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Stock Strategist

A Stock with Hidden Charms

Hallwood Group's potential value could be unlocked for shareholders.

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Editor's note: Guest columnist Mark Sellers is a former Morningstar equities strategist and former editor of Morningstar StockInvestor. He now manages the Sellers Capital Fund, based in Chicago.

With soaring energy and real estate prices, many value investors (including hedge fund managers, private equity firms, corporate raiders, and mutual fund managers) have been scouring the marketplace to uncover companies with hidden "real" assets, including real estate, timber, and oil or natural-gas reserves. The assets are considered hidden because they're listed on the balance sheet at cost, even though, in many cases, their market values may be much higher. Over the past couple years many of these asset plays have shot up in value on takeover speculation (or outright takeover bids).

Mark Sellers has a position in the following securities mentioned above: HWG, IDR. Find out about Morningstar’s editorial policies.

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