Better Values in High-Quality Firms
Oppenheimer Main Street manager Mani Govil says he's definitely seeing some better values among higher-quality firms relative to the companies that don't have a competitive advantage.
Ryan Leggio: Since you invest in all different types of sectors in the U.S. economy, are there particular areas of undervaluation, or do you think there's opportunities in all the sectors?
Govil: The market, Ryan, has come up quite a bit in the last few months. Since March there's been quite a rise. And the values to some extent, have dissipated. You don't find as many companies that are attractively valued now. But we are still able to find good companies in pretty much every sector. You name the sector, and we have companies that we have on our so-called "farm team," which we are working on actively, that could be suitable additions to the portfolio.
Ryan Leggio does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.