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A Deep-Value Investor's Hunt for Bargains

Ariel's David Maley surveys the wreckage for keepers.

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Deep-value investors buy the companies that everyone else hates. In downturns like the one we just witnessed, the market is lending them a hand in finding oversold names. Of course, it's a tricky strategy to execute well.

I checked in with David Maley to see what he was doing. Maley is an experienced deep-value investor who came to Ariel from Maple Hill Capital but with a very new fund. Ariel Discovery (ARDFX) was launched at the end of January.

Q: Deep value seems like an easy strategy until you actually try to do it and learn that many stocks are beaten down for good reasons. How do you figure out which ones are really in a position to recover?

Russel Kinnel does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.