In this interview, Portfolio Manager Michael Corbett discusses the launch of the new Low Price Stock Fund (PLOWX), the uniqueness of the firm’s process, keys to Perritt Capital Management’s success and the firm’s goals for 2014.
Click below to listen to the interview with Michael Corbett.
Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the fund may be lower or higher than their original cost. Performance data current to the most recent month end may be obtained by calling 1-800-331-8936. The funds impose a 2% redemption fee for shares held less than 90 days. Performance data quoted does not reflect the redemption fee. If reflected, total return would be reduced.
The opinions expressed are subject to change, are not guaranteed and are not intended as a forecast or as a recommendation to buy or sell any security.
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Mutual fund investing involves risk. Principal loss is possible. The Funds invest in smaller companies, which involve additional risks such as limited liquidity and greater volatility. The Funds invest in micro-cap companies which tend to perform poorly during times of economic stress. The Fund may invest in early stage companies which tend to be more volatile and somewhat more speculative than investments in more established companies. Low Priced stocks are generally more volatile than higher priced securities. The Fund invests in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods.
Diversification does not assure a profit nor protect against loss in a declining market.
According to Ibbotson & Associates Classic Yearbook 2014, $1 invested in micro-cap stocks on January 1, 1926 grew to $29,190 by December 31, 2013. $1 invested in small-cap and large-cap stocks grew to $26,641 and $4,677 over the same time period. Small company stocks defined as the bottom quintile of securities ranked by market capitalization from 1926-2013. Microcap stocks defined as the bottom two deciles, while large company stocks (broad market) are represented by the S&P 500 index. S&P 500 is an unmanaged index which is widely regarded as the standard for measuring large-cap U.S. stock market performance. An investment cannot be made directly in an index.
Cash Flow is defined as a revenue or expense stream that changes a cash account over a given period.
