HVS 1Q23: Lowell Capital On Sylvamo
Lowell Capital’s Investment IdeaLowell Capital has not featured in Hidden Value Stocks in the past, but the value-focused firm outperformed in a tough market last year, returning -6.7% for the year to the end of November, compared to the S&P 500’s -13.1% return. Lowell’s area of focus is small-cap value, with a preference for “under-followed or misunderstood companies which generate strong cash flows.” In its December letter to investors, the firm discussed its current largest long position, Sylvamo Corp (NYSE:SLVM). Here’s a condensed version of the fund’s analysis: “Sylvamo Corp produces and...