For an active investor, there is nothing more exciting than reporting season. It is a time when fundamental research is rewarded with strong company results and, hopefully, a rise in the share price (or fall if it is a short position).
This is especially true for the coming results season. Many investors have suffered from a volatile macro backdrop with elevated uncertainty meaning many stocks have drifted away from long-term fundamental value.
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Jun Bei Liu is the founder and lead portfolio manager at Ten Cap. She formerly worked for Tribeca Investment Partners.