While there has been a rotation from high-flying, high-priced growth stocks this year, we do not believe this is a reason to shun the sector, particularly at the value end. One name we believe offers strong turnaround potential is British-listed Micro Focus Group.
Micro in name only, the company is one of the world’s largest enterprise software providers.
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Greg Smith is head of research at investment research and funds management house Fat Prophets.