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<a href="http://www.accessmylibrary.com/article-1G1-118845927/mfs-fund-grabs-slightly.html" title="Facts and information about MFS Fund Grabs The Slightly Wounded; Good Firms On Mend; Strategic Value manager has been leaning toward natural gas companies.(MUTUAL FUNDS)(MUTUAL FUND PROFILE)">MFS Fund Grabs The Slightly Wounded; Good Firms On Mend; Strategic Value manager has been leaning toward natural gas companies.(MUTUAL FUNDS)(MUTUAL FUND PROFILE)</a>
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MFS Fund Grabs The Slightly Wounded; Good Firms On Mend; Strategic Value manager has been leaning toward natural gas companies.(MUTUAL FUNDS)(MUTUAL FUND PROFILE)
Byline: KEN HOOVER
MFS Strategic Value Fund buys companies that are down on their luck - as long as manager Ken Enright finds that their misfortune is only temporary.
"We really have only one screen: price performance," Enright said. "When things go wrong, that's when we go digging."
If Enright concludes the company is on solid footing with only temporary problems and the price is right, he buys.
"The market can be very unforgiving," Enright said. "It might paint every company in an industry with the same brush."
Once bought, Enright must rely on patience and discipline for other investors to see what he sees. He tries to hold for 18 to 24 months.
But he will sell if the stock hits its price target. Enright will also let go if he finds he was wrong and the company's problems are systemic, not temporary.
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