British and German small cap indices have rocketed to new highs after reporting strong third quarter earnings, says this report from Reuters. European small caps have delivered better earnings beats and been the subject of more analyst upgrades recently.
According to the Reuters article, analysts at JPMorgan are factoring in the likelihood of more M&A activity, benefits of recovering economic growth and better yields for these stocks - and the potential for appreciation of nearly 40% due to the aforesaid factors.
But is there any value left on the table?
Maybe, because JPMorgan Cazenove analysts Eduardo Lecubarri and Patrick J Pitcaithly back-test their Benjamin Graham-inspired Sequoia investing strategy on European small cap stocks, and find it...
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