When it comes to investing, sometimes the hardest thing to do is hold onto a stock while its price is tumbling, but that’s exactly what some of the most successful hedge fund managers do. With one particular stock, this strategy has yet to play out, but there is reason to hope it will eventually.
Dave & Buster’s Entertainment (NASDAQ:PLAY) has plummeted more than 50% over the past year amid disappointing earnings results and other problems, but multiple hedge fund managers see light at the end of the tunnel.
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RGA Investment Advisors established a new position in the company during Q2 2024, while Patient Capital Management added it in Q3. Several other funds...
