By clicking the above link, you’ll leave this site and go to a third-party website. Ariel does not control the content or privacy practices of the other website and does not endorse or accept responsibility for the content, policies, activities, products or services offered on the site.

The information provided in this essay does not provide information reasonably sufficient upon which to base an investment decision and should not be considered a recommendation to purchase or sell any particular security. This material should not be considered an offer for any of the securities referenced. The information contained in the essay is not guaranteed as to its accuracy or completeness, and the opinions expressed therein were current as of the date of the publication but are subject to change.

Past performance does not guarantee future results. Investing in equity stocks is risky and subject to the volatility of the markets. A value investment strategy seeks undervalued stocks that show a strong potential for growth. The intrinsic value of the stocks in which a value strategy invests may be based on incorrect assumptions or estimations, may be affected by declining fundamentals or external forces, and may never be recognized by the broader market.