Does Gates Industrial Corp. PLC (GTES) Have an Opportunity to Re-rate?

Fiduciary Management Inc. (FMI), an independent money management firm, released its first quarter 2024 investor letter. A copy of the same can be downloaded here. The first quarter of this year saw the continuation of last year’s stock market momentum, with growth stocks leading the way across market capitalization and geographical areas. The Small Cap Strategy rose 9.2% (gross) / 9.0% (net), in the quarter compared to 5.18% and 2.90% for the Russell 2000 Index and Russell 2000 Value...