Heartland Advisors: “Haemonetics (HAE) is a Recession-Friendly Stock”

Heartland Advisors, an investment management firm, published its “Heartland Value Plus Fund” second-quarter 2022 investor letter – a copy of which can be downloaded here. Stocks slid into a bear market amid rising rates and inflation, and now investors seem to be wondering whether Federal Reserve rate hikes might trigger a recession. Against this backdrop, the firm believes it’s more important than ever to focus on well-run, quality businesses with strong balance sheets. Go over the...