RF Capital released its Q3 2019 quarterly letter to investors – download a copy here.
The investment management company did not have a good quarter, losing 6.98% in value. Meanwhile, the benchmark Russell 1000 Growth Index and the S&P 500 Index gained 1.49% and 1.87%, respectively.
In its commentary, RF Capital had the following to say on Fiat Chrysler Automobiles NV (NYSE: FCAU), one of the company’s top 5 holdings:
“We believe Fiat Chrysler remains undervalued. The low earnings...
