Should You Hold Patterson Companies (PDCO) for the Long-Term?

Heartland Advisors, an investment management company, released its “Heartland Value Fund” third quarter 2022 investor letter. A copy of the same can be downloaded here. In the third quarter, Value Investor Class returned -4.12% and Value Institutional Class returned – 4.09% compared to a -4.61% return for the Russell 2000 Value Index. The equity markets were highly volatile in the quarter as a result of the Russia-Ukraine war, supply chain bottlenecks, and the Federal Reserve’s...