What Makes BJ’s Wholesale Club Holdings (BJ) an Appealing Stock?

Fiduciary Management Inc. (FMI), an independent money management firm, released its fourth quarter 2023 investor letter. A copy of the same can be downloaded here. Global stock markets had a strong year in 2023, with robust consumer demand, tight labor markets, and declining inflation all contributing to the positive outlook. The Small Cap Strategy rose 12.4% (gross) / 12.2% (net) in the quarter compared to 14.03% and 15.26% for the Russell 2000 Index and Russell 2000 Value Index. FMI...