What Makes Teradyne (TER) an Attractive Investment?

TimesSquare Capital Management, an equity investment management company, released its “U.S. Small/Mid Cap Growth Strategy” fourth-quarter investor letter. A copy of the same can be downloaded here. In the fourth quarter, the strategy returned 9.80% (gross) and 9.53% (net) compared to 12.59% for the Russell 2500™ Growth Index. The recent market rally can be attributed to central banks pausing their rate hikes, as well as speculation about a possible shift towards monetary easing....