Robotti Fund Manager Bets on Undervalued Companies Poised for Growth; Trump Wins New Hampshire Primary
• Veteran manager Bob Robotti seeks out unloved, undervalued companies with growth potential, such as Builders FirstSource in housing and Tidewater in offshore oil/gas services.
• Robotti says investors need to think about the "metamorphosis of the old economy" as cyclical businesses go through weak periods that lead to consolidation and improved supply/demand dynamics.
• North America's lower energy costs give competitive advantages to companies here versus Europe for decades, tying into profitable energy services companies.
• Tesla, IBM, and AT&T report earnings today; Netflix surged on subscriber gains and ad revenue, while Texas Instruments fell on a disappointing forecast.
• Former President Donald Trump wins New Hampshire's Republican primary, moving closer to a rematch with President Biden.