Comment 

Punching above its weight

Simon Thompson

Simon Thompson
Punching above its weight

Efficient markets theory dictates that all publicly available news is already factored into asset prices, so there should not be the opportunity to exploit a mispricing. That may be the theory, but in practice investors often fail to pick up on important company-specific announcements. That's especially true at this time of year when there is a deluge of newsflow flooding out as companies release pre-close trading statements ahead of their full-year results in the next couple of months.

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