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Morningstar Slashes Rating On Sequoia Fund

TedTed
edited March 2016 in Fund Discussions
FYI: Fund-ratings firm Morningstar cut its forward-looking rating on Sequoia Fund (SEQUX) in the wake of a high-profile executive departure and sharp losses related to Valeant Pharmaceuticals International (VRX).

Morningstar sounded cautiously upbeat about the fund’s prospects, however, since Valeant’s collapse can’t get much worse at this poin
Regards,
Ted
http://blogs.barrons.com/focusonfunds/2016/03/28/morningstar-slashes-rating-on-sequoia-fund/tab/print/

MarketWatch Slant
http://www.marketwatch.com/story/sequoia-fund-suffers-yet-another-blow-from-valeant-stake-2016-03-28/print

M* Snapshot SEQUX:
http://www.morningstar.com/funds/XNAS/SEQUX/quote.html

Comments

  • BobCBobC
    Nothing like closing the barn door after the livestock have all left.
  • AndyJ
    edited March 2016
    Hard to believe they still give it a positive rating. It's been so bad that even the 10y return score is down to fourth quintile.
  • msf
    The metal ratings (unlike the star ratings) are subjective and prospective. Perhaps the thought is: hey, it couldn't get much worse.
  • BenWPBenWP
    I have always thought that M* is way too slow to pull the trigger on bad funds. They cover so few, relative to the great number of funds, that it shouldn't be hard to prune the dead wood and get some new funds to take their spots.
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