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Thanks Investor - From Equity & Income's Letter to Shareholders assessing recent performance: "All of the detractors are energy or natural resource companies with the exception of PharMerica ..." Sounds bit odd with prices at the pump north of $4.00 in many areas.
I have a large position in OAKBX and I am going to reduce it. I called them and registered my dissatisfaction with how they announced Studzinski's "retirement" after a year when the fund could not get its bond sleeve to produce anything. Wasn't there a vigorous rally in Treasuries that the fund missed? I still have other Oakmark funds, but my over-all confidence in the management is wavering.
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