The Sarbanes-Oxley Shuffle

He recommends looking for a strong outside board of directors and how the company handles financial disclosure, among other factors. Another criterion, Huguet says, is to measure an outfit's intrinsic value against the market price of its shares, which preferably should be at a discount to value. This approach appears to have had a long-term payoff: Since the fund's inception in 1998, it has done 15% better than the S&P 500 index.

See full Article.