Giverny Capital Asset Management's Insight on Selling Coherent Corp. (COHR)
Monday, 5 August 2024, 11:03
Giverny Capital Asset Management on Coherent Corp. Sale
Giverny Capital Asset Management, LLC, recently published its second-quarter 2024 investor letter. This letter details important financial data and strategic decisions.
Performance Overview
- The portfolio experienced a return of -2.31% in Q2 2024.
- In comparison, the S&P 500 Total Return Index had a return of 4.28%.
- Year-to-date, the fund showed a return of 12.31%, compared to the S&P's 15.29%.
Conclusion
Understanding the reasons behind the sale of Coherent Corp. (COHR) is crucial for investors and analysts alike. The decisions made reflect a strategic approach to portfolio management in a fluctuating market.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.