Weitz Shareholder Letter
Read the full article at: http://www.weitzfunds.com/Literature/shareholderletters/archive/ValueHickoryPVALPIII0906.asp
Submitted by Geoff on Mon, 2006-10-23 21:34.
(via www.weitzfunds.com)
Shareholder Letter dated September 30th. "What a difference a year makes. Last year at this time, our portfolios were down for the calendar year-to-date, and our trailing 12-months’ performance was underwhelming. Our stocks were getting cheaper, setting up the portfolios for future gains, but shareholders were definitely not cheering. Now, four quarters later, both relative and absolute results are good and we have a report that is more fun to deliver."