NEW YORK (TheStreet) -- With the stock market swinging wildly, plenty of shareholders are dumping stock funds and shifting to Treasuries.
But not all investors are gloomy. After the rough stock market of last summer, shares of many companies slipped to bargain levels, says Christopher Welch, portfolio manager of Diamond Hill Small-Mid Cap (DHMAX). "This is a time when you can find lots of very high-quality companies that are undervalued," he says.
Welch, a die-hard value investor, is hardly alone. Other veteran value fund managers say that they are buying at a time when good stocks are being dumped for little or no reason.
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