Is there a "sleeper" stock in your portfolio, or one that you believe is currently being ignored or severely underappreciated by the market?
O'Halloran: A name that has been a good performer, but I would categorize as a sleeper stock because it doesn't get much media attention is
, which is in the agricultural feeds and services businesses. It is a mid-cap and it fulfills many of the criteria I like such as having a strong focused management and a strong business model. It has been growing its earnings steadily. Its most recent results saw analyst upgrades and a 43% hike in the dividend, which I see as the management's confidence in outlook. I believe the company will continue to perform well and investors will eventually recognize that stellar performance as well.
What is your outlook for Irish stocks in 2013? Do you foresee another strong year?
O'Halloran: Barring any major global shocks, I believe Ireland will continue to slowly recover at a macro level into 2013. In such an environment I see continued slow, steady outperformance by Ireland and its stock market. The market remains a good market for active stock-picking, which is great for the New Ireland Fund.