- $7 million for the period March 12, 2012 through December 31, 2012 would result in cash payment of $4 million to the Sellers; and
- $7.75 million for the calendar year 2013 would result in an additional $4 million cash payment to the Sellers.
Just 11 of the 25 names in this portfolio are in positive territory since its Jan. 1 inception, but small-caps value stocks in general haven't done much this year.
The rising market tide isn't lifting all boats, as many value names among smaller companies have not shined so far this year.
Here are Friday's top research calls, including upgrades for Ford, Intel and Wynn Resorts, and a downgrade for Whirlpool.
WesBanco and EMC Insurance Group are among the fresh faces that are part of this year's 25 portfolio companies.