Manager invests in deep discounts, high-quality names

Rui Cardoso looks for at least 50% upside before he invests

Diana Cawfield 16 May, 2019 | 2:00PM

A concentration of deep-discount, top-quality companies defines the investment strategy for Rui Cardoso, vice-president at Beutel Goodman Investment Counsel in Toronto.

“When we find those great businesses, we only buy them when we can have a 50% return over a three-year investment horizon. This is a long-term perspective on value, regardless of what the short-term market sentiment is on the stock,” says Cardoso.

Cardoso and co-portfolio manager Glenn Fortin, together with a five-member team, manage the gold-rated U.S. Beutel Goodman American Equity Class F mandate. According to Cardoso, a select portfolio of “25 to 30 gems” sets them apart from their peers.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Amdocs Ltd51.86 USD-6.83
Amgen Inc198.27 USD-0.11
Verizon Communications Inc52.77 USD-1.44

About Author

Diana Cawfield

Diana Cawfield