Been Down So Long, It Looks Like UpJeffrey M. Laderman
In a stock market that seemed stuck in a rut all summer, the Oberweis Emerging Growth Fund managed to cruise along on a fast track. With a portfolio of rapidly growing companies in such industries as insurance, software, and food, Jim Oberweis chalked up an 8.17% total return for the third quarter (through Sept. 25). But Oberweis isn't ready to take a bow. The first two quarters were a disaster--down 15.5%--and for the year, the fund is under water. Sighs Oberweis: "It hasn't been fun."
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