Talking Up a Telecom Turnaround
While the telecom sector currently hangs over the market, John Schneider, manager of PIMCO Value Fund/A (PDLAX), thinks an industry shakeout is paving the way for an upturn in the sector. This contrarian thinking reveals his penchant for turnaround situations. Schneider looks for catalysts, such as supply/demand imbalances, new management, or cost cutting initiatives, to get things moving.
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