Oracle Corp. appreciated more than 10% after reporting solid earnings results. We first purchased shares in Oracle Corp. in late June of this year and quickly built a position that today is more than 3% of assets in each Fund. The Oracle Corp. investment demonstrates that new value opportunities can still be found even during a period of significant market appreciation.
From Yacktman Funds' 2013 Annual Report - Portfolio Manager's Comments
Also check out: Donald Yacktman Undervalued Stocks Donald Yacktman Top Growth Companies Donald Yacktman High Yield stocks, and Stocks that Donald Yacktman keeps buying
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