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The Unexploited Values': Delphi Management's Scott Black Digs Deep for Margin of Safety

Traders Magazine, May 2005

Kathryn M. Welling

Scott Black knows value, in stocks, in the market, and in art. For the first two qualities, his clients at Boston's Delphi Management must be exceedingly thankful. For the last, museums in his home town and dotted around the East, regularly give thanks. Yet currently, after five years of outperformance by value stocks, even Scott complains the market offers slim pickings. Nonetheless, when we called, he graciously dug deep into his portfolio and came up with a handful of stocks that meet his exacting standards and can be called unexploited values. Names and numbers follow. -KMW

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