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    Boyar Asset Management focuses on investing in the equity securities of intrinsically undervalued companies.

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    Understanding Dividends: How Companies Allocate Money

    The Boyar Value Group’s 4th Quarter Letter 2023

    The Boyar Value Group’s 4th Quarter Letter 2023

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    Guy Spier, Portfolio Manager of the Aquamarine Fund and Author of the Education of a Value Investor

    Patrick Doyle, Executive Chairman of RBI on: increasing Domino’s share price by 23x; his vision for Tim Hortons and Burger King; and his thoughts on 3G Capital.

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    Understanding Dividends: How Companies Allocate Money

    Comcast, Atlanta Braves, and 3 Other Forgotten Value Stocks With Potential to Grow

    Will Small Caps Stand Out In 2024?

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The Boyar Value Group’s 4th Quarter Letter 2023

The Boyar Value Group just released our latest quarterly letter to clients.

Please find an excerpt of the letter below:

Last year was a textbook case of why stock market investors are often better off ignoring geopolitical noise and market prognosticators: Going into 2023, the consensus among Wall Street strategists was that a recession was imminent, and that the S&P would advance a mere 6%. Not many people would have predicted that during a year featuring a regional banking crisis, a debt ceiling standoff, ongoing war in Ukraine, a new war in the Middle East, and a continuation of rate hikes that pushed the Fed funds rate to its highest level in
22 years, GDP would increase, unemployment would reach its lowest level since 1969, and the stock market (as measured by the S&P 500) would advance 24%. If investors had moved to the sidelines waiting for the “right” moment to invest in the stock market, they would have missed out on handsome gains.

Please click here to read the entire letter.