Investor Letters

Letters through March 31, 2017

1 letter reporting on the period ending March 31, 2017, in each firm's own reckoning.

Muhlenkamp & Company Quarterly Letter, April 2017 Muhlenkamp & Company focused on whether post-election small-business optimism would translate into hiring, capital spending and faster economic growth. The firm sold holdings at full value and reinvested selectively in undervalued companies, while watching policy changes, interest rates and European elections. For the period ended 3/31/17 —