VT De Lisle America bets on boats and uranium

Image: Richard de Lisle (pictured), manager of the VT De Lisle America fund Plummeting price to earnings ratios across US consumer cyclicals have created abundant niche opportunities, despite fears of a looming recession.

Richard de Lisle, manager of the VT De Lisle America fund, argued the US market contained various opportunities in niches including boat manufacturers, with Malibu Boats a key pick for the manager.

The firm is particularly attractive to de Lisle as its earnings report has "once again beat expectations", seeing earnings increase by more than 50%.

De Lisle added the manufacturer claims it is seeing "no signs of a slowdown", with the firm currently sitting at a PE ratio of 6.95.He argued that following the pandemic, stocks focused on the outdoors had been performing strongly, and despite boat sales plummeting during the 2008 recession, the post-lockdown surge would be strong enough to maintain sales during a potential recession. […]

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