Below is the full-year 2017 letter for Livermore Partners, a firm we profiled in the December 2016 issue of Hidden Value Stocks.

2016 was Livermore's first full year as an investment partnership and it blew the lights out with a return of 85% for investors making it one of the best performing value funds in the world.

Unfortunately, 2017 turned out to be a more challenging year for David Neuhauser and team. Livermore ended the year down 6.9%. However, the firm appears to be back on track for 2018 with a positive performance of 7% through February . . .

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*Return is calculated using every stock profiled on our site from time of publication and using a profit target of 100% and a trailing stop loss of 25%. Past results are not an indicator of future returns