Here’s What is Suppressing Garrett Motion’s (GTX) Valuation

McIntyre Partnerships, an investment management company released its fourth quarter investor letter. McIntyre Partnerships returned approx. 2% gross and 0% net through the end of 2024 compared to the Russell 2000 Value’s ~8% return. A copy of the letter can be downloaded here. The fund's trailing five-year returns are about 27% gross and 22% net annually compared to benchmark's return of about 7% annually. For the first time since 2019, the fund underperformed its benchmark in 2024, which was not a good year. The underperformance was driven by declines in several large, long-held...