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Here’s Why Flagstar Financial (FLG) was Down 22% in December

Black Bear Value Partners, an investment management firm, published its fourth-quarter 2024 investor letter. A copy of the letter can be downloaded here. Black Bear Value Fund returned -9.4% in December and -1.4% in 2024 and the S&P 500 returned -2.4% in December and +25.0% in 2024. HFRI Value Index returned -1.2% in December and +11.5% in 2024. In addition, please check the fund’s top five holdings to know its best picks in 2024.

Black Bear Value Partners highlighted stocks like Flagstar Financial, Inc. (NYSE:FLG) in the fourth quarter 2024 investor letter. Flagstar Financial, Inc....