NIAGARA SHARE CORP. is being shunned by investors because it wasn't a "go-go" stock during the heady days of the 1980s.
At least that's the opinion of Norman Tepper, an analyst at the Value Line Investment Survey, who thinks that stock in the Buffalo-based investment company should do respectably during the next three to five years.
Because Niagara Share focuses on growth stocks that were passe during the last decade, it's performance was lackluster, compared to the broader market. But now the fund is doing better than the market after some mid-summer profit-taking that boosted its cash reserves just as the market was heading south. Even so, investors haven't caught on.