Media Archive
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Wall Street Reporter – March 20, 2008
“Micro-Caps at Deepest Value in Six Years”
By Ryan McGuire
Portfolio Manager Michael Corbett is the featured guest of Wall Street Reporter's Manager Interview. Michael comments on the micro-cap space being priced at values not seen in several years.
http://www.wallstreetreporter.com/page.php?page=featured&tab=2&id=27753
CNBC – February 27, 2008
“Street Signs”
In this video clip Portfolio Manager Michael Corbett answers questions from viewers and tells about keeping a positive outlook for companies over the long term.
http://www.cnbc.com/id/15840232?video=666424934&play=1
CNBC – December 28, 2007
“Street Signs”
In this video clip Portfolio Manager Michael Corbett talks about finding opportunities in a space that recently has seen many companies priced at attractive values.
http://www.cnbc.com/id/15840232?video=616673525&play=1
Chicago Tribune – December 25, 2007
“Taking Chances on Small Firms Pays Off for Perritt Microcap”
By Andrew Leckey
The Perritt MicroCap Opportunities Fund is profiled in this article, which notes the fact that ten percent of the portfolio's holdings were bought out at a premium by other companies or private equity in 2007.
http://www.chicagotribune.com/business/chi-tue_leckey_1225dec25,0,1102692.story
Investment News – November 12, 2007
“Investing Small Yields Big Returns for Fund”
By Jeff Benjamin
Portfolio Manager Michael Corbett is interviewed in this article focusing on the selection process of the Perritt Ultra MicroCap Fund. Michael emphasizes how much the research process depends on finding undiscovered investment opportunities.
http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20071112/FREE/711120346/1020/S TREETWISE
The Street.com – October 4, 2007
“TheStreet.com Ratings Initiates Coverage of 71 Mutual Funds”
By Kevin Baker
This article highlights four mutual funds out of seventy-one that The Street.com has initiated coverage on based upon three years of risk and performance data as of 8/30/2007.
http://www.thestreet.com/s/thestreetcom-ratings-initiates-coverage-of-71-mutual-funds/n ewsanalysis/ratings/10 382782.html?puc=googlefi
Wall Street Journal – October 2, 2007
“Category Kings in 22 Realms”
This Small-Cap Value performance table includes total returns for the 3rd-Quarter 2007, along with the YTD, one-, and five-year periods as of 9/30/2007.
CNBC – September 28, 2007
In this video clip Portfolio Manager Michael Corbett discusses some recent additions to the Perritt MicroCap Opportunities Fund.
http://www.cnbc.com/id/15840232?video=534878045&play=1
The Motley Fool – September 21, 2007
“Do Top Fund Managers Measure Up?”
By Amanda B. Kish
This article takes a closer look at mangers listed in Barron's annual fund rankings (see August 13 entry below). The author notes the Fund's diversification, long management record and fair expenses as keys to its results.
http://www.fool.com/investing/mutual-funds/2007/09/21/do-top-fund-managers-measure-up-p art-2.aspx
Forbes – September 17, 2007
“The Honor Roll”
By William Heuslein
The Perritt MicroCap Opportunities Fund was one of ten funds named to the Forbes 2007 Honor Roll.
http://www.forbes.com/free_forbes/2007/0917/170.html
Forbes Magazine's rating criteria for earning a place on the Forbes Mutual Fund Honor Roll include:
1. Strong relative performance in up and down markets;
2. A manager tenure of at least six years;
3. Portfolio diversification;
4. Accessibility (open to new investors); and
5. Long-term after-tax performance based on an initial investment of $10,000 on January 31, 1994 to July 31, 2007
CNBC – September 10, 2007
In this video clip Portfolio Manager Michael Corbett discusses where he is finding valuation in the market, and notes the amount of capital spending going into new technology.
http://www.cnbc.com/id/15840232?video=509670959&play=1
CNBC – August 29, 2007
In this video clip Portfolio Manager Michael Corbett discusses investing with a 3 to 5 year time horizon and how the Fund seeks to "get paid while we wait."
http://www.cnbc.com/id/15840232?video=490862059&play=1
Barron's – August 13, 2007
“The New Masters”
By Christopher C. Williams
Portfolio Manger Michael Corbett is recognized as one of the top 100 Mutual Fund Managers in the Nation, as listed by the annual Barron's/Value Line survey. Corbett ranked #5 for the Microcap Opportunities Fund.
http://online.barrons.com/article/SB118679520270894849.html?mod=BOLFeed
Fund managers named to the Barron's list of the industry’s Top 100 have consistently outperformed their peers. The Barron's/Value Line annual rankings system awards points to managers who generate more stable returns and subtracts points from funds deemed to volatile. Value Line first scanned 5,447 equity funds, screening out those with more than two lead managers and managers with less than three years' tenure. The remaining funds were then organized by investment objective, and then sector funds and those with less than $200 million in assets were eliminated. 928 managers qualified to be ranked.
MutualsAdvisor.com – August 8, 2007
“Mutual Funds for Today”
By Ian Wyatt and Amy Crane
The Perritt Ultra MicroCap Fund is highlighted in this Special Report by MutualsAdvisor.com. Research Analyst Amy Crane comments that strong management is a key to the success of any Mutual Fund.
http://www.mutualsadvisor.com/report.cfm?email=mark@perrittcap.com
First Business – August 8, 2007
In this video clip from First Business, Portfolio Manager Michael Corbett discusses the importance of looking at each company individually, and gives details on specific holdings.
http://www.firstbusinessx.com/webex/0708/0808webexExtracorbett.html
Wall Street Journal – August 6, 2007
“Category Kings in 16 Realms”
This Small-Cap Value performance table includes total returns for July 2007, along with the YTD, one-, and five-year periods as of 7/31/2007.
Wall Street Journal – July 31, 2007
“Smartmoney Fund Screen-Longtime Managers”
This table lists ten funds that have exceeded a historical annual average return of the stock market since their launch, as of July 27, 2007, and also have manager tenure of more than five years.
MSN Money – July 31, 2007
“Three Terrific Small-Cap Funds”
By Tim Middleton
In this article, the author highlights funds that provide small cap exposure. Portfolio Manager Michael Corbett is interviewed regarding the MicroCap Opportunities Fund, where his key has been: “diversify, diversify, diversify.”
http://articles.moneycentral.msn.com/Investing/MutualFunds/
3TerrificSmallCapFunds.aspx
SmallCapInvestor.com – July 27, 2007
“Newsletter Watch: Small Cap Funds”
By Steven Halpern
In this article, The Perritt Ultra MicroCap Fund is mentioned for focusing on only the smallest of the small stocks.
http://www.smallcapinvestor.com/articles/investing_strategies/newsletter_watch/
07/27/2007/newsletter_watch_smallcap_funds
MarketWatch – July 18, 2007
“Bad News can be Good Opportunity”
Founder and President Dr. Gerald W. Perritt reminds investors in this interview that current market fears shouldn’t factor into the way most people look at small- and micro-cap stocks, which tend to move based on bottom-up factors more than big-picture news.
http://www.marketwatch.com/news/story/bad-headlines-can-make-good/story.aspx?guid=%7BF4 424745%2DA338%2D407B%2 DB6BF%2D5F407FA4A986%7D
Your Money with Chuck Jaffe – July 18, 2007
“The Big Interview”
Portfolio Manger Dr. Gerald Perritt is the featured guest of syndicated columnist Chuck Jaffe's morning radio show, Your Money. Dr. Perritt discusses the history of small company investing and shares some insights from his twenty years of investment experience.
http://www.marketwatch.com/tvradio/player.asp?guid={E9179734-FC52-496E-BB5B-671AA82D4F8 1}
The Street.com – July 9, 2007
“Microcap Manager Names his Favorite Picks”
In this clip from TheStreet.com TV, Portfolio Manager Michael Corbett talks about finding companies that are moving in the right direction.
http://videoplayer.thestreet.com/?clipId=1373_10366920&channel=Mutual+Fund%2FETF+Re port&cm_ven=YAHOO& amp; amp;cm_cat=& cm_ite=&puc=yahoo&ts=1184017815531
New York Times – July 8, 2007
“Quarterly Mutual Fund Report”
The five year performance table of U.S. General Stock Funds includes total percentage returns for the quarter, the year and 5 years, annualized, and the fund's rank within the universe of Nasdaq-listed stock funds tracked by Morningstar as of 6/30/07.
Wall Street Journal – July 3, 2007
“Category Kings in 22 Realms”
This Small-Cap Value performance table includes total returns for the second quarter 2007, along with the YTD, one-, and five-year periods as of 6/30/2007.
Forbes – June 22, 2007
“Funds For A Shifting Market”
By Thurman Smith
This article looks at which diversified mutual funds might be useful to investors in a market that looks to be changing. The Perritt Ultra MicroCap Fund is noted for a low median market cap, low turnover, and tax efficiency.
http://www.forbes.com/2007/06/21/mutual-fund-leaders-in_ts_0621soapbox_inl_print.html
Investor's Business Daily – May 30, 2007 “Growth Funds Leading the Market” This insert includes a snapshot of the Perritt Microcap Opportunities Fund, including ten largest holdings, new buys and new sells. Investor's Business Daily – May 30, 2007 “Top Growth Funds” These two lists show total return performance as of May 30, 2007 since market low of April 4, 1994 and since market peak Jan 31, 1994, respectively. Crain's Chicago Business – April 30, 2007 “Investing In What Wall Street Overlooks” By Bob Tita In a conversation with Crain's Chicago Business, Portfolio Manager Michael Corbett discusses some current market trends, including a recent increase of private-equity money in the market. Small companies are often a target for these firms, and Michael notes that approximately 7% to 10% of the Perritt portfolio gets bought out in a year. Wall Street Journal – April 25, 2007 “When It Makes Sense to Buy An Actively Managed Fund” By Eleanor Laise This article, based on a recent study by Morningstar director of research Russel Kinnnel, concludes that while most active managers have a hard time adding value, in the small cap corner of the market active managers can pluck undervalued securities from obscurity. The Perritt MicroCap Opportunities Fund is included in the list "Solid Stock-Pickers," which includes four no-load funds and their 5-yr annual return as of 3/31/07. http://online.wsj.com/article_email/SB117746257940281364-lMyQjAxMDE3NzA3OTQwNjkyWj.html InvestmentNews – April 23, 2007 “Emerging-market Funds Trump Field” This US Small-Cap performance table includes total returns for 3-month period, along with the one- and three-year periods as of 4/16/07. New York Times – April 8, 2007 “Quarterly Mutual Fund Report” The quarterly performance table of U.S. General Stock Funds includes total percentage returns for the quarter, the year and 5 years, annualized, and the fund’s rank within the universe of Nasdaq-listed stock funds tracked by Morningstar as of 3/31/07. Also, the 5-year performance table includes the same. Wall Street Journal and CBS MarketWatch – March 26, 2007 “March Madness: Funds Push Full-Court Press” By Murray Coleman Portfolio Manager Michael Corbett is interviewed in this article recapping the opening quarter of 2007. Michael discusses using the quarter's volatility to create opportunities, as well as where he has been putting some of his cash to work. http://www.marketwatch.com/news/story/quarter-winds-down-stock-fund-managers/story.aspx ?guid=%7BB02C1E00%2D20 D9%2D45 AD%2DBF8A%2D071C4B7A9CDD%7D Wall Street Journal – February 20, 2007 “Ways to Invest: Year's Best” This Small-Cap Value performance table includes year-to-date performance, along with three and five year returns as of 2/19/2007. Investor's Business Daily – February 12, 2007 “Snooping for the Market's Underdogs” By Trang Ho In this article, Trang Ho interviews Michael Corbett, portfolio manager of the Perritt MicoCap Opportunities Fund. Michael discusses the value in finding special situation buys, such as a company undergoing restructuring or buying back a large amount of its shares. http://www.investors.com/editorial/IBDArticles.asp?artsec=19&issue=20070212&rss =1 Wall Street Journal – February 5, 2007 “Category Kings in 16 Realms” This Small-Cap Value performance table includes total returns for the month of January, along with the one-, three-, and five-year periods as of 1/31/2007. The Street.Com – February 2, 2007 “For Funds, Repeat Success Rare” By Christopher Sahl This article notes that the Perritt MicroCap Opportunities Fund was listed in the Standard and Poor's 2006 Mutual Fund Performance Persistence Scorecard. The scorecard is designed to address the common drawback of fund rankings that they tend to smooth over bad years. http://www.thestreet.com/funds/mutualfundinvesting/10336434.html MarketWatch – February 2, 2007 “Stock Picker of the Year” By Jonathan Burton This wrap-up of MarketWatch's monthly feature "The Stockpickers" discusses Portfolio Manager Michael Corbett's stock selections for the year. The company that Michael highlighted in his may interview, Force Protection, returned 2,132% in 2006. His other selections, Century Casinos and Rimage Corporation, returned 34.1% and -13.4% respectively. http://www.marketwatch.com/news/story/fund-manager-kurt-stalzer-stockpicker/story.aspx? guid=%7B72328BEA%2DDB1 8%2D436 1%2D819B%2D3F640BA15456%7D&dist= Seventy-five Fund Managers were featured in The Stockpickers from the beginning of January through the end of October 2006. Chosen stocks could be domestic or international, covering all market sizes, investment styles and industry sectors. The Stockpicker of the Year award recognized the three profiled stocks' contribution to the portfolio and also how the manger's fund finished the year. Standard and Poor's – January 29, 2007 “Standard and Poor's Mutual Fund Performance Persistence Scorecard, Year-End 2006” The Perritt MicroCap Opportunities Fund was included in Standard & Poor’s year-end report on fund consistency, which tracks the performance consistency of actively managed Mutual Funds within their peer group over three and five consecutive years. http://www2.standardandpoors.com/spf/pdf/media/Funds_Perf_Persistence_2006.pdf?vregion= us&vlang=en USA Today – January 19, 2007 “Monstrously big mutual funds can be reason to fret” This article discusses some of the problems that mutual funds face as they grow large with assts. The Perritt MicroCap Opportunities Fund is shown in a box titled "small-company fund winners," that lists the performance of small cap funds with less than $500 million in assets over five years. New York Times – January 7, 2007 “Quarterly Mutual Funds Report” This 5-Year performance table of U.S. General Stock Funds includes total percentage returns for the quarter, the year and 5 years, annualized, and the fund's rank within the universe of Nasdaq-listed stock funds tracked by Morningstar Inc as of 12/29/06. Crain's Chicago Business – January 1, 2007 “Happy Returns?” This feature takes a look back at how several money managers' picks performed in 2006. Portfolio Manager Michael Corbett is referred to regarding two companies, Middleby and A.M. Castle. Michael describes both of these companies as key players in a niche market. Valuerich Magazine – Fall 2006 “Small-cap Market Dating Do's and Don'ts” By Liza Grant Smith Portfolio Manager Michael Corbett is interviewed in this article about small-cap company exposure. Michael discusses holding companies for the long term and the importance of being an investor rather than a trader in the small cap space. Kiplinger's – November, 2006 “Rankings: Top-performing stock and bond mutual funds” This small- and midsize-company five year performance table includes total returns for the one-, three-, and five-year periods as of 9/18/06. MarketWatch – October 19, 2006 “Stock Picker of the Quarter” By Jonathan Burton This article names Michael Corbett, portfolio manager for the Ultra MicroCap Fund, the Stock Picker of the Quarter. In winning, Corbett topped 16 other fund managers featured in Marketwatch's "The Stockpickers" column earlier this year. Michael attributes his success to research and "doing the homework," in a sector where companies are often unknown and under followed. http://www.marketwatch.com/news/story/Story.aspx?guid=%7B7556D76F%2DA2D9%2D4CB8%2DA0C3% 2DA4DCBC9498A3%7D& siteid= Each of the 16 Fund Managers chose three stocks whose performance was tracked over a 13 week period, from June 27, 2006 to September 26, 2006. Chosen stocks can be domestic or international, covering all market sizes, investment styles and industry sectors. Each stock picker is reviewed on how their selections perform. Kiplinger's – November, 2006 “Seven Bargains for $7” Inside this article focusing on seven low-priced stock stories, a text box entitled "Three that own the TINIEST firms" lists the Perritt Ultra MicroCap Fund as one way to invest in low-priced stocks. Boomer Market Advisor – September, 2006 “Morningstar's Top 30 Funds” The Perritt MicroCap Opportunities Fund is referenced in this article. Kiplinger's – September, 2006 “And the Winners Are...” By Lewis Braham This list of mutual funds includes The Perritt Ultra MicroCap Fund. The article also mentions Perritt Capital Management's experience with the longer running Perritt MicroCap Opportunities Fund. http://www.businessweek.com/magazine/content/06_24/b3988106.htm
Investor’s Business Daily – August 23, 2006 “Top Growth Funds” This list of funds includes The Perritt MicroCap Opportunities Fund. Barron’s – August 14, 2006 “2006 Fund Managers Best in Class” By Christopher C. Williams The article features Michael Corbett, Portfolio Manager for the Perritt MicroCap Opportunities Fund. Wall Street Journal – August 4, 2006 “Stepping Back In, Mutual Funds Now See ‘Value’” By Diya Gullapalli This article highlights the shift among many value investors out of cash and into stocks. Michael Corbett, portfolio manager for the Perritt MicroCap Opportunities Fund, is quoted regarding his thoughts on finding attractive valuations. Investor’s Business Daily – August 2, 2006 “Perritt MicroCap Works Down Cash” By In this article, Murray Coleman interviews Michael Corbett, portfolio manager of the Perritt MicoCap Opportunities Fund. Michael discusses finding niche businesses at more attractive valuations as well as some of his most successful picks. http://www.investors.com/editorial/IBDArticles.asp?artsec=19&issue=20060801< /p> Crain’s “Money Manager Highlight” This article highlights one of Michael Corbett’s stock selections, Middleby Corp. Michael attributes the company’s success to Technological leadership in its area. http://chicagobusiness.com/cgi-bin/mag/article.pl?article_id=26182&bt=corbett&a rc=n&searchType=al l (password req.) New York Times – July 9, 2006 “U.S. General Stock Funds” This list of U.S. Equity Funds includes total percentage returns for the quarter, the year and 5 years, annualized, and the fund’s rank within the universe of Nasdaq-listed stock funds tracked by Morningstar Inc as of 6/30/06. BusinessWeek – June 12, 2006 “Try These Small Caps On for Size” By Lewis Braham This article focuses on finding experienced small-cap managers. Perritt MicroCap Opportunities Fund portfolio manager Michael Corbett is quoted regarding his experience and how it has helped him gain industry relationships. http://www.businessweek.com/magazine/content/06_24/b3988106.htm Q&A TICKER’s Choice –June, 2006 “The Smallest Companies Out There” This article discusses the launch of the Perritt Ultra MicroCap Fund. Portfolio Manager Michael Corbett talks about the fund’s process, its risks, and why research is so important. http://www.123jump.com/mutual-fund/The-Smallest-Companies-Out-There/255/ CNNMoney – June, 2006 “50 Small-Cap Stocks to Watch” This article features the “FORTUNE Small Business 50 Small-Cap Stocks to Watch,” which lists several small-cap managers’ stock picks.
http://money.cnn.com/2006/05/30/magazines/fsb/50smallcaps_intro_full/?cnn=yes CNNMoney – May 30, 2006 “Little Stocks that Rock” By John J. Curran This article highlights small company stocks that fund managers believe may have promising futures. Michael Corbett, portfolio manager of the Perritt MicroCap Opportunities Fund, discusses Landec, a California-based research company that holds patents on what he believes may be a ground-breaking technology: a synthetic polymer that “thinks.” http://money.cnn.com/magazines/fsb/smallcaps/2006/full_list/ Bottom Line Secrets – May 17, 2006 “Small-Stock Gems” Michael Corbett is featured in this issue of the all-purpose magazine. Michael discusses the importance of investing shareholders’ money in a measured fashion rather than chasing the latest fads. MarketWatch – May 14, 2006 “Getting the Most from Microcaps” By Jonathan Burton This article focuses on thinking big with little stocks. Michael Corbett, portfolio manager of the Perritt Emerging Opportunities fund, discusses diversification and finding under-followed, under-researched, and unloved stocks. http://www.marketwatch.com/News/Story/Story.aspx?dist=newsfinder&siteid=mktw&guid=%7B610276E0%2D579B%2D45C6%2DA1DB%2D6109C4AFE1A0%7D&link=&keyword=jonathan%20burton Bloomberg – May 9, 2006 “Oil Industry Sells $16.5 Billion in New Shares so Far This Year” By Elizabeth Hester This article discusses the high level of IPO activity within the oil industry. Michael Corbett, portfolio manager of the Perritt MicroCap Opportunities Fund, is quoted regarding the favorable economic conditions for oil industry new issues. Investment Advisor – May 2006 “When Smaller Equals Better” Michael Corbett, portfolio manager for the Perritt MicroCap Opportunities Fund, is featured in this mutual fund spotlight. Michael discusses the fund’s investment process and staying true to his micro-cap style. http://www.investmentadvisor.com/issues/2006_5/features/6272-1.html "A.M.
By H. Lee Murphy This article discusses profits of finished metals supplier
http://www.chicagobusiness.com/cgi-bin/news.pl?id=20380 MarketWatch – April 4, 2006 “Pint-Size Players” By Jonathan Burton This article highlights five funds with experienced management and a low asset base that still accept new investors. Michael Corbett, portfolio manager of the Perritt Ultra MicroCap Fund, is praised for offering, “a chance to get the real small stuff.” Investor’s Business Daily – October 10, 2005 “Perritt Micro is Playing Waiting Game” By In this article Murray Coleman interviews Perritt MicroCap Opportunities portfolio manger Michael Corbett. Michael discusses diversification and buying stocks at a discount, as well as some of his recent picks. Kiplinger’s – August 30, 2005 Kiplinger’s – August 23, 2005 Bloomberg – June 2, 2005 Bloomberg – May 25, 2005 Click here to return to In The News.
Mutual fund investing involves risk. Principal loss is possible. The Funds invest in smaller companies, which involve additional risks such as limited liquidity and greater volatility. The Funds invest in micro cap companies which tend to perform poorly during times of economic stress. The Ultra MicroCap Fund may invest in early stage companies which tend to be more volatile and somewhat more speculative than investments in more established companies. Please click here for a current prospectus. Please click here for the most recent standardized performance of the Perritt MicroCap Opportunities Fund and the Perritt Ultra MicroCap Fund. Past performance does not guarantee future results. Fund holdings and sector allocations are subject to change at any time and should not be considered a recommendation to buy or sell any security. Please click here for a link to the fund’s top ten holdings.
The Debt to Capital ratio is a measurement of a company's financial leverage, calculated as the company's debt divided by its total capital. While the fund is no-load, management and other expenses still apply. Please refer to the prospectus for further details.
“Five Up-and-Coming Funds”
By Steven Goldberg
This article spotlights five different one year-old funds run by experienced managers, including The Perritt Ultra MicroCap Fund.
http://www.kiplinger.com/personalfinance/columns/value/archive/2005/va0830.htm
“When Smaller is Better”
By Steven Goldberg
Michael Corbett, portfolio manager for the Perritt Ultra MicroCap Fund, is featured in this mutual fund spotlight. Michael discusses the fund’s investment process and companies that he believes are building franchises.
http://www.kiplinger.com/personalfinance//columns/value/archive/2005/va0823.htm
“Perritt Microcap Fund Gets Top Returns with ‘Underloved’ Stocks”
By Ari Levy
Michael Corbett, portfolio manager of the Perritt MicroCap Opportunities Fund, is featured in this article about small-cap stocks. Michael discusses the appeal of finding inefficiencies with underfollowed, underloved, and underresearched stocks, and goes into some detail of his own stock selections.
“MicroCaps, Market Leaders, Get Russell Index: Talking Stock”
This article discusses the creation of the Russell 2000 Index to begin tracking micro cap stocks. Perritt MicroCap Opportunities Fund portfolio manager Michael Corbett discusses how this move helps validate the micro-cap space as a legitimate asset class.
http://www.bloomberg.com/apps/news?pid=email_us&refer=&sid=az32xTX1tRng
The Russell 2000 index measures the performance of the 2,000 smallest companies in the Russell 3000 index, which represents approximately 8% of the total market capitalization of the Russell 3000 index. You cannot invest directly in an index.