VT De Lisle America bets on boats and uranium

Richard de Lisle

Plummeting price to earnings ratios across US consumer cyclicals have created abundant niche opportunities, despite fears of a looming recession.

Richard de Lisle, manager of the VT De Lisle America fund, argued the US market contained various opportunities in niches including boat manufacturers, with Malibu Boats a key pick for the manager. The firm is particularly attractive to de Lisle as its earnings report has "once again beat expectations", seeing earnings increase by more than 50%. De Lisle added the manufacturer claims it is seeing "no signs of a slowdown", with the firm currently sitting at a PE ratio of 6.95. He argued that following the pandemic, stocks focused on the outdoors had been performing strongly, and des...