During the recent market rout, the Montgomery Small Companies Fund picked up several high-quality small caps with solid growth potential at bargain prices. One standout is leading auto parts distributor, Bapcor (ASX:BAP), which has since rebounded strongly.
The BAP share price more than halved from pre-COVID levels to their March lows (falling from around $7 to just above $3), which suggested an overly pessimistic outlook for a relatively resilient business, in our view.
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