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Stock Update: Patterson Companies

Patterson was the second-worst performer with a loss of -$1.44 million. In November, Patterson reported poor results for its second fiscal quarter ending October 2016. The issues involved slow growth in its core dental business and margin pressure on pharmaceuticals sold in their animal health division. While we were disappointed in the operating results, the company has a strong competitive position in its industry and generates generous amounts of cash profits.

The portfolio is actively managed. For the FAM Value Fund's current Top 10 Holdings to the most recent quarter-end, view its Portfolio Details.

To obtain the FAM Value Fund's performance data that is current to the most recent month-end, click here.

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