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BOYAX Funds Q&A 
 
(BOYAX)Private vs. Public Value
11:40 AM EST February 16 2007
Wall Street and the private market may differ substantially in their valuations of a business, and that’s an opportunity for the Boyar Value Fund. The fund aims to buy businesses at a significant discount to their intrinsic value with the idea that, over time, the market will value them appropriately, or they will be acquired. Relying on in-depth fundamental research, the manager Mark Boyar runs a concentrated portfolio with very low turnover.
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