Curreen Capital: Fortrea (FTRE) is an Example of Our “Crazy Cheap” Strategy

2 days ago 2

Soumya Eswaran

Mon, February 2, 2026 astatine 8:00 AM CST 3 min read

Investment absorption institution Curreen Capital released its fourth-quarter 2025 Investor letter. A transcript of the missive tin beryllium downloaded here. Curreen Capital Partners reported robust results successful 2025, retuning 10.5% successful Q4 and 30.97% for the afloat year. The steadfast focuses connected investing successful "ugly ducklings", i.e., companies that are good, well-managed, and trading astatine an charismatic price. The steadfast was accordant with its concern plan, and the "ugly duckling" holdings performed good and exhibited coagulated results. Please reappraisal the Fund’s apical 5 holdings to summation insights into their cardinal selections for 2025.

In its fourth-quarter 2025 capitalist letter, Curreen Capital highlighted Fortrea Holdings Inc. (NASDAQ:FTRE). Fortrea Holdings Inc. (NASDAQ:FTRE) is simply a declaration probe enactment that serves pharmaceutical, biotechnology, and aesculapian instrumentality customers. The one-month instrumentality of Fortrea Holdings Inc. (NASDAQ:FTRE) was 1.14%, and its shares gained 7.28% of their worth implicit the past 52 weeks. On January 30, 2026, Fortrea Holdings Inc. (NASDAQ:FTRE) banal closed astatine $16.81 per share, with a marketplace capitalization of $1.553 billion.

Curreen Capital stated the pursuing regarding Fortrea Holdings Inc. (NASDAQ:FTRE) successful its 4th fourth 2025 capitalist letter:

"Curreen Capital’s show implicit the twelvemonth was chiefly driven by 3 positions: Fortrea Holdings Inc. (NASDAQ:FTRE), Siemens Energy, and GetBusy. Fortrea is an illustration of our “Crazy Cheap” strategy: buying fantabulous businesses priced arsenic if their existent struggles volition past forever. These are disfigured ducklings that are particularly unpopular, and their banal prices person often fallen hard for months. I get precise funny erstwhile a banal falls beneath my downside valuation, and arsenic it falls further—specifically, trading astatine a discount of 33% oregon much to my downside valuation—I classify the accidental arsenic “Crazy Cheap”.

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