Shares of Cedar Fair (FUN) have drifted down more than 2% in the past half year even as oil prices remained depressed and employment rose. Tom Reynolds, portfolio manager for the Perkins Small Cap Value Fund (JSCVX), said unsettled investors in the amusement park operator will soon be having fun again. 'With lower gas prices and continued employment gains and a lower U6 rate and all that we expect the next 12 months to look pretty good for Cedar Fair as families get out and participate more at the parks,' said Reynolds. The Perkins Small Cap Value Fund has fallen 2.7% so far this year, according to fund-tracker Morningstar. The $1.5 billion fund sports a trailing twelve month yield of 72 basis points. Reynolds is also bullish on shares of Simpson Manufacturing (SSD), up over 2% year-to-date, calling it a 'classic Perkins company' because of its $248 million cash stockpile and lack of debt. Simpson also pays a dividend of 1.8%. 'The balance sheet is fantastic. It is directly related to residential construction in the U.S. and through the housing crisis did not cut its dividend,' said Reynolds, adding that it is a 'nice, stable way' to take advantage of the recovery in housing.
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