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Value stocks can go nowhere for years. But when they take off, it’s action stations. That’s certainly the case with two FTSE 100 recovery plays that have been falling for years, despite looking incredibly cheap for most of that time.
Investors in Prudential (LSE: PRU) and Schroders (LSE: SDR) have had a miserable time of it. Until now. Any investor lucky enough to take the plunge just one month ago will have seen remarkable gains. Both are up just over 20% in that time.
If they’d split a £20,000 Stocks and Shares ISA evenly between these two struggling blue-chips in mid-January, they’d now be sitting on around £24,000. When value stocks go, they go.
Prudential’s shares are fighting back
Given that they’re both in the financials sector, it may not be a coincidence that they’re behaving in a very similar way.
But what went wrong for these two in the first place,…
