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• McColl made his name as a bottom fisher, buying distressed banks at giveaway prices.
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Preferred shares are attracting bottom-fishers after a precipitous tumble.
A bottom fisher may attempt to find stocks that the market has undervalued through fundamental analysis. Bottom fishers may also be more active during prolonged bear markets where there may be stocks getting hammered through panic selling. Unfortunately, it's difficult to tell the difference between a bargain and a stock that has fallen for a fundamental reason.