The Globe and Mail reports in its Saturday, May 17, edition that Lightwater Partners manager Jerome Hass believes Guardian Capital Group is an overlooked stock. The Globe's Brenda Bouw writes that Guardian is one of Canada's largest independent fund managers. Mr. Hass has owned the stock since 2009. Guardian is Mr. Hass's longest-held position. Mr. Haas says in a note: "In the aftermath of the 2008 global financial crisis, Guardian's market cap was trading at a 25-per-cent discount to the value of cash and securities held on its rock-solid balance sheet. Fast forward 16 years, after a major asset sale in November, 2022, Guardian is sitting on $1.2-billion of cash and securities ($49.11 a share versus a $40 share price) on its balance sheet, a 23-per-cent discount to its market cap. We don't see the discount widening beyond this level. In times of uncertainty, it's reassuring to have this safety net for Guardian investors. A 4-per-cent regular dividend yield also helps. We last added to our position in July, 2023." The Globe reported on April 25 that Scotia Capital's Phil Hardie rated Guardian "sector outperform." It was then worth $41.37.