In the vast landscape of the stock market, there are always hidden gems waiting to be discovered. These are the companies that, for one reason or another, have been overlooked or undervalued by the market, but possess strong fundamentals and catalysts that could drive their stock prices higher. Boyar Research's annual "Forgotten Forty" report highlights 40 such companies, and in this article, we will explore four of them: Uber (UBER), Interactive Brokers (IBKR), Madison Square Garden Sports (MSGS), and Howard Hughes (HHC).



Uber (UBER)

Uber, the ride-hailing giant, has been on a rollercoaster ride since its IPO in 2019. However, the company has been making significant strides in recent years, expanding its services to include food delivery (Uber Eats) and freight (Uber Freight). These new ventures, coupled with its core ride-hailing business, have positioned Uber for strong growth in the coming years. Additionally, Uber's focus on improving its core business and reducing costs has been paying off, with the company reporting its first full-year profit in 2021.



Interactive Brokers (IBKR)

Interactive Brokers, a leading online brokerage firm, has a strong track record of historical growth and profitability. The company's focus on investing in new technologies and providing the lowest fees possible for its customers has given it a significant competitive advantage. With a strong balance sheet and potential for new acquisitions, Interactive Brokers is well-positioned for continued growth. The company's customer base has been expanding rapidly, with over 20% growth in the past year and an average of 26% per year over the past decade.



Madison Square Garden Sports (MSGS)

Madison Square Garden Sports, the owner of iconic sports teams such as the New York Knicks and Rangers, has a strong brand and a loyal fan base. The company's focus on expanding its sports betting and media businesses has the potential to drive significant growth in the coming years. With the legalization of sports betting in more states and the increasing popularity of streaming services, Madison Square Garden Sports is well-positioned to capitalize on these trends.



Howard Hughes (HHC)

Howard Hughes, a real estate development and management company, has a strong portfolio of properties and a solid track record of growth. The company's focus on developing its real estate portfolio and expanding its business has the potential to drive significant growth in the coming years. Bill Ackman, the founder of Pershing Square Capital Management, has taken a massive stake in Howard Hughes, indicating his confidence in the company's prospects.



In conclusion, the "Forgotten Four" companies highlighted in this article represent attractive investment opportunities for those looking for undervalued stocks with strong catalysts. By conducting thorough research and staying patient, investors can capitalize on the potential turnaround or positive catalyst that could lead to improved performance and stock price appreciation. As always, it is essential to remember that investing involves risks, and it is crucial to do your own research and consider your risk tolerance before making any investment decisions.