Core Insights - Mid-America Apartments (MAA) has faced challenges in the Sunbelt markets due to high supply levels, which may have tested investor patience over recent years [1] - The stock is currently trading at one of its highest yields in a decade, indicating potential value for investors [1] Company Analysis - MAA operates in a market characterized by elevated supply, which has impacted its performance [1] - The current yield suggests that the stock may be undervalued, presenting an opportunity for investors looking for income [1] Investment Strategy - The investment approach focuses on identifying undervalued companies with strong balance sheets and management teams, particularly in sectors with long-term growth potential [1] - The strategy combines growth-oriented principles with strict valuation criteria to enhance the margin of safety for investors [1]