Our investment process is both qualitatively and quantitatively intensive. Throughout the course of a year we look at hundreds of companies. Most of them receive only a cursory look – we don’t like the business, the valuation is too stretched, or we simply have no insight into the business. We usually glance at them and move on. But if we really like the business and/or its valuation, we build a model. Often, just from...
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We thought that many readers not subscribed to our business categories would still like to see some of our coverage from Ira Sohn and Value Investing Congress Vegas. We post a lot of value oriented topics under business so if you want to catch those items we post many on Twitter, Facebook, Linkedin, Google+, also this is our business feed RSS. And/or you can sign up for our newsletter and choose business as an option. Value Investing Congress and Sohn...
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By: greenbackd I’m back from the Value Investing Congress in Las Vegas. There were a number of outstanding presentations, but, for mine, the best was Vitaliy Katsenelson’s epic presentation based on his Little Book of Sideways Markets. 12 years into this sideways market, valuations are still 30% above the historical average, while in 1982 they were about 30% percent below average! Also, historically, stocks spent a good amount of time at below-average valuations before...
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With a dearth of value causing investors to reach for yield, some are finding value in unexpected places (Iraq, Kazakhstan, Mongolia, Israel and other countries). Malaysia right now is experiencing significant political turmoil and while the market has rallied on election results, any further strife could cause equities to drop. Regardless of whether stocks fall or not, CLSA has put out a report of the cheapest Malaysian stocks based on Ben Graham Formula. The formula is explained below...
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We recently brought you David Einhorn’s full first quarter letter. Einhorn discusses his Yen short, Apple investment, gold etc. Einhorn is chairman of Greenlight RE which just reported earnings recently. David Einhorn discussed some of the topics in the letter on the call. Below is a transcript of Einhorn’s words and a link to the audio file of the call. David Einhorn Conference Call text and audio below David Einhorn - Chairman Conference Call Thanks,...
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Joel Greenblatt, managing partner at Gotham Asset Management, talks about investment strategy and some of his stock picks, including Apple Inc. Greenblatt also discusses some of his stock shorts, including J.C. Penney Co., and his view on Herbalife Ltd. He speaks with Erik Schatzker at the SALT Conference 2013 in Las Vegas on Bloomberg Television’s “Market Makers.” (Source: Bloomberg) 'Get ValueWalk's Daily Edition By Email and Never Miss Our Top Stories'
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Broyhill Asset Management is out with a new long thesis on Hospira. The value oriented firm goes through a detailed analysis of why they like the stock below is an excerpt followed by the full document in scribd: Executive Summary from Broyhill Asset Management Investment professionals have a knack for transforming simple into complex. It is in our DNA. If we don’t spend countless hours building convoluted models, checking every channel and scrutinizing every...
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By: greenbackd Chris Turner has a guest post at Doug Short’s Advisor Perspectives called When Warren Buffett Talks … People Listen examining Warren Buffett’s favored market valuation metric: Market Value divided by Gross National Product. (I’ve also examined market value-to-GNP several times. See Warren Buffett and John Hussman On The Stock Market, FRED on Buffett’s favored market measure: Total Market Value-to-GNP, The Physics Of Investing In Expensive Markets: How to Apply Simple Statistical Models) Here Chris looks at the metric using the CPI...
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Discussing the state of the economy, and the crash in commodities, with James “Jim” Grant, Founder & Editor of Grant’s Interest Rate Observer. Jim Grant likes two stocks in the private equity industry and believes Ben Bernanke will help drive the price of those firms up. Video and computer transcript below: welcome back. noted economist, jim grant, known for criticizing the fed, he says the central bank’s easy money policy is creating opportunities in...
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Note: this was published at RealMoney on 3/23/2004. This was part two of a four part series. Part One is lost but was given the lousy title: Managing Liability Affects Stocks, Pt. 1. If you have a copy, send it to me. Fortunately, these were the best three of the four articles. The copy I received has no links, so sorry for the lack of links. I hope you enjoy the article. -==-=-==-=–==-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=————————=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=- Stock...
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By: greenbackd Value Line’s Median Appreciation Potential (VLMAP) 2009 Marketwatch’s Mark Hulbert has a great article Finding the best four-year market forecaster examining Value Line’s Median Appreciation Potential (VLMAP), which is the median three-to-five year gain that Value Line’s analysts estimate for the 1,700 stocks they cover. From Value Line October 2010 update: The estimate of the median price appreciation potential is found by first calculating the percentage change between the current price of each stock in...
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