Tag: value trap

Is IBM A Value Trap?

Is IBM A Value Trap?

On its face, International Business Machines (NYSE: IBM) looks very attractive to value investors. The stock trades near its 52-week low after falling 20% since February and currently boasts a 4% dividend yield. IBM also trades at a 10% discount […]

Penman – The Value Trap: Value Buys Risky Growth

Penman – The Value Trap: Value Buys Risky Growth

The Value Trap: Value Buys Risky Growth by  Stephen Penman Also see our interview with Stephen Penman Stephen Penman Columbia Business School, Columbia University Francesco Reggiani [drizzle]Bocconi University Abstract: So-called value stocks earn higher returns than growth stocks on average. However, […]