Chris Mayer VIC Pitch: Long CHMI And KWE

reminiscences of a stock operator pdf

Chris Mayer is the managing editor for Agora Financial, one of the largest publishers of independent financial advice. He is the editor and founder of Capital & Crisis, a newsletter focused on global value investing. He is the author of World Right Side Up: Investing Across Six Continents, and has appeared on CNBC and Fox News.

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Highlights from Chris Mayer’s presentation

Chris Mayer runs 2 newsletters.

CODE strategy:

C – cheap

O – owner operator

D – disclosures are good

E – excellent financial condition

Idea: Cherry Hill Mortgage Investment Corp (NYSE:CHMI)

Mortgage REIT with 10% yield.

Has an operating partner.

BV 21.5 stock $19

Comps trade at 1.3x book HLss NRZ

2) Kennedy Wilson Europe Real Estate PLC (LON:KWE)

Property manager and real estate investor

Feb IPO raised $1700M. Kennedy-Wilson Holdings Inc (NYSE:KW) invested $200m.

NAV is $9.77, stock is $10.5.

Rental growth, price appreciation.

Ireland is Euro HQ of top US Tech companies like Google Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), Facebook Inc (NASDAQ:FB), Twitter Inc (NYSE:TWTR) etc.

Chris Mayer Investing by CODE

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