Guy Gottfried On Cheap Stocks In A Pricey Market

Guy Gottfried On Cheap Stocks In A Pricey Market
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Guy Gottfried presenting: “A Rare Breed: Cheap Stocks in a Pricey Market” at the 8th Annual Value Investing Congress.

Guy Gottfried On Cheap Stocks In A Pricey Market

Guy Gottfried of Rational Investment Group kick off the Value Investing Congress second day with a presentation titled: “A Rare Breed: Cheap Stocks in a Pricey Market.”

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Guy Gottfried is the founder and manager of Rational Investment Group, a value-oriented investment fund. Rational employs a risk-averse, research-intensive value methodology to uncover securities exhibiting material upside potential along with minimal risk of capital impairment.

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Guy Gottfried Live Coverage

11:45AM EST: Guy Gottfried from Rational Investment Group starts off Day 2 of VIC.

11:50 AM EST: Gottfried is presenting the long case of WPX Energy Inc (NYSE:WPX) which was spun off from Williams Companies, Inc. (NYSE:WMB) last year. Trades at 8x free cash flow.

12:00 PM: WPX Energy Inc (NYSE:WPX) has higher administrative costs than competitors because of its conservative accounting principles.

12:05 PM: Gottfried says that his bullish take on WPX Energy Inc (NYSE:WPX) is not influenced by the rising natural gas prices. Says WPX is not levered like its competitors are.

12:06 AM: WPX up over 2 percent, trading at $16.83.

12:15 PM: At current share price of $16.4, WPX trades at 0.66x book value, says Gottfried.

Gottfried has finished his presentation, Q&A session starts.

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