Guy Gottfried presenting: “A Rare Breed: Cheap Stocks in a Pricey Market” at the 8th Annual Value Investing Congress.
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.”
Brook Asset Management was up 7.27% for the first quarter, compared to the MSCI GBT TR Net World Index, which returned 3.96%. For March, the fund was up 1.1%. Q1 2021 hedge fund letters, conferences and more In his March letter to investors, which was reviewed by ValueWalk, James Hanbury of Brook said returns during Read More
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.