Note: I am reposting this as the conference is ending soon. You might also want to check out some of the following articles about Microsoft that appeared on Value Walk over the past few weeks.
Every Well Diversified Portfolio Should Consider Microsoft Stock Value
Why We (Still) Own Microsoft
Skype: Rags to Riches of eBay and Microsoft
Why I Sold Microsoft
Abacab Fund Sees Mispricing In Options As Black-Scholes Has Become “Inadequate”
Abacab Asset Management's flagship investment fund, the Abacab Fund, had a "very strong" 2020, returning 25.9% net, that's according to a copy of the firm's year-end letter to investors, which ValueWalk has been able to review. Commenting on the investment environment last year, the fund manager noted that, due to the accelerated adoption of many Read More
I ran a contest last month which I thought was pretty successful, so I am going to do another one.
Question: Is Microsoft a value stock or value trap? Why? (Disclosure: No position)
You do not need to do a full formal write up, the answer that gets the most votes from the audience wins. This will make it more objective than last contest.
To vote for the best answer click “like” on it; you can vote more than once. In the case of any tie I will pick between the winners. You can use information from other blogs/write-ups as long as no copyright infringement is committed.
Since, I recognize this contest is a bit harder the prize will be two new print books: Accounting for Value by Stephen Penman. Stephen Penman is George O. May Professor of Accounting at the Columbia Business School. He is the author of “Financial Statement Analysis and Security Valuation“, for which he received a Wildman Medal Award, and an editor of the Review of Accounting Studies. Stephen recently wrote a (very popular) guess column on Value Walk, titled Benjamin Graham’s Accountant.
The book weaves together important themes, conceptual understanding of the nature and usefulness of accounting in valuation. Additionally, Penman updates Benjamin Graham’s philosophy by incorporating changes in the economy, accounting, and financial modeling.
The other book is The Big Secret for the Small Investor: A New Route to Long-Term Investment Success by Joel Greenblatt. Joel Greenblatt probably does not need an introduction, but if you are unfamiliar with him check out Value Walk’s https://www.valuewalk.com/joel-greenblatt-resource-page/
To submit an answer simply leave it as a comment below.
The contest ends on June 30th,2011 at 11:59PM EST. Anonymous entries are allowed. Once the contest is over I will contact the winner for their mailing address.