Not exact matches
Pictet
Asset Management believes in disciplined active management through bottom - up stock selection and seeks
to identify stocks trading
at a
discount to its calculation of
intrinsic value.
The Capstone strategy seeks
to generate absolute returns over the long term in the attractive
asset class of smaller under - researched companies by building portfolios that have lower than market levels of debt, higher than market levels of profitability, and are trading
at a
discount to their
intrinsic value.
The objective of
value investing is
to purchase
assets that trade
at a
discount to their
intrinsic value.
2008 was the last time in recent memory when were loads of
assets in many
asset classes available for purchase
at a substantial
discount to their
intrinsic value.
There are some
assets for which an
intrinsic value can't be computed, but that is a different question than whether an
asset should be purchased
at a
discount to its
value.
Yet, our stock price does not reflect the
intrinsic value of our
assets and we continue
to trade
at a deep
discount to our cash.»