Sentences with phrase «at a discount to the intrinsic value of»

Buybacks should only be done when it is at a discount to the intrinsic value of the firm.

Not exact matches

Focus on Value: By targeting high - yielding securities at significant discounts to their intrinsic values, we attempt to generate capital appreciation on top of high current income.

«Repurchases - is sensible [allocation of capital] for a company when its shares sell at a meaningful discount to conservatively calculated intrinsic value.

I'm not sure there is much of a place for a strict Graham value stock, which I define as a stock trading at the sharpest discount to fair value X with no heed to whether the intrinsic value of X is expected to grow.

We used the proceeds to purchase names trading at a larger discount to our estimate of intrinsic value.

At the current price of $ 5.56, we believe the market has overly discounted the effects of the lower commodity price environment, giving us an opportunity to buy Glencore at a compelling discount to our estimate of intrinsic valuAt the current price of $ 5.56, we believe the market has overly discounted the effects of the lower commodity price environment, giving us an opportunity to buy Glencore at a compelling discount to our estimate of intrinsic valuat a compelling discount to our estimate of intrinsic value.

- Applying a 3.5 x revenue multiple to WU.com, which is a discount to Xoom's 4.8 x revenue takeover multiple, and 15x EV / FCF to WU's remaining businesses (retail C2C, C2B, and B2B), which is a substantial discount to MoneyGram's 21x EV / FCF takeover valuation, they derive an intrinsic value estimate of ~ $ 33 per share for WU at the end of 2020, offering ~ 72 % upside, or a 3.5 - year IRR of ~ 20 % including the dividend (3.7 % current yield).

GE is trading at a large discount to our estimate of intrinsic value, and we are glad to welcome it back to the portfolio.

Although we have reduced our estimate of SKY's intrinsic value, we continue to remain shareholders, as we believe its standalone business is still trading at a large discount to the company's true worth.

If we buy at a discount to what we believe the business is worth, we will benefit twofold: by the growth of the intrinsic value and the market correction for the discount.

Even with the strong performance during the quarter, both Intel and FedEx still sell at a discount to our estimate of their intrinsic values.

Selling at a significant discount to our estimate of intrinsic value and at only a modest premium to tangible book value, we think News Corp offers a compelling risk / reward profile.

As always, our focus remains on seeking to exploit the market's short - term mindset and to buy businesses trading at a substantial discount to our assessment of their long - term intrinsic value.

We view the recent slowdown in Macau as a temporary phenomenon that has given us the opportunity to own one of the best - positioned global gaming companies at a significant discount to our estimate of intrinsic value.

We look for stocks trading at a substantial discount to our estimate of intrinsic value.

I'm not sure there is much of a place for a strict Graham value stock, which I define as a stock trading at the sharpest discount to fair value X with no heed to whether the intrinsic value of X is expected to grow.

We then require the stocks we add to our portfolio to be trading at a substantial discount to our estimate of that intrinsic value.

Value investing means I am seeking to purchase stocks that are trading at a meaningful discount to my perception of their intrinsic value — finding the market price is easy, but estimating intrinsic value isValue investing means I am seeking to purchase stocks that are trading at a meaningful discount to my perception of their intrinsic value — finding the market price is easy, but estimating intrinsic value isvalue — finding the market price is easy, but estimating intrinsic value isvalue is not.

It is a story of a fund manager who seeks to buy companies that are trading at a discount to their intrinsic value and that have excellent long - term prospects; in other... Continue reading →

If they rate an issuer's credit as higher than the external credit ratings, they are often able to pick up the security at a discount to their perception of it's intrinsic value.

In the examples cited (AZO, NVR, etc...), the cannibalization created value because shares were bought in at discounts to intrinsic value over long periods of time.

When you invest in the Ensemble Fund, you are investing in a collection of strong companies that we believe have competitively advantaged business models, talented management teams, understandable businesses and whose stock prices trade at a discount to their intrinsic value.

The managers calculate the intrinsic value of a lot of small companies, though very few are currently selling at an acceptable discount to those values.

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.

This Intrinsic Value Estimator uses the estimated Free Cash Flow in a 2 - stage Discounted Cash Flow Model (years 10 and 15), to arrive at an estimate of Intrinsic Value.

Less visible, but equally impoverishing, are sins of omission: When undervalued, overcapitalized companies fail to grab a rare opportunity to buy back stock at a wide discount from intrinsic value.

He says this can be OK, provided the company has (1) modest or no net debt, (2) persistent and rising levels of free cash flow, and (3) stock buybacks at a discount to intrinsic value.

The whole premise of value investing lies in purchasing investments at a substantial discount to their intrinsic value.

It is a story of a fund manager who seeks to buy companies that are trading at a discount to their intrinsic value and that have excellent long - term prospects; in other words, it is another story of an immensely successful value investor who launched his fund prior to the year 2000.

As always, our focus remains on seeking to exploit the market's short - term mindset and to buy businesses trading at a substantial discount to our assessment of their long - term intrinsic value.

So the idea is, buy stocks trading at a big discount to their intrinsic value because of a short - term problem.

If you buy a quality business at a big discount to intrinsic value, you get the potential of a double dip — the gap to intrinsic value hopefully closes and then you can also benefit from the company compounding per - share value over a number of years.

Ben Graham's system involves four bedrock principles, two of which Charlie Munger introduces here: 1) a share of stock is a proportional ownership of a business and 2) buy at a significant discount to intrinsic value to create a margin of safety.

They excel at measuring the intrinsic values of companies and waiting patiently until the stocks that they fancy sell at large discounts to those intrinsic values.

For example, Buffett's standard on buy backs, whether advocated by an activist or initiated by company management, is as follows: «First, a company [must have] ample funds to take care of the operational and liquidity needs» and «Second, its stock [must be] selling at a material discount to the company's intrinsic business value, conservatively calculated.»

Buying at a significant discount to intrinsic value (e.g., 25 %) creates a margin of safety.

At TAM, its concentration, whether GC or ITC, is exclusively on outside minority passive investing with deep knowledge of companies and the securities they issue, and also price consciousness in trying to buy at big discounts from intrinsic value for companies with good outlookAt TAM, its concentration, whether GC or ITC, is exclusively on outside minority passive investing with deep knowledge of companies and the securities they issue, and also price consciousness in trying to buy at big discounts from intrinsic value for companies with good outlookat big discounts from intrinsic value for companies with good outlooks.

If the investment is then made at a substantial discount to intrinsic value, then chances of permanent capital loss are minimal.

We then wait for an opportunity to buy shares in them at a discount to our estimate of intrinsic value.

Generally, the firm seeks investment in companies whose securities it believes are undervalued by the market and can be acquired at a discount to its estimate of intrinsic value.

Investing with Montaka provides domestic and international clients the opportunity to benefit from both the value created by extraordinary businesses purchased at discounts to intrinsic value, as well as the decline in value of deteriorating businesses and industries.

Recognizing our assessment of intrinsic value could be incorrect or may decline, we buy stocks with a «margin of safety» or at a «discount to intrinsic value» to protect ourselves.

A Margin of Safety means that a company is «cheap» relative to its intrinsic value; it can be bought at a discount.

But at times, like Munger said, the market allows you to buy some of the largest, most well known companies at discounts to their intrinsic value.

Thus if you purchase with a discount to your intrinsic value (say a margin of safety of 30, 40 or 50 %) it doesn't matter if the share price goes down; in fact this is only an opportunity to purchase MORE of the company at an even GREATER discount.

Then there is Steel Partners (SPLP), a holding company trading at a discount to NAV, where many of the listed companies it holds positions in are, themselves, trading at a discount to intrinsic value; so two levels of discounts.

If its worth so much more than the market price might he not just step up and purchase all the remaining shares at even a 10 % discount to his estimate of intrinsic value?

I wrote about this in detail here — with far too many companies, there's no concept of / attempt at determining a fair intrinsic value, and then opportunistically buying at a discount to this value.

The objective of value investing is to purchase assets that trade at a discount to their intrinsic value.