Quick Hits: I combined some fresh capital this month with the cash I had just sitting idle in my Roth and finally pulled the trigger on KMI with the energy giant trading
at an attractive valuation relative to its 52 week trading range.
Not exact matches
If
valuations remain high or increase,
at some point higher yields may make bonds more
attractive relative to equities.
This would alleviate pressure on emerging market assets
at a time when their
valuations have become more
attractive on both a
relative and absolute basis.
Seeks to generate strong
relative returns over a long - term time horizon by investing in companies across the market cap spectrum with strong and / or improving financial productivity
at attractive valuations.
Seeks to generate strong
relative returns over a full market cycle by investing in companies with strong and / or improving financial productivity
at attractive valuations.
With charts like this, looking
at relative valuation, you can expect some «mean reversion» over time and you have to make a judgement about what you think is an appropriate level of premium / discount, and in turn, what you think is an
attractive level.
«With
valuation clustered together, we believe there are
attractive relative value opportunities where companies with different fundamentals are trading
at very similar
valuation levels.»