Sentences with phrase «at discounts to book value»

Source: The American Association of Individual Investors; * «Campbell Soup Companies» meant those with a long history and that Schloss considered stable and well known Overall, Schloss screened for companies ideally trading at discounts to book value, with no or low debt, and managements that owned enough company stock to make them want to do the right thing by shareholders.
Editor's note: A previous version of this story incorrectly stated that Morgan Stanley shares trade at a premium to its book value and that Goldman Sachs» stock trades at a discount to its book value.
The average dividend yield will be high, and shares may be selling at a discount to their book value.
Kelly Services is also selling at a discount to book value as is Cross Country Healthcare (NASDAQ: CCRN).
With this strategy, value investors try to find companies that the market has overlooked and that are selling at a discount to their book value.
Many sell at a discount to book value.
Even if you find stocks trading at a discount to book value, there's no reason to believe that anyone else will agree with you... later.
On a different note, Berkshire Hathaway probably shouldn't trade at a discount to book value but I'm not sure it deserves its current 1.5 x (approximately) multiple either.
In fact, with a debt to total assets ratio of approximately 98 percent, virtually any bid General Growth receives in today's environment will be at a discount to the book value of its properties, says Suzanne Mulvee, senior real estate economist with Property & Portfolio Research, a Boston - based research firm.

Not exact matches

The firm attributes 30 % to 40 % of its profits to the U.S., and trades at a bigger - than - average 75 % discount to tangible book value.
The company is trading at 35 % discount to its tangible book value.
This large New York — based insurer is cheaper than its Canadian counterparts, trading at about a 20 % discount to book value.
These 10 trade at a discount to comparable North American stocks within their industries, based on an evaluation of their trailing 12 - month price - to - earnings and price - to - book values.
As a result AIG consistently trades at a substantial discount to book value.
While most companies trade either at a premium to book value or a discount to book value based on their industry, these premiums tend to remain range - bound.
The stock trades at just about 11 times its expected earnings for next year — and it trades at the widest discount - to - book value of the major banks.
Since 1995 the average ratio between Russell 1000 Value and Growth price - to - book (P / B) ratios has been 0.45, i.e. value typically trades at a 55 % discount to grValue and Growth price - to - book (P / B) ratios has been 0.45, i.e. value typically trades at a 55 % discount to grvalue typically trades at a 55 % discount to growth.
They've been selling properties at deep discounts to already written - down book values, but at prices high enough to more than justify today's depressed share price.
Meanwhile, metal stocks are selling at an even greater discount, my calculations show, with the S&P Metal and Mining Select Industry Index trading at close to book value and barely 11x earnings.
Based on the price - to - book (P / B) metric, since 1995, value stocks, as defined by the Russell 1000 Value Index, have typically traded at around a 55 % discount to growth stvalue stocks, as defined by the Russell 1000 Value Index, have typically traded at around a 55 % discount to growth stValue Index, have typically traded at around a 55 % discount to growth stocks.
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.
Finally, looking at valuation, European banks traded at a material discount to tangible book value, one standard deviation3 below their historic forward price - earnings multiple, and near a 20 - year low relative to global banking peers as the year came to a close.4 We are also finding select financial sector values in Asia, in both mature, under - earning banking markets like South Korea and Singapore, as well as underpenetrated, growth - oriented markets like China (particularly in insurance) and India (particularly in banking).
The car had 68,000 thousands miles on it, and it had a few dents big and large scratches; so I was able to get it at a huge discount that was way below blue book value, because no one else wanted her.
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But some other authors prefer to set large trade discounts to pursue offline distribution and would prefer to keep the retail discounts to a minimum (or none at all) so they can maintain a certain value ratio for their book.
In fact, at a 75 % discount to growth on price - to - tangible book value — two standard deviations below the average long - term level — value hasn't been this cheap relative to growth since the peak of the» dotcom» bubble.2 But, is this unpopularity permanent?
While most companies trade either at a premium to book value or a discount to book value based on their industry, these premiums tend to remain range - bound.
I've never bought shares, though, unless they were still trading at a significant discount to the thrift's book value.
If we write the PP&E to zero and carry everything else at book value, HRT is worth around $ 2.67, which, while not enough of a discount to get excited about, still offers a 16 % margin of safety.
Still, Boyar feels Bank of America shares sell at a significant discount to book value.
But it also trades at a 28 % discount to book value and is diversified.
In any case, if you're looking to benefit from the discounts to book values that home builders are trading at, XHB is not for you.
I bought into E-L Financial, trading at a 38 % discount to book value and producing very good earnings.
When you want to book a flight on an airline Chase doesn't partner with, you can book through the Ultimate Rewards shopping portal, pay with points at a straight value of one cent per point and get a 20 percent discount off the cash value of your travel for going through Chase.
What the price - to - book - based analysis hints at, however, are the merits of qualities that all value investors share, namely that you focus on qualities about a business as opposed to external factors and that you pay attention to market prices only in so far as they present the opportunity to buy shares at large discounts to what you conservatively estimate are their inherent worth.
As you can see, WGI trades at a meaningful discount to both its estimated liquidation value and its book value.
I couldn't help but take a small position in the company's TARP warrants when the shares were trading at a 50 % discount to stated book value.
And even if it had, it's obvious (from peer ratings, even today) it would now be valued at a substantial discount to book value.
But what this advice fails to take into consideration is the asking price: while HURC trades for its book value, HDNG trades at about a 60 % discount to its book value.
(My book, Findependence Day, is aimed at just these types of investors who want to build low - cost portfolios of ETFs at discount brokerages, but who also value good advice).
With the Chase Sapphire Preferred, Chase gives you the option of booking travel on Chase's Ultimate Rewards travel portal at a 20 % discount (for 1.25 cents value per point), or transferring to travel program partners at a 1:1 ratio, which may allow you to squeeze more value out of your points.
[NB: i) Church House's Argo stake is held by the Deep Value Investments Fund, managed by Jeroen Bos — if you haven't read it already, I can highly recommend his recent book «Deep Value Investing», ii) XXX Capital Management is a well - known European hedge fund, which hasn't publicly disclosed a holding in Argo to date, hence the redaction — Argo management are obviously aware of their shareholding & support, and iii) the letter was based on a GBP 14p share price & a higher GBP / USD rate — at the current 13.875 p price and exchange rate, Argo now trades at a 36 % discount to net cash and investments, and a 47 % discount to net tangible assets.]
This book introduces «value investing» which treats stocks just like cars or clothes — buy stocks at a discount to their intrinsic value.
If an insurer earns 5 % on book value — it should trade at a discount to book.
With share price to tangible book value trading at such a large discount, the margin of safety is sizeable.
This might offer shareholders an opportunity, for example, to realize a major portion of EIIB's current NAV at book value — rather than the 52 % discount implied by the current share price.
Look at all the variables you used when you bought the stock — discounted cash flow, price - to - earnings, price - to - cash - flow, net asset value, price - to - book — and use that information to decide what the upside is if the stock rises and what you stand to lose if it drops.
Most importantly, it is selling at a substantial discount to its book value and net asset value.
Your estimate for each year is running at a substantial discount to book value.
Not only was I buying in at a fabulous discount to book value, but I was getting close to a guaranteed 20 % yield to boot!
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