When a management believes that it is acquiring a
business at a larger discount to value than its own stock sells at, we are happy to see our capital spent on acquisitions.
Interesting what you said about 2008 because I brought that up - I think he said he gets his notes
at a large discount like 50 cents on the dollar.
Also, with such a large fall in price after the offering the next offering should
come at a larger discount to the recent market price.
Value investors focus on qualities intrinsic to a business — in lieu of external factors — and they pay attention to market prices only to the extent that they present opportunities to buy
shares at large discounts to estimates of their inherent worth.
That being said I do have the ability to get into the construction or rehab of a property
at a large discount due to direct pricing + connections with builder / contractor subs and its another reason I am thinking of selling and redirecting that money into a new construction home or ground up rehab build.
You've probably heard it dozens of times — you're going through the checkout
at a large discount store retailer and the cashier offers you 10 % off your order with their in - store credit card.
EIX is currently trading
at a large discount compared to its peers, and seems to be a good company with solid fundamentals that is trading at below - market value due to temporary externalities.
If you did convertible
debt at a large discount (say 30 %) and it was done only 2 months before you're talking to a VC they will probably grumble about the discount that the previous investor is getting.
Additionally, sellers were willing to
transact at larger discounts due to the lack of buyers willing to buy at premium prices as a result of the aforementioned volatility.
If you have Warren Buffett like skill, can find good growing companies trading
at a large discount before everybody else does, and a history of 20 % + yearly returns, I advise you to stick with Buffett's contemporary buy - and - hold - forever strategy.
Eyquem Fund LP systematically targets
stocks at the largest discount from their full change ‐ of ‐ control value with the highest probability of undergoing a near ‐ term catalytic change ‐ of ‐ control event.
The author starts by giving a preview of where he will end — with Carl Icahn when he was much younger, where he was buying closed - end
funds at large discounts, and pressuring managers to liquidate the fund.
How to make your own bed for your Spinger Spaniel Bed for your dog To make an inexpensive bed for your dog, buy a foam mattress
topper at a large discount store.
Additionally, MH4U will be
available at a large discount on the 3DS eShop for the next 48 hours to celebrate this announcement: it'll only set you back $ 19.99.
According to Preferred Provider Organizations insurance plan (PPO), you can choose to visit dentists from a preferred supplier
list at a large discount.
In addition, because the premium is all being paid up front, single premium policies generally are
purchased at a large discount as compared to the total premium amount of a straight life policy over a number of years.
The biggest caveat I could share is that you are trading places with someone in a highly illiquid position,
albeit at a large discount ideally.
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.
Value - weighted indexes are continually rebalanced to weight most heavily those stocks that are
priced at the largest discount to various measures of value.
He learned from Ben Graham that the key to successful investing was the purchase of shares in good businesses when market prices were
at a large discount from underlying business values.
In other words, instead of having our investment strategy be centered on buying
businesses at a large discount to their underlying value we are now more interested in buying growing businesses that can double in size at a fair value.
But we have 20 % of the Value Fund invested in US commercial property
trading at a large discount to asset value (via ASX listed trusts), are giving serious consideration to QBE Insurance and News Corporation and searching for others that are not correlated with resource prices or the domestic economy.
Since 1970, their average P / E multiple has been about two - thirds of the S&P, and 90 % of the time utility stocks have sold
at a larger discount than they do today.
That is the main reason China Mobile trades
at a large discount to peers.
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.
When the price is
at a large discount to value, risk is low.
Many of the financials that we own are priced
at large discounts to book value and at mid-single digit P / Es on 2014 earnings estimates.
Though we believe our financial holdings are selling
at large discounts to value, there are two reasons why we are not upping our investment to the much higher portfolio weighting that some of our value peers have.
Consumer Discretionary stocks are trading
at the largest discount to their median P / S ratio.
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.
Any value investor likes to pounce on a stock which trades
at a large discount to asset value.