I'm seeing
small pockets of value.
Not exact matches
The total
value of the Arsenal business is a very
small percent
of the loose change the Mansours and Abramovichs
of this world carry in their back
pockets.
As for the US, I'm sure there's plenty
of smaller value stocks &
pockets of sector
value still available, but I have little interest in searching for them right now.
However, I reckon any overall activist success has been basically swamped by an ongoing (& seemingly perpetual) bear market in
small / micro-cap UK deep
value shares — 50 - 80 % discounts to NAV / intrinsic
value are not that unusual these days, in some
pockets of the market.
Either way, those
values are higher than they were five years ago, when stocks were something
of a bargain, and the Fed said in mid-July that in certain
pockets — biotech and
small - cap stocks, for example — valuations are somewhat «stretched.»
We're at the point now as well where no one combination is vastly superior to the alternatives, but there's enough
value amongst each to win over
small pockets of advocates.
It is appropriate for employers to cover out -
of -
pocket expenses for interns, but if companies were forced to pay minimum wage the
small tasks that interns do (which are normally
of genuine didactic
value) would be redistributed among existing staff and any recruitment
of university leavers would be closed.
Here we will discuss the macroeconomic trends driving the real estate industry, and arm you with the knowledge
of where to find
value in both the primary market and in esoteric alternatives advancing in
smaller pockets of the real estate industry.