Not exact matches
Shareholders who held
stock on the date of Bertolini's announcement and
still hold it today have seen the
value of their original stake more than double (compared with the more modest 34 % gain for the S&P 500 during the same period).
So if you drew a horizontal line and call that fair
value like Ben Graham said, and then you draw a wavy line around that horizontal line and call that
stock prices, the market is pitching us opportunities all the time between
stocks that are way below fair
value and way above fair
value, the reason investors don't beat the market has nothing to do with the market is not throwing us pitches in that it's not
still emotional, they are behavioral problem, there's agency problems, there is a lot of other issues going
on but it's not because we're not getting really great pictures all the time.
Given the steepness in skew, calls may offer some of the most attractive ways to be constructive
on U.S.
stocks., while put spreads may offer the best
value for those looking to hedge what is
still a relatively mild pullback.
As a result, in many of our strategies, we are once again finding opportunities in
stocks like Ally Financial, Cummins, and Fiat Chrysler that are cheap
on traditional «
value» metrics while at the same time continuing to hold «growth»
stocks that
still do not trade at an appropriate premium.
The bottom line: In today's economic environment, I would
still favor
stocks over other assets, but I would focus
on pockets of
value within the
stock market, including Asian equities and large, integrated oil companies.
Despite the elevated level of valuations, I'm
still finding good deals among high - quality
value stocks, and remain focused
on high - quality companies with strong competitive positions.
That is one reason why even experienced stockbrokers often sell
stocks while they are
still increasing in
value, leaving money
on the table rather than risking a loss.
On the beauty front, there's SO many good
value sets & exclusives
still in
stock!
The dividends from those
stocks could be enough for you to live
on and the
stocks could
still gain
value.
In the case of dividends, the
value of the
stock still declines by the amount of the dividend paid before it then goes
on to sky - rocket by 50 %.
Tack
on some cost to liquidate and you will
still come up with higher
value than where the
stock is trading.
On the other hand, if you own
stocks that are
still attractively
valued, I wouldn't fear a bear market.
Again, I don't want to harp
on your methods, simply because I use the same one, but I
still believe buying securities when you believe they are properly
valued is market timing, albeit a fairly safe way of doing so when choosing dividend - paying
stocks with a long history of raising EPS and dividends.
(CNBC: Jul 6, 2015) ProShares» Simeon Hyman appeared
on CNBC's «Squawk Box» program to discuss the effect of the Greek crisis
on Europe's economy and to make the case that there is
still value in U.S. and international developed markets
stocks.
Although this is a pretty straightforward idea, it can
still result in wide variations in
value because not everybody will agree
on what the expected future income of a share of
stock will be.
And as promised, a good time to kick - off The Great Irish Share Valuation Project, with the ISEQ
on a breather for the past year (down 0.6 %)(but
still over 40 % off its all - time high, as set nearly a decade ago now), and the Celtic Phoenix offering more opportunity than ever... Long - time readers will be familiar with TGISVP (here's my kick - off posts from 2012, 2013 & 2014), where I attempt to analyse &
value every listed Irish
stock out there (and usually piss off some tired & emotional shareholders in the process).
As bottom - up
value investors, we are
still able to find attractive
stocks on an individual basis in most Asian markets.
«If you are
still picking
stocks using a discount - to - hard - book -
value model or relying
on dividend models to tell you when the
stock market is over or under -
valued, it is unlikely you have enjoyed even average investment returns,» Hagstrom writes.
Obviously, most
value investors have timeframes that are much longer than the average, but I
still think a lot of the language and discussion points I hear are very focused
on short - term data points, events, or catalysts that have lots to do with where the
stock price might go in the next few months, but little to do with the long - term
value of the business.
But now, whenever the blood's rising, I have a written record I can go back & check, plus I know I can also rely
on your eagle - eyed scrutiny: Am I
still valuing stocks with the same consistency, rigour & discipline — or have I drifted?
I remain just as bullish
on the
stock, long - term — the discount to NAV is
still ridiculously large in terms of TFG's liquidity, lack of debt,
value - enhancing tender offers & medium - term NAV performance... not to mention its increasingly attractive alternative asset management biz / platform that continues to grow by leaps & bounds.
Also, for the purposes of tracking, a 6 - 12 mth old valuation will almost always
still be a perfectly adequate indicator of
value (but I recommend you thoroughly update your valuation
on any
stock before actually pulling the buy / sell trigger).
At the same time, the reverse is also true: If a
stock rises 10 %
on New York, but falls 5 % for Canadian investors due to a decrease in the U.S. dollar, a holder of a hedged ETF would
still only see a 10 % rise in the
value of that holding as part of their hedged ETF.
Value traps are
stocks that appear cheap
on all the relevant metrics but the investors could
still lose money as there are some fundamental issues with either the company or the industry.
The company
still holds close to a million acres of land
on the Florida coast and based
on its
stock market
value the company at that time was being
valued at about $ 2000 / acre.
It is
still wise to try and
value a
stock based
on the financial information given but that by no means price action will follow suit.
This doesn't mean I'm actively avoiding the region (with plenty of
value still on offer, in terms of individual markets /
stocks), it just means: i) my European
stock picks are allocated elsewhere in my portfolio — Luxury Goods being an obvious candidate, with the industry predominantly headquartered in Europe (whereas in the US, one could argue Tiffany (TIF: US) may be the only genuine luxury goods company, in the more traditional sense), and ii) despite the Brexit vote, I
still think Ireland (& maybe even the UK) remains the best proxy bet in & for Europe (as I argued in my last post).
Like Wilbur Ross I need to look only at sectors, or individual companies, where the
stock market
value has collapsed, when everyone is running away, dumping the shares, saying there's no chance for this company, no future, get out now while you can
still get a few cents back
on the dollars you invested!
Still, an argument can be made that the continued promotion of Buy - and - Hold has done even greater harm to young investors, who will be experiencing not only big drops in their portfolio
values but the loss of decades of compounding returns that they would have enjoyed
on those amounts had they been able to gain access to realistic guidance
on how
stock investing works in the real world.
Check out my
stock analysis
on Emerson Electric to see why I think it's
still a good
value despite the headwinds.
Personally, I'd rather keep the life insurance, use the cash
values to supplement my investments and / or use the cash
value to pay my income in the years the
stock market goes down (like 2001, 2008, etc) so that I don't end up worse off than when I began because at the end of the day that account can't lose its
value, I can't be sued for the
value of it, I don't need to report it
on my son's FAFSA form for college, AND if I pull money out of it for my son's school, the dividend
still pays the same amount as if I hadn't drawn the money out in the first place (fun fact: that last point isn't something that a northwestern policy does, but new york life and massmutual's contracts do).
Spotify won't want its staff to be transfixed by
stock tickers
on their screens, while investors (labels included, while they
still have their stakes) should stoically surf the waves of «billions added to / wiped off Spotify's
value» stories in response to the share price.