This book introduces «value investing» which treats stocks just like cars or clothes — buy
stocks at a discount to their intrinsic value.
Value investors on the other hand want to purchase
stocks at a discount to intrinsic value and are very price sensitive.
Not exact matches
I'm not sure there is much of a place for a strict Graham
value stock, which I define as a
stock trading
at the sharpest
discount to fair
value X with no heed
to whether the
intrinsic value of X is expected
to grow.
We look for
stocks trading
at a substantial
discount to our estimate of
intrinsic value.
I'm not sure there is much of a place for a strict Graham
value stock, which I define as a
stock trading
at the sharpest
discount to fair
value X with no heed
to whether the
intrinsic value of X is expected
to grow.
We then require the
stocks we add
to our portfolio
to be trading
at a substantial
discount to our estimate of that
intrinsic value.
Value investing means I am seeking to purchase stocks that are trading at a meaningful discount to my perception of their intrinsic value — finding the market price is easy, but estimating intrinsic value is
Value investing means I am seeking
to purchase
stocks that are trading
at a meaningful
discount to my perception of their
intrinsic value — finding the market price is easy, but estimating intrinsic value is
value — finding the market price is easy, but estimating
intrinsic value is
value is not.
When you invest in the Ensemble Fund, you are investing in a collection of strong companies that we believe have competitively advantaged business models, talented management teams, understandable businesses and whose
stock prices trade
at a
discount to their
intrinsic value.
Pictet Asset Management believes in disciplined active management through bottom - up
stock selection and seeks
to identify
stocks trading
at a
discount to its calculation of
intrinsic value.
Less visible, but equally impoverishing, are sins of omission: When undervalued, overcapitalized companies fail
to grab a rare opportunity
to buy back
stock at a wide
discount from
intrinsic value.
Value investing is simply buying a stock at a significant discount to its intrinsic v
Value investing is simply buying a
stock at a significant
discount to its
intrinsic valuevalue.
He says this can be OK, provided the company has (1) modest or no net debt, (2) persistent and rising levels of free cash flow, and (3)
stock buybacks
at a
discount to intrinsic value.
Mr. Bobrinskoy: We buy
stocks that we think are trading
at significant
discount to their
intrinsic values.
So the idea is, buy
stocks trading
at a big
discount to their
intrinsic value because of a short - term problem.
In
Value investing skills # 1, we highlighted the «informational edge» to be had through a value approach to investing — that is, buying stocks that trade at a significant discount to their intrinsic v
Value investing skills # 1, we highlighted the «informational edge»
to be had through a
value approach to investing — that is, buying stocks that trade at a significant discount to their intrinsic v
value approach
to investing — that is, buying
stocks that trade
at a significant
discount to their
intrinsic valuevalue.
Ben Graham's system involves four bedrock principles, two of which Charlie Munger introduces here: 1) a share of
stock is a proportional ownership of a business and 2) buy
at a significant
discount to intrinsic value to create a margin of safety.
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.
For example, Buffett's standard on buy backs, whether advocated by an activist or initiated by company management, is as follows: «First, a company [must have] ample funds
to take care of the operational and liquidity needs» and «Second, its
stock [must be] selling
at a material
discount to the company's
intrinsic business
value, conservatively calculated.»
The
intrinsic value is simply the amount by which the
stock's current price is higher than the call strike - it's the current
discount to the
stock's price that you get if you exercise the call, thereby purchasing the
stock at the strike price.
Value Stocks:
Stocks that appear
to be trading
at a
discount to their
intrinsic worth, as measured by various different valuation metrics.
Recognizing our assessment of
intrinsic value could be incorrect or may decline, we buy
stocks with a «margin of safety» or
at a «
discount to intrinsic value»
to protect ourselves.
While in my opinion it is ideal
to do so, there are situations where a company is trading
at such a steep
discount to its
intrinsic value (despite it being a sub-par business) that buying the
stock will prove
to be a viable investment.
Value investors are always looking for stocks that are trading at a discount to intrinsic v
Value investors are always looking for
stocks that are trading
at a
discount to intrinsic valuevalue.
The only true buffer against downside risk is proper
stock analysis and purchasing an equity
at a
discount to it's
intrinsic value.
Furthermore, given the relative stability of the cash flows of the Company's core business, the significant
discount to intrinsic / replacement
value that the
stock currently trades
at, and the strength of the balance sheet, we believe ModusLink should immediately implement a $ 50
to $ 75 million share repurchase program.
The market was irrational enough
to drag down their investment results, but too rational
to offer
stocks at deep
discounts from
intrinsic value.
This presents a real problem, if you don't
at least venture
to determine an
Intrinsic Value for your stock, you have no way of figuring out if a share buyback is at a discount and adding true economic value for your sharehol
Value for your
stock, you have no way of figuring out if a share buyback is
at a
discount and adding true economic
value for your sharehol
value for your shareholders.
to invest
stocks available
at a
discount to their
intrinsic value, through a process of «Discovery».
Stock selection will focus on identifying high quality businesses with attractive prospects that can be acquired
at discounts to intrinsic value.
That's because
to a large extent, successful
value investors never buys
stocks, they buy long term
values at an
intrinsic discount to their earning potential.
This website aims
to inform investors about «
value investing», the art of buying
stocks which trade
at a significant
discount to their
intrinsic value.
Very occasionally, you'll find a
stock with significant proved up / producing reserves / resources that's priced
at a substantial
discount to intrinsic value.
Yet, our
stock price does not reflect the
intrinsic value of our assets and we continue
to trade
at a deep
discount to our cash.»
One implication of this hypothesis is that the
stock prices will never trade
at a
discount or a premium
to the
intrinsic value.