Carl Icahn got his start as a closed end fund arbitrageur, who would force the managements of the closed - ends funds that
traded at large discounts to NAV, to buy - back their shares.
We used the proceeds to purchase names
trading at a larger discount to our estimate of intrinsic value.
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.
Consumer Discretionary stocks are
trading at the largest discount to their median P / S ratio.
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.
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.
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.
Any value investor likes to pounce on a stock which
trades at a large discount to asset value.
«Individuals are thus better off finding value in the analyst - ignored small cap universe where stock prices are the most inefficient and where companies
trading at large discounts can be found.»
Our losses in Aéropostale prompted us to examine our historical investment record in opportunistic businesses (those that
trade at a large discount to value and have low growth potential).
Finally, closed - end mutual funds that
trade at large discounts to their net asset values are also considered good investments.
Instead, investors should focus on buying businesses that
trade at large discounts to their values.
We seek simple, predictable, free - cash - flow - generative businesses that
trade at a large discount to intrinsic value
With Canada's heavy oil
trading at large discounts again, crude - by - rail activity is starting to heat up in 2018.
Not exact matches
In the first decade of the century, the
large integrated oil companies
traded at an average
discount of between 11 % and 12 % compared to their pure - play competitors, according to a study conducted
at the time by Citi Investment Research and Analysis.
This
large New York — based insurer is cheaper than its Canadian counterparts,
trading at about a 20 %
discount to book value.
Given its strong standing amongst its peers, AXP should not be
trading at such a
large discount.
Light synthetic crude from the oilsands for June delivery last
traded at $ 3.80 below WTI, a
larger discount than Tuesday's settle of $ 3.
Using a data on the portfolio holdings and
trades of a sample of 41,039 individual investors (with demographics)
at a
large U.S.
discount brokerage house during 1991 - 1996, they conclude that: Keep Reading
Larger CEFs and those that
trade at discount receive higher weights.
Large - cap consumer staples companies are
trading at an 11 %
discount to the S&P 500.
The Italian government holds the
largest stake in Enel, and it is
trading at what we think is an unreasonable
discount to the European utility sector.3 The company has a new CEO, nominated by Italy's Prime Minister Matteo Renzi, who has been given a mandate to clean up the corporate structure, drive down costs and drive up earnings.
In 2000, technology stocks
traded at huge valuation premiums; today they sell
at large discounts.
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.
Large cap banks are
trading at a 60 %
discount to the broader market.
Less
trading volume results in
larger bid / ask spreads, and thus bond funds
trade at premiums and
discounts to the actual value of the bonds backing up the fund.
That is, acting on the fact that
larger, well - known companies were recently
trading at steep
discounts to historical prices, portfolio managers dumped their illiquid, ignominious stocks and rushed into these more popular but depressed stocks.
In short, you'd have the opportunity to 1) capture a double - digit annualized yield or 2) pick up a high quality dividend growth stock
at an even
larger discount than what it's already
trading for.
Not only are the put options designed to protect during a bear market, the puts are also designed to be a source of capital for re-investing into the markets when the markets are
trading at a
discount after a
large bear market sell - off.
While the management fees of ETPs trend down, so do
trading costs — many
discount brokerages now offer commission - free
trading of a
large selection of ETPs if held in the account for
at least 30 days.
The problem is that robos tend to include more «esoteric» funds, ones that not only
trade with a
larger spread between bid and ask prices (translation: higher cost to you), but also
trade at a
discount or premium to the underlying assets in the ETF (translation: higher costs to you if the manager buys
at a premium or sells
at a
discount to asset value).
However, if there are
large amounts of buying or selling of one ETF, it can
trade at a premium or a
discount to its holdings.
Value stocks» outperformance is even more pronounced for small and mid cap companies, because they tend to
trade at even bigger
discounts due to illiquidity and lack of analyst coverage, as well as being able to achieve higher growth rates than
larger companies.
The title is a nod to Benjamin Graham's landmark 1932 Forbes article, Inflated Treasuries and Deflated Stockholders, where he discussed the
large number of companies in the US then
trading at a
discount to -LSB-...]
Options
trading, too, is offered
at rock - bottom pricing, with just a 70 cent charge per contract and no base (minimum $ 1 per order), plus
discounts for
larger volumes.
We took a brief look
at the recent
trading volume data (you can access this data here) published by one of the
largest discount brokerage firms in the US, Interactive Brokers (ticker symbol IBKR).
Further
discounts are available for investors with even
larger accounts, including $ 6.88
trades for investors with over $ 500,000 invested
at HSBC and $ 6.95 per
trade offered to CIBC customers with over $ 100,000 invested.
Domestic oil prices
trading at a steep
discount to global benchmarks because of pipeline limitations, and the uncertainty overhang from NAFTA negotiations alongside the risk of steel and aluminum tariffs (Canada is the world's
largest supplier of both metals to the U.S.) has restrained investment activity.
With share price to tangible book value
trading at such a
large discount, the margin of safety is sizeable.
The title is a nod to Benjamin Graham's landmark 1932 Forbes article, Inflated Treasuries and Deflated Stockholders, where he discussed the
large number of companies in the US then
trading at a
discount to liquidation value:
Which puzzled me for some time after... Surely activists are a harbinger of a market bottom, when assets / businesses are
trading (on average)
at substantially
larger discounts?
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.
The
larger REITs have seen
large buying for yield seekers, ETFs and asset allocators that has driven the valuation of
large REITS like Simon Properties (SPG) and Mr. Zell's own Equity Residential Properties (EQR) prices up to 2 times book value and higher, while many of the smaller ones have languished and
trade at discounts to their asset value.