…12-month operating earnings is about 17; its forward P/E (using projected operating earnings) is about 15. The index trades for about 2.6 times book value, according to Morningstar, and about…
Search Results for: value
Herro on 2014, and What Japan Needs To Do Now
…strong past performance of global equities, I believe there is still value in global equity markets,” Herro writes in his fourth-quarter letter to Oakmark shareholders. “Certainly, stocks are not selling…
Nygren on the Value in Financials
Top fund manager Bill Nygren says he’s continuing to find the best value in the market in the financial sector. While the much-maligned sector isn’t the sexiest right now, Nygren…
Great Advice From (And For) Great Minds
…business better so they can earn the greatest return for the longest period of time.” Investors, he says, “are in many ways misled by stock-market volatility. The values of the…
The Piotroski Model: Little-Known Strategist, Big-Time Rewards
…companies that had high book/market ratios — i.e. the type of unpopular stocks whose book values (total assets minus total liabilities) were high compared to the value investors ascribed to…
Nygren Talks Value, Opportunity, And The End Of QE
Worried about the end of quantitative easing? Top fund manager Bill Nygren isn’t. In an interview with MoneyLife’s Chuck Jaffe, Nygren says that his firm’s five-year-holding-period, value-focused, bottom-up approach means…
OSAM on the Efficient Market Myth
…has used to beat the market, like value and shareholder yield (dividend yield plus buyback yield). On top of those, OSAM overlays a “quality” test. “To replace market cap in…
Why Buffett Is Not The World's Best Value Investor
Warren Buffett is often called the greatest value investor in the world. But in his latest column for Forbes.com, Validea CEO John Reese takes issue with the notion. “My issue…
The Gurus Find Value In An Overlooked Industry
In a recent piece for Seeking Alpha, Validea CEO John Reese says to forget the “bubble” talk — he says values remain in the stock market, and he highlights one…
Greenblatt's Winning Formula: More Discipline than Magic
…simple, common sense investment theory. As Greenblatt explains, the two-step formula is designed to buy stock in good companies at bargain prices — something that other great value investors, like…