We’ve launched a new investment firm called Acquirers Funds® to help you put the acquirer’s multiple into action. Acquirers Funds® Our investment process begins with The Acquirer’s Multiple®, the measure used by activists and buyout firms to identify potential targets. We believe deeply undervalued, and out-of-favor stocks offer asymmetric returns, with … Read More
Jeremy Grantham: Beyond GDP: How Technology and Qualitative Growth Can Lead to a Better Future
In his latest paper titled Sustainability Or Bust: The Sheer Impossibility Of Eternal Compound Growth, Jeremy Grantham argues that focusing on GDP growth is not important. Even with a declining GDP due to shrinking population and reduced resource consumption, a high quality of life can be achieved through technological advancements … Read More
Bruce Berkowitz: From Bookmaking to Cash Flow Genius
During this interview with RWH, Bruce Berkowitz says the key to analyzing companies, especially financial institutions, is focusing on their cash flow. He learned this from his and his father’s experience running a bookmaking business. Despite the money he made, Berkowitz observed the destructive nature of gambling. Here’s an excerpt … Read More
The Undervalued Stock That Superinvestors Are Loading Up On
As part of the weekly research here at The Acquirer’s Multiple we’re always interested in investing gurus who hold the same stocks that appear in our Acquirer’s Multiple Stock Screeners, based on their latest 13F’s. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, … Read More
China’s Demographic Timebomb
During their latest episode of the VALUE: After Hours Podcast, Carlisle, Taylor, and Bloomstran discussed China’s Demographic Timebomb. Here’s an excerpt from the episode: Tobias: But you’re pretty bearish on China. What do you think about China? I know you just mentioned Alibaba. But generally, just don’t invest in communist … Read More
Warren Buffett: Don’t Be a Preening Duck: Investor Performance in Bull Markets
In his 1997 Berkshire Hathaway Annual Letter, Warren Buffett recommends investors shouldn’t get overly excited about strong performance during bull markets (periods of rising stock prices). This metaphor compares such investors to a duck who thinks its paddling skills caused it to rise after a heavy rain, instead of recognizing … Read More
Terry Smith: Déjà vu in Stocks: Have We Seen This “Magnificent Seven” Before?
During his latest 2024 Fundsmith Annual Meeting, Terry Smith argues that there’s nothing new under the sun, using movies and stock market trends as examples. Movie plots are recycled, exemplified by the “Magnificent Seven” being a remake of “Seven Samurai”. Similarly, hot stock picks aren’t entirely new either. The “Magnificent … Read More
Warren Buffett – Top 10 Holdings – Latest 13F
One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of time … Read More
VALUE: After Hours (S06 E10): Christopher Bloomstran on Buffett, $BRK Berkshire, Munger, $SPY & China
In their latest episode of the VALUE: After Hours Podcast, Tobias Carlisle, Jake Taylor, and Christopher Bloomstran discuss: China’s Demographic Timebomb Market Frothiness: A 2021-Like Bubble Low-Debt, High-Yield Strategy: Beating the S&P 500 with Selective Investing The Hidden Cost of Share Repurchases: Are Investors Getting a Raw Deal? Buffett’s Cash … Read More
Alphabet Inc (GOOG) DCF Valuation: Is The Stock Undervalued?
As part of a new series, each week we typically conduct a DCF on one of the companies in our screens. This week we thought we’d take a look at one of the stocks that is not currently in our screens, Alphabet Inc (GOOG). Profile Alphabet is a holding company. … Read More
This Week’s Best Value Investing News, Podcasts, Interviews (03/15/2024)
This week’s best investing news: Jeremy Grantham: The Great Paradox Of The U.S. Market! (GMO) The Best Essay (Paul Graham) The DNA of a Warren Buffett Company (Morningstar) Sclerotic Small Caps? (Verdad) David Einhorn – How Passive Investing May Have Created A Bifurcated Market For Value Investors (MM) Howard Marks … Read More
10 Big-Name Stocks Near 52-Week Lows: Are They A Buy?
Over the past twelve months a number of big named companies have been near or below their 52 week low price. Each week we’ll take a look at some of the biggest names currently close to their 52 week lows: Symbol Name Price $ 52 Week Low $ PEP PepsiCo … Read More
Why Gilead Sciences Inc (GILD) Stock Is A Buy? Acquirer’s Multiple Stock Screener Analysis
As part of our ongoing series here at The Acquirer’s Multiple, each week we focus on one of the stocks from our Stock Screeners, and why it’s a ‘buy’ based on key fundamentals. One of the cheapest stocks in our Stock Screeners is: Gilead Sciences Inc (GILD) Gilead Sciences develops and markets therapies to … Read More
The Hidden Cost of Share Repurchases: Are Investors Getting a Raw Deal?
During their latest episode of the VALUE: After Hours Podcast, Carlisle, Taylor, and Bloomstran discussed The Hidden Cost of Share Repurchases: Are Investors Getting a Raw Deal?. Here’s an excerpt from the episode: Christopher: When you had Brewster on a couple of weeks ago, you guys were talking about a … Read More
Aswath Damodaran: Pricing vs True Value: How Most Investors Get It Wrong
During his recent interview with Equity Mates, Aswath Damodaran explained that most people rely on pricing, when it comes to valuing businesses, which is simpler but might not reflect the true value of a business. Intrinsic valuation demands more effort but offers a deeper understanding of an asset’s worth. Put … Read More
Mohnish Pabrai: Gridlock Crippling U.S Progress: Despite Economic Strength, Divided Government Hinders Potential
In this interview at the SumZero Virtual Investor Summit 2024, Mohnish Pabrai discussed his disappointment with the current political gridlock in Congress, and choice of political candidates. He also highlighted the significant potential for the U.S if a more functional government existed. Here’s an excerpt from the interview: Pabrai: I … Read More
Large-Cap Stocks In Trouble: Here Are The 10 Worst Performers Over The Past 12 Months
Over the past twelve months ten Large-Cap stocks have underperformed all others. Large-Caps are defined by $10 Billion Market Cap or more. Here’s this week’s top 10 worst performing Large-Caps in the last twelve months: Symbol Name 1 Year Price Returns (Daily) ALB Albemarle Corp -44.95% ENPH Enphase Energy Inc … Read More
This Acquirers Multiple Stock Is Undervalued, According to Pzena, Marks, Fisher
Part of the weekly research here at The Acquirer’s Multiple features some of the top picks from our Stock Screeners and some top investors who are holding these same picks in their portfolios. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, … Read More
Is Bitcoin a Bubble? The Ski Jump Price Pattern
During their latest episode of the VALUE: After Hours Podcast, Tobias Carlisle and Jonathan Treussard discussed Is Bitcoin a Bubble? The Ski Jump Price Pattern. Here’s an excerpt from the episode: Tobias: Just to pick up on something that we were talking about before. So, I said the dragon king … Read More
Warren Buffett: The Two Most Super-Contagious Diseases on Wall Street
In his 1986 Berkshire Hathaway Annual Letter, Warren Buffett explained that while common stocks can offer significant returns, he is currently not finding any that meet his investment criteria. His strategy involves being cautious during periods of excessive optimism and taking advantage of opportunities when fear is prevalent. Here’s an … Read More
Prem Watsa: Perhaps Trees Grow To The Sky After All – But Call Me A Skeptic!
In his latest 2023 Annual Report, Prem Watsa discussed the tech-heavy NASDAQ significantly outperformed in 2023 and early 2024, raising concerns about a bubble. He also raised concerns about overvaluation in technology and the “Magnificent Seven” (large tech companies) which comprise a record-high share of the S&P 500. Similar concentration … Read More