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
Walmart Inc (WMT) 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 are not currently in our screens, Walmart Inc (WMT). Profile Walmart serves as the preeminent … 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 $ JNJ Johnson … 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) ENPH Enphase Energy Inc -57.83% DG Dollar General … Read More
10 Of The Best Books On Mental Models (Investing) (2023)
Mental models are important for investors because they can help them to make better decisions. For example, an investor who understands the probability and statistics of investing is less likely to make impulsive or emotional decisions. An investor who understands the concept of risk and reward is more likely to … Read More
This Week’s Best Value Investing News, Podcasts, Interviews (9/29/2023)
This week’s best investing news: Jeremy Grantham Talks Bubbles (thereformedbroker.com) Asset Class CAPM (Verdad) Bill Ackman lays out a series of reasons why he’s betting rates keep rising (CNBC) Long-Term Crummy Models (Rudy Havenstein) A Conversation with Jamie Dimon (DEC) Warren Buffett Q&A Transcript || 1994 at UNC (Kingswell) Adapting … Read More
Why Gilead Sciences Inc 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
Investors Have Too Much Focus On The ‘r’ In (1+ r)^n
During their latest episode of the VALUE: After Hours Podcast, Trainer, Taylor, and Carlisle discussed Investors Have Too Much Focus On The ‘r’ In (1+ r)^n. Here’s an excerpt from the episode: Jake: So, that’s what we’re going to get into now, more specifically, is this tuatara. They’re endemic to … Read More
James Montier: Value Investing Provides ‘Behavioral Self-Defence’
During this interview with Schroders, James Montier explains why value investing provides behavioral self-defence. Here’s an excerpt from the interview: Montier: That value approach is inherently long-term and it gives you a margin of safety – and then whether you meet company managements or not is up to you. But … Read More
Jeremy Grantham: Quality Stocks: The Only Free Lunch in the Investment Business
During this interview with The Compound, Jeremy Grantham explained why quality stocks are the only free lunch in the investment business. Here’s an excerpt from the interview: Grantham: Quality has a claim on being the most mispriced characteristic in the marketplace. In the old days we used to be interested … Read More
This Acquirers Multiple Stock Is Undervalued, According To Dalio, Greenblatt, And Asness
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
Mauboussin’s Valuation Approach: A Way to Avoid Overvalued Stocks
During their latest episode of the VALUE: After Hours Podcast, Trainer, Taylor, and Carlisle discussed Mauboussin’s Valuation Approach: A Way to Avoid Overvalued Stocks. Here’s an excerpt from the episode: David: Like, with Nvidia, give them a margin that is 15 basis points, I’m sorry, 15 percentage points higher than … Read More
Howard Marks: In Investing Price Over Quality Every Time
In his 1992 memo, Howard Marks explained why, in investing, price is more important than quality every time. Here’s an excerpt from the memo: The second factor determining whether something will be a good investment is price. Ceteris paribus, given two assets of similar quality, it’s better to pay less … Read More
Mohnish Pabrai: The Power of High Conviction Bets
In this interview with Meb Faber, Mohnish Pabrai discussed the power of high conviction bets. Here’s an excerpt from the interview: Pabrai: Well there’s several that come to mind. The first one that comes to mind would be investing in a place like Turkey. I’ve been going there for about … Read More
The One Stock That Superinvestors Are Dumping: Is It Time to Sell?
As part of the weekly research here at The Acquirer’s Multiple we’re always interested in superinvestors 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, Seth … Read More
Tesla’s Embedded Assumptions: What Investors Need to Know
During their latest episode of the VALUE: After Hours Podcast, Trainer, Taylor, and Carlisle discussed Tesla’s Embedded Assumptions: What Investors Need to Know. Here’s an excerpt from the episode: David: I think Tesla’s a meme stock. I think Netflix is a meme stock. Tobias: Let’s talk about Tesla. Do you … Read More
Mohnish Pabrai: The 3-Year Rule For Cutting Losses
In his book, The Dhando Investor, Mohnish Pabrai discusses the 3-year rule for cutting losses. Here’s an excerpt from the book: When the stock was at $5 in 2003, all Pabrai Funds hoped to accomplish after two to three years was simply break-even or hopefully exit with a small loss. … Read More
David Einhorn: The Other Side Of The Trade: Understanding Your Counterparty
In his book, Fooling Some of the People All of the Time, David Einhorn discusses the importance of understanding your counterparty on the other side of the trade. Here’s an excerpt from the book: Greenlight takes the opposite approach. We start by asking why a security is likely to be … 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
ChatGPT: Is It A Mass Plagiarism Machine Or A Real Advance In Machine Learning?
During their latest episode of the VALUE: After Hours Podcast, Trainer, Taylor, and Carlisle discussed ChatGPT: Is It A Mass Plagiarism Machine Or A Real Advance In Machine Learning?. Here’s an excerpt from the episode: Tobias: Not looking good for the old NFT searches though. I checked the Google search … Read More
Warren Buffett: The Secrets To Our Success
During the 2016 Berkshire Hathaway Annual Meeting, Warren Buffett discussed the secrets to their success. Here’s an excerpt from the meeting: WARREN BUFFETT: But we — Charlie and I are the kind that literally find it interesting in every business — we like to look at micro factors. If we … Read More