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
This Week’s 10 Big Named Companies Near 52 Week Lows
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
This Week’s 10 Worst Performing Mega-Cap Stocks Last 12 Months
Over the past twelve months ten Mega-Cap stocks have underperformed all others. Mega-Caps are defined by $200 Billion Market Cap or more. Here’s this week’s top 10 worst performing Mega-Caps in the last twelve months: Symbol Name 1 Year Price Returns (Daily) PFE Pfizer Inc -31.35% BAC Bank of America … Read More
5 Book Recommendations From Ray Dalio
Ray Dalio, the billionaire investor and founder of Bridgewater Associates, has written a number of books including “Principles: Life and Work” which outlines his principles for success in life and business. It’s a highly regarded book and offers valuable insights into Dalio’s unique approach to decision-making and problem-solving. In addition … Read More
This Week’s Best Value Investing News, Podcasts, Interviews (6/2/2023)
This week’s best investing news: Howard Marks – 2023 Value Investing Conference | Keynote Speaker (Ivey) A History of Debt Limits & Defaults (Jamie Catherwood) Charlie Munger on U.S-China tensions: Both sides are equally ‘guilty of being stupid’ (CNBC) Markel Omaha Brunch 2023 (Markel) Berkshire Owns About 25% of Occidental … Read More
Stock In Focus – TAM Stock Screener – Synchrony Financial (SYF)
As part of our ongoing series here at The Acquirer’s Multiple, we provide this feature article titled ‘Stock in Focus‘ where we focus on one of the stocks from our Stock Screeners. One of the cheapest stocks in our Stock Screeners is: Synchrony Financial (SYF) Synchrony Financial, originally a spinoff of GE Capital’s … Read More
The Past Prosperity of Profit Margins
During their latest episode of the VALUE: After Hours Podcast, Weniger, Taylor, and Carlisle discuss The Past Prosperity of Profit Margins. Here’s an excerpt from the episode: Tobias: One of the kind of striking things over the last decade or so has been the persistence of profit margins. You can … Read More
Guy Spier: Warren Buffett’s Instincts Keep Him Out Of Trouble
During his recent interview with Julia La Roche, Guy Spier explained how Warren Buffett’s instincts keep him out of trouble. Here’s an excerpt from the interview: Spier: It was a question at this year’s Berkshire meeting where somebody asked, apparently Berkshire Hathaway got to owning about four or five billion … Read More
Cliff Asness: Equities Are A Scary Place For Investors
During his recent interview with Bloomberg Wealth, Cliff Asness explained why equities are a scary place for investors. Here’s an excerpt from the interview: Asness: OK, first I got to give you the disclaimer. I am the quant geek long and short, so I don’t pretend to be a great … Read More
This Acquirers Multiple Stock Appearing In Buffett, Burry, Pzena Portfolios
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
Here’s Why Japan Provides Great Value Options
During their latest episode of the VALUE: After Hours Podcast, Weniger, Taylor, and Carlisle discuss Here’s Why Japan Provides Great Value Options. Here’s an excerpt from the episode: Jeff: Talk about like Japan. We’re running this stuff this morning, shareholder yield. Yeah, you can talk about Meb Faber. Shareholder yield, … Read More
Terry Smith: One Of The Biggest Problems With Bank Stocks Is Systemic Risk
Earlier this year, Terry Smith wrote an article for the Financial Times outlining his reasons for not investing in bank stocks, one of which included systemic risk. Here’s an excerpt from the article: Smith: Finally, surely there must be some good banks to invest in which are better than the … Read More
Tom Gayner: What Discount Rate To Use On Potential Investments
During his recent Omaha Brunch, Tom Gayner was asked about what discount rate he uses when assessing potential investments. Here’s his response: Gayner: So first, about interest rates and what do we use as a discount rate when we’re looking at making decisions, economic decisions, whether that’s pricing an insurance … Read More
One Stock Superinvestors Are Selling
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
Laptop Warriors Changed The U.S Housing Market
During their latest episode of the VALUE: After Hours Podcast, Weniger, Taylor, and Carlisle discuss Laptop Warriors Changed The U.S Housing Market. Here’s an excerpt from the episode: Jeff: I don’t know. I think what happens is we think about it like home price, because we go to the other … Read More
Warren Buffett: My Strategy For Investing In Banks
During the 2008 Berkshire Hathaway Annual Meeting, Warren Buffett discussed his strategy for investing in Banks. Here’s an excerpt from the meeting: WARREN BUFFETT: Yeah. I don’t think you should make a categorical decision about something like — however you define them — small, mid cap, whatever, regional, or national … Read More
Aswath Damodaran: The Bermuda Triangle Of Valuation
During his recent presentation to the CPA Society of New Zealand, Aswath Damodaran discussed his Bermuda Triangle of Valuation. Here’s an excerpt from the presentation: Damodaran: The three biggest enemies of valuation, and I call this the value… my Bermuda Triangle of valuation. Are bias, complexity, and uncertainty. Let me explain. … Read More
One Stock Superinvestors Are Buying
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
Value Investing Keeps You In Your Lane
During their latest episode of the VALUE: After Hours Podcast, Weniger, Taylor, and Carlisle discuss Value Investing Keeps You In Your Lane. Here’s an excerpt from the episode: Jake: Generally speaking, I’m in my early 40s. The greater part of my cognitive awareness, growth has beaten value. You start to … Read More
Dan Loeb: Preserve Liquidity To Take Advantage Of Markets When They ‘Break’
In his recent Q1 2023 Investor Letter, Dan Loeb explained why he is preserving liquidity and buying power to take advantage of markets when they ‘break’. Here’s an excerpt from the letter: Looking ahead, we see some encouraging signs that inflation is moderating, especially in areas like freight, energy and … Read More
Mohnish Pabrai: Warren Buffett’s 12 Truly Great Decisions
During his recent presentation at The University of Nebraska, Mohnish Pabrai discussed Warren Buffett’s twelve truly great investing decisions. Here’s an excerpt from the presentation: Pabrai: So this year in Buffett’s 2022 Shareholder Letter he had a couple of very candid and great quotes. He said, over the years I’ve … Read More