The Acquirer’s Multiple® Valuation Ratio All stocks are picked using The Acquirer’s Multiple® valuation ratio. The ratio examines several financial statement items that other multiples like the price-to-earnings ratio do not, including debt, preferred stock, and minority interests; and interest, tax, depreciation, amortization and capital expenditures. The Acquirer’s Multiple® is … Read More
Aswath Damodaran: The Story Is What Gives ‘Soul’ To Your Business Valuation
One of the finance professors we follow closely at The Acquirer’s Multiple is Aswath Damodaran. Damodaran holds the Kerschner Family Chair in Finance Education and is Professor of Finance at New York University Stern School of Business. Recently, Damodaran did an awesome presentation for the folks at Google on business valuation saying, “Business valuation … Read More
Bruce Greenwald: You Will Do Much Better Investing In Ugly Diseased Stocks Than Glamorous Stocks
One of our favorite finance professors here at The Acquirer’s Multiple is Bruce Greenwald. Greenwald holds the Robert Heilbrunn Professorship of Finance and Asset Management at Columbia Business School and is the academic Director of the Heilbrunn Center for Graham & Dodd Investing. Described by the New York Times as … Read More
TAM Deep Value Stock Screeners – Overnight Market Update – May 16, 2017
The Acquirer’s Multiple® Valuation Ratio All stocks are picked using The Acquirer’s Multiple® valuation ratio. The ratio examines several financial statement items that other multiples like the price-to-earnings ratio do not, including debt, preferred stock, and minority interests; and interest, tax, depreciation, amortization and capital expenditures. The Acquirer’s Multiple® is … Read More
Value Investing Nuggets – Value Investor Insight Newsletter – March 2017
One of the best resources for value investors are the Value Investor Insight Newsletters. The VII newsletter is a value investment publication full of value investing nuggets and interviews with some of the best value investing firms. The newsletter was created by money manager Whitney Tilson and media executive John Heins.
There Are Now More Indexes Than Stocks – Here’s Why
According to a recent Bloomberg article, the number of market indexes now exceeds the number of U.S. stocks. Here’s an excerpt from that article:
John Huber – Short-Termism Provides Value Investors With A Significant Sustainable Advantage
One of the value investors we like to follow closely at The Acquirer’s Multiple is John Huber at Saber Capital Management LLC. Huber writes some of the best shareholder letters for his clients. In his latest 2016 investor letter he wrote a great piece that provides some awesome value investing … Read More
Returns to The Acquirer’s Multiple® Screeners and The Best Value Stocks
[View the story “Week Beginning May 15th, 2017” on Storify]
TAM Deep Value Stock Screeners – Overnight Market Update – May 13, 2017
TAM Deep Value Stock Screeners – Market Update The TAM Deep Value Stock Portfolio fell -0.20% overnight to 13.15%. The Russell 3000 (INDEXRUSSELL:RUA) also fell -0.19% to 10.26%. The TAM Deep Value Stock Portfolio leads the Russell 3000 by 2.89%. In other overnight news from the three TAM Stock Screeners:
George Athanassakos: The Shift Towards Passive Investing Is Creating An Opportunity For Active Investors
One of the academics we like to follow closely at The Acquirer’s Multiple is George Athanassakos. Athanassakos is the Director of the Ben Graham Centre for Value Investing Ivey Business School. He recently wrote a great article that makes the case for why the market needs stockpickers now more than ever. The … Read More
Pzena Investment Management: Investing In The Cheapest Stocks Provides Superior Investment Performance Over The Long Term
One of the investors we follow closely at The Acquirer’s Multiple is Rich Pzena at Pzena Investment Management (Pzena). Pzena recently released its Q1 2017 commentary in which they demonstrate how investing in the cheapest stocks provides superior investment performance over the long term. Here’s an excerpt from the Q1 … Read More
TAM Deep Value Stock Screeners – Overnight Market Update – May 12, 2017
TAM Deep Value Stock Screeners – Market Update The TAM Deep Value Stock Portfolio fell -0.78% overnight to 13.33%. The Russell 3000 (INDEXRUSSELL:RUA) also fell -0.28% to 10.47%. The TAM Deep Value Stock Portfolio leads the Russell 3000 by 2.86%. In other overnight news from the three TAM Stock Screeners:
Value Investing Nuggets – Graham & Doddsville Newsletter – Spring 2017
One of the best resources for value investors are the Graham & Doddsville Newsletters. The G&D newsletter is an investment publication from Columbia Business School (CBS) full of value investing nuggets and is co-sponsored by the Heilbrunn Center for Graham & Dodd Investing and the Columbia Student Investment Management Association … Read More
David Wallack (T. Rowe Price) – How Be A Successful Contrarian Investor
David Wallack is the portfolio manager of the T. Rowe Price Mid-Cap Value Fund and was recently named by Morningstar as the 2016 U.S. Domestic-Stock Fund Manager of the Year. Wallack is known as a contrarian value investor. He recently did a great interview with WealthTrack in which he discusses his contrarian … Read More
TAM Deep Value Stock Screeners – Overnight Market Update – May 11, 2017
TAM Deep Value Stock Screeners – Market Update The TAM Deep Value Stock Portfolio was up 0.49% overnight to 13.83%. The Russell 3000 (INDEXRUSSELL:RUA) rose 0.16% to 10.78%. The TAM Deep Value Stock Portfolio leads the Russell 3000 by 3.04%. In other overnight news from the three TAM Stock Screeners:
Meb Faber – Here’s Why Investors Are Missing Out By Ignoring Total Shareholder Yield
One of the blogs that we follow closely here at The Acquirer’s Multiple is mebfaber.com. Meb provides a lot of great investing insights in his articles. Earlier this year he wrote a great piece on the importance of looking at total shareholder yield instead of simply looking at dividend yield when … Read More
Jeremy Grantham: The Rules Have Changed for Value Investors
GMO Co-founder Jeremy Grantham recently did an interview with Wealthmanagement.com in which he discusses how the world has changed for value investors. He says, “Since 2000, it’s become much more complicated. The rules have shifted. We used to say that this time is never different. I think what has happened … Read More
TAM Deep Value Stock Screeners – Overnight Market Update – May 10, 2017
TAM Stock Screeners – Market Update The TAM Deep Value Stock Portfolio was up 0.88% overnight to 13.12%. The Russell 3000 Index fell 0.08% to 10.60%. The TAM Deep Value Stock Portfolio currently leads the Russell 3000 Index by 2.52%. In other overnight news from the three TAM Stock Screeners:
TAM Deep Value Stock Portfolio Up 12.25%, Outpacing Russell 3000 Index by 1.55%
The TAM Deep Value Stock Portfolio is up 12.25% today outpacing the Russell 3000 Index by 1.55%, since inception. The portfolio has been boosted by the recent Q1 2017 earnings results of Bridgepoint Education Inc (NYSE:BPI), which had a 200% turnaround in Q1 earnings compared to the previous corresponding period, … Read More
Warren Buffett: It’s A Huge Bargain To Buy Stocks Now If Interest Rates Stay Where They Are, Here’s Why
In a recent CNBC interview Warren Buffett said, “The most important item, over time, in valuation is interest rates”. He added, “It’s a huge bargain to buy stocks now if you knew interest rates would stay at this level”. In terms of investing in bonds Buffett said, “Anybody that prefers … Read More