Category Archive

[View the story “Week Beginning December 21st, 2015” on Storify]

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[View the story “Week beginning November 30, 2015” on Storify]

[View the story “Week beginning November 23, 2015” on Storify]

Submitted by Valueaki. I am an investment banking associate by trade. I deal with A LOT of private equity firms. They all define themselves as great fundamental value investors that like to back great management teams, etc … As such, it is getting harder to identify true value investors (as … Read More

[View the story “Week beginning November 16, 2015” on Storify]

[View the story “Week beginning November 9, 2015 ” on Storify]

Crazy like a fox:

[View the story “Week Beginning November 2, 2015” on Storify]

[View the story “Week Beginning October 26, 2015” on Storify]

Companies with a negative enterprise value are elusive beasts, highly sought after by deep value investors, but little understood outside that world. Alon Bochman, CFA is an aficionado of the negative enterprise value.  He wrote the following piece for the CFA website in 2013 that neatly explains what they are, and why they’re … Read More

[View the story “Week Beginning October 19th, 2015: Returns to The Acquirer’s Multiple® Screeners and The Best Value Stocks” on Storify]

I had great fun chatting to Stig Brodersen about deep value investing and the acquirer’s multiple. We cover a lot of ground. Get a free list of deep value stocks likely to be targets on The Acquirer’s Multiple. Buy my book Deep Value: Why Activist Investors and Other Contrarians Battle for … Read More

Interesting post out of Wall Street Daily on the efficacy of the acquirer’s multiple by Alan Gula, CFA: The price-to-earnings (P/E) ratio is perhaps the most popular valuation metric used by investors. Pull up any finance website stock quote page, and you’ll find the P/E ratio neatly calculated for you. … Read More

At 7m30s:

Fascinating note from Forbes on the underperformance of Joel Greenblatt’s mutual funds that implement the Magic Formula: [I]nstead of trying to paint Gotham’s year-to-date returns as indicative of any obvious flaw in strategy, it’s likely a far stronger data point to use as a read on the overall market. Its … Read More

Oil’s crash would have been every bit as cruel to Carl Icahn as it was to other investors, except the billionaire had a very important ace in the hole: a little-known refiner and fertilizer maker based in Sugar Land, Texas. Icahn’s 2012 purchase of CVR Energy Inc. has returned more than … Read More