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- Replacement Candidates for David Merkel's Portfolio: From AA to ZZ [view article]
- What's Wrong with Today's Value Investing? [view article]
- Some Energy Stocks Burn Brighter Than Others [view article]
- Wall Street Breakfast: Must-Know News [view article]
- Exxon Joins Competitors in Moving Away from Gas Station Ownership [view article]
- UK Pension Fund Is Going Green [view article]
- Barron's Banks on $100 Oil [view article]
- Recent World Events Are Bullish for Metals [view article]
- Hayward and Butler Comment on Speculation in Oil Markets [view article]
- Some Big Oil Getting Bigger and Better [view article]
- BP CEO: Three Oil Myths [view article]
- Wall Street Breakfast: Must-Know News [view article]
loading ...Recent BP Articles
- Replacement Candidates for David Merkel's Portfolio: From AA to ZZ
- What's Wrong with Today's Value Investing?
- Wall Street Breakfast: Must-Know News
- UK Pension Fund Is Going Green
- Some Energy Stocks Burn Brighter Than Others
- Barron's Banks on $100 Oil
- Reasons to Love 3-Digit Oil
- Wall Street Breakfast: Must-Know News
- Exxon Joins Competitors in Moving Away from Gas Station Ownership
- Recent World Events Are Bullish for Metals
- Full List of Articles »
Replacement Candidates for David Merkel's Portfolio: From AA to ZZ [view article]
very silly article-no value unless some has a week of time to review. ReplyReplacement Candidates for David Merkel's Portfolio: From AA to ZZ [view article]
David, In late January you liked VSH. Today it is much cheaper, but every quarter they seem to take a new non-recurring charge that turns out to be anything but non-recurring.The stock was moving up from 8.5 to 10.5 and now after a couple of terrible weeks, its back under 9 again. It looks cheap to me, but I don't see any catalyst on the horizon for it to go up. What are your thoughts today on VSH? ReplyReplacement Candidates for David Merkel's Portfolio: From AA to ZZ [view article]
Get serious. If you must own so many stocks just buy IYY and go on vacation. ReplyReplacement Candidates for David Merkel's Portfolio: From AA to ZZ [view article]
Thanks for the list. I a always looking for starting points unique from my own. I will run through on my P & F charts, then start my fundamental analysis. A few on my watchlist are DHR, GPC, TECH, SYY and VFC. For growth, i am watching TSCO and BWLD. ReplyReplacement Candidates for David Merkel's Portfolio: From AA to ZZ [view article]
Why NM David? I know it's highly leveraged, but I think with patience it will shine. My one concern is how the relationship will work between NM and NMP, how the assets will shift and of course, the distribution of profits. That being said, I'm long NM and just think that in this market investors have to be more patient with their speculative holdings. Maybe I'm just willing to hold on longer than you are. I'd like to hear your thoughts. ReplyReplacement Candidates for David Merkel's Portfolio: From AA to ZZ [view article]
Too many to have any value. Not managable ReplyReplacement Candidates for David Merkel's Portfolio: From AA to ZZ [view article]
Why don't you just list every stock in the world? There would probably be some good bets in there some where. ReplyReplacement Candidates for David Merkel's Portfolio: From AA to ZZ [view article]
David...add ANAT to the list. It is the sister company of NWLIA - both controlled by the Moody Family. Also, KCLI is another unappreciated insurer trading below book. Disclosure - I am long both. ReplyReplacement Candidates for David Merkel's Portfolio: From AA to ZZ [view article]
how do you choose your stocks to go long with? Replysack
What's Wrong with Today's Value Investing? [view article]
GreenAB,Good point about multiple contraction. You may be interested in reading what Vitaliy Katsenelson has written about this phenomena during secular range-bound markets. You can check my site, where I've posted about this, or go directly to his site by googling his name. Reply
What's Wrong with Today's Value Investing? [view article]
i consider myself a value investor too.but i guess we´re in a process of transforming valuations.
models rely on todays prices in relation to lets say the last 10-15 years.
but thats too shortsighted.
the market prices dire profits for the coming years.
that makes stocks less attractive.
so if a model would suggest that a pe of 10 is cheap, there´s no law it has to stay that way. it can fall to 7, 5 or 2 - nobody knows.
it´s called pe-contraction and it happende way in the past.
not an easy time for stockpickers... Reply
Detective
Some Energy Stocks Burn Brighter Than Others [view article]
Marc:Although I agree with the tone of your article, do not know if I agree that any big oil plays w. international exposure are LT buys. Believe BP struggle with 50-50 TNK-BP venture in Russia highlights dangers of nationalization policies throughout the world, which exposes Exxon & its int'l sisters to reserve replacement risks, too.
industry.bnet.com/ener.../
My Best,
David J Phillips - Editor, 10qdetective.blogspot....
Contributing Energy Analyst
CNET/BNET
Reply
sack
What's Wrong with Today's Value Investing? [view article]
Marc,I think the problem with a lot of value investors is that they are so focussed on bottom-up analysis (often based on trailing data) that they ignore the relevant macro trends.
Here's one example: a lot of value investors piggybacked on Warren Buffett's holding USG over the last year or two when they saw it had dropped in price. What they didn't consider was the relevant macro trend: in this case, the real estate and residential construction bust. You don't have to have slogged through Security Analysis to know that a company that manufactures sheet rock is not going to have great earnings during a real estate bust; you just have to pay attention to the relevant macro trends and use some common sense.
This is what has separated Ken Heebner from the pack in recent years. Reply
What's Wrong with Today's Value Investing? [view article]
i agree with nickgogerty. When the 10 year Treasuries is giving you 4% and you are getting an earnings yield of 4% (25 PE), why even bother investing in stocks. Buy Treasuries :).You want the earnings yield from the stock to be atleast 2 X yield from treasuries, to qualify as investment.
Reply
What's Wrong with Today's Value Investing? [view article]
first screen set was <25 PE. Since when is a 4% yield (25 PE) in a 3-4% inflationary environment value investing? The first screen assumes a risk premium that is too low for equities. Reply