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Vinvesting.com is the leading website for value investors where you can get the latest investment ideas, insights and interviews from great investors like Warren Buffett, Templeton etc. Over the last 70 years, value stocks clocked a 13.4% average annual return, vs. 10.2% for growth stocks, according to Ibbotson Associates. |
Learning to Love Low P/Es Again
By admin - Posted on July 28th, 2008
Stocks such as Gannett and Goodyear Tire seem to have gotten more punishment than they deserve -- while others haven't gotten enough. Some Investment Pros like to gripe about how hard it is to find cheap stocks. But that argument is getting tougher to make, as the market's selloff this year has left more than 100 companies in the S&P 500 trading below 10 times projected 2009 profits, based on a recent computer screen.
Noted value manager Leon Cooperman of Omega Advisors tells Barron's this week that he now feels "like a kid in a candy store."
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