|
Vinvesting.com is the leading social networking site 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. |
VIC New York : Rick Pzena - Long-Term Value in Freddie Mac
Submitted by admin on Fri, 11/30/2007 - 10:31
Rick Pzena, whose firm, Pzena Investment Management, recently went public, says the mortgage purchaser is still severely undervalued.
Speaking at the annual Value Investing Congress in New York City, Pzena labeled Freddie "the single cheapest stock that I've come across in my career." This isn't because Pzena is bullish on the U.S. housing market (he's not), but because he says Freddie has been unfairly tarnished by the subprime brush that is has afflicted so many mortgage lenders.
»
Post new comment