Here is a link to an article by Norm Rothery - “Investing by the book”
In his article Norm makes a case for buying companies at their book values and outlines 5 Canadian companies that are trading at approximately their book value. It should be no surprise that all of the companies identified by Norm are currently out of favour and will definitely only suit investors with a long time horizon as it may take the market a while to realize the value of the company.
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2 comments:
here's the other side of the coin when you chase momention (spelling)
http://www.ft.com/cms/s/8107c6de-f24d-11db-a454-000b5df10621.html
While the market won't be relevant to anyone here the lesson will be. This is a lesson I've been getting by reading Contrarian Investment Strategy by David Dreman. I bought a used edition (19840 but it is just a relevant if it was written yesterday.
I find the best measure of the value of a stock is the price to sales ratio.
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