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Value Investing Legend Michael Price - Thinks the Retail Investor Is Ready to Believe in Stocks Again
Posted by: CanadianValue (IP Logged)
Date: January 17, 2013 09:46AM

Michael Price sat down with Tom Keene of Bloomberg for a conversation and made the following comments (and others):

- He thinks the general public is now starting to believe in equities again.
- He mostly looks for value in the small- and mid-cap space because you can get your arms around the valuations.
- He likes FXCM Inc. (FXCM) in the small-cap space.
- Goldman Sachs (GS) at $140 per share is trading at one times book and ten times earnings, he thinks this is fair value.
- He owns a little Bank of America (BAC) and a lot of Citigroup (C). He thinks Citigroup's new management is incentivized to do the right thing.
- He thinks just the Mexican subsidiary of Citigroup is worth $7 per share.




Stocks Discussed: GS, BAC, C,
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Re Value Investing Legend Michael Price - Thinks the Retail Investor Is Ready to Believe in Stocks Again
Posted by: vgm (IP Logged)
Date: January 18, 2013 06:36AM

Outstanding interview. Price has great clarity and insight. Valuable stuff. Thanks.


Stocks Discussed: GS, BAC, C,
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