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Cornelius Chan Blog

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Weekly Bargain Bin Blue Chips Update Q3 Week 8

206 views  2012-08-25 13:52   Tagsblue  chip  bargain  bin  below  book  value 

Blue Chip Stock = minimum market cap 1B + minimum 10/10 continuous years of dividends.
Market Price = book value + premium for future growth.

The Dow closed at 13,157.97 today, down -0.88% from last week. The DJIA is up +100.96% from its 5-year low of 6,547.05 on March 9, 2009 and down -1.35% from its post '09 high of 13,338.66 on May 1, 2012.

Bargain Bin Blue Chips

Meanwhile, the following 6 blue chip stocks are trading below half of price-to-book value: 3 Japanese tech firms and 3 European banks. This week, out of a total of 209 stocks in my blue chip watchlist, 2.9% traded at or below 0.5X book value.

Near-bargain-bin Blue Chips

The following 26 blue chip stocks are trading below 0.8 price-to-book value: 4 from the Americas, 11 from Asia and 11 from Europe. This week, out of a total of 209 stocks in my blue chip watchlist, 12.4% traded below 0.8X book value.

Americas

Asia

Europe

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