Whitney Tilson, the only value investor regularly appearing on the financial networks, was on CNBC again. I guess it is tough for most value investors to appear and be asked to predict where the stock market will close for the day. As always, Tilson handles the unanswerable questions with grace.
In this appearance Tilson makes the following useful observations and a whole bunch more; enjoy the hour with Tilson:
- Still likes Dell (Dell) and Microsoft (MSFT, Financial).
- Every value guy he knows owns some of either Cisco (CSCO, Financial), Oracle (ORL, Financial), Intel (INTC, Financial), HP (HPQ, Financial), Microsoft (MSFT) or Apple (AAPL, Financial) as they are all at least sort of cheap.
- Has looked at HP but preferred Dell because it was just as cheap without the hair on it.
- Less enthusiastic about Dell at $18 than when he bought at $14 but it is still cheap.
- J.C. Penney (JCP, Financial) is 90% a bet on Ron Johnson succeeding, his initial bet was on Bill Ackman.
- Thinks J.C. Penney has a lot of upside through picking off low hanging improvements in operations, that low-hanging fruit is being picked by the two best retailers in the business.
- Admits J.C. Penney doesn’t look cheap on historical earnings.
In this appearance Tilson makes the following useful observations and a whole bunch more; enjoy the hour with Tilson:
- Still likes Dell (Dell) and Microsoft (MSFT, Financial).
- Every value guy he knows owns some of either Cisco (CSCO, Financial), Oracle (ORL, Financial), Intel (INTC, Financial), HP (HPQ, Financial), Microsoft (MSFT) or Apple (AAPL, Financial) as they are all at least sort of cheap.
- Has looked at HP but preferred Dell because it was just as cheap without the hair on it.
- Less enthusiastic about Dell at $18 than when he bought at $14 but it is still cheap.
- J.C. Penney (JCP, Financial) is 90% a bet on Ron Johnson succeeding, his initial bet was on Bill Ackman.
- Thinks J.C. Penney has a lot of upside through picking off low hanging improvements in operations, that low-hanging fruit is being picked by the two best retailers in the business.
- Admits J.C. Penney doesn’t look cheap on historical earnings.
