Well-known value investor Robert Olstein of Olstein Funds was on Bloomberg to discuss the U.S. Stock market after the recent run up and where he is still finding value. He lines out the factors he is looking at while zeroing on his select investments.
-- Even after the recent run up there is still lot of value he is coming across.
-- No one can predict where the market will go in the short run and recommends focusing on fundamental value of businesses to find investments.
-- Where he is finding value: finding more value in large tech companies like Microsoft (MSFT, Financial), where you are getting 10% cash flow yield and he doesn't understand why people want to pay such high valuation for Amazon (AMZN, Financial).
-- Electronic traders will be gone in next three years.
-- Retail investor is entering the market now but most of that money is flowing in bond funds and that is where the trouble will be and losses will be incurred.
-- Stocks are much cheaper vs. bonds.
Source and Credit: www.bloomberg.com, Bloomberg
Here is the video:
http://bloom.bg/ShcmMD
-- Even after the recent run up there is still lot of value he is coming across.
-- No one can predict where the market will go in the short run and recommends focusing on fundamental value of businesses to find investments.
-- Where he is finding value: finding more value in large tech companies like Microsoft (MSFT, Financial), where you are getting 10% cash flow yield and he doesn't understand why people want to pay such high valuation for Amazon (AMZN, Financial).
-- Electronic traders will be gone in next three years.
-- Retail investor is entering the market now but most of that money is flowing in bond funds and that is where the trouble will be and losses will be incurred.
-- Stocks are much cheaper vs. bonds.
Source and Credit: www.bloomberg.com, Bloomberg
Here is the video:
http://bloom.bg/ShcmMD
