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CanadianValue
CanadianValue
Articles (4562) 

Value Investing Legend Michael Price - Thinks the Retail Investor Is Ready to Believe in Stocks Again

January 17, 2013 | About:
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 (NYSE: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 (NYSE:BAC) and a lot of Citigroup (NYSE: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.



About the author:

CanadianValue
http://valueinvestorcanada.blogspot.com/

Rating: 3.8/5 (5 votes)

Comments

vgm
Vgm - 3 years ago
Outstanding interview. Price has great clarity and insight. Valuable stuff. Thanks.

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