1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Dheeraj Grover
Dheeraj Grover
Articles (493) 

Value Investor Robert Olstein: Market Is Overreacting and His Top Picks

August 10, 2012 | About:

Well-known value investor Bob Olstein, chairman and CEO of Olstein Capital Management, was on CNBC to discuss his views on the stock market, Amazon (NASDAQ:AMZN) and why it is going down, and other attractive opportunities in the market. He said markets overreacted in 2009 and are overreacting now too.

Here are the key things he said:

-- You have to be a drunk to buy Amazon.com (NASDAQ:AMZN). Valuation is too high and there is no free cash flow

-- It is all about free cash flow, free cash flow, free cash flow.

-- There are much better opportunities in the market yielding much higher cash flow yield and selling a very attractive valuations.

-- Market may head to 1600 (S&P) as earnings are strong and a lot of money is sitting on sidelines due to uncertainty. People as usual are overreacting.

-- He just took a position in Cisco (NASDAQ:CSCO) and also likes Bed Bath and Beyond (NASDAQ:BBBY), Macy's (NYSE:M) and Agilent Technologies (NYSE:A).

Here is the video:



About the author:

Dheeraj Grover
I am an individual investor with deep interest in the field of value investing. My ideas and thinking is inspired by highly respected value investors like Ben Graham, Warren Buffett, Walter Schloss, Bill Ruane and Tweedy Browne

Rating: 3.5/5 (8 votes)

Comments

Please leave your comment:


Performances of the stocks mentioned by Dheeraj Grover


User Generated Screeners


nec5555Pat Dorsey Moat 5Y v1
nec5555Pat Dorsey Moat 5Y
alexbernal0$$SharYieldScore
alexbernal0$$FCFScore
alexbernal0$$EarnGrowScore
fluidityinglassShort%20Squeeze%20high%20F,%20
opadovaniP Median2 No DIV
cegdevelopmentthe best managers
cegdevelopmentprof managers
cegdevelopmentguru goals
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat

{{numOfNotice}}
FEEDBACK