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
CanadianValue
CanadianValue
Articles (4624) 

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 - 4 years ago    Report SPAM
Outstanding interview. Price has great clarity and insight. Valuable stuff. Thanks.

Please leave your comment:


GuruFocus has detected 2 Warning Signs with Goldman Sachs Group Inc $GS.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.

Performances of the stocks mentioned by CanadianValue


User Generated Screeners


liuzishuDividend Initiation
pbarker46Dividend Growth
doug.quailLong Term Candidates
bjackscreener nou 3
bjackscreener nou 2
bjackscreener nou
jimshiSP500_rsi_35_AVE200
pbarker46Begin here 3
DBrizan2017sep22 1045p
davidprocidaRuleOne
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