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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: MCsweet who wrote (62172)	6/24/2019 6:41:05 PM
From: E_K_S	2 Recommendations Recommended By Mattyice MCsweet Respond to of 78745

I have range traded SENEA a few times but it's difficult even on this last run down to $22.5/share. I got out with a small gain and put that money into BGS another value play. BGS proceeded to hit new 52wk low but at least it pays a dividend while I wait. The whole food sector is selling at value prices but market does not care. Could be we are in a food deflation period. I think I would have just been better off holding my MSFT and adding to that position. I did move about 30% of the portfolio into the S&P 500 about 5 years ago. My value Buys were under performing but as the market hits all time highs, I am working new Buys back into what I think are value stocks (added some UNFI and BGS last week). Probably need to focus on other sectors now. My Vanguard S&P 500 Fund continues to perform well and about 2 years ago, started a small position in the Vanguard Dividend Appreciation Fund. Recently I have been buying Gold stocks (GOLD) and added to FCX (for their gold & copper) thinking those commodities are undervalued. However, last Friday, I took 2% of my cash reserves and started a position in the Vanguard Intermediate Treasury Bond Fund (VFITX) yielding 1.87% and 2% into my Credit Union yielding 2%. Now, I think holding cash may be the best defensive move at least for my 20% cash reserves. I am looking more at special situation (value plays) where there has to be a catalyst/theme that management is doing which creates shareholder value. These take time to play out. Good investing EKS

To: MCsweet who wrote (62172)	6/24/2019 8:37:31 PM
From: Spekulatius	2 Recommendations Recommended By E_K_S MCsweet Respond to of 78745

Using P/B as a value heuristic and asset plays definitely seem to have stopped to work. Growth plays and dividend stocks have done better. I like pipeline stocks as dividend plays and think those may do well in the lower interest rate environment, but they also seem to cycle with energy. E&P have been a disaster, but I think this is more due to capital allocation issues than low energy prices. Similar with mining. A lot of business have become value traps - examples are retail, groceries and many food stocks, as well as anything that resembles a commodity business. It’s pretty important know to look into the future and make a guess what multiple a business might be wroth in a couple of years.

To: MCsweet who wrote (62172)	6/24/2019 11:11:12 PM
From: Paul Senior	Read Replies (2) \| Respond to of 78745

"Value investing (in term of Price/Book) has underperformed the S&P 500 the last 10 years while value investing (in terms of Price/Earnings) has underperformed the last 5 years." "Using P/B as a value heuristic and asset plays definitely seem to have stopped to work." There's a chart of Gurufocus which shows low p/b has outperformed S&P500 over the last five years (not past ten though). Maybe I'm wrong in interpreting, or Gurufocus is wrong. Can't find any comparo charts in a Google search. Do you guys supporting data for your opinions?