Finding Value in Banks  

Oleh:

Cendrowski, Scott

Jenis: Article from Bulletin/Magazine
Dalam koleksi: Fortune vol. 163 no. 6 (May 2011), page 21-22.
Topik: Investment Advisors; Investment Policy; Mutual Funds
Fulltext: Finding Value in Banks.pdf (23.69KB)

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Perpustakaan Pusat (Semanggi) Nomor Panggil: FF16.45 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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In an interview, Chris Davis, fund manager of Davis New York Venture fund, talked about why he's still buying financials and why he believes he's well-positioned for a comeback. He said financial stocks are the opportunity to buy growth companies in disguise. If a company has the name "financial" in it, it's the F-word. People immediately put a lower multiple on it. For 40 years oil prices tended to trade at a 7-to-1 ratio to natural gas. Now it's at 25 to 1 because so much natural gas has been found. What they like about gas is it's cleaner, it produces less carbon, and they have huge domestic reserves. It's almost certain that the next 10 years will be better than the last 10.

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