Value Investing

Falling rents, asset values and transaction volumes during 2009 have been tough on the real-estate sector and on real-estate investment trusts (will continue to, Fitch still has a negative outlook on the domestic REIT sector for 2010. Happily, things are better in Canada. While… Read More

The clock is ticking. We don’t have much time. That’s not just the opening line of the upcoming season of “24,” it’s the statistical reality of the world’s petroleum reserves. Fact: The world consumes 80 million barrels of oil every day. Read More

Never judge a stock by its share price. Just because a stock trades for $5 does not make it “cheap.” Conversely, a stock that trades for $100 is not necessarily “expensive.” Millions of investors ignore this. Mention a stock and the first question out of most investors’… Read More

Bill Gates evidently made a New Year’s resolution last year — one that he didn’t say much about. Of course, when you’re Bill Gates you don’t have to say much to make the things you resolve happen. In fact, Gates may have only said… Read More

“Give me a lever long enough,” said Archimedes, “and a place to stand, and I will move the world.” If the old Greek were alive today, he might well work for Fluor (NYSE: FLR, $41.95), one of the world’s largest public engineering and construction companies.  Fluor designs… Read More

When there’s no competition for your services, you can pretty much charge whatever you want, advertise as little as you want, and pay dividends to your investors for as long as you like. That’s how defense contractors and refiners have operated for many years, and that’s how… Read More

Today we conclude our three-part series examining the companies with the biggest bank accounts, and whether they are worthwhile investments for the upcoming New Year.   Company (Ticker) Cash/Near Cash General Electric (NYSE: GE) $61.4 Billion Berkshire Hathaway (NYSE: BRK-B) $26.9 Billion Ford (NYSE: F) $25.8 Billion Merck (NYSE: MRK)… Read More