SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Value Investing

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Paul Senior who wrote (70340)5/15/2022 7:19:51 PM
From: Paul Senior3 Recommendations

Recommended By
E_K_S
petal
Spekulatius

  Read Replies (1) of 71228
 
C: As an example of how I will use the site mentioned previously I offer this:

I read somewhere today that somebody said Citigroup (at $47 now) is trading way below book value of $92 (about 60%). So I looked closer, and I see it's trading below tangible book value of $79. Book value has been increasing the past few years. To me, the current stock price in relation to stated/tangible bv provides a margin-of-safety. (maybe to nobody else though -g-). Regardless of that, I guess at some point C might trade at 80% or higher of stated bv, as it has many times before.

This widely-known money-center bank trades at a forward p/e of 7 (Yahoo), and has a dividend of 4.3%. Apparently not a fun stock or business and apparently not a great management team either.

I look at the site I mentioned to see who's holding:

Activist investor ValueAct at 9.4% of their portfolio (They're serious!)
Greenhaven Associates -- never heard of them. I check out what else they own. Usual stocks apparently
Kahn Brothers - the Graham disciples add to their position
Woohoo -- three other guys I mentioned I liked are in it.

Stock is about a couple points above its 12-mo lows. Any insiders buying? I don't see any.

Info is good enough for me. I'm placing an order for a few tracking shares for tomorrow.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext