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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (70340)5/15/2022 7:19:51 PM
From: Paul Senior3 Recommendations

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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.
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