Tarih: Cmt Mar 19, 2016 8:23 am Mesaj konusu: www.christianlouboutinows.com sdg23r2f
5 Defensive Benjamin Graham Christian Louboutin Flats SaleThe threat of rising inflation is bringing to the forefront defensive value stocks of the Benjamin Graham type. The father of value investing, Graham advised investors to invest with a margin of safety, buying stocks at a comfortable Christian Louboutin Wedges Shoes discount to their fair values, at prices that assure minimal downside risk. This Christian Louboutin Sandals Flats margin of safety protects investors from both poor decisionmaking and market downturns. Empirical evidence shows that value investments have historically outperformed the broader market.
Running a specific valuefocused screen on the dividend stocks with market capitalization above $2 billion and dividend yields above 2%, only 5 dividend stocks Christian Louboutin Bridal Pump met the defined value criteria in the current Christian Louboutin Pumps market environment. The applied criteria in selecting the value plays included: pricetobook ratio below 2, trailing and forward priceearnings ratios below 15x, current ratio at or above 1.5, debttoequity ratio below 30%, return on equity (ROE) above 15%, historical EPS growth above 5% and positive longterm EPS growth, as well as positive dividend growth. Value investors should evaluate the following five stocks, dominated by resource materials plays.
FreeportMcMoRan Gold Copper Inc. (NYSE:FCX), a copper and gold play, has a pricetobook of 1.83. Its trailing and forward P/Es are 11.2x and 8.2x, respectively, with the trailing ratio below that of its peers. FCX's balance sheet is marked by nearly 11% of assets in cash and equivalents, longterm debttoequity of 21%, and current ratio of 3.2%. Its ROE is 18%. The company's EPS grew, on average, by 7.6% per year over the past five years. EPS growth is forecast at 4.7% per year for the next halfdecade. The company's dividend is yielding 3.5% on Christian Louboutin a payout ratio of Christian Louboutin Platforms 38%. Its dividends grew 18.9% over the past year. In our opinion, in addition to value characteristics, this stock has good growth prospects. While gold prices may weaken in the coming period amid a more constrictive monetary policy, the company should benefit from its rebounding output and stronger demand for copper, with global copper consumption increasing 4% annually in the 20132014 period and China's demand rising in the future. Moreover, the company is diversifying into the energy market, announcing acquisitions of two energy companies, Plains Exploration Production Company (NYSE:PXP) and McMoRan Exploration Co. (NYSE:MMR). While the energy deal will cause share dilution and added debt, FCX could benefit in the long run from the acquisitions' strong fundamentals, margins, and cash flow. Point State Capital is bullish about FCX.
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