I mentioned in my 2024 vision and outlook that I wanted to start infrequently doing a series where I just took a company or, preferably, an entire sector that’s trading at a really low multiple and asked “What’s going on here?” with the hope of sparking a conversation and maybe learning a little bit more.
I found this recently with banks. Until a few weeks ago there were some regionals with stunning earnings growth and conservative asset-to-equity ratios with PEs of 5. There are still many at 8, which is still an attractive ratio to me. I think a lot of investors are still scared after the SVB fallout, and maybe to a lesser extent 2008.
I found this recently with banks. Until a few weeks ago there were some regionals with stunning earnings growth and conservative asset-to-equity ratios with PEs of 5. There are still many at 8, which is still an attractive ratio to me. I think a lot of investors are still scared after the SVB fallout, and maybe to a lesser extent 2008.
Any good books you would recommend on investing in cyclicals?
This is a good idea for a series; taking the time and taking a wider look. Thanks!
Really great idea! I look forward to seeing what you will write about.
Highly interesting approach