Guest 50centdollars Posted November 27, 2013 Share Posted November 27, 2013 Good article. Never heard of Francois Rochon but I think he is right. http://www.montrealgazette.com/business/Fran%C3%A7ois+Rochon+banks+look+undervalued+based+earnings/9123864/story.html Link to comment Share on other sites More sharing options...
blainehodder Posted November 27, 2013 Share Posted November 27, 2013 I hate to sound like a macro investor... but the forward P/E argument isn't great. Hussman has demonstrated that simple forward P/Es for the market are not very predicative of returns...not to mention the "normal" historical forward P/E is closer to 12 (including the dot-com bubble). It is important to note the shift in use from trailing to forward P/Es. http://www.hussmanfunds.com/wmc/wmc070820.htm I agree on his assessment of TSLA and the banks though! Link to comment Share on other sites More sharing options...
Guest wellmont Posted November 27, 2013 Share Posted November 27, 2013 I would say it's totally expected that in a bull market going on 5 years now you would get articles justifying the valuation. Link to comment Share on other sites More sharing options...
Yours Truly Posted November 27, 2013 Share Posted November 27, 2013 Francois Rochon is a fantastic Canadian fund manager, I would recommend reading his annual reports. His track record has been good and has delivered returns of around 15% cagr within the past 20 years. Link to comment Share on other sites More sharing options...
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