Tag: valuation tools

Comparing current equity valuations to prior valuation peaks such as those of 2008, 1999 or any other period is commonplace, but remains an essential...

If someone told you that the President of the United States in 2028 would be a Democrat and a woman from the state of...

In Something Wicked This Way Comes, I provided an in-depth look at how stock repurchases are distorting McDonald’s (MCD) earnings per share and making...

“Valuations are still well below the peak of 1999” say the bulls. They are certainly correct from an absolute basis but we caution that the...

A number of analysts and commentators have been discussing the increasingly high levels of the "Shiller PE", also known as CAPE or PE10, for...

At the December 14, 2016 FOMC press conference, Federal Reserve Chairwoman Janet Yellen responded to a reporter’s question about stock valuations and the possibility...

One of the hallmarks of post-Great Recession recovery has been aggressive stock buybacks. In 2Q16, S&P 500 companies spent $127.5 billion on stock buybacks, down...

A Shot Of Absolute: Fortifying a Traditional Investment Portfolio In the seven years since the financial crisis, most asset prices have experienced significant appreciation, allowing...

Chart 1 in yesterday’s post drew many e-mail responses, some of which were critical.  Critical because the post used a trailing price to earnings...

Recently, I have been collaborating on a research project with Arun Chopra, an experienced investor and good friend who holds a CFA and CMT....