Another day another record close for the S&P 500? Equity futures are pointing in that direction on Wednesday, with tech in the drivers seat after upbeat Netflix results and hopes riding high for Tesla earnings later. Those and other Magnificent 7 stocks have made investors a lot of money, but what about the companies no one wants to own? In our call of the day, Bob Robotti, founder and chief investment officer at Robotti & Co. and managing director at Ravenswood Management Co., discusses the art of investing in unloved, mispriced companies.
“We call ourselves value investors because we’re looking to buy businesses for far less than what the business is worth,” with “excellent growth opportunity,” Robotti told MarketWatch in a recent interview. They hang on where lots of investors get impatient and bail out early if they don’t see share prices immediately rise. “If you’ve identified the right business and done the right research and understand the company, you understand that the earnings power is substantially more, but you know that’s really not manifesting right now,” he said. Robotti, who manages around $900 million in separately managed account and private partnerships, has t …
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“We call ourselves value investors because we’re looking to buy businesses for far less than what the business is worth,” with “excellent growth opportunity,” Robotti told MarketWatch in a recent interview. They hang on where lots of investors get impatient and bail out early if they don’t see share prices immediately rise. “If you’ve identified the right business and done the right research and understand the company, you understand that the earnings power is substantially more, but you know that’s really not manifesting right now,” he said. Robotti, who manages around $900 million in separately managed account and private partnerships, has t …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]