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Table of Contents
What is Bargain or Value Pick?
Who all need this package and the Capital required
Basic Details –Bargain Stocks Package
Payment Mode and A/C details
HBJ Capital’s support to our Clients
Value Picks
ValueinvestingisaninvestmentparadigmthatderivesfromtheideasoninvestmentandspeculationthatBenGraham&DavidDoddbeganteachingatColumbiaBusinessSchoolin1928andsubsequentlydevelopedintheir1934textSecurityAnalysis.Althoughvalueinvestinghastakenmanyformssinceitsinception,itgenerallyinvolvesbuyingsecuritieswhosesharesappearunderpricedbysomeform(s)offundamentalanalysis.Asexamples,suchsecuritiesmaybestockin ,yields,havelowprice-to-earningmultiplesorhavelowprice-to-bookratios.High-profileproponentsofvalueinvesting,includingBerkshireHathawaychairmanWarrenBuffett,havearguedthattheessenceofvalueinvestingisbuyingstocksatlessthantheirintrinsicvalue.
The discount of the market price to the intrinsic value is what Benjamin Graham called the"margin of safety".
Theintrinsicvalueisthediscountedvalueofallfuturedistributions.!!!At"IndianValueInvestors"(IVI)unitofHBJCapitalourfocushasbeenon"findinganoutstandingcompanyatasensibleprice"ratherthangenericcompaniesatabargainprice.
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