Value Investors: Where Are You Looking Right Now?
Do we have any value guys/gals on the forum?
Given the pandemic related market rout, are you hunting for bargains, or are equities still too richly valued?
I'm personally not a fan of travel & tourism (wish I was paying enough attention to buy some puts when the pandemic started :s )
What about Oil & Gas?
Exxon is down more than 60% from it's 12 month high, and currently sports a P/E of ~10 and pays a handsome 10% dividend (though that might get slashed)
Two executives just purchased 1 million in stock each, so that kind of insider buying is reassuring...
Or does Saudi Arabia make O&G unattractive?
What about some of the non-speculative cloud providers (i.e. not Zoom, Slack, etc.) like Microsoft?
XOM looks like a good opportunity at some point but it still has systematic risk. If the markets keep tanking, so will XOM.
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