Value investors get a bad rap. Sometimes, value investing is referred to as “cigar butt” investing, in that picking up cheap, undervalued stocks is equivalent to picking up mostly smoked cigars off of the sidewalk. A good friend and colleague of mine used to call me a “dumpster diver”. Guilty.
Why value? Personally, I hate overpaying. The old Wall Street maxim “buy....More>>>
Hilton Worldwide (HLT) is higher Monday, on the heels of an endorsement from Goldman Sachs.
Analyst Stephen Grambling and his team added Hilton to the firms Conviction Buy list, swapping it out for Marriott (MAR), which it downgraded to Buy, as part of his larger look at lodging real estate investment trusts.
More details from the note:
We remove MAR from the Americas Conviction....More>>>