What's dirt cheap right now?

Quote from peilthetraveler:

Farm land in argentina is dirt cheap. I saw about 1,000 acres for sale for $200k recently.
More...

Is that productive farmland? And is it near transport links, or in the middle of nowhere?
 
Quote from Jesus:

Your wife maybe. No I'm just kidding.




Well I think you could look at very broad things like some of you have (Japanese stocks, German real estate), or you could look at individual securities as most value investors do. There are always some good deals out there, personally I think JNJ is well below it's intrinsic value right now. And of course its a very good business that will be very profitable regardless if we have a double dip recession or a strong bull market. I also like Joseph A Bank (JOSB). They have weathered the economic storm very well, are very well run, have a lot of room to expand and steal market share, and is still cheap imo.
More...

I trade full-time, so I don't really have time to do the due diligence on hundreds or thousands of individual stocks, that's partly why I started this thread - to pilfer ideas :) Also, cheap markets are usually the best places to look for cheap individual stocks.

And I'm about as likely to ever acquire a wife as Elvis is to rise from the dead, so don't worry about that :D
 
Quote from Sell 'em:

I'm bullish on the whole energy complex. There is simply no getting around our expanding need for hydrocarbons.

Interest rates are very cheap, i.e. bonds are expensive.

Hong Kong real estate remains cheap. Think Chinese soil, a real judicial system, and one of the last currencies pegged to the USD.

Count me skeptical of Japanese equities and US real estate. Just because something goes down a lot doesn't mean its cheap. Japanese companies STILL earn single-digit ROEs, and Japan's population continues to age. Things continue to get worse there. US real estate? Detroit??? These cycles are very, very, VERY long. Much too early to be picking a bottom.
More...

If something is cheap enough you don't need "a bottom" to make money - the yield at purchase is going to be at least 10% so you can sit on it forever and earn 3 times as much as govt bonds, even if the market never rallies a cent. You are thinking like a speculator not an investor.
 
Quote from Ghost of Cutten:

My personal pick is Japanese stocks. They are 19 years into a secular bear market, since the all-time high. Lots of very cheap stocks around, with low debt, high cash balances. Price to book is pretty low.
More...

What about Japanese REITs?
 
You must log in or register to reply here.
Back
Top