Deep Value Quotes

“It seems that the uglier the stock, the better the return, even when the valuations are comparable.”
― Tobias E. Carlisle, Deep Value: Why Activist Investors and Other Contrarians Battle for Control of Losing Corporations

“new breed of activist investors emerged in the wake of the dot-com bust in the early 2000s, chasing the cashed-up failures of the information technology and communications boom.”
― Tobias E. Carlisle, Deep Value: Why Activist Investors and Other Contrarians Battle for Control of Losing Corporations

“The research is clear that value stocks—defined as a low price in relation to some fundamental measure like earnings, book value, or cash flow—outperform glamour stocks, which have a high price in relation to those fundamental measures.”
― Tobias E. Carlisle, Deep Value: Why Activist Investors and Other Contrarians Battle for Control of Losing Corporations

“The research seems to offer a contradictory view. Though they appear intensely unappealing—perhaps because they appear so intensely unappealing—deeply undervalued companies offer very attractive returns. Often found in calamity, they have tanking market prices, receding earnings, and the equity looks like poison.”
― Tobias E. Carlisle, Deep Value: Why Activist Investors and Other Contrarians Battle for Control of Losing Corporations