#-ad_banner-#Famed value investor Benjamin Graham once quipped: “When you can buy a dollar for 40 cents, you don’t have to worry about what the stock market is doing.” That simple credo perfectly sums up the theory of modern value investing — only purchase stocks that are trading at a sizeable discount to their intrinsic value. Graham’s mantra is similar to that age-old Wall Street mantra to “buy low and sell high.” It sounds simple enough, but it is deceptively complex in practice. The truth is value investing can often require leaning against the consensus view and looking for pockets of… Read More
#-ad_banner-#Famed value investor Benjamin Graham once quipped: “When you can buy a dollar for 40 cents, you don’t have to worry about what the stock market is doing.” That simple credo perfectly sums up the theory of modern value investing — only purchase stocks that are trading at a sizeable discount to their intrinsic value. Graham’s mantra is similar to that age-old Wall Street mantra to “buy low and sell high.” It sounds simple enough, but it is deceptively complex in practice. The truth is value investing can often require leaning against the consensus view and looking for pockets of value in less glamorous sectors and not-so-obvious stocks. Other times they’re right in front of your face the whole time. Below, I profile two companies that I think they may just be the most undervalued stocks in America. Cisco Systems, Inc. (Nasdaq: CSCO) Cisco is among the market’s best-known stocks. It’s a dominant firm in a high-margin business. During the past five fiscal years, Cisco’s revenue rose from $36 billion in 2009 to $47 billion in fiscal 2014 — an increase of 31%. Despite the rise in sales, earnings have held steady. Under normal… Read More