Value Investing News

Before the 2008 financial meltdown, names like Bank of America (BAC), Citigroup, Inc. (C), U.S. Bancorp (USB) and Wells Fargo & Company (WFC) were held in many dividend growth portfolios. And why not? They paid a good yield and grew their dividend on a regular basis. Now their yields range between 0.5% and 1.7%. There is a lesson to be learned here...

Bi-Weekly list of the top value investing stocks, articles, and ideas, featuring Sears Holdings (SHLD), ITT, Citigroup (C), Travelzoo (TZOO), and PARF.PK

Citi is well positioned to capitalize on globalization with its unique global franchise and assets in approximately 140 countries. The stock is cheap based on my estimate of its normalized earnings power and non-core assets and offers an attractive risk/reward with a margin of safety.

Instead of giving a presentation at the Value Investing Congress, Pershing Square hedge fund manager Bill Ackman engaged in a question and answer session.

David Tepper—whose hedge fund made a killing during the crash by betting the government wouldn’t let the big banks fail—is coming out of the billionaire closet.

Many investors ignore dividend investing, because they associate them with boring unexciting investments which are destined to fall into oblivion.

An interview with Bruce Berkowitz: Why the Fairholme founder finds AIG, Bank of America and Citi very attractive now.

Tilson's Q4 portfolio has been filed. New positions include ATLS, JPM warrants, BKCC, BNCL, FNF, CMG, C, TCX, MSFT, SATS, WEN, KFT, MVC, PFCB, Y, FL, HEK, BGP, WINN, and DLIA.

Fairholme's Q4 portfolio has been filed. New or increased positions include C, BNI, CIT, CMCSK, RF, CMCSA, MI, BRKa, ACF, HUM, WLP, HTZ, SPR, FUR, RRR, JOE, and LUK.

It appears that the pain of the recession is not deep enough to teach Citigroup Inc. (NYSE: C) what it needs to learn.

Citigroup Inc. (NYSE: C) is scheduled to release financial results for fourth quarter before the market open on Tuesday, January 19, 2010. Analysts, on average, expect the company to report net loss of 33 cents a share on revenue of $19.28 billion. In the year ago quarter, the company reported a loss of $2.44 per share on revenue of $5.60 billion.

Yahoo Finance reports that E-Trade Financial is selling a $2.5B stake to a private equity firm (Citadel) and firing its CEO.  It seems that financial writers can make a template with fields like "Company Name," "Amount of Writedown," "Amount of Cash Infusion," "Percent of Stake Sold," and "Name of Ousted CEO," and

* Yahoo! Finance reported on Citigroup's continued fall today, as CEO Chuck Prince resigned and slithered away in shame, the bank announced it would take an addition $8B - $11B in charges from bad debts, and uncertainty remains over the status of yet more debt instruments that don't show up on its financials, but for which it is still on the hook.  Though this posting is not primarily about valuation, I thought it might be useful to consider the following.