Value Investing News

Convertibles issued by many airlines, auto makers, big banks, energy outfits and REITs are trading at deep discounts, and have promising upside.

Warren Buffett is quoted as saying that the airline business in the US “has made no money.” Thanks to a forgettable investment Buffett had made in US Air, he even went so far as to suggest a capitalist should have shot down the Wright brothers during their historic "first in flight" moment.