28 Jun '12, 4am

Jim Chanos teaches us to identify Value Traps

Jim Chanos teaches us to identify Value Traps

Jim Chanos teaches us to identify Value Traps by Drizzt on June 28, 2012 Jim Chanos is bearish and skeptical on a lot of things. Recently, he discusses with Value Walk what he considers as value plays and what are value traps. Value stocks should contain the following characteristics: Predictable, consistent cash flow Defensive and/or defensible business Not dependent on superior management Low/reasonable valuation Margin of safety using many metrics Reliable, transparent financial statements And these are the following traits of value traps: Cyclical and/or overly dependent on one product Hindsight drives expectations Marquis management and/or famous investor(s) Appears cheap using management?s metric Accounting issues In the following Scribd article, he explains them further: 98208144 VALUExVail 2012 James Chanos [Hat Tip Value Walk ] Tagged as: Value Investing Read the ...

Full article: http://thefinance.sg/2012/06/28/jim-chanos-teaches-us-to-...

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