The Sweet Aroma of Value Investing
by Michael Levy • ill people still need to W
put gas in their cars and how
cheap are the leaders in that
T
here is a sweet aroma in industry?
the air flowing from many • Will people still need to
individual stocks in almost eat and, if so, how cheap are
every sector of the USA stock mar- stocks in that industry?
ket. The latest stupidity coming • Will people still be
out of the negative mouths of so living in houses in two years
called stock mavens is... “How do time; will their circumstances
we know what a stock’s PE (price change and will they need
to earnings) will be worth in the to move to bigger or smaller
future?” houses... or do you think
Well, there is no doubt that houses are going to disappear?
we are in a recession right now These questions are only
and it may get worse in the com- a small sample of many. They
ing months. However, with PE’s at may seem a little dumb to a
historical lows, only folks who be- six year old but clever experts
lieve the end of the world is near are giving their negative slants
will talk about PE’s that may never as though people are going
go up again. After all is said and done, to stop enjoying themselves with all
here are a few examples, from many
With six billion people in
the modern day trappings. Money
questions, which a six year old will may be only the icing on the cake
have no difficulty answering but which
the world ... Will people in
for describing a successful lifestyle
may stump clever negative experts who
work stop buying comput-
but people will always have a sweet
cannot see the woods for the trees. tooth.
ers and cell phones? Also,
Most folks will still have a job in
• ith three million people in the W
who are the companies
six months time and the mayhem and
USA... Will digital TV take the place of confusion will pass. The smart people
analogue TV in February 2008? If so,
that make the best? Also
who understand you have to time the
which companies make the insides of
the flat screen TV’s and how low are
who are the companies
market to buy low and sell high will
be enjoying the aroma of prosperity
their stock prices?
that provide the best ser-
that started when they bought stocks
• ith six billion people in the W
world ... Will people in work stop buy-
vice and do any pay good
from a low point and averaged down
if the stocks went lower... They also
ing computers and cell phones? Also,
dividends?
understand when to sell them when
who are the companies that make the the stocks reach a level that they
best? Also who are the companies that are satisfied with, without waiting
provide the best service and do any pay for a home run. The time to sell is
good dividends? usually when the doom and gloom
experts all start to say it is time to buy
because the future looks bright and
>“>i“Ê>iÀÞ
the PE’s are trading at the low level of
18 times future earnings... Enjoy The
Sweet Aroma of Value Investing!
International talk show host,
Michael Levy is the author of eight
inspirational books. His new book
Paradise Graces A Simple Mind will be
™x{°{Çx°£™{™
published next month by a top notch
publishing company. For more infor-
mation, go to www.pointoflife.com.
50 Broward County
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