Be cautious of ‘the greatest business in the world’

From Stansberry Investor Hour:

With markets continuing their whipsaw movements, it’s hard to know where the dice will fall… But with the major indexes up almost 2% earlier this week, there are a lot of tea leaves to go over – and a lot of bargains still to be had.

In a choppy week for markets, Extreme Value editor Dan Ferris joins us again to give his take on what this signals for stocks – and in a week where all sorts of quality companies are trading at discounts, where the biggest opportunities can be found.

He’s joined later by Vitaliy Katsenelson, the CEO and Chief Investment Officer of IMA Individual Portfolio Management. Like Dan, Vitaliy is a seasoned value investor – he’s been doing this for 20 years – and he expands on Dan’s No. 1 stated concern for the today’s markets: liquidity. Few companies are well-positioned to ride the liquidity crunch that’s coming – and far more are in for a reckoning. That’s why Dan urges readers to be cautious on even the company he calls “the greatest business in the world” while Vitaliy points to the one company in the drug distribution center that’s “Amazon-proof.”

He’s the man Forbes called “the new Benjamin Graham”… If you’re interested in learning more about Vitaliy’s work as a value investor, read his essays at ContrarianEdge

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