Also in this playlist...
This transcript is automatically generated
It's that chat for a short -- today's move lower just another reminder of of what headline driven volatile market this is but.
Don't let this volatility to keep you on the -- Christ middlemen -- investment officer middlemen Brothers He joins us.
With some names you should be buying right now since He last joined us in September all three of Chris is recommendations have rallied.
12% or more so congratulations on those calls banks thank you very -- We're gonna save the best for last your -- specifically but what do you think of the market today there was conviction on the downside that's dangerous.
I don't think so I think the market today is a reflection of the markets.
Overall for the last twenty years every time you have bad economic news.
People sell it's a reflex and it's not necessarily a smart reflects the consumer confidence number.
The lowest since march of 09 what.
Does that tell you exactly tell if you people don't feel well right now right doesn't mean that's not lagging indicator but -- -- Europe was the news I think -- really weighed more heavily on the market don't you -- and also of course the earnings short blip up but earnings are not bad across the board and -- earnings are coming out.
Good and bad we've seen I think more if you look at the actual flow of -- so far this year we've seen this quarter third quarter earnings coming up better than expected for the most part.
I write -- -- are very optimistic if you think today's.
Selloff was largely consolidation.
Where do you see the market headed now is to come into -- as we finish out the year.
Will we don't try to make any kind of macro economic -- its broad stock market forecasts were really bottom up value investors so.
I don't know if the mark of the higher or lower.
By the end of this year but we do know that there's a lot of the businesses that are trading very cheaply.
And if you try to ignore the noise which we tell people to do you can make money in almost any of our always good to ignore the noise but it's very difficult because it goes against your is it.
Let me start with the stock though that I use all the time because I don't own -- -- but I radical are all the time why do you like -- right now.
-- the car rental companies in general are are good businesses there it's a growing business travel and leisure worldwide is growing you're seeing.
Chinese people Indian people traveling more this is a growing business internationally but.
It's also cyclical business and people get scared when there's an economic contraction -- think travels gonna drop.
These people with these kind of companies going to get hurt but they actually done very well during recessions after 9/11 business drop the cash flow -- They actually have an ability by reducing their fleet size when others can't.
To generate cash during down periods and that's kind of a counter cyclical cushion that we like to ask you very interesting compared to other travel really like it looking like an airline company -- airline company cut harder to manage what you can't you cannot just dump your -- regularly through to these guys can they auction their cars often.
They actually get a nice cushion that protects them during a down -- what about.
Unisys another one of your picks -- put a price target on this be the forty bucks -- is so undervalued 24 dollars or something trading at today.
We instances had a long history of underperformance -- been losing market share to players like IBM and and computer sciences but.
At the business at its core is a good business state they provide mission critical services to major companies and governments all over the world.
The stock was under 143 weeks ago today -- some 2526.
Dollars of almost doubled but.
It looks like it's worth about forty if you just applied a market multiple for this industry about six times ebitda.
About ten times free cash sources there's a lot of upside the fact that the stock was up so much today.
I think is a testament to the fact you can't just extrapolate.
A bad quarter doesn't lead to another bad -- A down stock doesn't mean the stock's gonna keep going down GSI group what is it what it like it is Sizemore for small cap name it's not as well known but it's a good business they make the lasers that are used primarily in.
Filter by section