Chris Mayer VIC Pitch: Long CHMI And KWEVW Staff
Chris Mayer is the managing editor for Agora Financial, one of the largest publishers of independent financial advice. He is the editor and founder of Capital & Crisis, a newsletter focused on global value investing. He is the author of World Right Side Up: Investing Across Six Continents, and has appeared on CNBC and Fox News.
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Highlights from Chris Mayer’s presentation
Chris Mayer runs 2 newsletters.
C – cheap
O – owner operator
D – disclosures are good
E – excellent financial condition
Idea: Cherry Hill Mortgage Investment Corp (NYSE:CHMI)
Mortgage REIT with 10% yield.
Has an operating partner.
BV 21.5 stock $19
Comps trade at 1.3x book HLss NRZ
2) Kennedy Wilson Europe Real Estate PLC (LON:KWE)
Property manager and real estate investor
Feb IPO raised $1700M. Kennedy-Wilson Holdings Inc (NYSE:KW) invested $200m.
NAV is $9.77, stock is $10.5.
Rental growth, price appreciation.
Ireland is Euro HQ of top US Tech companies like Google Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), Facebook Inc (NASDAQ:FB), Twitter Inc (NYSE:TWTR) etc.