Only Eight U.S. Companies Pass Jefferies’ Graham & Dodd Screener

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Rupert Hargreaves
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With global equity markets pushing to new highs around the world, analysts at Jefferies set out last month to gauge how cheap or expensive the equity markets really are, by conducting a dispassionate search for value in the US. Jefferies’ analysts used the approach that Benjamin Graham and David Dodd created and revealed in their classic textbook, ‘Security Analysis’. Analysts ran two screens, firstly, a ‘defensive’ portfolio based on US large caps with a long-term record of profitability and strong financial conditions. Secondly, a more ‘aggressive’ screen, with a number of the criteria ‘relaxed’ — along the lines of Graham…

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk