By Wesley R. Gray, Ph.D., AlphaArchitect, Author, Quantitative Value: A Practitioner’s Guide to Automating Intelligent Investment and Eliminating Behavioral Errors I just took a snapshot of the front page of Yahoo Finance, CNBC.com, and Bloomberg.com: Bloomberg.com @ 1725 ESTCNBC.com @ 1725 ESTFinance.Yahoo.com @ 1725 EST WHO WOULD EVER BUY AN OIL STOCK??? Apparently, nobody. Energy companies as a whole have been blowing up left and right and now sell at a decent discount to the market. Oil specific names are getting killed and they are also getting cheap (at least on an enterprise multiple basis). Of course, cheap things can get a lot cheaper….
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