Value investors are naturally inclined to be sceptical of new trends and promises of future growth. They rather invest in stocks that have a real business that has lots of earnings that are underappreciated by the market. No wonder then that so many value investors have their reservations about green stocks which have come out of nothing and are bid up to sometimes very high valuations based on a promise of strong future growth. Meanwhile, good old-fashioned utility stocks together with energy stocks and mining stocks have largely been ignored by the market and trade at cheap valuations vs. the market and their own history.
Going green as a value investor
Going green as a value investor
Going green as a value investor
Value investors are naturally inclined to be sceptical of new trends and promises of future growth. They rather invest in stocks that have a real business that has lots of earnings that are underappreciated by the market. No wonder then that so many value investors have their reservations about green stocks which have come out of nothing and are bid up to sometimes very high valuations based on a promise of strong future growth. Meanwhile, good old-fashioned utility stocks together with energy stocks and mining stocks have largely been ignored by the market and trade at cheap valuations vs. the market and their own history.