On CHOW: Does drinking ice water burn calories?
Find Articles in:
all
Business
Reference
Technology
News
Sports
Health
Autos
Arts
Home & Garden
advertisement
advertisement

Global Investor: Blue Chips Are a Bargain.

Newsweek International,  February, 2007  by Biggs, Barton

premiumContent provided
in partnership with
premium

Byline: Barton Biggs (Biggs, the famed Wall Street strategist, is now a hedge-fund manager at Traxis Partners.)

It's a very odd thing. The hundred biggest capitalization stocks on the New York Stock Exchange are doing great by any measure, yet they have never been so undervalued. These blue-chip multinationals are household names like Microsoft and Johnson & Johnson, and they are surely the most intensively covered group of stocks in the whole wide investment world.

Yet, if you ask me, the supposedly hyperefficient capital markets have this asset class priced way too low. ...

Read the rest of this article with a Free Trial at HighBeam Research.