My firm sold Lloyds TSB Group (LYG) a couple of weeks ago. I still think it’s one of the best run banks in the world, but its exposure to loans underwritten by other banks made us pause and rethink our thesis. LYG has a securitization conduit called Cancara. It uses the conduit to securitize some of the […]
In October, I had a great pleasure to be interviewed by two of my favorite Motley Fools: Philip Durell advisor to Motley Fool Inside Value newsletter and Bill Mann co-advisor to Motley Fool Hidden Gems newsletter. In this in depth interview I discuss everything: economy, stocks I like, international investing, practical application of QVG framework, absolute P/E model and of course my book – Active Value Investing: Making Money in Range-Bound Markets.
Lloyds TSB (NYSE: LYG) is up more than 5% at Wednesday’s open, on the speculation that it will be bought out by Spanish bank BBVA. It’s hard to tell whether this speculation has any substance, since rumors of a Lloyds takeover surface every couple months or so. However, Lloyds is a prime candidate for acquisition for several reasons:
