An 'Opportunist' Sees Bargains in Uber, Markel — Barron's

What happened

Jonathan Boyar, a principal in Boyar Value Group, describes a strategy of buying stocks for less than his team believes their businesses are worth. The article says the firm’s latest annual Forgotten Forty list included Walt Disney, Uber Technologies and CVS Health.

Confirmed

Global impact / market context

A stock trading below an investor’s estimate of a company’s worth may offer potential upside if the business performs as expected and the market eventually recognizes that value. But the article gives no valuation figures or specific reasons for including Uber, so it does not establish that the shares are mispriced.

Analyst inference

The supplied article presents Boyar Value’s approach as value investing, meaning seeking shares priced below an estimate of business worth, while allowing for growth stocks at a discount. Its mention of Uber is a research idea, not evidence of a company announcement or changed business outlook.

Analyst inference

What to watch

1. Look for further detail on why Boyar Value included Uber in its most recent Forgotten Forty list; the supplied excerpt names the stock but gives no company-specific rationale. Analyst inference
2. Watch for Boyar’s stated view of Uber’s worth and the price he considers a discount; the article says he seeks discounted stocks but gives no Uber valuation. Analyst inference
3. The article also names Markel among the bargains in its title, but the excerpt does not explain the investment case; further comments could clarify Boyar’s reasoning. Analyst inference

Evidence

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