Viewpoints by Richard S. Pzena, Senior Portfolio Manager at Pzena Investment Management
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While retail is disrupted, distributors carry on
The market is filled with middlemen whose days may be numbered, thanks to e-commerce. We discuss the key targets and the limits of e-commerce disruption.
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Playing offense and defense with value stocks
Investors worried about elevated valuations and the potential for a market correction should take a closer look at value stocks. They offer a rich source of opportunity and can act as a bulwark against market corrections.
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U.S. equity market valuation spreads suggest a value resurgence
As valuation spreads broaden across the U.S. equity market, see why a rotation to value investing could be profitable for long-term investors.
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Valuation spreads suggest historic opportunity
Equity valuation spreads continue to widen and are approaching levels last seen during the dot-com bubble. Our research suggests this may portend a significant opportunity for value stocks.
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Supermajor energy companies provide opportunity amid turmoil
Despite the uncertainty of oil prices, there's an argument to be made that improving cash flows and compelling valuations make supermajor energy companies attractive at today’s prices.
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