+ Watch OZM
on My Watchlist
Oversold and undervalued. OZM is selling at a 36% discount to its 5 year average Forward PEG, and a 70% discount to the S&P 500 Forward PEG. Analysts are raising both price targets and earnings estimates. OZM has exceeded analyst consensus earings estimates in the last 6 reporting quarters, including 4 double digit beats. Te most recent quarterly earnings was over 35% higher than consensus estimates.
Sky's the limit
Elliott Gue 500% better dividend screen
Elliott Gue's method for 500% better dividends. 1 of 10.
When valuing asset managers, I take tangible book value (TBV) and add a percentage of assets under management (AUM).The percent of AUM varies depending on the quality of the business (reflected in fees and growth). A great alternative asset manager might be worth 5% of AUM, a mediocre alternative might be worth 3%, a great mutual fund manager 2%, a mediocre mutual fund manager 1%.OZM's TBV is -$250M and AUM is $34.6B. To justify the market cap, the percent of AUM needs to be 12.3%. The valuation appears quite unreasonable.
big insider buying
Brilliant management team will create value as they have done for a long time.
OZM is well managed by Danny Och. In 2010 delivered high single digit to mid-teens percent returns to his invesstors with 25% of market volatility. This is a product that high net worth investors are looking for. OZM's target market has had cash sitting on the sidelines since the crisis and is now wading back in to the investing waters with both feet. Expect fund inflows and OZM management fee revenues to increase concurrently. Investing environment is good and revenues from carry should be healthy over the next few years. If market stays strong, there will be some healthy exit opportunities for certain OZM funds.
Picked from a screen that looks for stocks with low pe/roe ratios and then further looks for the lowest possible forward pe ratios. This screen typically outperforms by 20% or more based on backtests over the last decade. No other due diligence performed.
This stock will definetly outperform, so far its done so
Investment banks is my 2nd REIT!!! Going Up! All of it!
OZM has a too high valuation compared to its assets under management. It is also loss making and does not distribute any dividend. It may go banrupt.
worst 30days caps
I'll have to refer to Barron's on this one: In regards to OZM, "few in the history of the asset-management industry have gotten so rich while generating such mediocre performance." And look at this: OZ Master Fund (OZM's flagship hedge fund) has returned 13.9 percent over the past 5 years, compared to the S&P 500's return of 15.5 percent. And these guys actually get away with charging 2 percent management fees, while taking 20 percent of the profits. Like the hedge funds it manages, this company should underperform.
Overvalued, esp. compared to Blackstone and Fortress. Mediocre track record. Significant risk vis. possible legislation to increase taxes on carried interest.
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