In this week's Stansberry Investor Hour, Dan welcomes value investor Tobias Carlisle back to the show. Tobias is the founder and portfolio manager of Acquirers Funds, a deep-value investment firm. He's also the host of a podcast and the author of numerous books, including The Acquirer's Multiple.
Tobias kicks things off by discussing the performance of his energy fund and the energy sector. He likes to compare gold with oil to see how their pricing has moved in relation to each other over the past year. He thinks oil companies are still cheap and believes that we haven't seen "peak oil" prices yet. He also gives the tickers of two energy companies that he's confident are good places to put your money to take advantage of the energy crisis. (0:00)
Next, Tobias shares two other energy stocks that he's fond of. While these companies aren't as stable as the previous two due to their locations, they possess quality shale sites that make them compelling considerations. Tobias then shifts his attention to two other companies focused on the fertilizer and copper industries. With the first company, he emphasizes that folks need to eat and that the company will aid in food production and remain strong, especially since "nitrogen-based fertilizer feeds half the world." And with the second company, he believes that we're currently in the middle of a cycle for copper demand. (14:52)
Finally, Tobias gives his thoughts on the housing sector. While many investors might avoid it because housing sales are lower than they were at the bottom of the great financial crisis (due to high home prices), he believes that buying now and holding on will pay off when it springs back to life. He also makes the case that in most markets you want to be a contrarian because you can buy good companies at low price-to-earnings multiples. And he cautions investors not to think about companies as blank tickers but as functioning, moving entities that have work put into them that can break them out of stagnancy. (28:34)
