#163: Eric Schleien Hosts Finance Podcast Week

Eric Schleien hosts the September Roundtable for Finance Podcast
Week. Join Eric Schleien, host of the Intelligent Investing
Podcast, with Andrew Sather and Jason Rivera for a jam packed
hour long finance roundtable. 
Eric Schleien Discusses Real Estate Stocks

In this episode, Eric Schleien sits down with Andrew Sather and
Jason Rivera to discuss two real estate stocks.
Laaco Ltd (LAACZ), which owns the Los Angeles Athletic Club and
has a Self-Storage Business. Cedar Realty Trust (CDR), which owns
grocery anchored retail outlets across the United States.

Eric Schleien believes that both of these are cheap real estate
stocks that would be some of the best picks for 2021. Both of
these stocks are special situations as it is likely that both of
these will be selling core assets for a higher price than the
current market value. In Cedar’s case, they may sell the entire
company. With Laaco, they may sell their self-storage business at
what would almost certainly be a higher price than the current
market price if they were to get a fair valuation on the assets.


 
Eric Schleien Discusses Modern Value Investing

One of the things that Eric points out during the roundtable is
that modern GAAP accounting isn’t always appropriate for
companies such as Amazon (AMZN) or Trupanion (TRUP) to show true
value of the business. For example, Amazon’s R&D expense he
believes is an asset even though it gets run through the income
statement as an expense. 


To learn more about Eric Schleien, check out his personal website
and business website. You can also reach out to him on Twitter,
Instagram, and LinkedIn.


If you'd like to read his book, you can find it on Amazon.


 
Jason Rivera Discusses Altria Stock

During the episode Jason Rivera discusses Altria (MO) as a
potential value investment due to the stability of the business
mixed with a high dividend yield. Jason believes that Altria is a
better inflation hedge than buying TIPS.


To learn more about Jason Rivera, check out his website: Value
Investing Journey


 
Andrew Sather Discusses Defense Contractors

Andrew believes that defense contractors offer good value in this
market. As a value investor, he is always looking for sectors and
companies that are being mispriced by the market for various
reasons.


To learn more about Andrew Sather, check out his website:
Investing For Beginners