Morgan Stanley: Six Reasons To Buy Value

Buy value stocks trading at a low price to book value to profit as economic and earnings growth returns to Europe, that’s according to Morgan Stanley’s European equity strategy team.

The team, led by Graham Secker and Matthew Garman, CFA published a report at the beginning of this year detailing the six reasons why they believe value is set to outperform through 2017 after a strong performance during the second half of 2016.

• Warren Buffett – How to Calculate Intrinsic Value
• Vulcan Value Fund letter
• The Buffett Series – What is Value Investing?

These include a favorable macro backdrop and that Value stocks' relative price, valuation and EPS remain very depressed given we're coming off of the longest and...