I am looking high and low for good value investment ideas, but the 25+% run-up in the market over the last year has left me high and dry.
The best I can do is the pair of toy-makers (MAT and HAS) that had ben left for dead a year ago, presumably because kids play video games now, real physical toys are not a growth industry anymore. Like railroads or newspapers, you know, the stuff Buffett likes to buy. But both of them have climbed and are still climbing up, getting closer to fair value. I do believe they have a ways to go up. Still, not as attractive / safe based on margin of safety as they were a year ago.
Same with industrials, I like EMR, UTX and colleagues, but also not cheap. They were being given away last September.
Maybe I will try my luck with K, GIS, CPB (maybe ADM) etc. No growth and the draught will kill their earnings by raising the supply prices. Temporary earnings dip = panicked Wall Street guys dumping good companies = opportunity to buy.
Let me know if you see Value lurking out there somewhere else.