Often, they are undervalued because of poor earnings growth.
He contends that DST is undervalued because of its noncore holdings, including its 10.3 million shares of State Street.
Normally, this would have provoked a big debate, with one side alleging that students' hard work was being undervalued because of a political attempt to manipulate figures, and the other welcoming a small step towards greater academic rigour.
William Browder, who manages Hermitage, a hedge fund specializing in Russia that holds Lukoil shares, said that the company's stock is undervalued because of investor-unfriendly business practices and profits that are weaker than they should be.
The 64-year-old Icahn is known for investing in companies he believes are undervalued because of either mismanagement or corporate inefficiency, and then acquiring enough shares to threaten or launch a proxy fight for control.
As well as artist and author, Potter was a notable naturalist whose scientific efforts were undervalued because of her gender, a landowner and activist in the cause of preserving old ways of managing land and livestock, an animal breeder of some distinction, and a philanthropist who left thousands of acres in the Lake District to the National Trust of Great Britain.
So it's pretty much like a grocery store, like gasoline station… So this is one of the biggest problems, if you're a website and you do have significant traffic…it's a bit difficult to monetize traffic…[so] internet businesses are undervalued because of the internet business model".
It would also mean that Gap could make a some serious cash by selling Old Navy, or alternately, that Gap Inc. is undervalued because the value of the Old Navy business is being overshadowed by the sluggish performance of flagship Gap stores and other units such as Banana Republic.
Thomas Shrager, a managing director at Tweedy Browne, said Bayer's shares are undervalued because its mix of very different businesses has blurred its value.
