The new year brings a look from the publication at the so-called Forgotten Forty value picks list from Boylar Value Group that includes stocks trading at a discount to their potential value, with a positive company-specific catalyst likely to play out in the year ahead. “If a stock is selling at a significant discount to what we calculate an acquirer would pay for the business, and has a catalyst for capital appreciation, that’s very interesting to us,” noted Jon Boyar on candidates for the Forgotten Forty list.
Stocks making the cut for 2023 included Laboratory Corporation of America Holdings (LH), Liberty Braves Group (BATRK), Markel (MKL), Uber Technologies (UBER), Walt Disney (DIS), and Watsco (WSO). The publication also broke down some of the more interesting income investing ideas for 2023. Energy pipeline stocks were called out including Williams Companies (WMB), Kinder Morgan (KMI), Enterprise Products Partners (EPD), and Energy Transfer Energy Transfer LP. Telecom stocks AT&T (T) and Verizon (VZ) were also mentioned as top income investing ideas.