Investors / stance tracking
What Peter Lynch is saying
Former manager, Fidelity Magellan Fund
14 dated public stances tracked since 2020-07-05, most recently 2021-01-01. Each line carries the date and the venue it came from; quotation marks mean verbatim. Methodology.
The stances below are c8alpha's editorial distillation of Peter Lynch's public commentary — television, podcasts, and interviews — compiled by automated transcript analysis and dated to the episode they came from. They may lag the speaker's current view and may contain extraction errors. Text in quotation marks is verbatim from the episode; everything else is our paraphrase. Peter Lynch is not affiliated with c8alpha and has not endorsed this page. Nothing here is investment advice.
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14
tracked stances
14
themes
0
side flips
2021-01-01
last heard
Raw direction-aware returns on public statements — long calls credited when the price rose, shorts when it fell, shorts capped at −100% — in a rising market this mostly measures who was long, not who has skill. Returns run from the stance date; calls are rarely closed publicly, so fixed 90-day / 180-day / 1-year horizons are used. A horizon shows only once it has fully matured, and only at 5+ scored stances.
Most-argued themes
| Theme | Stances | Lean | Mix | Last |
|---|---|---|---|---|
| AUTO STOCKS | 1 | 1 bullish | 2020-07-05 | |
| CYCLICAL STOCKS — PAPER, ALUMINUM, STEEL INDUSTRIES | 1 | 1 bullish | 2021-01-01 | |
| CYCLICAL STOCKS — STEEL, PAPER, ALUMINUM, CHEMICALS | 1 | 1 bullish | 2020-07-05 | |
| CYCLICALS: PAPER, ALUMINUM, STEEL INDUSTRIES | 1 | 1 bullish | 2020-12-02 | |
| FINANCIAL SECTOR STOCKS (CITICORP, CHEMICAL, TRAVELERS, BANK OF BOSTON, FLEET, SHAWMUT) | 1 | 1 bullish | 2020-07-05 | |
| Gse Mortgage | 1 | 1 bullish | 2020-07-05 |
Tracked stances
bullish / bearish is a view they argued; owns / short is a position they said they hold.
2021-01-01
CYCLICAL STOCKS — PAPER, ALUMINUM, STEEL INDUSTRIES
bullish
Peter Lynch · video
Global economy improving in 1994 with recovery coming in Germany and Japan; these industries have cut costs to become lowest-cost producers and will earn significantly more when demand recovers
“now is the time to look at cyclical companies in the paper industry the aluminum industry the steel”
Peter Lynch: How to Invest Better Than Wall Street (Rare Interview)
2021-01-01
SUPERCUTS (SMALL-CAP RETAIL/SERVICES)
bullish
Peter Lynch · video
Small company in the haircut/salon services space represents the type of simple, understandable local consumer business with identifiable growth that individual investors can research and understand better than complex sectors
“super cuts they do haircuts that's a small company”
Peter Lynch: How to Invest Better Than Wall Street (Rare Interview)
2020-12-02
THRIFT / MUTUAL SAVINGS BANK IPOS
bullish
Peter Lynch · video
When a thrift converts from mutual to public ownership, depositors overwhelmingly discard the prospectus out of habit, creating a systematic neglect discount that makes these offerings attractive
“I'm still trying to educate the public to take a look when thrifts come public.”
Peter Lynch Lecture On The Stock Market | 1997
2020-12-02
SPX
bullish
Peter Lynch · video
Corporate profits growing 7-8% annually (doubling every decade) make equities far superior to 10-year Treasuries yielding just over 2%
“the stock market's the best place to be for the next 10 20 30 years”
90d +5.8% · 180d +15.3% · 1y +26.5%
Peter Lynch | Charlie Rose | 2013
2020-12-02
US SHALE / HYDRAULIC FRACTURING PRODUCERS
bullish
Peter Lynch · video
Hydraulic fracturing technology demonstrably works, costs are still falling, and domestic gas at ~$2/mcf versus Europe's ~$20 represents a structural competitive advantage that will reshape US energy
“it does really work it'll change America's energy future”
Peter Lynch | Charlie Rose | 2013
2020-12-02
POST-IPO FALLEN SECONDARY STOCKS
bullish
Peter Lynch · video
Of the ~3,000 companies that went public in the prior four years, one-third trade below their IPO price including fundamentally sound businesses that hit a temporary glitch and lost all analyst attention, creating a deep mispricing research list
“Some are good companies and they had a glitch and no one cares about them. That's where I'd be looking today.”
Peter Lynch Lecture On The Stock Market | 1997
2020-12-02
US BANKING SECTOR CONSOLIDATION
bullish
Peter Lynch · video
The US has 7,500 deposit-taking institutions versus 10 in the UK and 8 in Canada — extreme redundancy forces inevitable consolidation that rewards surviving acquirers who can use cheap stock-based deals
“This industry is going to have a serious consolidation... it works. These stocks are — they use paper, it doesn't cost anything to do it.”
Peter Lynch Lecture On The Stock Market | 1997
2020-12-02
CYCLICALS: PAPER, ALUMINUM, STEEL INDUSTRIES
bullish
Peter Lynch · video
Global economy recovering into 1994 while US paper, aluminum, and steel producers have cut costs to become lowest-cost producers in the world, creating earnings leverage on any demand pickup
“now is the time to look at cyclical stocks”
Peter Lynch | Charlie Rose | 1993
2020-12-02
INTERNATIONAL STOCKS
bullish
Peter Lynch · video
Foreign markets have far less analyst coverage than domestic ones, meaning a larger proportion of companies are mispriced and available at attractive valuations
“The person that turns over the most rocks wins the game. Overseas, the numbers are much better.”
Peter Lynch Lecture On The Stock Market | 1997
2020-07-05
Gse Mortgage
bullish
Peter Lynch · video
Like Fannie Mae, Freddie Mac operates a strong low-cost business that continues to perform well despite rising rates, and the stock is undervalued by approximately 25%
“Freddie Mac and Fannie Mae are still doing great and I think they're gonna be terrific stocks”
Peter Lynch 1994 Lecture (WITH TIMESTAMPS)
2020-07-05
JNJ
bullish
Peter Lynch · video
JNJ was irrationally sold off from 58 to 36 on health care reform fears despite 60% of earnings being outside the US, a diversified product base with no single product above 5% of sales, and international operations already accustomed to government price…
“why is this knocked out from 58 to 36 and these companies are already dealing in Japan and overseas with government controlling pharmaceutical prices”
90d +4.4% · 180d +11.0% · 1y +20.6%
Peter Lynch 1994 Lecture (WITH TIMESTAMPS)
2020-07-05
FINANCIAL SECTOR STOCKS (CITICORP, CHEMICAL, TRAVELERS, BANK OF BOSTON, FLEET, SHAWMUT)
bullish
Peter Lynch · video
Financial sector stocks have been beaten down while their businesses improved, balance sheets strengthened, and they trade at multiples half or one-third below the general market, making them attractively valued
“the financial area has been hurt heavily in the stock market I think that's an attractive area”
Peter Lynch 1994 Lecture (WITH TIMESTAMPS)
2020-07-05
CYCLICAL STOCKS — STEEL, PAPER, ALUMINUM, CHEMICALS
bullish
Peter Lynch · video
Cyclical industries including steel, paper, aluminum, and chemicals are positioned to benefit as commodity prices recover from 30-year lows and global demand improves with recoveries in Latin America, Europe, and Japan
“the steels the papers the aluminums the chemicals it's their turn to come to the plate”
Peter Lynch 1994 Lecture (WITH TIMESTAMPS)
2020-07-05
AUTO STOCKS
bullish
Peter Lynch · video
Auto stocks are extremely cheap at four to five times earnings while automobiles remain very affordable on a 20-year basis and consumer demand is recovering with rising employment
“the auto stocks are also extremely cheap at four or five times earnings”
Peter Lynch 1994 Lecture (WITH TIMESTAMPS)
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