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Value investing is about finding stocks to buy that are selling for less than they’re worth. I can see two UK stocks that fit the bill at the start of 2024.
Both have been having a tough time lately. One is a FTSE 100 bank that has failed to benefit from rising interest rates and the other is a FTSE 250 fashion footwear company that has gone nowhere but down.
Barclays
Rising interest rates through the first part of 2023 have been good for UK banks. In general, they’ve allowed better returns on loans, which has resulted in higher margins.
To some extent, that’s been offset by higher charges for loan losses, but profitability has generally been higher across the UK banking sector. Barclays (LSE:BARC) has been the exception though.
The stock has fared significantly worse than its rival Lloyds Banking Group in 2023. One of the big reasons is Barclays has a significant…
