The Acquirer’s Multiple, Santa Monica, CA (2026)

10/16/2026

📊 **This Week’s Best Investing News**

Another big week for **value investing, AI, bonds and stock market valuations**.

📌 **Paul Tudor Jones** warns of a challenging 2027 for stocks
📌 **Tobias Carlisle** discusses Buffett’s best investments and why value could make a comeback
📌 **Bill Nygren** shares his Q3 market outlook
📌 **Ken Fisher** examines interest rates and global diversification
📌 **Barry Ritholtz and Jim Bianco** discuss opportunities in bonds
📌 **Michael Burry** raises concerns about AI and weakening market breadth
📌 **Verdad** uncovers potential value in South Korea
📌 New research compares **bonds, gold and managed futures**

Meanwhile, the **Buffett Indicator remains Strongly Overvalued**.

**The takeaway:** Elevated valuations, AI spending and rising bond yields make disciplined, long-term investing more important than ever.

Plenty to read, watch and listen to this weekend!

📈 Want to see how value investors Tobias Carlisle and Tim Travis use options trades?

See the actual cash-secured put and covered call trades Tobias Carlisle and Tim Travis send subscribers — with ongoing recommendations as positions develop through the Wheel strategy.

👉 Start your 7-day free trial.

Link in my channel profile or use the link below.

👉 https://valueoptionsletter.com/a/acquirers-multiple

Disclosure: This is an affiliate link. If you subscribe, I may earn a commission at no additional cost to you.

Educational content only. Not financial advice.

10/16/2026

🎙️ **The Options Wheel Strategy: Generate Income With Puts and Covered Calls**

Tim Travis and Tobias Carlisle explain how investors can combine **value investing with the Options Wheel Strategy** to generate option premiums while buying and selling stocks at attractive prices.

📌 **Step 1:** Sell a cash-secured put on a company you'd be happy to own at your chosen price

📌 **Step 2:** Collect the option premium. If the put expires worthless, keep the premium and consider another trade

📌 **Step 3:** If assigned, buy 100 shares at the strike price, with the premium reducing your effective purchase cost

📌 **Step 4:** Sell a covered call against those shares to collect additional premium

📌 **Step 5:** If the shares are called away, receive the strike price and potentially begin the cycle again

📌 Travis and Carlisle typically target **double-digit annualised returns**, although actual results can vary significantly

📌 **Value Options Letter** provides research, updated valuations, suggested strike prices and ongoing trade tracking

**The takeaway:** The Wheel Strategy combines cash-secured puts and covered calls with a value-investing approach. It can generate recurring premiums, but investors still face stock-price losses, assignment risk and limits on upside.

📈 Want to see how value investors Tobias Carlisle and Tim Travis use options trades?

See the actual cash-secured put and covered call trades Tobias Carlisle and Tim Travis send subscribers — with ongoing recommendations as positions develop through the Wheel strategy.

👉 Start your 7-day free trial.

Link in my channel profile or use the link below.

👉 https://valueoptionsletter.com/a/acquirers-multiple

Disclosure: This is an affiliate link. If you subscribe, I may earn a commission at no additional cost to you.

Educational content only. Not financial advice.

10/16/2026

🎙️ **Are Long-Term Treasury Bonds Finally Worth Buying?**

Jeff Weniger recently joined Taylor and Carlisle to discuss whether rising bond yields are creating an opportunity for investors — or signalling deeper problems in government finances.

📌 Higher bond yields may be making **long-term Treasury bonds more attractive** than they were during the era of ultra-low interest rates

📌 The investment case depends heavily on **where inflation goes next**

📌 Weniger discusses a scenario where inflation stabilises around **3.4%**, potentially making current bond yields more appealing

📌 France faces a projected budget deficit of approximately **5.6–5.8% of GDP**, according to the discussion

📌 Proposed tax increases and spending cuts may reduce that deficit, but would still leave government finances under pressure

📌 The U.S. also faces a substantial fiscal deficit, raising questions about **government borrowing and long-term interest rates**

📌 Even experienced bond investors are debating whether securities with maturities beyond **20 years** are worth the risk

**The takeaway:** Higher yields can make long-term bonds more attractive, but investors must weigh the income against inflation uncertainty, government borrowing and the risk of further bond-price declines.

🔎 FREE U.S. LARGE-CAP STOCK SCREENER

Looking for undervalued large-cap stocks?

Check out our FREE Large Cap 1000 Stock Screener at The Acquirer’s Multiple®:

https://acquirersmultiple.com/screener/large-cap/

10/14/2026

🇨🇦 **Where Is the Deep Value in Canadian Stocks This Week?**

This week’s Acquirer’s Multiple® Canada All TSX screen reveals potentially undervalued businesses across financials, energy, technology, industrials and consumer sectors.

📌 **87 Canadian-listed companies** in this week’s screen
📌 Median Acquirer’s Multiple of just **7.4x**
📌 **63 stocks** trade below 10x
📌 **49 stocks** trade below 8x
📌 **14 stocks** trade below 5x
📌 Median free-cash-flow yield of **12.2%** across the full screen
📌 The sub-8x group has a median **15.1% free-cash-flow yield**
📌 **All 49 companies** trading below 8x report positive free-cash-flow yields
📌 **47 of those 49 companies** report positive shareholder yields

The cheapest opportunities span **insurance, automotive, energy, software, food production, mining and industrial businesses**.

**The takeaway:** More than **56% of the screen trades below 8x**, with strong cash-generation metrics across the cheaper group.

While low valuations can reflect cyclical earnings and industry-specific risks, the Canadian market continues to offer a broad selection of potentially undervalued businesses worth investigating.

🔎ACCESS ALL 4 STOCK SCREENS

In addition to our free U.S. Large-Cap 1000 Screener, subscribers receive access to the complete All Investable, Small and Micro Cap, and Canada All TSX screens—including company rankings and valuation, free-cash-flow, shareholder-yield and quality measures.

https://acquirersmultiple.com/login/

10/14/2026

🎙️ **Real Options Trades: Covered Calls on Blue Owl and Puts on ServiceNow**

Tim Travis and Tobias Carlisle discuss two real-world examples of how value investors can use options to generate premium income while targeting attractive stock valuations.

📌 **Blue Owl (OWL)** — Buy 100 shares at **$10.27** and sell an $11 covered call expiring in 44 days

📌 Collect **$35 in option premium**, with a potential total profit of approximately **$108** if the shares are called away

📌 That's a projected **10.9% return in 44 days**, or approximately **90.3% annualised**, according to the episode

📌 If the call expires worthless, investors retain the shares and premium, with the potential to sell further calls

📌 **ServiceNow (NOW)** — Sell a **$70 cash-secured put**, collecting **$545 in premium**

📌 The 199-day trade offers a potential **8.4% return on capital at risk**, or **15.5% annualised**, if the put expires worthless

📌 If assigned, the effective purchase price becomes **$64.55 per share**

📌 Travis highlights ServiceNow's strong cash generation, enterprise software position and valuation relative to its historical adjusted earnings multiple

**The takeaway:** Options can help investors generate income and establish positions at more attractive prices. But covered calls limit upside, while cash-secured puts still expose investors to substantial losses if the underlying stock declines.

📈 Want to see how value investors Tobias Carlisle and Tim Travis use options trades?

See the actual cash-secured put and covered call trades Tobias Carlisle and Tim Travis send subscribers — with ongoing recommendations as positions develop through the Wheel strategy.

👉 Start your 7-day free trial.

Link in my channel profile or use the link below.

👉 https://valueoptionsletter.com/a/acquirers-multiple

Disclosure: This is an affiliate link. If you subscribe, I may earn a commission at no additional cost to you.

Educational content only. Not financial advice.

10/14/2026

🎙️ **Why the Magnificent Seven Are Holding Up the Stock Market**

Jeff Weniger recently joined Taylor and Carlisle to discuss how a handful of mega-cap technology stocks can mask weakness across the broader market.

📌 The **Magnificent Seven** carry enormous weight in the S&P 500, helping support the index even when other stocks struggle

📌 Individual stock investors may be experiencing losses despite positive headline market returns

📌 Weniger highlights how **market leadership can conceal deteriorating market breadth**

📌 Traditional **60/40 portfolios** may have drifted away from their target allocations as stocks outperform bonds

📌 Portfolio rebalancing could trigger **selling in equities and buying in bonds** toward year-end

📌 Investors may also consider **tax-loss selling in fixed income**, where declining bond prices have created potential realised losses

📌 These competing forces could influence market activity during **November and December**

**The takeaway:** A rising S&P 500 doesn't necessarily mean the broader market is healthy. Concentrated leadership, portfolio rebalancing and bond-market losses could create additional pressures beneath the surface.

🔎 FREE U.S. LARGE-CAP STOCK SCREENER

Looking for undervalued large-cap stocks?

Check out our FREE Large Cap 1000 Stock Screener at The Acquirer’s Multiple®:

https://acquirersmultiple.com/screener/large-cap/

10/13/2026

📊 **Where Is the Deep Value in Small and Micro-Cap Stocks This Week?**

This week’s Acquirer’s Multiple® Small and Micro Cap screen highlights potentially undervalued businesses across financials, energy, technology, healthcare and consumer sectors.

📌 **198 companies** in this week’s screen
📌 Median Acquirer’s Multiple of **9.1x**
📌 **77 stocks** trade below 8x
📌 **39 stocks** trade below 5x
📌 Financial businesses account for **17 of the 77 cheapest stocks**
📌 The sub-8x group has a median **14.3% free-cash-flow yield**
📌 **68 of those 77 companies** report positive free cash flow
📌 Median five-year return on assets of **11.3%**
📌 **63 companies** report positive shareholder yields

The cheapest opportunities span **banking, specialty finance, energy, software, transportation, healthcare and consumer businesses**.

**The takeaway:** Nearly **39% of the screen trades below 8x**, with many companies also generating positive cash flow and returning capital to shareholders.

While smaller companies carry additional risks, including lower liquidity and more volatile earnings, the screen provides a useful starting point for uncovering overlooked value opportunities.

🔎ACCESS ALL 4 STOCK SCREENS

In addition to our free U.S. Large-Cap 1000 Screener, subscribers receive access to the complete All Investable, Small and Micro Cap, and Canada All TSX screens—including company rankings and valuation, free-cash-flow, shareholder-yield and quality measures.

https://acquirersmultiple.com/login/

10/13/2026

🎙️ **Cash-Secured Puts Explained: Get Paid to Buy Stocks at a Discount**

Tim Travis and Tobias Carlisle explain how value investors can use **cash-secured puts** to generate income while waiting to buy stocks at attractive prices.

📌 Sell a put at a price where you'd be **happy to own 100 shares**
📌 Collect an **option premium upfront**
📌 Set aside sufficient cash to meet your purchase obligation if assigned
📌 If the stock stays above the strike price at expiration, the put typically expires worthless and **you keep the premium**
📌 If assigned, you buy the shares at the agreed strike price
📌 The premium received **reduces your effective purchase cost**
📌 The strategy doesn't require borrowing or leverage when fully cash-secured

**Example:**

💰 Put strike price: **$50**
💰 Shares per contract: **100**
💰 Premium collected: **$500**
💰 Total purchase obligation: **$5,000**
💰 Effective break-even: **$45 per share**

**The takeaway:** Cash-secured puts allow investors to collect premium while waiting for their preferred purchase price. However, if the stock falls significantly, losses can exceed the premium received.

📈 Want to see how value investors Tobias Carlisle and Tim Travis use options trades?

See the actual cash-secured put and covered call trades Tobias Carlisle and Tim Travis send subscribers — with ongoing recommendations as positions develop through the Wheel strategy.

👉 Start your 7-day free trial.

Link in my channel profile or use the link below.

👉 https://valueoptionsletter.com/a/acquirers-multiple

Disclosure: This is an affiliate link. If you subscribe, I may earn a commission at no additional cost to you.

Educational content only. Not financial advice.

10/13/2026

🎙️ Rising Bond Yields: The Biggest Threat to Stocks?

Jeff Weniger recently joined Taylor and Carlisle to discuss why persistent inflation could become a serious problem for the bond market — and potentially stock valuations.

📌 Inflation remains a concern despite earlier expectations that price pressures would be temporary
📌 Weniger highlights alarming readings in the ISM manufacturing and services prices-paid indexes
📌 One index reportedly reached approximately 78, while the other was around 74
📌 These indexes typically fluctuate much closer to 50, making readings above 70 particularly noteworthy
📌 Elevated prices-paid readings suggest businesses are experiencing significant cost pressures
📌 Persistent inflation could make it harder for interest rates and bond yields to decline
📌 Higher bond yields can put pressure on equity valuations, particularly for expensive growth stocks

The takeaway: Inflation doesn't have to accelerate dramatically to create problems for investors. If price pressures remain elevated, higher bond yields could continue challenging stock market valuations.

🔎 FREE U.S. LARGE-CAP STOCK SCREENER

Looking for undervalued large-cap stocks?

Check out our FREE Large Cap 1000 Stock Screener at The Acquirer’s Multiple®:

https://acquirersmultiple.com/screener/large-cap/

10/12/2026

📊 **Where Are the Best Quality Value Opportunities This Week?**

This week’s Acquirer’s Multiple® All Investable Stocks Screener reveals potentially undervalued companies across energy, materials, technology, consumer businesses and healthcare.

📌 **198 companies** in this week’s screen
📌 **85 stocks** trade below 10x Acquirer’s Multiple
📌 **115 stocks** trade below 12x
📌 Median Acquirer’s Multiple of **10.8x**
📌 **31 companies** pass additional profitability, growth, cash-flow and balance-sheet filters
📌 These 31 companies trade at a median **8.2x Acquirer’s Multiple**
📌 Median free-cash-flow yield of **9.5%**
📌 Median five-year return on assets of **20.0%**

The qualifying companies span **energy, mining, semiconductors, technology consulting, apparel, food retail, healthcare and industrial businesses**.

Importantly, all 31 meet five criteria: an Acquirer’s Multiple below 12x, five-year ROA above 15%, positive incremental growth, positive free cash flow and debt-to-equity below 50%.

**The takeaway:** Cheap stocks aren't always good investments. Combining attractive valuations with profitability, cash generation and financial strength can help investors identify better candidates for further research.

🔎ACCESS ALL 4 STOCK SCREENS

In addition to our free U.S. Large-Cap 1000 Screener, subscribers receive access to the complete All Investable, Small and Micro Cap, and Canada All TSX screens—including company rankings and valuation, free-cash-flow, shareholder-yield and quality measures.

https://acquirersmultiple.com/login/

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