I... nd that stock returns monotonically increase in idiosyncratic risk for relatively undervalued stocks and monotonically decrease in idiosyncratic risk for relatively overvalued stocks.

我发现，对于相对低估的股票，股票回报率在特质风险下单调递增；对于相对高估的股票，股票回报率在特质风险下单调递减。

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Buffett has always been a strong believer in companies buying their own stock when it's undervalued, which clearly both he and Palmisano have considered IBM to be.

巴菲特一贯坚信，如果某家公司股价市场估值过低，那就应该回购股票。很显然，他本人和彭明盛都认为IBM正是这样一家公司。

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Its stock is undervalued, many analysts say.

许多分析师认为，该公司的股价被低估。

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The dean of global investing, Sir John Templeton, used investments in banks as proxies for gaining exposure to undervalued stock markets around the world.

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Berkshire is drawn to the fair value computation of AXP, an undervalued stock with room to grown, as well as the dividend.

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An undervalued stock excites Don Yacktman, a dyed-in-the-wool value man one of the top investors since the financial crisis who manages several eponymous mutual funds.

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