Philadelphia seeing benefit of value investing

Inquirer business columnist Joseph N. DiStefano made note of a host of multinational corporations that have found a small foothold in the region of late, including most recently Texas Instruments bunking in Bethlehem with a purchase of semiconductor-firm Ciclon.
That’s a case of value investing, which some say is deserving of a boon.

So much so that the latest focus of the Idiot’s guide book series is for value investors:

Value investing focuses on finding financially sound companies with underpriced shares. The investing strategy has been around since the 1930s and is touted by highly respected adherents such as Warren Buffett. Today with many company shares trading at a fraction of where they stood just a year ago, value investors have much to consider. [Source]

While the book focuses on smaller-share investors, there’s little difference in the rush of household name companies into Pennsylvania.

Those high-tech companies weren’t lured here with tax breaks. In each case, they bought small Pennsylvania firms and slapped their names over the door.
“This is the way to attract them. If you give incentive grants, they stay as long as the grant. But if they’re buying the talent, they stay here,” and expand, said Michael D. Burns, managing director for $100-billion-asset Guggenheim Partners‘ venture capital office in King of Prussia. [Source]

With Philadelphia’s tech and geek culture booming, you might expect to see a sluggish economy act as a catalyst for more corporate moves to Philly.