In May 2017 I was invited by Diego Moreno to the Forum Family office event in Omaha, the day before the Berkshire Hathaway meeting. At the event, I presented a long idea which was Bed Bath & Beyond (BBBY). Today I changed that view. To see the 2017 presentation please click here to see or download the presentation. (If you 'run' the slideshow in PowerPoint then you will … [Read more...]
Interesting Deep Value Idea Despite The Future EPS Miss
Would you be interested in an opportunity in a company trading at 2x EV/EBITDA, under 5x P/E with a sustainable 11%+ dividend yield, that increased revenues 7% in the most recent fiscal year, and net debt practically at zero? I sure am! Gamestop (GME) is such an opportunity but obviously not without risk. The majority of the company's sales and profits comes from selling … [Read more...]
John Neff screen gives 2 interesting stocks
Not as well known as some other value investors, John Neff had one of the best track records known in the investment world with an annual 13.7% return vs 10.6% for the S&P 500 over 31 years. Windsor which he managed became the largest mutual fund in existence during Neff's management. Neff retired from Vanguard in 1995. Neff wrote "John Neff on Investing" which was … [Read more...]
Benjamin Graham Screen Gives These 6 stocks
In John Reese's book "The Guru Investor", he shows a stock screen based on Benjamin Graham's philosophies. A backtest of the screen produced a 20% return versus 4% for the S&P 500 over the 2003-2008 period. The screen rules are: All stocks except technology Sales > $340 million Current ration > 2 (less than 2 only if its a utility or telecom) Long-term … [Read more...]
What’s Expected From Oracle’s Earnings Today
Summary Oracle is announcing earnings this afternoon, March 19. The article tries to cover all the key figures the market will be looking at for clues regarding the company and stock's future. Personally, I'm not excited by ORCL as there is not enough margin of safety, risk and industry headwinds. Oracle (ORCL) offers products and services for corporate … [Read more...]
Listen to Berkshire Hathaway Letters & More!
Too lazy to read the Warren Buffett letters? Sponge Audio has provided the solution! You can now listen to all the letters via podcast (link to iTunes) or via Sponge's website (link). The truth is that this audio may not be the most attractive so perhaps you'd rather hear it from the horse's mouth? Last year's annual meeting in Omaha was broadcasted live via Yahoo … [Read more...]
This Magic Formula Stock is Up 15%+ Pre-Open!
I'm a fan of using screens to scan the universe for opportunities. One very popular screen is Joel Greenblatt's 'Magic Formula' which he talks about in his best selling book "The Little Book that Beats the Market". Express Scripts (ESRX) is one of the stocks given by the screen and is up more than 15% before the market opens today. This is because it was just announced that … [Read more...]
