I've been interested in Abercrombie & Fitch (ANF) since it appeared as a potential investment in my value model. In 2015, I made a quick profit of around 25% and over the last year, I've repositioned myself as the stock dropped below intrinsic value and went to a full position at $12. I had thought that American Eagle could have purchased the company but in a surprise … [Read more...]
The Blood Bath at Bed Bath & Beyond
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...]
