Focused Compounding | Site-Wide Activity https://focusedcompounding.com/activity/ Activity feed for the entire site. Tue, 31 Mar 2026 01:08:04 -0500 https://buddypress.org/?v= en-US 30 hourly 2 3708a6d165731ece8dcaa11bd9136443 Geoff Gannon wrote a new post https://focusedcompounding.com/?p=7640 Wed, 24 Jan 2024 20:29:56 -0600 Free Cash Flow: Adjusting For Acquisitions, Capital Allocation And Corporate CharacterSomeone who reads my articles sent me this email: …. I would appreciate your thoughts on three questions of mine: When calculating the free […]

]]> 756ba574686a28c006017ac7a71a7d12 Geoff Gannon wrote a new post https://focusedcompounding.com/?p=7580 Mon, 01 May 2023 18:34:18 -0500 How Acquisitions Add Value – Or Don’tSomeone emailed me this question: How do you think management should analyze acquisition opportunities? For example, how would you like the […]

]]> 0a133370eadf278f0617cb65427b56cb Geoff Gannon wrote a new post https://focusedcompounding.com/?p=7577 Fri, 07 Apr 2023 00:09:47 -0500 Vitesse Energy (VTS): A 10% Dividend Yield and Discount to “PV-10” Make this Spin-Off a Cheap Speculation on OilVitesse Energy (VTS) is a recent spin-off from Jefferies (JEF). The stock was spun-off in January. Vitesse is made up entirely of non-operating […]

]]> b0413b70a91d638366a672da8314983f Geoff Gannon wrote a new post https://focusedcompounding.com/?p=7561 Fri, 09 Dec 2022 23:44:25 -0600 One topic Andrew and I don’t discuss much on the podcast are the books we’re reading. Despite that, some podcast listeners email me with requests for book recommendations. Since my interests are probably dif […]

]]> c36f3cf2637f3ba7393eb564ab6434d3 Geoff Gannon wrote a new post https://focusedcompounding.com/?p=7559 Fri, 09 Dec 2022 17:46:48 -0600 In our most recent podcast, Andrew and I talked about Bob Iger’s return as CEO of Disney (DIS). If you’d like to know more about Disney – the company and the stock – as it currently exists, I recommend subscri […]

]]> 8b0de5827674dab6f4ede3482800f21c Geoff Gannon wrote a new post https://focusedcompounding.com/?p=7557 Fri, 09 Dec 2022 17:17:19 -0600 Alico (ALCO) failed to file its financial results on time. The company was scheduled to report its full-year results on December 6th. Instead, it put out this explanation:

“…the Company and its independent pub […]

]]> 6403467378bbf1319312268ee2c446d4 Geoff Gannon wrote a new post https://focusedcompounding.com/?p=7544 Thu, 06 Oct 2022 21:05:37 -0500 Someone emailed me this question:

I have the following quote from the article How Much is Too Much to Pay for a Great Business, “For example, let’s say I buy a stock with a 15% free cash flow yield and 3% gro […]

]]> 7493052a0a902b1c3c509b481d994d02 Geoff Gannon wrote a new post https://focusedcompounding.com/?p=7542 Thu, 06 Oct 2022 18:45:15 -0500 Vertu Motors (“VTU” in London) reported its interim results. As a U.K. stock, the company reports results twice a year. This is their half-year report.

Accounts I manage hold shares of Vertu Mot […]

]]> 066cd94845eb027b770d003cd1b14cf7 Andrew Kuhn wrote a new post https://focusedcompounding.com/?p=7168 Mon, 01 Aug 2022 18:42:24 -0500 Here’s an inspiring story I heard the other day.

Last week, I spoke with an investor who recently inherited an investment account from their uncle. The uncle worked as a fireman, lived below his means, and […]

]]> 828bcb67d630292ca6dedac4d40cb9d2 Geoff Gannon wrote a new post https://focusedcompounding.com/?p=7154 Wed, 22 Jun 2022 14:34:04 -0500 Someone who listens to the podcast emailed this question:

“I’ve heard Geoff speak about not liking management with tons of stock options but preferring they have raw equity. Could you elaborate on the rea […]

]]> 0c3b5464798de2c277ba48f27009266f Geoff Gannon wrote a new post https://focusedcompounding.com/?p=7139 Tue, 21 Jun 2022 10:01:22 -0500 Warren Buffett’s “Market Value Test” – And How to Use ItSomeone who listens to the podcast wrote in with this question: “…(in a recent episode) you mention that you want to know if the capital all […]

]]> 2a38f6322c587d68ab16a1200d3b7f12 Geoff Gannon wrote a new post https://focusedcompounding.com/?p=7134 Mon, 16 May 2022 10:51:38 -0500 On the day of this year’s Berkshire Hathaway annual shareholder meeting, Andrew and I were in Omaha at a Willow Oak event. Willow Oak is the company that provides a lot of the administrative support functions f […]

]]> 5adc4c77fd7ae3495a297e1bb73cfc9a Matthew Toner commented on the post, Fairfax Financial Holdings: Large Upside Potential with Minimal Downside https://focusedcompounding.com/fairfax-financial-holdings-large-upside-potential-with-minimal-downside/#comment-445 Wed, 10 Nov 2021 12:55:13 -0600 should we give fairfax another look this year?

]]> 34229d022607ed22a60a59056123b16a Greenbaum commented on the post, U.S. Lime (USLM) Deserves Another Look https://focusedcompounding.com/u-s-lime-uslm-deserves-another-look/#comment-444 Mon, 08 Nov 2021 16:40:50 -0600 Super*

]]> 162b0c4d1b919103fd3e6474ba0d4f95 Greenbaum commented on the post, U.S. Lime (USLM) Deserves Another Look https://focusedcompounding.com/u-s-lime-uslm-deserves-another-look/#comment-443 Mon, 08 Nov 2021 16:40:18 -0600 Been on my mind recently, commodities sorry cycle should do them well. Does nacco mine any of their Lime?

]]> 108c65e0ce813ff330e1dcc9253cee57 Andrew Kuhn wrote a new post https://focusedcompounding.com/?p=6989 Mon, 08 Nov 2021 16:32:44 -0600 Geoff wrote about U.S. Lime back on February 18th, 2018. Focused Compounding members can read that article here:  U.S. Lime (USLM): A High Longevity Stock in a Low Competition Industry

U.S. Lime at the time […]

]]> 5cad513b5e84c9a02fb748bffe52a993 Andrew Kuhn commented on the post, Some Thoughts on Calloway's Nursery, Inc. https://focusedcompounding.com/some-thoughts-on-calloways-nursery-inc/#comment-442 Mon, 04 Oct 2021 14:49:58 -0500 Hey Ney!

You can view the financials under the disclosure tab on OTCMarkets.com.

Thanks for reading

]]> 093329053f2b2c60c3e245e51802576c Ney Torres commented on the post, Some Thoughts on Calloway's Nursery, Inc. https://focusedcompounding.com/some-thoughts-on-calloways-nursery-inc/#comment-441 Mon, 04 Oct 2021 04:11:12 -0500 Hi Andrew. where did you find their updated financials?

]]> f9a07f11446369c22475ad824abc6bac Andrew Kuhn commented on the post, Some Thoughts on Calloway's Nursery, Inc. https://focusedcompounding.com/some-thoughts-on-calloways-nursery-inc/#comment-440 Sat, 02 Oct 2021 17:40:50 -0500 Yeah, all good questions. I did read in the some employee reviews that people feel underpaid

]]> deece55ad41772826e1073d72d5f3c36 Andrew Kuhn commented on the post, Some Thoughts on Calloway's Nursery, Inc. https://focusedcompounding.com/some-thoughts-on-calloways-nursery-inc/#comment-439 Sat, 02 Oct 2021 17:39:59 -0500 Thanks a lot!

]]> b7644cc262b26f6c4e0422bf8e9aeab5 Daniel Landy commented on the post, Some Thoughts on Calloway's Nursery, Inc. https://focusedcompounding.com/some-thoughts-on-calloways-nursery-inc/#comment-438 Fri, 01 Oct 2021 22:47:16 -0500 Loved the write-up. Interesting details about the employees. I wonder how employees like working for them and with how competitive the employment market is if they are hurting at all in terms of keeping that […]

]]> dd5a92be20048c7453f7ff66bec0b446 Matthew Toner commented on the post, Some Thoughts on Calloway's Nursery, Inc. https://focusedcompounding.com/some-thoughts-on-calloways-nursery-inc/#comment-437 Fri, 01 Oct 2021 16:11:51 -0500 great write up andrew thank you

]]> 179d08bdc3799ba0bef22fcd8b90f940 Andrew Kuhn wrote a new post https://focusedcompounding.com/?p=6968 Fri, 01 Oct 2021 15:57:23 -0500 I plan to use Focused Compounding as my investing journal. My “writeups” will be less structured than Geoff’s, but could serve as a starting point for members to research a new stock. My posts will literally be […]

]]> 6e8ef2a554ccd64cfe24dac0d116127f Geoff Gannon wrote a new post https://focusedcompounding.com/?p=6958 Sun, 22 Aug 2021 13:34:09 -0500 From time-to-time, I research a company where I think I’ll do a write-up of the stock and then discover it isn’t as interesting a situation as what I first thought. That’s the case here. Kingstone (KINS) seeme […]

]]> b3df082ec041709abf0f310f9964ec7c Geoff Gannon wrote a new post https://focusedcompounding.com/?p=6942 Thu, 03 Jun 2021 16:49:30 -0500 Over the last 10 years or so, Jewett-Cameron (JCTCF) has roughly quintupled its stock price while the company’s total revenue has remained basically the same.

There are some interesting signs here. But, I h […]

]]> eaba32c259cef3f37b35290fab2b0a59 Guy Nachmias's profile was updated https://focusedcompounding.com/activity/p/1829/ Sun, 23 May 2021 12:17:53 -0500 0 cd73140918a35b8713122d4e02ecdb81 Geoff Gannon wrote a new post https://focusedcompounding.com/?p=6929 Sun, 21 Mar 2021 13:10:30 -0500 This is a stock I talked about on a podcast with Andrew. It looked cheap based on the simple ratios you might use to decide if something’s a value stock. And the business of writing homeowner’s (and ren […]

]]> 5151d87890e61df78004fbb1def9b23d Ney Torres commented on the post, Why I Wouldn’t Worry About Risk-Adjusted Discount Rates https://focusedcompounding.com/why-i-wouldnt-worry-about-risk-adjusted-discount-rates-2/#comment-432 Mon, 01 Mar 2021 15:42:36 -0600 I would add a couple of observations.
1) in practical matters, your discount rate is the opportunity cost of your second best idea. Not necessarily an index, especially for people here. They are picking […]

]]> 20b1a5ba3ca484f543d34af07d31b5e6 jamesF commented on the post, Investors Title Company (ITIC): A Strong, Consistently Profitable Regional Title Insurer Trading at a Premium to Book Value https://focusedcompounding.com/investors-title-company-itic-a-strong-consistently-profitable-regional-title-insurer-trading-at-a-premium-to-book-value/#comment-431 Mon, 15 Feb 2021 15:04:08 -0600 Do they own their building / real estate in Chapel Hill? If so, that is one fine piece of real estate, right off of Franklin Street. That building could be worth 10-15mm if someone knocked it down and point in […]

]]> a5234427c8f50ecb82097f365da963dc Geoff Gannon wrote a new post https://focusedcompounding.com/?p=5412 Sun, 14 Feb 2021 18:14:15 -0600 Silvercrest Asset Management (SAMG) is an investment manager. It looks cheap if you expect it – as has been the case in the past – to do a good job of keeping its clients and keeping those clients keeping abo […]

]]> 4e23b0cc7537f32e942392d97d66916b Geoff Gannon wrote a new post https://focusedcompounding.com/?p=5407 Thu, 11 Feb 2021 21:48:35 -0600 This stock was brought to me by Andrew. He wanted to know more about the title insurance industry. ITIC is a publicly traded (it trades on NASDAQ) regional title insurer. There are four large, national title […]

]]> 4f657e854998d946c9b3b9e7f637dcd6 Julie Hurst commented on the post, Alico (ALCO): A Florida Orange Grower Selling Land, Paying Down Debt, and Focusing on its Core Business https://focusedcompounding.com/alico-alco-a-florida-orange-grower-selling-land-paying-down-debt-and-focusing-on-its-core-business/#comment-430 Sun, 07 Feb 2021 14:52:22 -0600 What about the effects of citrus greening? Is production falling over time? I assume much of replanting is to replace diseased trees. Huge issue for the industry, and can’t really value this stock without u […]

]]> af77b77a899fc683a287dd73edc87089 Geoff Gannon wrote a new post https://focusedcompounding.com/?p=5391 Sun, 07 Feb 2021 13:50:00 -0600 Alico (ALCO) is a landowner in Florida. The company is – or is quickly becoming – basically just an owner of citrus groves that produce oranges for use in Tropicana orange juice. The majority of the land Alico own […]

]]> 3bd671b989b8bde31c43988f208a4727 Ney Torres commented on the post, Psychemedics (PMD): A High Quality, Low Growth Business with a Dividend Yield Over 7% – And A Third of the Business About to Disappear https://focusedcompounding.com/psychemedics-pmd-a-high-quality-low-growth-business-with-a-dividend-yield-over-7-and-a-third-of-the-business-about-to-disappear/#comment-429 Sat, 05 Dec 2020 18:58:08 -0600 it may be time to revisit this post

]]> 957bfcf0873f1a11a2d7c7e497b3874a Alun Thomas commented on the post, Marcus (MCS): Per Share Value of the Hotel Assets https://focusedcompounding.com/marcus-mcs-per-share-value-of-the-hotel-assets/#comment-428 Mon, 23 Nov 2020 11:09:16 -0600 Geoff, quick question- how do you set your revisit prices ?
Cheers from London
Alun

]]> 0d2f02f26f6809e69d5d4b2cec9e3eae Geoff Gannon wrote a new post https://focusedcompounding.com/?p=4837 Thu, 19 Nov 2020 20:19:11 -0600 I’m revisiting Marcus (MCS) with an attempt to appraise the hotel side of the business. Andrew sent me some articles discussing property tax appraisal of Milwaukee hotels (including those owned by Marcus). I l […]

]]> ad3efa919353939371f1640d00711400 Geoff Gannon wrote a new post https://focusedcompounding.com/?p=5519 Mon, 16 Nov 2020 17:27:29 -0600 Investing in Trusts: Why Andrew and I Don’t Own Them, Why You Probably Won’t Want to Too – And How to Get Started if You’re Sure This is Really an Area You Want to Explore

Someone asked me a question about t […]

]]> 36e14c3d153d1fc675e9d84b1ac86bcb Geoff Gannon wrote a new post https://focusedcompounding.com/?p=4835 Fri, 13 Nov 2020 15:47:01 -0600 Marcus (MCS) is not an overlooked stock. Despite having a market cap of around $300 million – the level usually defined as the cut-off between a “micro cap” and a “small cap” stock – well over $10 million wor […]

]]> 35b717479273a9e322165d88b9bb0ca2 Geoff Gannon wrote a new post https://focusedcompounding.com/?p=5513 Wed, 11 Nov 2020 17:14:36 -0600 Someone asked me a question about using risk-adjusted discount rates when valuing stocks. Here’s my answer.

The discount rate for a stock should be the opportunity cost of putting money in it instead of s […]

]]> 6907faf04db50b23f591d9d54d54fd0b Geoff Gannon wrote a new post https://focusedcompounding.com/?p=5517 Tue, 10 Nov 2020 17:19:57 -0600 Someone asked me a question about relative valuations:

“There are a couple of instances when we can value the stock based on comparables. However, for me, I feel that there is something in the middle that I c […]

]]> 3e30a73e9d5646646d10ede110cab408 Geoff Gannon wrote a new post https://focusedcompounding.com/?p=5521 Mon, 09 Nov 2020 17:47:25 -0600 Someone asked me this question:

“Warren Buffett had commented that Coca-Cola has a durable competitive advantage. It is one of his ‘inevitables’. I am curious what is your thought on the investment merit of a […]

]]> 1cc5a828f42694fae5c9070689a98a18 Andrew Kuhn wrote a new post https://focusedcompounding.com/?p=4820 Fri, 30 Oct 2020 19:12:30 -0500 Interesting Articles from the Week:
Apple, Google and a Deal That Controls the Internet: Apple now receives an estimated $8 billion to $12 billion in annual payments — up from $1 billion a year in 2014 — in exc […]

]]> ed28707ebfa32ffd252aad00aac84b09 Geoff Gannon wrote a new post https://focusedcompounding.com/?p=5523 Thu, 29 Oct 2020 17:01:51 -0500 From a “100-bagger” type perspective, the criteria are pretty simple: 1) Is it a small stock (probably a micro-cap, definitely a small-cap)? – We’re talking

]]> 61f299b9ba26055f8116a2dccb87b624 Geoff Gannon wrote a new post https://focusedcompounding.com/?p=4818 Fri, 23 Oct 2020 22:36:22 -0500 I’m writing again about Hingham (HIFS), because someone asked me this question:

 

I was wondering how long it would take Geoff to talk about Hingham savings, seems to tick all his boxes – very low cost of fu […]

]]> d68063c5e543a3477724c1686a119f0b Geoff Gannon wrote a new post https://focusedcompounding.com/?p=4814 Sat, 17 Oct 2020 13:58:11 -0500 This is the one “higher quality, more expensive” bank I mentioned in the podcast Andrew and I did where we talked about like eight or so different U.S. banks. Hingham’s price-to-book (1.7x) is very high compa […]

]]> 2e2f14c416abc16cd708baf826da2630 Geoff Gannon wrote a new post https://focusedcompounding.com/?p=5525 Sat, 10 Oct 2020 17:06:22 -0500 Someone sent in this question:

When deciding to look for a bank, where do you start? What is your initial approach when finding a bank?

So, I don’t really have one specific thing I look for in a bank stock. […]

]]> dd3b3201e5b27c3e8089a820552516ba Geoff Gannon wrote a new post https://focusedcompounding.com/?p=5528 Wed, 07 Oct 2020 17:18:56 -0500 On a recent episode of the rundown – a weekly YouTube show with Andrew Kuhn and Vetle Forsland – Andrew asked the question of whether you could be a good investor without being a good stock picker and vice ver […]

]]> 02b91460107b042037ba56cbe3bfa3d7 Geoff Gannon wrote a new post https://focusedcompounding.com/?p=4806 Sun, 27 Sep 2020 21:16:04 -0500 This is a simple situation. But, you’ll want some background info before reading my take on it.

Information you might find useful about this one can be found at:

Clark Street Value

Hidden V […]

]]> b83b8200bfd29cfeab34c5e3df1629d8 Lixuan Zhou's profile was updated https://focusedcompounding.com/activity/p/1107/ Fri, 25 Sep 2020 01:24:19 -0500 0 0ddc9cc76351422996c126bc310befdf Geoff Gannon wrote a new post https://focusedcompounding.com/?p=5530 Thu, 24 Sep 2020 17:25:34 -0500 Dividends and Buybacks at Potentially Non-Durable Businesses: Altria (MO) vs. NACCO (NC)A Focused Compounding App subscriber had a question about something I said in a recent podcast: “In your recent podcast you said you thought a t […]

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