Quan and I did an issue on Breeze-Eastern last year. The stock has since been acquired by TransDigm (TDG). When we did the issue Breeze-Eastern was priced at $11.38 a share. We appraised the stock at $15.02 a share. TransDigm would later...
Quan and I have picked 19 stocks over the last couple years. One of those stocks, Babcock & Wilcox, split into two different stocks. So, there are 20 stocks that had our blessing. Six of these are not good choices for you to look at....
Quan and I have picked 19 stocks over the last couple years. One of those stocks, Babcock & Wilcox, split into two different stocks. So, there are 20 stocks that had our blessing. Six of these are not good choices for you to look at....
I spend about 10-15% of my time crunching data. That sounds tedious but I actually enjoy this task. It forces me to pay attention to details, checking any irregularity I see in the numbers and trying to tell a story out of the numbers. My...
Moat is really about protecting a company’s profit as Warren Buffett said: “You give me a billion dollars and tell me to go into the chewing gum business and try to make a real dent in Wrigley’s. I can’t do it. That is how I think about...
Geoff said in the last post that: “simply learning to love illiquidity, boredom, and a lack of headlines in your portfolio might be enough to improve your returns.” The key word is boredom. I think 3 main reasons for a stock to be boring...
One of my favorite blogs, Value and Opportunity, recently did a post about how the best value stocks are often those that are not cheap by the most obvious numbers (P/E, P/B, etc.). The post is entitled “Value Investing Strategy: Cheap...
I was reading an interview with the mutual fund manager Wally Weitz when I noticed he kept mentioning the “price to value” of his portfolio. He calculates what he thinks the intrinsic value of each holding in his portfolio is. Then he...
© 2025 All Rights Reserved.