Geoff Gannon wrote a new post 4 years, 8 months ago
by GEOFF GANNON
This is my initial interest post for Monarch Cement (MCEM). I’m going to do things a little differently this time. My former Singular Diligence co-writer, Quan, emailed me asking my thoughts on M […]
Geoff Gannon wrote a new post 4 years, 8 months ago
by VETLE FORSLAND
In the middle of June this year, Norbit ASA (ticker: NORBIT) went public on the Oslo stock exchange at 20 kroner per share, after earlier aiming for an IPO price between 23 kroner per share […]
Geoff Gannon wrote a new post 4 years, 8 months ago
by JONATHAN DANIELSON
Waste Management is not a cheap stock. It does, however, have nearly all the markers of a really good business. And it doesn’t necessarily look overvalued at these levels either. It leads i […]
Geoff Gannon wrote a new post 4 years, 8 months ago
by REID HUDSON
FFD Financial Corp. (FFDF) is a small Ohio bank holding company that owns all the outstanding shares of First Federal Community Bank. It is headquartered in the town of Dover, Ohio, where it also […]
Geoff Gannon wrote a new post 4 years, 8 months ago
By GEOFF GANNON
Investors often overestimate the reduction in volatility they will get from diversification and underestimate the reduction in volatility they will get from simply owning stocks with a beta less […]
Geoff Gannon wrote a new post 4 years, 9 months ago
Writeup by Thomas Niel
Innovative Food Holdings (OTC: IVFH), is a micro-cap specialty foods distributor selling at a sharp discount to its peers. This discount is not irrational, as the company has two […]
Geoff Gannon wrote a new post 4 years, 9 months ago
by GEOFF GANNON
Truxton (TRUX) is an illiquid, micro-cap bank stock. TRUX is not listed on any stock exchange. It trades “over-the-counter”. And it does not file with the SEC.
The bank has two locations (on […]
Geoff Gannon wrote a new post 4 years, 9 months ago
Jubilee Holdings Ltd: East Africa’s Largest and Most Profitable Insurance Company Is Hidden Behind a Thinly Traded Stock
By John M. Kamara
JUBI(Ticker Symbol – “JUBI” in Nairobi) is an insurance h […]
Geoff Gannon wrote a new post 4 years, 10 months ago
by WARWICK BAGNALL
United Plantations Berhad (KLSE:UTDPLT, UP for the sake of brevity) is an integrated palm oil plantation, milling and refining company (plus a small coconut plantation). It’s currently t […]
Geoff Gannon commented on the post, Keweenaw Land Association (KEWL) 4 years, 10 months ago
I have no thoughts on the CFO leaving.
Geoff Gannon commented on the post, NACCO (NC): A Contract Coal Miner with Stable Inflation Linked Profit Per Ton, a P/E of 10, a Strong Moat, and No Leverage 4 years, 10 months ago
Jeff,
The foreign stock is a 20% position. Andrew disclosed this on Twitter, I think.
I would only reveal it if we got all the shares we wanted and also – probably – if the stock is not too, too illiquid / […]
Geoff Gannon wrote a new post 4 years, 10 months ago
by JONATHAN DANIELSON
Tailored Brands is the company behind the brand names Men’s Wearhouse (MW) and Jos. A Bank (JOSB). As you can probably guess, Tailored Brands operates in the specialty retail in […]
Geoff Gannon commented on the post, Revisiting Keweenaw Land Association (KEWL): The Annual Report and the Once Every 3-Year Appraisal of its Timberland Are Out 4 years, 10 months ago
I don’t have a link for you.
Geoff Gannon commented on the post, NACCO (NC): A Contract Coal Miner with Stable Inflation Linked Profit Per Ton, a P/E of 10, a Strong Moat, and No Leverage 4 years, 10 months ago
Jeff,
No. I’m not sure I would make it a 50% position personally at today’s valuation.
I own it in the managed accounts now. It has never been close to 50% in those. However, it’s true I have not sold the […]
Geoff Gannon commented on the post, Revisiting Keweenaw Land Association (KEWL): The Annual Report and the Once Every 3-Year Appraisal of its Timberland Are Out 4 years, 10 months ago
Miguel,
Yes. I agree. I think there will always be a place for KEWL. However, I also think timberland in the South is more valuable than in the North. And, yes, over time there has been a shift to more […]
Geoff Gannon wrote a new post 4 years, 10 months ago
by STEPHEN GAMBLE
Overview
NACCO is primarily a services company, in the guise of a coal mining company, deriving all of its revenues from its US operations. It provides the service of managing mines […]
Geoff Gannon wrote a new post 4 years, 10 months ago
by JONATHAN DANIELSON
ServiceMaster spun-off their home warranty segment, principally the American Home Shield brand, under the new corporate guise “frontdoor, inc.” back in October of 2018. This spin […]
Geoff Gannon wrote a new post 4 years, 11 months ago
WRITE-UP BY PHILIP HUTCHINSON
Overview
Games Workshop Group plc (“GAW” or “GW”) – which trades in London under the ticker “GAW” – is by far and away the dominant publisher of tabletop wargames […]
Geoff Gannon commented on the post, “Farmer Mac” A.K.A. Federal Agricultural Mortgage Corporation (AGM): The Freddie Mac of Farms and Ranches Has a P/E Below 9 and an ROE Above Most Banks 4 years, 11 months ago
Jeff,
That “automatic exclusion” is just for the accounts I manage. It’s not necessarily EXACTLY what I’d do with my own money if I wasn’t managing accounts for clients. I have always focused on overlooked […]
Geoff Gannon commented on the post, “Farmer Mac” A.K.A. Federal Agricultural Mortgage Corporation (AGM): The Freddie Mac of Farms and Ranches Has a P/E Below 9 and an ROE Above Most Banks 4 years, 11 months ago
Luke,
“How did you calculate your estimate of their 35:1 leverage ratio?”
At the last 10-Q total assets were $19.8 billion and total equity was $763 million. So, this is 26 times leverage ($19.8/$763 million […]