Geoff Gannon

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]