Wesco Aircraft: Discarded Value in a Market of Increasing Risk and Uncertainty

October 17, 2017 | Read Now

Wesco Aircraft (WAIR) sparked my interest after ranking value attributes for a basket of over 3,000 companies. At first it was the large debt reduction since 2014. Then the aggressive and historical outsized insider buying over the past two months, mean reverting stock performance with a -44% 52-week price change near 52 week low.

pat trans

A Forgotten Undervalued Spin-off

July 16, 2017 | Read Now

What You’ll Learn
– Why this company is a value outlier
– Past performance and numbers
– Why I think this company is undervalued

VAALCO opportunity

This Ugly and Ignored Stock is an Undervalued Opportunity

July 12, 2017 | Read Now

What You’ll Learn
– Criteria I used to find VAALCO
– VAALCO performance and numbers
– Why I think there is an opportunity with VAALCO

acacia research

Acacia Research (ACTG) Opportunity

June 8, 2017 | Read Now

To sum up Acacia Research, it’s this:
– Unique value
– No catalyst
– Net cash 64% of market cap
– Insider buying
– 52 week low

Read on to learn more…

dempster mill

Buffett’s Dempster Mill Manufacturing Investment Q&A

June 7, 2017 | Read Now

What You’ll Learn
– A Q&A based on the Dempster Mill case study
– Brief discussion behind Buffett’s investment

“When control of a company is obtained, obviously what then becomes all-important is the value of assets, not the market quotation for a piece of paper (stock certificate).” —Warren Buffett

Value Creation Checklist: Measuring the Moat

May 31, 2017 | Read Now

The most important thing to me is figuring out how big a moat there is around the business. What I love, of course, is a big castle and a big moat with piranhas and crocodiles. ―Warren Buffett

Below is an excerpt of “a complete checklist of questions to guide the strategic analysis” published in the paper Measuring the Moat: Assessing the Magnitude and Sustainability of Value Creation, written by Michael J. Mauboussin and Dan Callahan.

3 Magic Formula Stocks Ready to Move Up

May 30, 2017 | Read Now

What You’ll Learn

The Basics of the Magic Formula
How I get Magic Formula Stock Ideas
3 Magic Formula Stocks to Consider

Most business schools ignore value investing, focusing more on the efficient market model and all the math that goes along with that. – Joel Greenblatt
Do what everyone else does and you’ll just get the same results.
But does the Magic Formula really work?

patient investors

Deep Value Opportunity for Patient Investors

May 22, 2017 | Read Now

What You’ll Learn
– History and business of Pendrell
– Quick valuation target
– My reason for buying Pendrell

I’m starting with a warning.

Illiquid, closely held, de-registration (suspending SEC reporting), susceptible towards an unfriendly shareholder environment. The negatives are significant and is only suitable for patient long term investors.

But I’m embracing the words of Mohnish Pabrai’s, “Heads I Win, Tails I Don’t Lose Much”.

How To Make Money With Cheap Stocks Like InfoSonics

May 2, 2017 | Read Now

What You’ll Learn:

– Whether InfoSonics is a buy
– How Buffett calculated net nets
– Graham Net Net checklist review and how to find cheap stocks

Currently IFON is sitting at a market cap of $9M.
The important question to answer is whether IFON is cheap enough to buy after the 15% drop. I’ll work through the company and numbers and you’ll get my answer at the bottom.

H&M – How to Analyze a Retail Fashion Company

April 17, 2017 | Read Now

The story of H&M goes back to 1947 when Erling Persson – father to Stefan Persson (Chariman of the Board) and grandfather of current CEO Karl-Johan Persson – opened the first store. Since then, H&M has grown and expanded its business internationally. At the end of its latest full fiscal year in 2015 it operated a total of 3,924 stores in 61 different markets around the globe with total sales of 181 billion (fiscal year 2015). As of 31 August 2016 the group had 4,135 of which 176 were franchise stores.

Ready to try Old School Value?