Hammond Manufacturing revisited, still cheap at 54% of BV and 6.2x earnings

(via www.oddballstocks.com)

If I have one weakness on this blog it's the failure to follow up on companies I've previously posted about.  To readers my process appears to be the following: research a company, write them up, never mention them again.  I tend to keep up with most of the companies I post about, if not...

Dividend Growth Stocks: Colgate-Palmolive (CL) Dividend Stock Analysis

(via www.dividend-growth-stocks.com)

Colgate-Palmolive Company (Colgate) is a major consumer products company markets oral, personal and household care and pet nutrition products in more than 200 countries and territories. Linked here is a detailed analysis and commentary...

Of Faith and Markets

(via alephblog.com)

Here’s another letter from a reader.  If reading about my faith turns you off, stop reading now, because this will be thicker than usual. Hi David,  I’ve just started reading your blog, and greatly enjoy it. I noticed you integrated your faith with your perception of the world and...

New Stocks In Magic Formula Investing for Week of 7/27/2014

(via www.magicdiligence.com)

What's new in the Magic Formula® screens this week? Quite a lot of turnover, actually.

On Returns-Based Style Analysis

(via alephblog.com)

Sometime in the next few weeks, I am going to dig into my pre-2003 [pre-RealMoney] files and see if there is anything there to share with readers.  Most of my best stories I have already told in my various series.  The one I will tell tonight I don’t think I have told. In 1994, we […]

Performance - Week Ending 07/25/2014

(via waxink.blogspot.com)

If investors know that investing, like crossing a street, involves risk, why are so many of them run over everyday by oncoming traffic?

Balancing Quality Against Valuation

(via alephblog.com)

A letter from a reader: Hi David, I am XXX, from India. I started reading your blog since few months. Few of the things i learnt, and much more are really complex for me to understand, the learning is ON. Somehow i decided that ” being good value investor and control the behaviour” is a...

Odey Reveals Tungsten Corporation Stake

(via www.marketfolly.com)

Crispin Odey's Odey Asset Management has disclosed a new position in London listed Tungsten Corporation (LON: TUNG).  Due to trading on July 21st, Odey hold 5.21% of Tungsten's voting rights.

Other large investors in Tungsten include Wellington Management with 5% and GLG Partners with...

Citadel Discloses New Stake in Blackhawk Network

(via www.marketfolly.com)

Ken Griffin's Citadel has filed a 13G with the SEC regarding shares of Blackhawk Network (HAWK).  Per the filing, Citadel now owns 5.2% of the company with 653,618 shares. 

This is a brand new position for them and the filing was made due to activity on July 22nd.  HAWK completed...

What We're Reading ~ Hedge Fund Links 7/25/14

(via www.marketfolly.com)

Glenview keeps the gains going [II Alpha]

Tales of the death of hedge funds have been greatly exaggerated [Ritholtz]

JANA takes new position in Apache [ValueWalk]

Hedge funds, Google and the "right to be forgotten" [HF Intelligence]

The big money still loves hedge funds [CNBC]

Elliott pushes...

Greenlight Capital Q2 Letter: Einhorn Reveals Lam Research Stake

(via www.marketfolly.com)

David Einhorn's hedge fund Greenlight Capital was up 7.9% net in the second quarter and is up 6.4% for the year.  In their Q2 letter, Greenlight reveals a new position in Lam Research (LRCX).

They see the company as a beneficiary as the process of converting semiconductor designs into chips...

Valuing community banks

(via www.oddballstocks.com)

Most investors are familiar with the valuation techniques used to value non-financial companies.  A number of different models are used from relative valuation, to discounted cash flows,  multiples comparison, dividend yield, and others.  To a beginning investor these techniques seem...

Dividend Growth Stocks: 5 Stocks Building Long-Term Wealth With Increased Dividends

(via www.dividend-growth-stocks.com)

Forget about those 'Make 534% On Every Trade' ads that you see on many financial websites. Real wealth is built with sweat equity and a sound financial plan. A long-term buy-and-hold investing approach focusing on quality dividend growth stocks has provided the means for many investors to enjoy a comfortable retirement.

Outerwall (OUTR) Is Too Cheap, Could Go Up 48%

(via www.magicdiligence.com)

Outerwall runs the ubiquitous Redbox movie rental and Coinstar coin counting machines located in retailers all over the U.S. The stock looks cheap and could have substantial upside.

Book Review: Panic, Prosperity, and Progress

(via alephblog.com)

I love economic history books, and I believe that most investors should read economic history.  History offers a broader paradigm for analyzing investment situations than mathematical models do. Mark Twain is overquoted on this, but only because he deserves to be quoted: “History doesn’t...