Value Investing News

Lockheed Martin Corp. is the world's largest military weapons manufacturer, and is also a significant supplier to NASA and other non-defense government agencies. LMT receives about 93% of its revenues from global defense sales. Linked here is a detailed analysis and commentary.

Fair value is really a simple concept. Given some select information such as dividends, dividend growth, holding period, discount rate and few other inputs, one can easily calculate the fair value of a stock. As with most simple things, the devil is in the details - the inputs must be correct to calculate a reasonable fair value, otherwise, garbage in, garbage out.

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Once again it is time for a goals/progress update. I am pleased to report that annualized dividend income increased in December, extending the streak to 18 consecutive months of increases after June 2010's decline. Since I began publicly tracking annualized dividend income in November 2007, it has increased in 47 of the last 49 months.

Before the internet and even before computers, critical financial information was printed daily in newspapers. Though many newspaper still print this information, most people find it easier (and faster) to get information on their stocks from financial websites. So back when financial information was a tedious and manual process what was considered relevant enough to warrant inclusion?

Most of us who managed to stay awake in our high school history class are familiar with the “guns and butter” debate that dominated American politics back in the 1960’s. It was a time when our country was mired in the upheavals of an unpopular foreign Most of us who managed to stay awake in our high school history class are familiar with the

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Weekly roundup of stocks moving into and out of Joel Greenblatt's Magic Formula Investing screens.

Weekly roundup of stocks moving in and out of Joel Greenblatt's Magic Formula Investing screens.

Growth or yield? In a perfect world, income investors would want both from their investments and are not interested in investments that offer neither. This is where the common ground ends, and the debate begins. Without the benefit of a perfect world, we are left with the middle ground which is a balancing act between growth and yield.

Weekly roundup of stocks moving in and out of Joel Greenblatt's Magic Formula Investing screens.

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The income statement is where you find all the metrics that The Street loves. It therefore must be the most important financial statement. Not! That title goes to the lowly cash flow statement. Ultimately cash flow is what drives the value of any financial asset, including dividend stocks.

General Dynamics is the world's fifth largest military contractor and also one of the world's biggest makers of corporate jets. Linked here is a detailed analysis and commentary.

Payback is the amount of time needed for an investment to earn its cost, undiscounted. Once you earn back your investment, some might say you are in a no-lose situation. I wouldn’t go quite that far, but you have found an investment that that has provided you a good historical revenue stream, and hopefully it will continue to do so in the future.

Weekly roundup of stocks moving in and out of Joel Greenblatt's Magic Formula Investing screens.

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The Pocket Change Portfolio (PCP) was first introduced on September 13, 2008 as a real money dividend income portfolio funded by the "pocket change" earned from my various online endeavors. Each month I report on the portfolio's progress and update its holdings.

Weekly roundup of stocks moving in and out of Joel Greenblatt's Magic Formula Investing screens.