Value Investing News

This article argues that buying net-nets isn't about buying stocks based on their liquidation value but rather about buying stocks that will eventually have mean reverting returns on capital. Net-net investing is just buying capital on the cheap.

Advertisement:

Geoff Gannon gives two tips on how to get started with a career in value investing. He says you should write a blog and write research reports. He gives advice on how to do both.

Geoff Gannon talks about where he gets investing ideas. He uses 4 examples: Bancinsruance (BCIS), Birner Dental (BDMS), George Risk (RSKIA), and Solitron Devices (SODI). He says he reads blogs and runs screens.

Geoff Gannon answers a reader question about what to look for in a going private transaction. How do you know if the deal will go through? What kind of return should you look for. The question is about Bancinsurance (BCIS).

Geoff writes about how to use retained earnings to find stocks trading below net current asset value that are worth studying. Talks about Benjamin Graham.

Article performs a complete side-by-side comparison of Warren Buffett's stock portfolio and Lou Simpson's stock portfolio. Both invest on behalf of Berkshire Hathaway (BRK.B). Simpson invests for GEICO.

Geoff Gannon goes through Berkshire Hathaway (BRK.B) 13F and separates Lou Simpson's GEICO portfolio from Warren Buffett's own buys and sells. This article lists the 22 stocks in GEICO's portfolio and the amount allocated to each.

Article looks at the way Warren Buffett's mentor, Benjamin Graham, would analyze a stock like Barnes & Noble (BKS). Graham's analysis would look at margin of safety, earnings averages and trends, and think of the stock like it was actually a bond.

Geoff Gannon interviews Jon Heller of Cheap stocks about net/nets, water stocks, and land stocks. This 1 hr 30 minute interview focuses mainly on small stocks trading below their net current asset value.

Geoff Gannon interviews Asif Suria, author of the free investment newsletter SINLetter. In this 29 minute interview, Asif discusses stocks including Activision (ATVI), Glu Mobile (GLUU), LionsGate (LGF), Marcus (MCS), and Teva (TEVA).

Geoff Gannon interviews George of Fat Pitch Financials and Value Investing News. In this 61 minute interview George talks about special situations investing, wide moat investing, social media, and other investing and technology topics.

Geoff Gannon interviews Tariq Ali, author of the Street Capitalist value investing blog. In this 38 minute interview, they discuss Tariq's investments past and present. Stocks include: Fairfax (FFH), Madison Square Garden(MSG), and Air Transport(ATSG).

Geoff answers a listener question about Exxon’s intrinsic value. He compares Exxon Mobil (XOM) and Microsoft (MSFT). He uses 10-year free cash flow data to calculate the intrinsic value of each stock. Then he uses the intrinsic value estimates to predict investor returns in Exxon and Microsoft over the next 10 years.

Geoff answers a listener question about the BlackRock Latin America Fund. He uses data from Morningstar to show that while the fund has done great, investors in the fund have done badly. Geoff explains that the difference between the 10% and 20% returns the fund has posted and the 1% and 2% returns investors have received is due to bad timing on the part of investors.

Geoff answers a listener question about seasonal businesses. He says investors shouldn't penalize a stock for having a seasonal business. Warren Buffett bought See's candy. And See's is an incredibly seasonal business. Finally, Geoff analyzes slipper maker R.G. Barry (DFZ) .