In support of my fellow blogger and member of The Div-Net, Nurseb911 from Triaging My Way To Financial Success is hosting a giveaway to a lucky subscriber. The prize is a hardcover copy of the new Warren Buffett book, The Snowball: Warren Buffett And The Business Of Life, by Alice Schroeder, due out September 29th, 2008.
The conditions are very simple so don’t miss out.
The blog content is informative and well thought out so you have the opportunity for a double whammy!
- Nurseb911
Thanks for the mention Jae!!
But you do realize that the more people you help to sign up just lowers your odds of winning right?
Haha.
- Jae Jun
The thought of winning in a hotly contested competition is more exciting
Besides, I could always buy the book myself hahaha
My very wise fiancee told me I shouldn’t skimp on books.
- Nurseb911
My soon to be fiancee is trying to convince me to let “her” read the book before I send it off to the winner!
- Luis
Hey Jae,
I saw your comment on Google chat on UTX. Interested to hear your analysis….. I established a position at $59 range and think its a great company. Very well diversified conglomerate with business’ with in it that have good moats. Interested to see what you come up with.
Best regards.
- Jae Jun
The last time I looked at it I didn’t fully understand the entire business so I passed. But looking at the numbers, here’s my quick opinion on the quantitative aspect.
Great performing company with a good predictable growth in earnings and cash.
PLENTY of cash on hand but I’ll have to dig into the 8billion and growing debt.
ROE consistently above > 20% is excellent although it has dropped from 30% 10 years ago.
Good steady margins convey that the company is not in an industry involved in price wars and the methods/processes UTX employs is effective.
Using a 9% discount rate because of its performance of steady earnings and cash, the company seems to worth around the 90’s. Unfortunately, it’s not at a big enough discount for me but it is on my watch list for further study and monitoring.
- Dividend Growth Investor
Yeah UTX is a solid performer. Pretty much most of the stocks in Dow Jones Industrials average are solid companies..