Although finding great, stable companies with more than 10 years of history to examine is ideal, not all companies fall into this category. A boat load of companies fall into the category of around 5 years of operational history. This modified spreadsheet calculates the intrinsic value based on the last 5 years and I’ll also take you through the steps to modify the spreadsheet yourself so that you can apply it to other databases other than Morningstar.
A Nice Magic Trick: Mutual Funds
I don’t like mutual funds. Not because of the excessive fees and not because 95% (or more) underperform the market. I don’t like or invest in mutual funds mainly because I don’t have the temperament for them and I can’t stand their sleight of hand.
The Little Book That Builds Wealth Investment Book Review
The Little Book That Builds Wealth The Little Book That Builds Wealth – What You Can Learn Warren Buffett mentions moats […]
K-Tron (KTII) Business Valuation
Gone are the days where people wearing coats, gloves and nets in their hair, stood in a line counting/measuring and packaging nuts & bolts, grain, chemical, pills, food etc.
Nowadays, factories, companies, assembly lines all automate for precision and efficiency. How? With feeders,conveying systems and other related equipments handling bulk solids. I find the business boring don’t you? Yet, I am excited by this boredom.
Fisher’s 15 Point Checklist: AeroGrow (AERO)
As with all companies, a thorough understanding is required in order to maximize returns and keep your cool even when the stock price falls. But how do we go about understanding? Not everyone is in the position to do for themselves much of what is needed to get the most from their investments. That is where the 15 point checklist by Philip Fisher comes in handy. It acts as a guide to your investment research. The following is my scuttlebutt for AeroGrow. You may also read my first valuation report on AeroGrow.
comes in handy. It acts as a guide to your investment research. The following is my scuttlebutt for AeroGrow. You may also read Book review: Warren Buffett Speaks
Warren Buffett Speaks Warren Buffett Speaks – What You Can Learn Warren Buffett Speaks; Wit and Wisdom from the World’s […]
AeroGrow (AERO) Valuation
Living in an apartment in Seattle doesn’t offer much opportunity to grow your own small plants or herbs. The endless cloudy days and the small square footage doesn’t help the cause either. I don’t like gardening and planting but I do want to be able to eat (if possible organic) fresh salads, herbs and other vegetation without having to visit the grocery store so often. So I’ve recently become greatly interested by Aerogrow, a company that has a product line that seems to solve the dilemma for people like myself.
Investing Book Review: Financial Statements
Financial Statements: A Step-By-Step Guide to Understanding and Creating Financial Reports is a great book for those that want a deeper understanding of financial statements or are starting out in accounting. It is concise and straight to the point with lots of clarity. It focuses on explaining the basics, how all parts of the financial statements interact and provides examples of how it works.
K-Swiss Valuation (KSWS)
Value stock or value trap? K-Swiss, a simple, easy to understand business which is probably within everybody’s circle of competence. K-Swiss operates in the athletic footwear business designing and marketing mainly tennis and casual shoes to the teen market. Currently down to the $16’s, how is it as an investment?
Uncertainty Rating – What is it?
A recent article by Pat Dorsey on Morningstar raised my interest the other day. Morningstar has come up with an additional valuation rating when providing the fair value for companies; the uncertainty factor. Since the future can never be accurately predicted and is only an assumption, a level of uncertainty always exists with any valuation.
