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?
The Value Investing Blog of Old School Value
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.
Buffett’s 2007 Annual Letter
Berkshire Hathaway’s 2007 letter has been out for a couple of weeks and I finally got around to reading it. As usual, it is a highly educational read, detailing Berkshire’s business performance as well as the wit and wisdom of Warren Buffett. Continue on to read a list of quotes that I believe to be insightful and invaluable as well as commentaries.
Free Discounted Cash Flow Spreadsheet
Get a free DCF spreadsheet here and I’ll show you how to use it. Plus, why is the premium spreadsheet so much better than the free one. Hint: the premium one automatically fills the sheet with data.
A Primer on Merger Arbitrage
I first came across the term merger arbitrage while reading Dhando Investor. A basic definition is the idea of taking […]
American Eagle Outstanding (AEO) Valuation
Seems like the current pull back clipped the wings of American Eagle. At its current price of $17.17 is it a superb deal or a value trap?
Free Benjamin Graham Formula Valuation Spreadsheet
In this article, I’ve applied Benjamin Graham’s formula to a free Graham Formula spreadsheet that will allow you to quickly value the intrinsic value of a company the Benjamin Graham way.
Five Don’ts & Five More Don’ts
As I continue reading one of the greatest investing books, Philip Fisher’s Common Stocks and Uncommon Profits, I thought I’d share some “Dont’s” in the book before I do a book review later on.<
, I thought I’d share some “Dont’s” in the book before I do a book review later on.< Stock Selling Strategies to Know When to Sell Stocks
Written by Jae Jun follow me on Facebook Twitter Stock Selling Strategies Buying stocks is easy, but do you have […]
Interest Rates & Macro Economics
At Old School Value, we are looking to buy great businesses. If buying a great business is the objective, interest rates and macro economics should not affect your overall decision. Lately, the fed has been slashing rates and although it may provide a quick 1 day rally, it is short lived and forgotten. Buying stocks on the assumption that prices will rise due to a rate cut is pure speculation.
