Sometimes I break my own investing rules. For example in the last post I mentioned how classic value investors avoid financial firms due to the historical instances of weak balance sheets and cavalier use of leverage. I took a particular swipe at Fairpoint Group (FRP) commenting that: assets of £10.6 million is listed as ‘unbilled income’ – well if income is unbilled how … [Read more...] about Long Provident Financial at 585p
In a series of posts that sprang from Warren Buffett's latest 13F filing I have responded to two questions on social media regarding the improved fortunes of Southwest Airlines (NYSE: LUV): @djthomas would be interesting to post your GM% improvement for LUV against oil prices to see how much correlation there is. Bet it's a lot. — Peter Harris (@2peterharris) March 20, … [Read more...] about Southwest Airlines (NYSE: LUV) Gross Margin % v Oil Price: Is There A Correlation?
LGO Energy (LSE: LGO) is an AIM listed oil and gas producer with onshore assets in Trinidad and Spain. From their annual report for the twelve months to 31 December 2014: During 2014, as in 2013, the operational management of LGO concentrated primarily on advancing the field development operations in trinidad. this involved drilling the first operated well in LGO’s history, … [Read more...] about LGO Energy: The Oil And Gas Vampire
I've written about Walter Schloss often on this site and for good reason: he took Benjamin Graham's original value investing philosophy and ran with it for the rest of his career and made a fortune for himself and his clients. Instead of a long-form blog post about Schloss I thought I'd share with you a collection of quotes from the man himself. When I read the proof copy … [Read more...] about 89 Awesome Value Investing Quotes From Walter Schloss
In part from this recent post and a recent comment on this post, today's post will show you how you can screen for UK stocks that are selling below their cash using ADVFN. The following procedure assumes that you already have a free ADVFN account. If not you can sign up here. How To Screen For UK Stocks Selling Below Their Cash Once you've logged into ADVFN click on … [Read more...] about How To Screen For UK Stocks Selling Below Their Cash