I covered BT recently where we took a brief look at it's accounting scandal in one of it's Italian businesses and decided that it did not have a sufficient margin of safety to buy stock. At the same time BT (LSE: BT.A) reported a 51% decline in third quarter in net profits as a result of the Italian business write-down. Compounding the issue BT warned revenue for the … [Read more...] about Is There A Clear And Present Margin Of Safety In BT Stock?
margin of safety
So towards the end of last year whilst digging through some old paperwork I came across an old private pension. On closer inspection I found that it was well over 10 years old and had returned 5% annualised which includes ad-hoc contributions I'd made years earlier. 5% annualised is less than some index trackers I've seen which have exceptionally low management fees and … [Read more...] about How I’m Growing My Retirement Fund With Low-Cost Value Investing
From the mailbag, Paul writes: "I have to ask David, what are your thoughts on Tesco? Lost 1/3rd of market cap in a short time and now a forward yield of 6%. It is still a market leader and surely makes enough cash to turn the decline around, though admittedly it is a but like turning an oil tanker. Whilst I don't live in the UK at present, I was visiting recently and I … [Read more...] about Is The Tesco Share Price Decline A Green Light To Load Up?
Premium subscribers to The Value Investor Report were first alerted to this mining stock on 6 June 2014. Since then it has soared 13.47% as at yesterday's close. I believe there is still more to come. A lot more. My conviction stems from the fact that this is a mining company that frankly should never have been sold off quite as badly as it did; it was a simple case of … [Read more...] about 13.47% Gain In Six Weeks. . . And There’s More To Come
I have plans to initiate a position in regard to stocks mentioned in this article. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from subscribers to Premium Membership). I have no business relationship with any company whose stock is mentioned in this article. Buying fear is the very idea of value … [Read more...] about A Brilliant Example Of Buying Fear