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
Relatively unpopular large company
A reader has recently asked two very interesting questions after reading the post on Volkswagen's potentially criminal behavior and subsequent 40% share price decline: Do you think it has currently dropped enough, or is this just the start, to create an excellent Margin of Safety? Are there any other largely unpopular companies following along the Graham model that you … [Read more...] about Are There Any More Relatively Unpopular Large Companies Like Volkswagen?
The lovely kind of mayhem that is currently engulfing VW together with it's 40% share price decline over the last two days makes it a relatively unpopular large company. It's funny. The other day I had an interesting tweet in response to Monday's article titled How To Invest In Stocks Like Benjamin Graham. Basically - sadly as is normal with the Twittersphere - the … [Read more...] about 40% Drop In Share Price Makes Volkswagen A Relatively Unpopular Large Company
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?
On June 9 2014 Premium Subscribers to The Value Investor Report were alerted to the undervalued Kazakhmys (LSE: KAZ), a London-listed copper miner that has fallen on hard times. That was at 282p a share when Kaz was trading at 50% of tangible book. The shares are now trading at 309p a share and they recently peaked at 354p on July 24. But that's not the whole … [Read more...] about FREE STOCK REPORT: Kazakhmys (LSE: KAZ)