1.||The Wonders and Horrors of Compounding|
Google Price Target: $16,578.90
Some of you will immediately recognize this headline is a joke. For the rest of you, I was kind of hoping the ninety cents part would give it away.
If you're ...
[Added: 10 Mar 2006 Hits: 388 Words: 1708]
2.||Why Return on Assets is the Hit by Pitch of Investing|
Despite all appearances to the contrary, this is an article about investing - not baseball. So, to those of you who love reading about investing but hate reading about baseball: don't be deterred. It's worth reading all the way ...
[Added: 09 Mar 2006 Hits: 357 Words: 1276]
3.||An Analysis of Energizer Holdings (ENR)|
Energizer Holdings (ENR) owns two of the world's great brands: Energizer and Schick. Currently, about 70% of the company's sales come from the battery business and 30% come from the razor and blades business. International sales (from both businesses) account for almost ...
[Added: 03 Mar 2006 Hits: 1165 Words: 3607]
4.||Comparing Google's Search Franchise to McCormick's Spice Franchise|
Google has a competitive advantage. In fact, one might even say it has a franchise in web search. I wouldn't say that. I mean, Google does have a franchise; but, it doesn't have a monopoly on ...
[Added: 02 Mar 2006 Hits: 347 Words: 1146]
5.||An Analysis of Overstock.com (OSTK)|
Why is a value investor writing about an unprofitable internet company? Because value investing is about finding dollars that trade for fifty cents; with a market cap of less than 75% of sales, Overstock.com (OSTK) looks like it may be exactly that.
But isn't it too risky?
[Added: 18 Feb 2006 Hits: 347 Words: 1053]
6.||An Analysis of Lexmark (LXK)|
In 2005, Berkshire Hathaway bought about a million shares of Lexmark. I haven't followed this story closely, but I assume the stock was purchased by Lou Simpson rather than Warren Buffett. I have only two reasons ...
[Added: 14 Feb 2006 Hits: 565 Words: 1330]
7.||Against the Top Down Approach to Picking Stocks|
If you have heard fund managers talk about the way they invest, you know a great many employ a top down approach. First, they decide how much of their portfolio to allocate to stocks and how much to allocate to bonds. At this point, they may also decide upon ...
[Added: 10 Feb 2006 Hits: 320 Words: 596]
8.||Why Are Duopolies So Competitive?|
A duopoly is a situation in which two firms control nearly all of the market for a product or service.
Duopolies can be surprisingly competitive. If you remember that the price of a product or service is determined solely by the highest losing ...
[Added: 03 Feb 2006 Hits: 271 Words: 518]
9.||On Formulaic Investing|
One question almost every investor asks at some point is whether it is possible to achieve above market returns by selecting a diversified group of stocks according to some formula, rather than having to evaluate each stock from every angle. There are obvious advantages to such a ...
[Added: 27 Jan 2006 Hits: 280 Words: 1873]