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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: 56 Words: 1708]
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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 ...
[Added: 09 Mar 2006 Hits: 68 Words: 1276]
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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 exactly half of ...
[Added: 03 Mar 2006 Hits: 116 Words: 3607]
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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 web search and never will. There are real problems with Google's model ...
[Added: 02 Mar 2006 Hits: 65 Words: 1146]
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5. | The Logic Behind Technical Analysis
Let me first say that I do not now engage in technical analysis; nor, have I ever engaged in technical analysis. I do not believe doing so would be a productive use of my time.
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[Added: 25 Feb 2006 Hits: 61 Words: 1442]
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6. | 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) ...
[Added: 18 Feb 2006 Hits: 79 Words: 1053]
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7. | 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: 57 Words: 1330]
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8. | 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 ...
[Added: 10 Feb 2006 Hits: 61 Words: 596]
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9. | 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 ...
[Added: 03 Feb 2006 Hits: 49 Words: 518]
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10. | 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: 57 Words: 1873]
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