Thanks for the opportunity to use the ancient meme. One of the peculiar risks of value investing is that the underpriced company that you spent all that time and effort analyzing will be bought out from under you before the gap between its price and intrinsic value is resolved. Ordinarily the acquisition comes at a […]
It is always difficult being a minority shareholder. Well, obviously most people reading this are not going to be the majority shareholder of a public company (and if you are, I am available for consultation at reasonable rates). But I mean a minority shareholder of a company that has a such majority holder or group […]
…but nobody to know what it is. This line was originally chosen to describe a company that was floated alongside the South Sea Bubble in England. And although unfortunately this company seems to be fictitious, there are certainly businesses who could stand to be a little more helpful in describing what products or services they […]
I’m sure someone other than me has observed that a value investment is a value investment that worked out and a value trap is a value investment that didn’t work out. At any rate, it seems to me that it takes more than a high earnings yield to make a value stock. A low P/E […]
I had a surprisingly bad experience at a certain investing website that accepts user submissions and I thought I would speak of it. Last week I spoke highly of BorgWarner and thought a wider audience might benefit from my views, so I submitted my last post to them. I proposed that the equity was worth […]
My faithful readers will recall that I thought Garrett Motion, maker of turbochargers and related auto parts, was an attractive investment, and indeed it was until the tariff monster was awakened. And while I was looking at it, I compared it to BorgWarner, another company in the auto parts sector, which had comparable R & […]
Garrett Motion Inc. is a maker of turbochargers, compressors, and related technologies that offers an earnings yield of upwards of 13% that looks sustainable for the foreseeable future.
Ingevity: Restructuring of input supply dependencies may be effective, but too early to tell, so the stock is speculative.
Clearwater is a paper company offering a high free cash flow yield.
DXC Technology Company is a provider of IT outsourcing services to other corporations, and it has been going through a rough patch over the last few years as shown by a dramatically declining share price. Investors have been holding out for a turnaround from the introduction of new management over this period, and perhaps at […]