Michael Mauboussin – What Did Abe Lincoln & Baboons Teach Us About Investing?

Johnny HopkinsMichael Mauboussin Comments

One of our favorite investors here at The Acquirer’s Multiple is Michael Mauboussin. Mauboussin is the Managing Director and Head of Global Financial Strategies at Credit Suisse. He’s also written three books, he’s been an adjunct professor of finance at Columbia Business School since 1993, and received the Dean’s Award for Teaching Excellence in 2009. One of my favorite Mauboussin talks was one titled, … Read More

Howard Marks – The Most Important Thing In Investing Is…

Johnny HopkinsHoward Marks Comments

One of our favorite investors at The Acquirer’s Multiple is Howard Marks. Howard Marks is Chairman and Co-Founder of Oaktree Capital Management, the world’s biggest distressed-debt investor. He’s known in the investment community for his “Oaktree memos” to clients which detail investment strategies and insight into the economy, and in 2011 he published the book The Most Important Thing: Uncommon Sense for … Read More

Value Investing Hits Back – Bloomberg

Johnny HopkinsValue Investing News Comments

Just read a great article by Nir Kaissar over at Bloomberg about the dominance of value stocks over growth stocks in 2016. Here’s an excerpt from that article: Value investing was supposed to be on the mat, waiting out its last few moments before it surrendered for good to growth stocks. But a curious thing happened in 2016; it got back up … Read More

Undervalued RMR – Strong Competitive Moat

Johnny HopkinsRMR, Stocks Comments

One of the cheapest stocks in our All Investable – Deep Value Stock Screen is RMR Group Inc (NASDAQ:RMR). RMR Group Inc (RMR) provides management services to four publicly traded real estate investment trusts, or REITs, and three real estate operating companies. As of September 30, 2016, RMR had $26.9 billion of assets under management in the companies it manages. RMR is a wonderfully lean … Read More

(Month 4) – Up 19.63% – Deep Value Stock Portfolio

Johnny HopkinsTAM Deep Value Stock Portfolio Comments

Today is the end of month four of The Acquirer’s Multiple $45,000 – Deep Value Stock Portfolio – Real Money Game, and the portfolio is up 19.63% since inception. The Deep Value Stock Portfolio – Real Money Game means I’m investing my entire superannuation valued at $45,000 into a real life Acquirer’s Multiple Portfolio and documenting it here. The plan is … Read More

Howard Marks – Psychology Is The Most Important Discipline In Investing

Johnny HopkinsHoward Marks Comments

One of our favorite investors at The Acquirer’s Multiple is Howard Marks. Howard Marks is Chairman and Co-Founder of Oaktree Capital Management, the world’s biggest distressed-debt investor. He’s known in the investment community for his “Oaktree memos” to clients which detail investment strategies and insight into the economy, and in 2011 he published the book The Most Important Thing: Uncommon Sense for … Read More

Pendrell Corp – Negative Enterprise Value

Johnny HopkinsPCO, Stocks Comments

The cheapest stock in our All Investable – Deep Value Stock Screen is Pendrell Corp (NASDAQ:PCO). Pendrell Corp (Pendrell) invests in, acquires, and develops businesses with unique technologies that are protected by intellectual property (IP) rights in the United States. It manages four IP licensing programs comprising digital media, digital cinema, wireless technologies, and memory and storage technologies. Pendrell is a stock that … Read More

Mohnish Pabrai – Value Is Its Own Catalyst – The Market Is a Weighing Machine

Johnny HopkinsMohnish Pabrai Comments

One of our favorite investors at The Acquirer’s Multiple is Mohnish Pabrai. Mohnish Pabrai is the Founder and Managing Partner of the Pabrai Investments Funds, the founder and CEO of Dhandho Funds, and the author of The Dhandho Investor and Mosaic – Perspectives on Investing. He’s one of the smartest guys on the planet when it comes to investing. One of my favorite … Read More

FutureFuel Would Make A Great Acquisition

Johnny HopkinsFF, Stocks Comments

One of the cheapest stocks in our All Investable – Deep Value Stock Screener is FutureFuel Corp. (NYSE:FF). FutureFuel is a leading manufacturer of diversified chemical products and biofuels. FutureFuel’s chemicals segment manufactures specialty chemicals for specific customers (“custom manufacturing”) as well as multi-customer specialty chemicals (“performance chemicals”). FutureFuel’s custom manufacturing product portfolio includes a laundry detergent additive, proprietary agrochemicals, adhesion promoters, … Read More

How To Set Up and Manage a Deep Value Stock Portfolio (Simplified)

Johnny HopkinsPortfolio Management Comments

We get lots of emails asking about the simplest way to set up and manage a deep value stock portfolio like mine, which I’m currently building (see below). To tell you the truth it’s really easy! Here at The Acquirer’s Multiple we provide three deep value stock screens. We use The Acquirer’s Multiple® to select the stocks for our screens. The Acquirer’s Multiple® … Read More

Ken Shubin Stein – Follow Munger’s 3 Ways To Find Good Opportunities

Johnny HopkinsCharles Munger, Ken Shubin Stein Comments

One of our favorite investors at The Acquirer’s Multiple is Ken Shubin Stein. Ken Shubin Stein is the Founder and Portfolio Manager of Spencer Capital Management and the Chairman of Spencer Capital Holdings. Spencer Capital is a value-oriented investment management firm with a successful long-term track record investing in undervalued securities and special situations. He is also an Adjunct Professor … Read More

Free Cashflow Machine Argan Well Placed For Continued Growth

Johnny HopkinsAGX, Stocks Comments

One of the cheapest stocks in our All Investable – Deep Value Stock Screener is Argan, Inc. (NYSE:AGX). Argan provides a full range of engineering, procurement, construction, commissioning, operations management, maintenance, development, technical and consulting services to the power generation and renewable energy markets for a wide range of customers including independent power project owners, public utilities, power plant equipment suppliers … Read More

Julian Robertson – Start With Management & Avoid REIT’s

Johnny HopkinsJulian Robertson Comments

(Image courtesy, moneyweek.com) One of our favorite investors here at The Acquirer’s Multiple is Julian Robertson. Robertson founded the legendary investment firm Tiger Management, one of the first hedge funds. He has trained and supported some of the best hedge fund managers in the world, collectively known as the “Tiger Cubs”. According to ValueWalk, the Tiger Cubs manage around 50 of the world’s top hedge funds, including Stephen … Read More

WellCare Health Plans Set For Further Growth

Johnny HopkinsStocks, WCG Comments

One of the cheapest stocks in our Large Cap 1000 – Deep Value Stock Screener is, WellCare Health Plans, Inc. (NYSE:WCG). WellCare Health Plans, Inc. (WellCare) focuses exclusively on government-sponsored managed care services, primarily through Medicaid, Medicare Advantage and Medicare Prescription Drug Plans to families, children, seniors and individuals with complex medical needs. As of September 30, 2016, the company served approximately 3.8 million members. … Read More

Allan Mecham – Look for Cockroachlike Businesses

Johnny HopkinsAllan Mecham Comments

One of my favorite investors is Allan Mecham. Mecham is a value investing legend that flies under the radar. You’re probably asking, Who is Allan Mecham? Forbes wrote an article about him called, Is This The Next Warren Buffett? Marketwatch wrote an article about him titled, The 400% Man, but most investors have never heard of him. In the 2012 Marketwatch article, Brett Arends writes a short description … Read More