Howard Marks – Random Thoughts on the Identification of Investment Opportunities

Johnny HopkinsHoward Marks Comments

(Image Source, CNBC, http://www.cnbc.com/2014/12/19/howard-marks-oil-prices-expose-debts-weaknesses.html. [Accessed 27 Feb. 2017]) 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 … Read More

Undervalued Ternium SA (ADR) Well Positioned For Growth With Its CSA Acquisition

Johnny HopkinsStocks, TX Comments

One of the cheapest stocks in our all All Investable – Stock Screener is Ternium SA (ADR) (NYSE:TX). Ternium is a leading steel producer in Latin America, with an annual production capacity of approximately 11.0 million tons of finished steel products. The company manufactures and processes a broad range of value-added steel products for customers active in the construction, automotive, home appliances, … Read More

Undervalued Gilead Sciences – FCF/EV Yield 30%, Shareholder Yield 17%

Johnny HopkinsGILD, Stocks Comments

One of the cheapest stocks in our all All Investable – Stock Screener is Gilead Sciences, Inc. (NASDAQ:GILD). Gilead Sciences, Inc. (Gilead) is a research-based biopharmaceutical company. The company focuses on the discovery, development and commercialization of medicines in areas of unmet medical need. Gilead’s principal areas of focus include human immunodeficiency virus (HIV), liver diseases, such as chronic hepatitis C virus infection … Read More

Undervalued Hawaiian Holdings Well Positioned For Further Growth

Johnny HopkinsHA, Stocks Comments

One of the cheapest stocks in our all All Investable – Stock Screener and the cheapest airline stock is Hawaiian Holdings, Inc. (NASDAQ:HA). Hawaiian Holdings, Inc. (Hawaiian) is the parent company for its subsidiary, Hawaiian Airlines, Inc. Hawaiian Airlines is now in its 88th year of continuous service, Hawaiian is Hawaii’s biggest and longest-serving airline, as well as the largest provider of … Read More

Warren Buffett – Derivatives Are Financial Weapons Of Mass Destruction

Johnny HopkinsWarren Buffett Comments

(Image Source, Huffington Post, http://www.huffingtonpost.com/john-g-taft/the-warren-buffett-effect_b_5577685.html, [Accessed 19 Feb, 2017]) One of our favorite investors at The Acquirer’s Multiple is Warren Buffett. As a value investor, one of the most important free investing resources is Buffett’s Berkshire Hathaway shareholder letters. Each contains hidden gems of value investing wisdom. One of my favorite gems is in the 2002 shareholder letter in which Buffett describes derivatives as … Read More

Walter Schloss – The Hippocratic Method In Security Analysis

Johnny HopkinsWalter J. Schloss Comments

One of our favorite investors here at The Acquirer’s Multiple is Walter Schloss. Schloss was one of the most respected value investors ever to have lived, and is included in Buffett’s list of Superinvestors. He was a disciple of the Benjamin Graham school of investing. He didn’t attend college but took investment courses taught by Graham at the New York Stock Exchange Institute. … Read More

Warren Buffett – How to Calculate Intrinsic Value

Johnny HopkinsWarren Buffett Comments

(Image Source, Huffington Post, http://www.huffingtonpost.com/john-g-taft/the-warren-buffett-effect_b_5577685.html, [Accessed 16 Feb, 2017]) One of our favorite investors here at The Acquirer’s Multiple is Warren Buffett. Yesterday I provided and excerpt from Buffett’s ‘Owner’s Manual’ – In June 1996, Berkshire’s Chairman, Warren E. Buffett, issued a booklet entitled “An Owner’s Manual” to Berkshire’s Class A and Class B shareholders. The purpose of the manual was … Read More

Warren Buffett – An Owner’s Manual

Johnny HopkinsWarren Buffett Comments

(Image Source, Huffington Post, http://www.huffingtonpost.com/john-g-taft/the-warren-buffett-effect_b_5577685.html, [Accessed 15 Feb, 2017]) One of our favorite investors here at The Acquirer’s Multiple is Warren Buffett. In June 1996, Berkshire’s Chairman, Warren E. Buffett, issued a booklet entitled “An Owner’s Manual*” to Berkshire’s Class A and Class B shareholders. The purpose of the manual was to explain Berkshire’s broad economic principles of operation. It’s a … Read More

Undervalued Alliance Resource Partners – Remains A Gem In The Mining Sector

Johnny HopkinsARLP, Stocks Comments

One of the cheapest stocks in our all All Investable – Stock Screener is Alliance Resource Partners, L.P. (NASDAQ:ARLP). ARLP is a diversified producer and marketer of coal to major United States utilities and industrial users. The company is the nation’s first publicly traded master limited partnership involved in the production and marketing of coal. It’s currently the second largest coal producer in … Read More

Warren Buffett – How Charlie Convinced Me To Break My Cigar-Butt Investing Habit

Johnny HopkinsCharles Munger, Warren Buffett Comments

(Image Source, Huffington Post, http://www.huffingtonpost.com/john-g-taft/the-warren-buffett-effect_b_5577685.html, [Accessed 9 Feb, 2017]) One of our favorite investors at The Acquirer’s Multiple is of course Warren Buffett. As a value investor, one of the most important free investing resources is Buffett’s Berkshire Hathaway shareholder letters. Each contains hidden gems of value investing wisdom. One of my favorite gems is in the 2014 shareholder letter in which Buffett explains … Read More

Howard Marks – The One Thing You Need To Be A Superior Investor

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

United Continental Still Undervalued – 10% Cashflow Yield + 11% Shareholder Yield

Johnny HopkinsStocks, UAL Comments

One of the cheapest stocks in our Large Cap 1000 – Stock Screener is United Continental Holdings Inc (NYSE:UAL). United Continental Holdings, Inc., (United) together with its subsidiaries, provides air transportation services in North America, the Asia-Pacific, Europe, the Middle East, Africa, and Latin America. The company transports people and cargo through its mainline and regional operations. As of December 31, 2015, … Read More

Warren Buffett – Thoughts On Market Forecasting – 1966 Partnership Letter

Johnny HopkinsWarren Buffett Comments

One of our favorite investors at The Acquirer’s Multiple is of course Warren Buffett. As a value investor, one of the most important free investing resources is Buffett’s earliest partnership letters. Each contains hidden gems of value investing wisdom. One of my favorite gems is in his 1966 partnership letter which contained his views on ‘market forecasting’, it’s a must read … Read More

Guy Spier on Mohnish Pabrai and ‘That’ Meeting With Warren Buffett

Johnny HopkinsGuy Spier Comments

One of our favorite investors here at The Acquirer’s Multiple is Guy Spier. Spier is the founder and managing partner of Aquamarine Capital, an investment partnership styled after the original 1950’s Buffett partnerships. In 2008 he, along with Mohnish Pabrai, had lunch with Warren Buffett after submitting the winning bid for Buffett’s annual Glide charity auction. He completed his undergraduate … Read More

Undervalued Target Corp – 16% Shareholder Yield

Johnny HopkinsStocks, TGT Comments

One of the cheapest stocks in our Large Cap 1000 – Stock Screener is Target Corporation (NYSE:TGT). Target Corporation (Target) is a discount retailer that offers everyday essentials and merchandise to its customers. The company sells a range of general merchandise and food through its stores and digital channels. General merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and … Read More