Undervalued Gilead Sciences, FCF/EV Yield 14%, Shareholder Yield 7% – All Investable Stock Screener

Johnny HopkinsStocks Comments

One of the cheapest stocks in our All Investable Stock Screener is Gilead Sciences Inc (NASDAQ:GILD). Gilead Sciences, Inc. (Gilead) is a research-based biopharmaceutical company that discovers, develops and commercializes medicines in areas of unmet medical need. The Company’s portfolio of products and pipeline of investigational drugs includes treatments for Human Immunodeficiency Virus/Acquired Immune Deficiency Syndrome (HIV/AIDS), liver diseases, cancer, inflammatory … Read More

Howard Marks – The Performance of Stocks With P/E Ratios In The Twenties Is Likely To Be Single Digit

Johnny HopkinsHoward Marks Comments

Here’s a great piece by Howard Marks from his 2000 memo where he asks the bulls one question: What’s been the average performance of stocks bought at p/e ratios in the twenties? I don’t think the return has been in double digits. I’m not even sure it’s been positive! Here’s an excerpt from that memo: What Can Reasonably Be Expected … Read More

Tweedy Browne – Unlike A Fruit Fly We Are All Blessed With The Ability To Take A Longer Term Perspective

Johnny Hopkinstweedy browne Comments

One of the best resources available to value investors are the shareholder letters from Tweedy Browne. Tweedy Browne is one of the longest serving value investing firms in the United States and was founded in 1920 by Forrest Berwind “Bill” Tweedy. When Bill Tweedy founded his firm, he concentrated in a niche market on Wall Street where he would have … Read More

Tobias Carlisle – There Are Two Ways To Win As A Deep Value Investor

Johnny HopkinsTobias Carlisle Comments

Here’s a great interview with Tobias Carlisle on Goldstein on Gelt where he speaks about all things deep value investing. On the question of why some value investing firms underperform and why he prefers his deep value investing strategy, Tobias says: I’m always very careful criticizing other value investors, because it means that you are just about to go into a … Read More

Here’s Why Pat Dorsey Would Like The Acquirer’s Multiple

Johnny HopkinsPat Dorsey Comments

One of my favorite investors is Pat Dorsey. Dorsey is the founder of Dorsey Asset Management and he’s also the author of two books, The Five Rules for Successful Stock Investing and The Little Book that Builds Wealth. Recently I was re-reading The Little Book That Builds Wealth and came across the following piece, which is a way to value businesses … Read More

Undervalued Foot Locker Inc, FCF/EV Yield 9%, Shareholder Yield 8% – Large Cap 1000 Stock Screener

Johnny HopkinsStocks Comments

One of the cheapest stocks in our Large Cap 1000 stock screener is Foot Locker Inc (NYSE:FL). Foot Locker Inc. (Foot Locker) is a retailer of shoes and apparel. The company operates through two segments: Athletic Stores and Direct-to-Customers. The company is an athletic footwear and apparel retailer, with businesses that include Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs … Read More

How To Develop A Superinvestor Mindset Like Buffett, Munger, Neff, Loeb, Lynch and Soros

Johnny HopkinsCharles Munger, Warren Buffett Comments

One of my favorite investing books is How To Think Like Benjamin Graham and Invest Like Warren Buffett, by Lawrence A Cunningham. One of the best pieces in the book looks at the principles applied by some of the greatest superinvestors of all time. Here’s an excerpt from the book: The best investors employ a mind-set that takes account of just … Read More

Undervalued InterDigital Inc FCF/EV Yield 16% – All Investable Stock Screener

Johnny HopkinsStocks Comments

One of the most undervalued stocks in our U.S. All Investable stock screener is InterDigital Inc (NASDAQ:IDCC). InterDigital, Inc. (InterDigital) designs and develops technologies for wireless communications. The company is focused on three technology areas: cellular wireless technology, Internet of things (IoT) technology, and, through its Hillcrest Laboratories, Inc. (Hillcrest Labs) subsidiary, sensor and sensor fusion technology. A quick look … Read More

Mohnish Pabrai Says An Investment Opportunity Should Hit You Over The Head Immediately Otherwise Move On

Johnny HopkinsMohnish Pabrai Comments

Great video with Mohnish Pabrai speaking with the folks at Google. This whole presentation can be summed up at 27:05 when Pabrai says, “Spending time on [researching] companies is likely to make me bias”. In other words when you’re looking for investment opportunities they should hit you over the head immediately. If they do not don’t spend enormous amounts of … Read More

Our New Canadian Deep Value Stock Screener – (CAGR) 19.1% per year

Johnny HopkinsStock Screener Comments

Big news this week with the release of our new Canadian All TSX deep value stock screener, and the backtest results are astounding! Backtesting Results Canada All TSX Stock Screen We backtested the returns to a theoretical portfolio of stocks selected by The Acquirer’s Multiple® from the Canada All TSX stock screen. The backtest assumed the screen bought and held for a year 30 … Read More

This Week’s Best Investing Reads From Our Top 50 Investing Blogs 2017

Johnny HopkinsValue Investing News Comments

Each week Tobias and I pick out the best investing reads from our Top 50 Investing Blogs 2017. Here’s what we’ve been reading: Acquirer’s Multiple & the Quest for Value (Old School Value) How to Invest in an Overvalued Market (A Wealth of Common Sense) Factor Investing: Evidence Based Insights (Alpha Architect) The Jeff Bezos Empire in One Giant Chart (Visual Capitalist) Investor Returns Hurt by Attempts to … Read More

Just How Did Walter Schloss Achieve a 21.3% CAGR From 1956 to 1984

Johnny HopkinsWalter J. Schloss Comments

Walter Schloss was one of Buffett’s Superinvestors of Graham-and-Doddsville. He had an incredible track record of returns over his investing career, achieving a 21.3% CAGR over the period of 28 and a quarter years from 1956 to Q1 1984. And, he did it while keeping his own expenses to a minimum. In Buffett’s 1994 shareholder letter he wrote about Schloss: “Please … Read More

Seth Klarman – The Definitive Guide On Why Bottom-Up Investing Trounces Top-Down Investing

Johnny HopkinsSeth Klarman Comments

There’s a lot of discussion on which is the better investing strategy, bottom-up investing or top-down investing. The definitive guide can be found in Chapter 7 of Seth Klarman’s book, Margin of Safety. Here’s an excerpt from that book: There is no margin of safety in top-down investing. Topdown investors are not buying based on value; they are buying based on a … Read More

John Rogers Says Contrarian Investing Gives You The Confidence To Buy When Others Are Selling

Johnny HopkinsJohn Rogers Comments

Here’s a great interview with contrarian value manager John Rogers on WealthTrack who says if you don’t follow the crowd you’ll be a better investor. “Value investing is a contrarian approach. You’re going to be buying when others are selling. When there’s a lot of fear out there you’re going to be the one feeling confident going in buying those … Read More

How To Invest Like Sir John Templeton In 2017

Johnny HopkinsJohn Templeton Comments

One of the most famous contrarian investors of all time was Sir John Templeton. Templeton was remembered for a number of famous quotes including: “To buy when others are despondently selling and to sell when others are avidly buying requires the greatest of fortitude and pays the ultimate greatest reward.” In the book, The Power of Failure: 27 Ways to Turn … Read More