This Week’s Best Investing Reads – Curated Links

Johnny HopkinsValue Investing News Comments

Here’s some of this week’s best investing reads: Hot Stock Rally Tests The Patience Of A Choosy Lot: Value Investors (WSJ) Business vs. Investing, w/ Jason Zweig and Morgan Housel – [Invest Like the Best, EP.50] (The Investor’s Fieldguide) The Canadian Housing Market is Bananas (A Wealth of Common Sense) Risks Are Rising While Low Risks Are Discounted (Ray Dalio – LinkedIn) Investing Matters: To Companies … Read More

Undervalued Canfor Pulp FCF/EV Yield 13%, ROE 15% – Canada All TSX Stock Screener

Johnny HopkinsStocks Comments

One of the cheapest stocks in our Canada All TSX Stock Screener is Canfor Pulp Products Inc (TSE:CFX). Canfor Pulp Products Inc (Canfor) produces and supplies pulp and paper products in the Americas, Europe, and Asia. The Company’s operations consist of Northern Bleach Softwood Kraft pulp mills (NBSK) and NBSK pulp and paper mill in Canada. A quick look at Canfor’s share … Read More

The 13 Commandments of Successful Value Investing – The Art of Value Investing

Johnny HopkinsInvesting Strategy Comments

One of the best books ever written on value investing is, The Art of Value Investing, by John Heins and Whitney Tilson. Bill Ackman of Pershing Square Capital Management said the following about The Art of Value Investing: “I learned the investment business largely from the work and thinking of other investors. The Art of Value Investing is a thoughtfully organized compilation of some … Read More

Undervalued AU Optronics FCF/EV Yield 17%, ROE 18% – All Investable Stock Screener

Johnny HopkinsStocks Comments

One of the cheapest stocks in our All Investable Stock Screener is AU Optronics Corp (ADR) (NYSE:AUO). AU Optronics Corp. (AU Optronics) is a thin-film-transistor liquid-crystal display (TFT-LCD) panel provider. The company operates in two business segments: display business and solar business. Through its display business segment, the company designs, develops, manufactures, assembles and markets flat panel displays and most of its … Read More

Charles Munger – It Is Ridiculous That Investors Cling On To Failed Ideas

Johnny HopkinsCharles Munger Comments

In 2003 Charles Munger gave a great talk to the students in the Economics Department at The University of California. While his talk focused on the strengths and weaknesses in teaching academic economics he also provided a number of great lessons for investors including the importance of being able to destroy your own wrong ideas. Here’s an excerpt from that speech: Clinging to failed … Read More

Undervalued Avadel Pharmaceuticals FCF/EV Yield 21%, ROE 59% – All Investable Stock Screener

Johnny HopkinsStocks Comments

One of the cheapest stocks in our All Investable Stock Screener is Avadel Pharmaceuticals PLC (NASDAQ:AVDL). Avadel Pharmaceuticals PLC (Avadel) is a specialty pharmaceutical company developing and commercializing pharmaceutical products. The company’s products include Bloxiverz, Vazculep, Akovaz, Karbinal ER, AcipHex Sprinkle, Cefaclor and Flexichamber. A quick look at Avadel’s share price history over the past twelve months shows that the price is down … Read More

Mohnish Pabrai – If Your Investment Thesis Requires You To Fire Up Excel, It Should Be A Big Red Flag

Johnny HopkinsMohnish Pabrai Comments

I just finished re-reading one of my favorite investing books, The Dhando Investor, by Mohnish Pabrai. One of my favorite parts of the book covers Pabrai’s methodology when it comes to putting together an investment thesis. His thesis is in accordance with Buffett and Munger’s age old adage of keeping it simple. Here’s an excerpt from the book: Simplicity is … Read More

Reminiscences of a Stock Operator – “Men Who Can Both Be Right And Sit Tight Are Uncommon.”

Johnny HopkinsJesse Livermore Comments

Reminiscences of a Stock Operator is a classic investing book that focuses on the character Larry Livingston, which is really a depiction of Jesse Livermore, one of the most highly regarded traders of all time. The book provides a first person account of Livingston’s journey which started in the stock trading bucket shops before the great depression. Livingston’s skill was … Read More

Undervalued Gilead Sciences FCF/EV Yield 13%, ROE 57%, ROIC 40% – 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 biopharmaceutical company that discovers, develops and commercializes new medicines in areas of unmet medical need. Its products target a number of areas, such as HIV, liver diseases, cardiovascular and other diseases. A quick look at Gilead’s share price history over … Read More

This Week’s Best Investing Reads – Curated Links

Johnny HopkinsValue Investing News Comments

Here’s a list of this week’s best investing reads: The Biggest Common Investment Errors (A Wealth of Common Sense) The Market Really Is Different This Time (Jason Zweig) Stock Picking vs. Portfolio Construction The Role of Checklists (Fundoo Professor) If This is 1929… (The Irrelevant Investor) Bull Trap? (The Felder Report) A Dozen Lessons about Business and Investing from Poker (25iq) Inverting the Money Problem (Safal Niveshak) Warren Buffett talks about his Mentor Benjamin Graham (We … Read More

Walter Schloss – The Key To Purchasing An Undervalued Stock Is Its Price COMPARED To Its Intrinsic Worth

Johnny HopkinsWalter J. Schloss Comments

One of our favorite investors here at The Acquirer’s Multiple is Walter Schloss. Schloss averaged a 16% total return after fees during five decades as a stand-alone investment manager, versus 10% for the S&P 500. Warren Buffet said the following about Schloss is his famous article, The Superinvestors of Graham-and-Doddsville: “He [Schloss] simply says, if a business is worth a dollar … Read More

Undervalued LyondellBasell FCF/EV Yield 9%, ROE 55%, ROIC 30% – Large Cap 1000 Stock Screener

Johnny HopkinsStocks Comments

One of the cheapest stocks in our Large Cap 1000 Stock Screener is LyondellBasell Industries NV (NYSE:LYB). LyondellBasell Industries NV (LyondellBasell) is a petrochemical producer operating in US and Europe. It produces polyethylene and propylene oxide used in various consumer and industrial end products. A quick look at LyondellBasell’s share price history over the past twelve months shows that the price is up … Read More

Buffett Nears a Milestone He Doesn’t Want: $100 Billion in Cash

Johnny HopkinsWarren Buffett Comments

One of our favorite investors here at The Acquirer’s Multiple is of course Warren Buffett. This week Bloomberg reported that Buffett’s Berkshire Hathaway is sitting on $100 Billion at the end of its second quarter. The question is, what he is going to do with it? Here’s an excerpt from the article: It’s a milestone Warren Buffett probably wishes he weren’t approaching. … Read More

Seth Klarman – There Is Only One Valid Rule For Selling – Margin of Safety

Johnny HopkinsSeth Klarman Comments

One of our favorite investors here at The Acquirer’s Multiple is Seth Klarman. Klarman is a value investing legend who runs The Baupost Group, one of the largest hedge funds in the U.S. He also wrote one of the best books ever written on investing called Margin of Safety. In the book Klarman provides some great insight on one of the biggest problems … Read More

Undervalued Express Scripts FCF/EV Yield 11%, Shareholder Yield 9% – Large Cap 1000 Stock Screener

Johnny HopkinsStocks Comments

One of the cheapest stocks in our Large Cap 1000 Stock Screener is Express Scripts Holding Company (NASDAQ:ESRX). Express Scripts Holding Co (Express) is a pharmacy benefit manager in the United States. It offers healthcare management and administration services such as managed care organizations, health insurers, workers’ compensation plans and government health programs. A quick look at Express’ share price history over the … Read More

Rich Pzena – There Are Many Factors Contributing To The Opportunities In Value Stocks Today

Johnny HopkinsRichard Pzena Comments

Pzena Investment Management recently released its Q2 2017 commentary saying: Improving fundamentals coupled with wide valuation spreads make for an attractive environment for deep value stocks. Self-help measures have been an important contributor to an improved profit picture. The article goes on to say: The strong value run of 2016 paused in the first half of 2017 as market leadership … Read More

Jeremy Grantham – The Market Appears Not To Care At All About The Past Or To Learn Much From It

Johnny HopkinsJeremy Grantham Comments

One of our favorite investors here at The Acquirer’s Multiple is Jeremy Grantham at GMO. GMO recently released its Q2 2017 Commentary in which Grantham highlights that while many believe we are living in a new era of investing, behaviorally nothing has changed in 92 years. Here’s an excerpt from that commentary: Now, cutting across that previous attempt to understand … Read More

This Week’s Best Investing Reads – Curated Links

Johnny HopkinsValue Investing News Comments

Here’s a list of this week’s best investing reads: A Millennial’s Rebuttal (The Irrelevant Investor) By This Measure The Current Stock Market Bubble Is Far Bigger Than The Dotcom Bubble (The Felder Report) a modest proposal (The Reformed Broker) The Crypto Currency Debate: Future of Money or Speculative Hype? (Musings On Markets) How Filter Bubbles Distort Reality: Everything You Need to Know (Farnam Street) Investing in the Misunderstood (MicroCapClub) Asymmetric Polarization (The Big Picture) … Read More