Here’s a great interview by Patrick O’Shaughnessy with Pat Dorsey called – Buying Companies With Economic Moats. The interview provides great insights into the four components of an economic moat, and how to analyze these four components into an investing framework that can be built into an investing strategy. You can find … Read More
Beaten Down Value Stocks Are Less Riskier Than You Think, Here’s Why – Josef Lakonishok
Of of the firms we follow closely here at The Acquirers Multiple is LSV Asset Management. Josef Lakonishok is the Chief Executive Officer and Chief Investment Officer of LSV Asset Management where he heads the research and investment team and is involved in all portfolio management and research functions. Lakonishok’s … Read More
Here’s Why Apple Inc Remains Overvalued
Normally I would provide readers with analysis on one of the stocks included in our deep value Stock Screeners but today I thought I would provide analysis on one of the stocks that is not included in the screens to demonstrate why it’s overvalued. Today’s overvalued stock is Apple Inc. (NASDAQ:AAPL). … Read More
If You’re Having Trouble Finding Undervalued Stocks Today, Here’s One Reason Why – GMO
GMO recently released a white paper titled The S&P 500: Just Say No, by Matt Kadnar and James Montier. The paper questions the validity of throwing in the towel and simply indexing all of our equity exposure to the S&P 500. Of particular interest to us here at The Acquirer’s Multiple is Montier’s … Read More
Find A Simple Strategy With An Acceptable Level Of Risk And Stick With It – What Works On Wall Street
One of the best investing books ever written is What Works On Wall Street by James O’ Shaughnessy. The book is full of a number of investing gems but one which struck a chord with me was O’ Shaughnessy’s advice on finding a simple evidence based strategy, with an acceptable … Read More
Undervalued SSR Mining FCF/EV Yield 16%, ROIC 20% – All Investable Stock Screener
One of the cheapest stocks in our All Investable Stock Screener is SSR Mining Inc (NASDAQ:SSRM). SSR Mining Inc (SSR), is a Vancouver-based mining company focused on the operation, development, exploration and acquisition of precious metal projects. A quick look at SSR’s share price history over the past twelve months shows that the price … Read More
Howard Marks – Eleven Ways To Avoid Pitfalls That Will Crush Your Performance
One of our favorite Superinvestors here at The Acquirer’s Multiple is Howard Marks. In his book, The Most Important Thing, Marks provides eleven lessons for avoiding pitfalls that will crush your portfolio’s performance. Here’s an excerpt from the book: The essential first step in avoiding pitfalls consists of being on the … Read More
Seth Klarman – The Real Secret To Investing Is That There Is No Secret To Investing
One of our favorite investors here at The Acquirer’s Multiple is Seth Klarman and one of the best articles ever written by Klarman is the comprehensive preface that he wrote in the 6th Edition of the value investing bible, Security Analysis. In his closing thoughts Klarman explains that as long … Read More
Returns to The Acquirer’s Multiple® Screeners and The Best Value Stocks
[View the story “Week Beginning August 21st, 2017” on Storify]
This Week’s Best Investing Reads – Curated Links
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 … Read More
Undervalued Canfor Pulp FCF/EV Yield 13%, ROE 15% – Canada All TSX Stock Screener
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 … Read More
The 13 Commandments of Successful Value Investing – The Art of Value Investing
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 … Read More
Undervalued AU Optronics FCF/EV Yield 17%, ROE 18% – All Investable Stock Screener
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, … Read More
Charles Munger – It Is Ridiculous That Investors Cling On To Failed Ideas
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 … Read More
Undervalued Avadel Pharmaceuticals FCF/EV Yield 21%, ROE 59% – All Investable Stock Screener
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 … Read More
Mohnish Pabrai – If Your Investment Thesis Requires You To Fire Up Excel, It Should Be A Big Red Flag
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 … Read More
Reminiscences of a Stock Operator – “Men Who Can Both Be Right And Sit Tight Are Uncommon.”
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 … Read More
Returns to The Acquirer’s Multiple® Screeners and The Best Value Stocks
[View the story “Week Beginning August 14th, 2017” on Storify]
Undervalued Gilead Sciences FCF/EV Yield 13%, ROE 57%, ROIC 40% – All Investable Stock Screener
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 … Read More
This Week’s Best Investing Reads – Curated Links
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 … Read More