[View the story “Week Beginning November 2, 2015” on Storify]
Understanding Alliance Resource Partners ($ARLP): A deeply undervalued and overlooked company
Further to our piece on ARLP earlier this week, Marketwatch has a nice piece canvassing coal’s “very bad year.” “There’s market capitulation and then there’s market carpet-bomb capitulation in coal,” said Byron King, editor of Agora Financial’s Outstanding Investments newsletter. “Coal is so far down the pits that it is hard … Read More
G. Willi-Food International: When You Can Buy A Decent Business For Free
G. Willi-Food is a leading importer of food in Israel. It supplies a wide variety of food products from leading international brands. Willi-Food’s products are nationally distributed and delivered to thousand of customers throughout Israel. It distributes well-known brands like Del Monte or Gelato for example. The company also exports … Read More
Alliance Resource Partners, L.P. A Diamond In The Rough $ARLP
Alliance Resource Partners is a producer and marketer of coal in the United States. The firm operates twelve underground mining complexes in Illinois, Indiana, Kentucky, Maryland and West Virginia. The mining operations are near major power plants. This favorable geographic location helps to minimize costs for customers. It is an … Read More
Returns to The Acquirer’s Multiple® Screeners and The Best Value Stocks
[View the story “Week Beginning October 26, 2015” on Storify]
Negative Enterprise Value: A Primer
Companies with a negative enterprise value are elusive beasts, highly sought after by deep value investors, but little understood outside that world. Alon Bochman, CFA is an aficionado of the negative enterprise value. He wrote the following piece for the CFA website in 2013 that neatly explains what they are, and why they’re … Read More
Returns to The Acquirer’s Multiple® Screeners and The Best Value Stocks
[View the story “Week Beginning October 19th, 2015: Returns to The Acquirer’s Multiple® Screeners and The Best Value Stocks” on Storify]
Payment Data Systems, Inc. An Unusual, Undervalued Small Cap $PYDS
Payment Data Systems, Inc. (NASDAQ:PYDS) is an unusual, undervalued small cap company. It is not as undervalued as it appears at first glance, and its unusual business makes it difficult to assess, but there is value here. At $2.90, the company has a market capitalization of $35 million. Its $65 … Read More
Returns to The Acquirer’s Multiple® Screeners and The Best Value Stocks For the Week Beginning October 12th, 2015
[View the story “Returns to The Acquirer’s Multiple® Screeners and The Best Value Stocks For the Week Beginning October 12th, 2015” on Storify]
Small And Micro Cap Screener Bonanza: $ENZN, $SINO, and $WILC
Brodie Hinkle, a senior at the University of Oklahoma, is a contributor to the Acquirer’s Multiple. Brodie is a double major of finance and energy management. He will be periodically writing opinionated articles about individual companies that show up on the stock screeners. If you’d like to contribute an article, please … Read More
Returns to The Acquirer’s Multiple® Screeners and This Week’s Best Value Stock
[View the story “Returns to The Acquirer’s Multiple® Screeners and This Week’s Best Value Stock” on Storify]
Micron Technology, Inc. ($MU): Cheap and a Takeover Target
I love it when I get the chance to write about a high-profile stock, particularly when it’s owned by David Einhorn–one of the smartest guys around–and it’s dirt cheap. Poor old Micron Technology, Inc. ($MU). I’ve bought and sold it so many times over the last decade. It was a net net in … Read More
Applying Deep Value Investing with The Investors Podcast
I had great fun chatting to Stig Brodersen about deep value investing and the acquirer’s multiple. We cover a lot of ground. Get a free list of deep value stocks likely to be targets on The Acquirer’s Multiple. Buy my book Deep Value: Why Activist Investors and Other Contrarians Battle for … Read More
A Superior Valuation Metric: Enterprise Value (EV) to EBITDA | Wall Street Daily
Interesting post out of Wall Street Daily on the efficacy of the acquirer’s multiple by Alan Gula, CFA: The price-to-earnings (P/E) ratio is perhaps the most popular valuation metric used by investors. Pull up any finance website stock quote page, and you’ll find the P/E ratio neatly calculated for you. … Read More
LG Display Co Ltd. (ADR) Trading Below Break-Up Value $LPL
LG Display Co Ltd. (ADR) $LPL is another super cheap company in the All Investable Screener offering substantial upside. The stock has been beaten up over the last twelve months, falling almost 50 percent from its 52-week high of $18.43. At its $9.64 price at the time of writing, the stock … Read More
Contributor Analysis: Western Refining Inc. (WNR)
Brodie Hinkle, a senior at the University of Oklahoma, is a contributor to the Acquirer’s Multiple. Brodie is a double major of finance and energy management. He will be periodically writing opinionated articles about individual companies that show up on the stock screeners. If you’d like to contribute an article, please … Read More
Valero Energy Corporation, Does Buffett Buying Phillips 66 Make A Bigger Bargain $VLO
At $61.69, Valero Energy Corporation (NYSE:VLO) is a particularly cheap large capitalization stock, trading on an acquirer’s multiple of 4.68x. It’s market capitalization is $30.8 billion, and its net debt position at $2.1 billion gives it an enterprise value of $33.0 billion. In the last twelve months it generated operating income … Read More
Hurco Companies, Inc. Cheap, cash-rich and the potential for growth $HURC
Hurco Companies, Inc. (HURC) is an interesting stock in the All Investable Screener. With a market capitalization of just $196 million it is one of the smaller stocks in that screener, but its $62 million in net cash makes its enterprise value even smaller again at $134 million. Operating earnings … Read More
Guest Post: National Oilwell Varco ($NOV) Analysis
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Christopher & Banks Corporation Cheap, but as ugly as it gets $CBK
Christopher & Banks Corporation (NYSE:CBK) is another cheap, scary stock in the Small and Micro Cap Screener. With a market capitalization of $65 million, net cash of $36 million and operating earnings of $8 million over the last twelve months, CBK trades on an acquirer’s multiple of 3.73x, and a … Read More