The Quietus | All Articles (Free subscription) | 17 hours ago
In an irony that hasn't gone unnoticed, an over-zealous spam filter stopped us from receiving Ben Graham's feature until after No Music Day on Saturday. For Bill Drummond, thorn in the side of the art community and the music industry, we have all the time in the world however, so here it is . . .
SeekingAlpha Retail Stocks (Free subscription) | 11/20/2009
Tom Armistead submits: Ben Graham has become associated with a tangible book style of stock picking, where the investor looks to physical assets, particularly cash, for value and margin of security. While he was fascinated by the market inefficiencies that made it possible at times to buy real companies for less than net cash, he also was also aware of the merits of what he called “goodwill...
SeekingAlpha.com (Free subscription) | 11/19/2009
Saj Karsan submits: Wall Street is entirely too focused on current earnings, as noted by Ben Graham . So when a company shows declining earnings on declining revenues, the stock price will take a hit, even if the declines are purely cyclical. For example, consider the quarter-by-quarter revenue chart for KSW Inc. ( KSW ) below: As a result of this decline, Mr. Market 's valuation of this company offers...
GuruFocus Updates (Free subscription) | 11/19/2009
By Saj Karsan. Wall Street is entirely too focused on current earnings, as noted by Ben Graham. So when a company shows declining earnings on declining revenues, the stock price will take a hit, even if the declines are purely cyclical. For example, consider the quarter-by-quarter revenue chart for KSW Inc. ( KSW ) below: Read more » »
SeekingAlpha.com (Free subscription) | 11/14/2009
Describing Amazon.com ( AMZN ) as an overvalued stock, which I’ve often seen, is about as sensible as criticizing the New York Yankees for never having beaten the Pittsburgh Steelers. Case in point: The November 13 Seeking Alpha article entitled Amazon-Sized Craziess , wherein Anthony Davian goes through a long recitation on Ben Graham and Mr. Market (if you’re unfamiliar with the latter...
GuruFocus Updates (Free subscription) | 11/13/2009
By Ben Graham. The unprecedented spectacle confronts us of more than one industrial company in three selling for less than its net current assets, with a large number quoted at less than their unencumbered cash. For this situation we have pointed out, in our previous articles, three possible causes: (a) Ignorance of the facts; (b) Compulsion to sell and inability to buy; (c) Unwillingness to buy from...
GuruFocus Updates (Free subscription) | 11/13/2009
By Ben Graham. In our first article, the present disparity between the cash asset position of many companies and the price of their stocks was ascribed in part to the huge issues of additional shares which transferred money from stockholders' pockets into corporate treasuries. According to the New York Stock Exchange's compilation, the funds so absorbed by listed companies alone, between 1926 and 1930,...
GuruFocus Updates (Free subscription) | 11/13/2009
By Ben Graham. FORBES published a series of three articles by Benjamin Graham written at the bottom of the Great Crash. This is the first, Are Corporations Milking Their Owners? Read more » »
The Reasoned Sceptic (Free subscription) | 11/13/2009
Count me among the unimpressed. CNBC's much-touted Columbia Business School appearance of Bill Gates and Warren Buffett, heavily promoted all yesterday and aired last night, is completely uninteresting to me. Are Gates and Buffett wealthy? Yes. Successful? Certainly at times they have been. Are either a model for the paragon of our society? No. Or the two people most-qualified to opine on "Keeping...
GuruFocus Updates (Free subscription) | 11/12/2009
By Saj Karsan. Ben Graham noted that stocks of companies with some lingering uncertainties tend to have their valuations over-punished by the stock market. A pending lawsuit is one such example of a lingering uncertainty. For this reason, many companies would rather settle legal claims that cast a shadow over the company's valuation even if they think they can win them. However, in such uncertain situations,...
iStockAnalyst.com (Free subscription) | 11/10/2009
When calculating a company's P/E or projecting a company's earnings power, rather than using a company's current earnings, value investors prefer to use average earnings from several years past. Ben Graham has written about this [More...]
SimoleonSense (Free subscription) | 11/10/2009
Interesting thoughts from a fellow value investing guru. Click Here To Read: Stocks Ben Graham Might Buy If He Were Alive Now: John Dorfman Introduction (Via Bloomberg): He was a skier, bon vivant, ladies’ man, Columbia University professor, hedge-fund manager and mentor to Warren Buffett. Oh yes, Ben Graham is also considered the father of value investing. Graham, who lived [...]
GuruFocus Updates (Free subscription) | 11/10/2009
By Saj Karsan. When calculating a company's P/E or projecting a company's earnings power, rather than using a company's current earnings, value investors prefer to use averageearnings from several years past. Ben Graham has written about this idea, and we've also discussed how writedowns, asset sales, and other infrequent items can affect current earnings; but when using an average over several periods,...
Barel Karsan (Free subscription) | 11/10/2009
When calculating a company's P/E or projecting a company's earnings power, rather than using a company's current earnings, value investors prefer to use average earnings from several years past. Ben Graham has written about this idea , and we've also discussed how writedowns, asset sales, and other infrequent items can affect current earnings ; but when using an average over several periods, one gets...
Dunedin Napier News (Free subscription) | 11/09/2009
By Ben Graham 20 years ago, East and West Germany were united in jubilant celebration as the Berlin wall was demolished. Thousands that had not seen their family and friends since the wall was first erected in August of 1961, were allowed their first glimpse of life on the other side of the wall. This week marked [...]
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