SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Value Investing
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Paul Senior who wrote (31408)7/8/2008 2:04:05 PM
From: Jurgis Bekepuris  Read Replies (2) of 78653
 
Quote:
----------
There are five bullet points that must be satisfied for us to take a concentrated position in a stock. First, it must have a macro tail wind. That means some trend such as demographics, geography or monetary policy must be working in its favor.

Second, it must have an industry tail wind. That can be a structural change in the stock's industry. That may take the form of reversing 20 years of under-investment in extracting raw materials.

Or it may be some secular change like the Internet competing with traditional media. Or it can be the battle between mobile handsets and landline phones.

IBD: Are any bullet points company-specific?

Gilchrist: No. 3 is. That can involve having a better product or management team. It can be something that lets a company take better advantage of points No. 1 and 2 to gain market share, grow faster than the economy or better than its industry.

No. 4 is a change factor at the company.

No. 5 is something that is misunderstood or not appreciated by the market -- something everyone else is missing.

--------------------

I wonder if there is ANY company in his portfolio that satisfies ALL 5 points. ;)

I'd like to hear his 5 point justification for MA and SKS. ;) Or - what the heck - for any company he mentioned. ;)
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News