James and Mike,
Here are couple more companies that fell into
high returns area of the spreadsheet. As always, comments
are welcome.
SJK. 22% This one is a former high-flying
clothing company. The usual risk is change of fashion
(as NKE, etc.). I did not see any permanent slowdown
mentioned, though they had some production (?)
problems last quarter. I'll try to look at this one.
DFS. 22% I missed this one. A friend brought it
up last year. It's a company making Christmas collectibles
with consistent collectors' following, high margins,
high positive cash flows. I mentioned its brother
ENC on the value thread. DFS has higher ROE, but also
is more expensive than ENC. ENC is on a turnaround, but
it's far from Buffett numbers. Pick your choice. :-)
ROG. 16% No comment.
KWP. This one is weird. I think that Michael
looked at it. In essence, they are cash cow that is
not growing, not buying back shares and not paying
dividend. The relations with Oprah are weird, so I think
that it's too confusing to look at this company. But
if you value it at a PE > 12, it may have a good return.
Good luck
Jurgis
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