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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Elroy who wrote (59686)	8/9/2017 11:15:17 AM
From: Graham Osborn	Read Replies (1) \| Respond to of 78753

Seems a bit aggressive to call something a "GARP" stock based on a little over TTM of sequential revenue growth. But maybe you have some insight into the company's long-term future that belies past performace. I honestly don't have much desire to own anything on the Korean Peninsula. Regardless of how the current situation plays out it is too much of a geopolitical mess over there to predict a few years in the future, let alone 10-20.

To: Elroy who wrote (59686)	9/29/2020 5:12:52 PM
From: Paul Senior	2 Recommendations Recommended By E_K_S sjemmeri Read Replies (1) \| Respond to of 78753

Elroy, on this thread there's no agreed on definition of value. -g- High book-to-price is one of the classic definitions used by academics and some of us here sometimes.

To: Elroy who wrote (59686)	10/4/2020 6:00:39 PM
From: Paul Senior	2 Recommendations Recommended By Jurgis Bekepuris Lance Bredvold Read Replies (2) \| Respond to of 78753

Elroy, I note some of my best investments, by dollar or by percent, have occurred when I paid scant attention to the financials or, having noted they were lousy, just ignoring that. (Otoh, maybe some of my worst investments were likewise because I ignored financial analysis. --g-- . Can't remember because those stocks no longer in my portfolio.) Obviously maybe, because of my large portfolio size (number of stocks), I'm not going to be a big believer in lots of specific company research or deep studies of the company reports. That's me of course. Somebody just starting out in investing, maybe the person doesn't need to do much in-depth work. Geezer like me, if I had only a few stocks in my likely substantially-larger portfolio than a beginner, yeah, better know all you can to best prevent a catastrophe. Can't recover from that -- earning years are over. Would a person who believed very strongly in financial analysis, studying financial statements, following the recommendations of the world's greatest investor, ever buy a stock like AMZN? Or GOOG? FB? TSLA? We can talk all we want about methodology, but at some point, maybe it behooves us, some of us, to ignore all that and just go with the flow to actually make some money.

To: Elroy who wrote (59686)	10/5/2020 9:05:51 AM
From: Paul Senior	Respond to of 78753

AMZN. So a buyer would've predicted revenue growth and looked at financials to see if that came to pass. Ok, that's looking at a financial number in the financial statement. Or just reading the quarterly report. So it is looking at the financials. Not quite what I have in mind when somebody says, I'm looking at the financials --- i.e., in my mind I expect them to be talking more than just revenue. And if they're talking about rev and earnigs, there were years when revenue kept going up, but earnings were down or negative. You had to have faith in the business/Bezos to have held. Your expectations were dashed if you had expectations of earnings that did not come through.

To: Elroy who wrote (59686)	10/5/2020 4:28:46 PM
From: bruwin	1 Recommendation Recommended By geoffrey Wren Respond to of 78753

I think you made some telling observations regarding GRVY back in 2017 .... My own interrogation of GRVY's latest TTM Financials are much in sync with what you put forward about the company ---> We see a good Gross Margin to start off with. EBITDA Margin is a bit below target but still OK at about 14%. It's obviously the SG&A number which is on the high side and if that can be reduced it will help the margins that follow. One of the Main Highlights as you've stated is the absence of DEBT. No Long Term Debt and very little Debt Expense reducing EBT ....ALWAYS a Positive. That gives a very good Pretax/Capital Employed ratio of over 33% !! .... You don't often find that percentage ratio in a company !! The company is paying its taxes, and it has an acceptable Net Margin of over 10%. ROE is good and it's price appears in the "Buy" range. I must say I have to smile when I read some of the slightly negative comments that came from some on this board about GRVY when one considers what calibre of stocks are promoted which, at times, show Bottom Line Losses. That results in a depressed stock price which is then translated into a "buying opportunity" because the share price is lower than normal, or "below book" !! Here we have a company with fairly good financial fundamentals, making ongoing profits, which, in turn, is reflected in its share price which has been in a not unexpected Ongoing Uptrend. And that Uptrend coincided with the improvement in GRVY's Bottom Line in and around 2016, and was evident in 2017 and has continued since then. Amazing what on can derive from a company's Financials ..... Thanks for posting about GRVY ..... it looks like it has potential ..... I'll be looking to buy some of its shares in the near future .....

To: Elroy who wrote (59686)	10/22/2020 3:48:52 PM
From: Paul Senior	1 Recommendation Recommended By sjemmeri Respond to of 78753

Elroy, yes, agree: Some big positions need to be well understood, and some small positions you can coast by with. Seems to work for me anyway. (LOL)

To: Elroy who wrote (59686)	10/29/2020 5:03:41 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78753

Elroy, regarding your Roth holdings: "OHU"?

To: Elroy who wrote (59686)	1/6/2021 11:03:36 AM
From: Paul Senior	Read Replies (1) \| Respond to of 78753

Thanks, Elroy. Appreciate the warning on GBTC. I'll be super cautious about adding. Congrats to you with your success with this one. Looking through my portfolio I remain surprised at the paper gains made on very small holdings of these speculative stocks. Speculative and iffy, because they are so hard, if not impossible, to analyze.

To: Elroy who wrote (59686)	1/7/2021 1:17:55 PM
From: Paul Senior	1 Recommendation Recommended By beagle57 Read Replies (1) \| Respond to of 78753

Elroy: I'm already up 18% on GBTC. Wow and yippee! Who knew making money was this easy!! If I sell now, I can almost buy a steak dinner! ---- if restaurants here were open. --- The fact that most brokerages are commission-free for most trades, has two sides. On the one hand, I can buy embarrassingly few shares for no cost. And I mean embarrassingly few. Otoh, if there were commission costs, I might have to carefully consider making all these dinky size buys and on so many stocks. The commission costs might force me to stop piddling and commit to a stock because I'd want to make much larger/decent size orders, and fewer of them. And I might really be much better of profit-wise doing that, especially if I picked the right stock. This way though, it seems less risky (not if market crashes of course) and a lot more fun with a lot less stress.

To: Elroy who wrote (59686)	1/29/2021 4:49:39 PM
From: Paul Senior	1 Recommendation Recommended By Jurgis Bekepuris Read Replies (1) \| Respond to of 78753

Elroy, I look at FB this way: Last quarter: "Revenues increased 33% year over year to $28.1 billion and edged past the estimated $26.4 billion. The revenue growth represents the company’s fastest growth rate in more than two years." The profit margin on those sales is about 33%, maybe a little less. So from each of those dollars in revenue, FB is able to bring in about 33 cents to the bottom line. It doesn't get any juicier than that. Ok some negatives besides big ones of political interference/righteousness fights/punitive possible taxes: 1.FB says line of sight to 2021 ad revenue is not clear. 2. FB is a good/great profit generator now. How much should an investor pay for that, i.e. is there a p/e where it's too expensive and are we there? Which you discussed. In my view, the p/e (and thus price to pay for the stock now) is not too expensive at all. Of course, jmo, and I've been wrong many, many times. Maybe here as well.