Value Investor Today

See our recent posts on Pardee's 2019 annual report and its share repurchases.

I was dubious of online conferences once this pandemic hit and everyone began hosting Zoom and Skype events but I’m coming around to the idea. Sure, you don’t get the social and networking opportunities that you get at a normal conference but there are plenty of positives: More people can attend You don’t have to travel anywhere (this is a big one for me since I hate leaving my kids) There are no awkwar...

The post The Only Rational Deployment of Our Ignorance appeared first on A Wealth of Common Sense.

This week Apple confirmed that it would begin shipping products with chips it designs by itself. They’re replacing chips that Intel used to make for them and they claim the graphics performance will now be better. We already know they’ll save money. One analyst estimates that Apple is now making 42% of the iPhone’s components by itself versus only 8% five years ago. That’s a dramatic shift. I was t...

The post Closest to the customer vs suppliers appeared first on The Reformed Broker.

Linked here is a detailed quantitative analysis of United Parcel Service, Inc. (UPS). Below are some highlights from the above linked analysis: Company Description: United Parcel Service, Inc. is the world's largest express delivery company, UPS has established itself as a facilitator of e-commerce. Fair Value: In calculating fair value, I consider the NPV MMA Differential Fair Value along with

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When it became apparent sports weren’t coming back for a while in early-March, I joked that ESPN should become a financial network until they returned. It wasn’t Stephen A. Smith but Dave Portnoy of Barstool Sports who made the pivot to trading stocks. This makes sense when you consider how many people there are who gamble on sports. Day-trading is a natural extension of gambling. Portnoy and his army of day-t...

The post Joe Granville: The Original Dave Portnoy appeared first on A Wealth of Common Sense.

Ritholtz’s Josh Brown on what investors should do in market sell-off from CNBC. ...

The post Clip From Today’s Closing Bell appeared first on The Reformed Broker.

In World War I and World War II there were a number of ways in which you could show your patriotism to support the United States. Some people volunteered to put their life on the line for their fellow citizens. Others stayed back to ensure there were enough supplies for the war effort by working in factories. The government also played up the patriotic angle through financial means by issuing war bonds to pay for it. In W...

The post How Would Investors React If We Finally Get Some Inflation? appeared first on A Wealth of Common Sense.

This week’s Animal Spirits with Michael & Ben is supported by YCharts: Mention Animal Spirits and receive 20% off your subscription price when you initially sign up for the service. We discuss: What if we see a big uptick in inflation that wipes out some of the government debt? What would it take to get interest rates back up to 3-4%? Why is the Fed buying corporate bonds? It’s time to move on from compla...

The post Animal Spirits: Inflation Ahead appeared first on A Wealth of Common Sense.

Things are different now. They started to change in 2008, when Congress and the Federal Reserve threw unprecedented money at the economy to keep it from collapsing. They’ve done it again this year, with even more money. Trillions and trillions of dollars. It was a huge debate in 2008. It’s much less controversial today. My theory is that once a new kind of stimulus is tasted it becomes a permanent feature of how downt...

The post You can’t undrop the bomb appeared first on The Reformed Broker.

I couldn't begin to estimate how many different stocks are traded around the world on the various exchanges. Like everything else, there are many participants, but few players. Though the population of stocks may be large, there are only a precious few that are worthy dividend growth stocks. When spending my time looking for worthy investments, there are four primary places I look: I. S&P 500

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