Note: I hope the readers will forgive me if this post is very informal. I like to post my performance results, not to brag but to show that you are not reading a blog run by someone with an awful […]
By Hugo of http://www.vforvalue.blogspot.com/ Many investors are still very scared of stocks, particularly in Europe. The financial crisis, the stock market crash, the bankruptcy of some banks, the bad results obtained on some investment vehicles, caused many investors to stay […]
by Rob Bennett The conventional wisdom is that the market is forward-looking. What investors are trying to figure out is — Where are stocks headed? They form an assessment of what they think is going to happen to the economy […]
Roger Lowenstein wrote a best seller on Buffett, and is an expert on pensions, and the financial crisis. He was asked to testify before The Financial Crisis Inquiry Commission-Roger Lowenstein, Author • MP3. We discussed Warren Buffett, Seth Klarman (Lowenstein is […]
… a piece of that world survives on Library Street in Reston, Va., where an obscure business, the MERS Corporation, claims to hold title to roughly half of all the home mortgages in the nation — an astonishing 60 million loans. […]
I transcribed John Paulson’s (CEO of Paulson and Co.) entire testimony before the The Financial Crisis Inquiry Commission. Paulson was one of the first people to forsee the financial crisis, shorted, and made billions. One of his funds was up […]
Lexmark International Inc (NYSE:LXK) develops, manufactures and supplies printing and imaging products for home and office users. It has been a favourite of value investors, frequently appearing in stock screens for companies appearing cheap on a variety of metrics. For example, while it currently trades at a P/E of ~9, excluding cash you would get a P/E closer to 5.
The company appears to be enjoying the results of a successful (and ongoing) restructuring, in which the company’s new CEO is moving up market to capture higher margin sales (e.g. laser printer sales and servicing for small and medium businesses). Both revenue and margins improved this year as a result. Additionally, the company’s balance sheet looks great, with cash more than double debt (the company . . .
→ Read More: Lexmark International: A Takeover Candidate? (LXK)
I posted this article in part previous on the website, but I did not post the full thing because I gave exclusive rights for the article to Guru Focus. I was given permission to post the full write up here. […]
In a previous article by James Montier, he emphasized the importance of investors sticking true to sensible guidelines for investing. However, Montier did not state what these principals were. In this piece, Montier describes seven rules of investing, which he […]
VoxEu Carmen Reinhart: Diminished expectations, double dips, and external shocks: The decade after the fall
This is a great article by Carmen Reinhart who is the co-author of the recent best-seller This Time Is Different: Eight Centuries of Financial Folly, which I highly recommend all Value Walk readers consider reading. You can find my book review […]