Value Walk Exclusive Interview: Guy Spier PM of Aquamarine Fund
I hope the readers will enjoy this special treat. I had the privelege of conducting an interview with Guy Spier. … Read more
Technology
Everything ValueWalk covers about Technology, including the latest news, tips, rumors, features, tech guides.
UPDATE: The Latest on MERs
Anyone who is a regular reader of this website knows that I have penned a couple of articles about Mortgage … Read more
A Short History of the Federal Reserve
Central banking has had a perilous and uncertain history in the United States. The country has experimented with three central … Read more
Personal Loans for The Average Joe
Getting a personal loan usually has two big catches; one you need to have great credit, income etc. or two … Read more
Pension Funds Will Return Less Than 3% Annually Over The Next Decade
I have written several articles about pensions. Two things inspired me to write an article about how to fix the … Read more
UPDATE: Wyoming Court Rules In Favor of MERS
Judge affirms company’s ability to assign based on terms of mortgage
Blind Stock Valuation-Results
I posted this two months ago: Geoff Gannon of Gannon On Investing.com/ posted this great stock valuation exercise. Everyone should talke … Read more
Exelon (EXC): Best in Class Nuclear Operator or Underfunded Pension Plan Timebomb?
By Ben Strubel of Strubel Investment Management Opinion on Exelon is mixed. On one hand are the bulls who point … Read more
Red Capitalism: The Fragile Financial Foundation of China’s Extraordinary Rise
Frank Voisin is a value investor and independent analyst whose site, Frankly Speaking, contains Frank’s investment theses as well as educational … Read more
Interview with Tim du Toit of EuroshareLab
How did you get started in investing? From a young age I had an interest in business, I was always … Read more
Lorillard Inc: a Smoking Opportunity? (LO)
Frank Voisin is a value investor and independent analyst whose site, Frankly Speaking, contains Frank’s investment theses as well as educational … Read more
Margin Shrinkage – It Can Happen to You
My colleague, Vitaliy N. Katsenelson of http://contrarianedge.com/ wrote this excellent article yesterday. It is a topic that has worried me … Read more
Interview with Famous Author and Director of Sequoia Fund Roger Lowenstein
Roger Lowenstein wrote a best seller on Buffett, and is an expert on pensions, and the financial crisis. He was … Read more
MERS Seems Like a Scam but
… a piece of that world survives on Library Street in Reston, Va., where an obscure business, the MERS Corporation, claims … Read more
Lexmark International: A Takeover Candidate? (LXK)
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)