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Is magicformulainvesting.com really magic ?

EBIT / Enterprise value ,,For purposes of the study and in the interest of simplicity,it was assumed that depreciation and amortization expense were roughly EQUAL to MAINTANANCE capital spending. It was, therefore, assumed that EBITDA - Maintenan ...

personal blog entry - GordonGekko - 2007-02-18 06:22 - 18 comments

UNG natural gas ETF, buying aggressively again

http://investingformula.blogspot.com/2009/05/buying-aggresively-ung.html After have liquidated everything in area 17 and above I think it can be another bargain to see UNG below 14 area and may be in few days again at the low. It's a bear trap, in m ...

personal blog entry - investing formula - 2009-05-24 18:03 - 1 comment

Wal-Mart Stores Inc (WMT) - An 'Inevitable' Sold

Warren Buffett calls Wal-Mart Stores Inc ( WMT ) an 'inevitable' and that is why he, and many other value investors such as Joel Greentblatt, Wally Weitz, Tweedy Browne, and Bill Nygren - to name a few - are invested in Wal-Mart.  I too believe Wal- ...

personal blog entry - Theo - 2007-02-09 01:08 - 7 comments - 2 attachments

American Financial Group (AFG) - Sold

Today I sold a long-time favorite: American Financial Group ( AFG ).  Purchased two years ago, my investment in AFG has returned 66% plus dividends. When I initially purchased the stock, there was a large insider margin of safety .  Billi ...

personal blog entry - Theo - 2007-01-26 14:29 - 5 comments - 1 attachment

Common sense vs Quants part II

AGQ  (double silver etf), SLV (silver etf) Implied volatility of AGQ is 76 and implied volatility of SLV is 38. Premium for AGQ is 2x higher than for silver. (23% vs 9.6%). Investor who wants to build his long term positio ...

personal blog entry - pelcmarek - 2009-07-13 06:06 - 1 comment

The Way to Compensate Management

The biggest reason stocks have lost money over the last 100 years when compared to inflation is mainly the result of stock options.  If a CEO is paid via options they are more inclined to backdate them, hope for inflation, and hope there is a bump in ...

personal blog entry - buybackking - 2009-07-21 02:46 - 1 comment

American Financial Group (AFG) - Update

AFG (31.65) was probably the quickest stock I have ever bought.  Last year, December 2004, it was trading just under book value and I noticed billionaire Carl Lindner was accumulating even though he already owned over $200 million.  (Mr. ...

personal blog entry - Theo - 2005-12-11 19:28 - 5 comments

Manager Frets Over the Market, but Still Outdoes It

Great article from last year on Seth Klarman : EARNING 22 percent on your investments while holding half of your portfolio in cash is no easy trick, but last year Seth A. Klarman pulled it off, and it was not the first time. Mr. Klarman, a 49- ...

personal blog entry - Theo - 2008-06-19 00:08 - 1 comment

Western Sizzling- new Berkshire?

Hi, I'm very impressed of stokblogs.com and signed up today! The first idea I like to share with you is Western Sizzling (WSZL.OB). It's a small restaurant franchise company, young hedge fund manager Sardar Biglari holds a stake in. Moreover, he is ...

personal blog entry - JanHendrik - 2007-01-14 15:16 - 5 comments

Unfortunately, valuation analysis tells us nothing about timing...

"Unfortunately, valuation analysis tells us nothing about timing.  History shows us that stocks can stay undervalued for extended time periods..." Edward O. Thorp "A summer intern reminded me years later of the advice I had ...

personal blog entry - pelcmarek - 2009-04-16 18:04 - 3 comments

Meeting with Irwin Michael, Part 1

Last Thursday I went to a presentation by Irwin Michael, portfolio manager of ABC Funds .  His flagship fund, the ABC Fundamental Value Fund, has an impressive 15-year 18.76% compounded rate of return.  And the purpose of this meeting was to o ...

personal blog entry - Theo - 2006-02-21 00:08 - 3 comments

GCE.TO - Grande Cache Coal

Still undervalued. We discovered it at 0.50 CAD per share and bought recently at 0.60 and 0.65 CAD before the new rally at 1.49. Before rallied from 0.49 to 1.93 in January. It still is very cheap and a bargain stock. Debt free, with constant revenues and ...

personal blog entry - investing formula - 2009-04-19 07:24 - 1 comment - 1 attachment

The 2008 Top Moneymakers

1. James Simons , Renaissance Technologies Corp, $2.5 billion 2. John Paulson , Paulson & Co, $2 billion 3. John Arnold , Centaurus Energy, $1.5 billion 4. George Soros , Soros Fund Management, $1.1 billion 5. Raymond Dalio , Bridg ...

personal blog entry - pelcmarek - 2009-07-07 23:45 - 1 comment

IndyMac Bancorp Collapses

Well it's official, a bank has collapsed in the United States.  IndyMac Bancorp was seized by federal regulators last night after an already a large run on the bank.  If guys like Eric Sprott and Jim Rogers are right, this should be the start ...

personal blog entry - Theo - 2008-07-12 16:30 - 1 comment

Distressed Debt Analysis

by Stephen G. Moyer, CFA Hardcover: 448 pages Publisher: J. Ross Publishing (November 2004) Language: English ISBN-10: 1932159185 ISBN-13: 978-1932159189 Stephen Moyer is a Director of Tennenba ...

personal blog entry - GordonGekko - 2007-03-28 07:19 - 4 comments