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  • Simple And Effective Market Timing With Tactical Asset Allocation [View article]
    http://bit.ly/1sbWa5Z

    SeekingAlpha did not transfer over the entire post.

    Our whole foundation is based on 100% attribution and sharing/extending the work being done.

    I will personally email SeekingAlpha and ensure they don't take our content in the future and selectively eliminate pieces that are critical--like attributing the original paper to the author!
    Oct 8, 2014. 01:46 PM | 1 Like Like |Link to Comment
  • Why ETFs Are More Tax-Efficient Than Mutual Funds [View article]
    Can't talk much about it. But stay tuned. Affordable active management will be coming to a theater near you.
    Apr 2, 2014. 02:43 PM | Likes Like |Link to Comment
  • Quant Magic: A Book Review Of 'Quantitative Value,' By Wesley Gray And Tobias Carlisle [View article]
    Excellent review.
    May 16, 2013. 09:04 PM | Likes Like |Link to Comment
  • Dish Is Cheap And Financially Strong With A High Quality Franchise [View article]
    Chris, absolutely it may look cheaper based on the value of DISH's wireless assets. Our valuation methodology, however, is limited in its capacity to value intangible, non income producing assets such as wireless spectrum. This is where the skills of a human analyst come into play. Clearwire Corporation (CLWR) might be an example of a firm that has wireless spectrum assets and it could be useful for comparative valuation purposes.
    May 14, 2012. 08:28 PM | Likes Like |Link to Comment
  • Dish Is Cheap And Financially Strong With A High Quality Franchise [View article]
    Icehocey77, we chose DISH because it is statistically a better buy than DirecTV at this point, based on our empirically tested screening methods. It is a cheap stock exhibiting multiple additional signals indicating undervaluation.
    May 14, 2012. 08:05 PM | Likes Like |Link to Comment
  • Premier Exhibitions: Not Too Late To Cash In [View article]
    I spoke to the CFO last June about the potential tax issues (this was before the court ruling in August).
    The answer he gave me was not clear cut at all. In the end, he essentially said that it is a real problem, but they are going to figure out a way to dodge it and we would simply have to trust that they'll make it happen.
    With a near zero basis and high profile asset sale I can't imagine they can come up with a great scheme, beyond a deferral of some sort. Who knows.
    Jan 31, 2012. 01:36 PM | 1 Like Like |Link to Comment
  • Microsoft Is Cheap, With An Economic Moat Driving Cash Flows [View article]
    You may be right, Bill. All we can tell you is that MSFT looks cheap based on measures which are statistically in favor of high risk-adjusted returns. Of course, on any individual situation the analysis can be incorrect and the items you mention may carry the day.
    One article you should check out is the following:
    http://bit.ly/wcsgBG

    Best of luck.
    Jan 28, 2012. 08:33 AM | Likes Like |Link to Comment
  • Microsoft Is Cheap, With An Economic Moat Driving Cash Flows [View article]
    xbox is an interesting asset with the potential to compete with cable companies in a serious way.
    Windows is certainly facing a major headwind with the advent of 'the could', however, having attempted to switch IT departments over to the cloud from Microsoft is like pulling teeth--therein lies the moat--switching costs/hassle. That said, it would be naive to claim that MSFT's moat is iron clad forever; longer term the moat is certainly questionable.
    Jan 27, 2012. 08:42 AM | Likes Like |Link to Comment
  • Shorting The Magic Formula [View article]
    Mark, there is probably some truth to this--money doesn't grow on trees.
    Many of the top quant strategies probably have some sort of 'alpha', but they are also typically very 'crowded' trades where a lot of the players employee leverage. Leverage + lots of traders + supposed alpha = disaster (sometimes, at least).
    Nov 16, 2011. 07:20 PM | Likes Like |Link to Comment
  • ConocoPhillips Is Cheap, Trading At Low Normalized P/E [View article]
    Again, we are coming at this from a quantitative perspective; we don't claim that this is a comprehensive discussion. This is a huge company and you could write books of equity research about it. We stand by our observations of its statistical merit.
    Oct 24, 2011. 10:19 AM | Likes Like |Link to Comment
  • ConocoPhillips Is Cheap, Trading At Low Normalized P/E [View article]
    Fair comment. Our review is from a statistical, quantitative perspective. Any corporate split could be beneficial if the market sees more value in the discrete pieces. Averaging past EPS has some decent research behind it, see: http://bit.ly/nePdXi

    It's true that the dividend is part of the return, but no, we didn't mention it specifically.
    Oct 24, 2011. 10:14 AM | Likes Like |Link to Comment
  • ConocoPhillips Is Cheap, Trading At Low Normalized P/E [View article]
    Sure, that's reasonable, although you should be aware that there is some interesting research out there on the long-term P/E; take a look at:

    http://bit.ly/nePdXi
    Oct 24, 2011. 10:10 AM | Likes Like |Link to Comment
  • Shorting The Magic Formula [View article]
    shorting is dangerous--plain and simple. Be careful.
    Oct 23, 2011. 09:09 AM | Likes Like |Link to Comment
  • SodaStream Can Deliver As Much Fizz As Investors Need [View article]
    "all we’re looking for is a general frame of reference"

    It seems pretty haphazard to pick one stock and use it as a comp. I assume you are aware of the case David Einhorn made recently against GMCR at the VIC. I am wondering if this affects your general frame of reference?
    Oct 20, 2011. 08:48 PM | Likes Like |Link to Comment
  • The Coca-Cola Company Is Still Buffett Quality, Perhaps Expensive For Graham [View article]
    The 3 accrual analytics are based on three separate papers. We take no stance on which is best, but there is evidence that all three identify 'problem areas'.

    Below are the sources with details on each.

    net operating assets/ total assets
    http://www.econ.yale.edu/~shiller/behfin/2004-...

    accruals/total assets
    http://bit.ly/p8ZXxW

    accruals/net income
    http://bit.ly/pnGnwR/
    Oct 19, 2011. 09:57 PM | Likes Like |Link to Comment
COMMENTS STATS
26 Comments
6 Likes