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  • Berkshire Hathaway: Determining Intrinsic Value [View article]
    The second edition is out on Lulu.com
    http://bit.ly/1l01syL
    Mar 18 09:10 AM | Likes Like |Link to Comment
  • Berkshire, Exxon Mobil And A Valuation Tail [View article]
    Thanks for your comments and the correction of the typo. Yes, it should read valuepro.net
    Nov 20 10:24 AM | Likes Like |Link to Comment
  • Berkshire Hathaway Is A Sell [View article]
    Time is the friend of the wonderful business and the enemy of the mediocre. Berkshire Hathaway is a collection of wonderful businesses with moats (brands, sustainable competitive advantage).

    Furthermore, when the next wave of inflation arrives, only those with "pricing power" can keep up with inflation. See the 1981 shareholder letter.

    I would love to work for any of Berkshire Hathaway's businesses, and to prove it, here is my cv: http://bit.ly/VYfgwg
    Mar 3 09:10 PM | Likes Like |Link to Comment
  • Moats : Competitive Advantages Of 70 Buffett & Munger Businesses Is Now On Amazon.com [View instapost]
    The 30 sec radio ad for MOATS is here: http://bit.ly/xOFB7z
    Mar 9 01:44 PM | Likes Like |Link to Comment
  • I Would Rather Own Berkshire Hathaway Than A Mutual Fund [View article]
    I agree. Also, note that the new MOATS book is finally on Amazon.com !

    Moats : The Competitive Advantages Of 70 Buffett And Munger Businesses http://amzn.to/yLQDI0

    This may be the best business book that describes the competitive advantages of profitable businesses. MOATS describes the nature of 70 selected businesses purchased by Buffett and Munger for Berkshire Hathaway Inc. MOATS is a very useful resource for investors, managers, students of business. Since its subject matter has proven success, MOATS may become a useful practical text in businesses schools around the world. MOATS also looks at the sustainability of these competitive advantages in each of the 70 chapters.
    Mar 2 02:19 AM | Likes Like |Link to Comment
  • Berkshire Hathaway: Determining Intrinsic Value [View article]
    The new MOATS book is finally on Amazon.com ! Moats : The Competitive Advantages Of 70 Buffett And Munger Businesses
    http://amzn.to/yLQDI0

    This may be the best business book that describes the competitive advantages of profitable businesses. MOATS describes the nature of 70 selected businesses purchased by Buffett and Munger for Berkshire Hathaway Inc. MOATS is a very useful resource for investors, managers, students of business. Since its subject matter has proven success, MOATS may become a useful practical text in businesses schools around the world. MOATS also looks at the sustainability of these competitive advantages in each of the 70 chapters.
    Mar 2 02:17 AM | Likes Like |Link to Comment
  • Procter & Gamble: Wide Economic Moat, But Statistically Still A Little Pricey [View article]
    The MOATS book is finally on Amazon.com !

    Moats : The Competitive Advantages Of 70 Buffett And Munger Businesses http://amzn.to/yLQDI0

    This may be the best business book that describes the competitive advantages of profitable businesses. MOATS describes the nature of 70 selected businesses purchased by Buffett and Munger for Berkshire Hathaway Inc. It is a useful resource for investors, managers, students of business.

    Since its subject matter has proven success, MOATS may become a useful practical text in businesses schools around the world. It also looks at the sustainability of these competitive advantages in each of the 70 chapters.
    Mar 1 02:06 PM | Likes Like |Link to Comment
  • Insight Into A Buffett Moat [View article]
    Saj, The MOATS book is finally on Amazon.com !

    Moats : The Competitive Advantages Of 70 Buffett And Munger Businesses http://amzn.to/yLQDI0

    This may be the best business book that describes the competitive advantages of profitable businesses. MOATS describes the nature of 70 selected businesses purchased by Buffett and Munger for Berkshire Hathaway Inc. It is a useful resource for investors, managers, students of business.

    Since its subject matter has proven success, MOATS may become a useful practical text in businesses schools around the world. It also looks at the sustainability of these competitive advantages in each of the 70 chapters.
    Mar 1 02:03 PM | Likes Like |Link to Comment
  • A Value Guy looks at DIRECTV., DTV [View instapost]
    Let us do a rough estimated intrinsic value estimation on DIRECTV, a provider of digital television entertainment.

    The Company operates two direct-to-home (DTH), operating segments: DIRECTV U.S. and DIRECTV Latin America (DTVLA), which are engaged in acquiring, promoting, selling and/or distributing digital entertainment programming primarily via satellite to residential and commercial subscribers.

    It also operates three regional sports networks (RSNs) and owns a 65% interest in Game Show Network, LLC (GSN), a television network for game-related programming and Internet interactive game playing. DIRECTV Holdings LLC and its subsidiaries (referred to as DIRECTV U.S.) is a provider of DTH digital television services.

    DTVLA is a provider of DTH digital television services throughout Latin America. DIRECTV Sports Networks LLC and its subsidiaries (DSN) consist of three RSNs based in Seattle, Washington, Denver, Colorado and Pittsburgh, Pennsylvania, FSN Northwest, FSN Rocky Mountain and FSN Pittsburgh.

    STOCK ACTIVITY
    Last Price 44.66

    Does DTV make for an intelligent investment or intelligent speculation today?
    Starting with a base estimate of annual Free Cash Flow at a value of approximately $2,500,000,000 and the number of shares outstanding at 705,600,000 shares; we used an assumed FCF annual growth of 9 percent for the first 10 years and assume zero growth from years 11 to 15. Review the Free Cash Flow record here:

    http://bit.ly/Avwc8E

    The resulting estimated intrinsic value per share (discounted back to the present) is approximately $60.03.

    Market Price = $44.66
    Intrinsic Value = $60.03 (estimated)
    Debt/Equity ratio = 0
    Price To Value (P/V) ratio = .74 and the estimated bargain = 26. percent.

    Before we make a purchase, we must decide ( filter #1 ) if DTV is a high quality business with good economics. Does DTV have ( filter #2 ) enduring competitive advantages, and does DTV have ( filter #3 ) honest and able management.

    The current price/earnings ratio = 14.5 and It 's current return on capital = 12.
    Using a debt to equity ratio of 0, DTV shows a 5-year average return on equity = 30.8
    Feb 17 12:17 PM | Likes Like |Link to Comment
  • What Is A Moat? [View article]
    William, The Moats book about Buffett and Munger's businesses will be out on Amazon.com in mid to late February, 2012. It is currently available on Lulu.com here: http://bit.ly/AbFnMh
    Here are the major points of interest:

    1. MOATS discusses 70 historically profitable businesses worthy of study.

    2. MOATS examines the competitive advantages and sustainability of each business.

    3. Each MOATS chapter has both a Warren Buffett and a Charlie Munger quote or idea weaved into the discussion.

    4. The MOATS chapter on Lubrizol includes an estimated valuation based on Free Cash Flows.

    5. Each MOATS chapter was checked by two people.

    6. Even if you buy the MOATS hardcover edition, 50/70 is $0.72 value per business or chapter.

    7. If you liked "Good To Great" by Jim Collins, you will enjoy 70 GREAT Berkshire Hathaway Businesses.
    Feb 1 01:11 PM | Likes Like |Link to Comment
  • How To Find Stocks With Strong Moats [View article]
    The Moats book about Buffett and Munger's businesses will be out on Amazon.com in mid to late February, 2012. It is currently available on Lulu.com here: http://bit.ly/AbFnMh

    Here are the major points of interest:

    1. MOATS discusses 70 historically profitable businesses worthy of study.

    2. MOATS examines the competitive advantages and sustainability of each business.

    3. Each MOATS chapter has both a Warren Buffett and a Charlie Munger quote or idea weaved into the discussion.

    4. The MOATS chapter on Lubrizol includes an estimated valuation based on Free Cash Flows.

    5. Each MOATS chapter was checked by two people.

    6. Even if you buy the MOATS hardcover edition, 50/70 is $0.72 value per business or chapter.

    7. If you liked "Good To Great" by Jim Collins, you will enjoy 70 GREAT Berkshire Hathaway Businesses.
    Feb 1 08:01 AM | Likes Like |Link to Comment
  • Is Procter & Gamble a Value Investment? [View article]
    The MOATS book (about the Competitive Advantages of 70 Buffett and Munger Businesses) will be on Amazon.com in mid to late February, 2012. It is currently available on Lulu.com here:
    http://bit.ly/AbFnMh

    Major points of interest:

    1. MOATS discusses 70 historically profitable businesses worthy of study.

    2. MOATS examines the competitive advantages and sustainability of each business.

    3. Each MOATS chapter has both a Warren Buffett and a Charlie Munger quote or idea weaved into the discussion.

    4. The MOATS chapter on Lubrizol includes an estimated valuation based on Free Cash Flows.

    5. Each MOATS chapter was checked by two people.

    6. Even if you buy the MOATS hardcover edition, 50/70 is $0.72 value per business or chapter.

    7. If you liked "Good To Great" by Jim Collins, you will enjoy 70 GREAT Berkshire Hathaway Businesses.
    Feb 1 06:51 AM | Likes Like |Link to Comment
  • Wells Fargo Reports Increased Income And The Potential For An Increased Dividend [View article]
    Here is an audio file of the WFC chapter from the MOATS book:
    http://bit.ly/AvCKLr

    MOATS : The Competitive Advantages of Buffett and Munger Businesses explains the competitive nature of 70 selected businesses purchased by Warren Buffett and Charlie Munger for Berkshire Hathaway Incorporated. This is a useful resource for investors, managers, students of business around the world. It also looks at the sustainability of these competitive advantages in each of the 70 chapters.
    Jan 19 10:58 AM | Likes Like |Link to Comment
  • What We Can Learn From Buffett's IBM Position [View article]
    Here is an audio file of the IBM chapter from the MOATS book:
    http://bit.ly/AEv6dw

    MOATS : The Competitive Advantages of Buffett and Munger Businesses explains the competitive nature of 70 selected businesses purchased by Warren Buffett and Charlie Munger for Berkshire Hathaway Incorporated. This is a useful resource for investors, managers, students of business around the world. It also looks at the sustainability of these competitive advantages in each of the 70 chapters.
    Jan 19 10:55 AM | 1 Like Like |Link to Comment
  • Hewlett Packard May Be Value Bargain [View article]
    Thanks. I agree... The HPQ BOD and the past CEO seem to have hurt the company in the last few years. HPQ slashed its R&D to take EPS up and also bought stock back .
    May 18 11:08 AM | Likes Like |Link to Comment
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