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  • Newest Additions To Our Friedrich Charts [View article]
    Thanks recklessinpa,

    I think it came to the attention of Train from Buffett and not the other way around. One of my investment advisor representatives for my RIA CEI Advisors was a Senior Vice President at Source Capital and worked for George Michaelis for 14 years side by side and since Berkshire was a major owner of the fund, she used to have to call Charlie Munger from time to time on behalf of the fund ;-) I am a pretty lucky guy to get her on board to represent my firm.

    Take Care,

    Oct 23, 2015. 11:29 PM | Likes Like |Link to Comment
  • Newest Additions To Our Friedrich Charts [View article]
    I have corrected it on my blog and asked SA to do so as well

    Thanks Mycroft
    Oct 13, 2015. 08:30 PM | Likes Like |Link to Comment
  • Newest Additions To Our Friedrich Charts [View article]
    Oct 13, 2015. 08:06 PM | Likes Like |Link to Comment
  • Newest Additions To Our Friedrich Charts [View article]
    You are correct it's "The New Money Masters". Sorry about that.


    Oct 13, 2015. 08:01 PM | Likes Like |Link to Comment
  • Gilead Blows By 2Q Estimates; Investors Getting Drug Pipeline For Free [View article]
    Great Article Valuentum,

    I analyzed your article using my Friedrich Algorithm for my blog and came to the same conclusions you did. You can view my Friedrich charts on Gilead Sciences by going here.

    Thanks again for the great article!

    Jul 29, 2015. 11:51 AM | 1 Like Like |Link to Comment
  • Apple Earnings: Not A Blow-Out, But Good Enough [View article]
    Dear Mark,

    Excellent article! I analyzed your conclusion using my Friedrich Algorithm and came to the same result you did, though Friedrich's results are even more bullish. To view the results of my algorithm please click the link below;

    Jul 22, 2015. 10:35 PM | Likes Like |Link to Comment
  • Yum Earnings Preview [View article]
    Excellent Article L&F,

    I reviewed it for my blog and my Friedrich Algorithm agrees with your conclusions.

    Here is a link to my review

    Best Regards,

    Jul 13, 2015. 03:18 PM | 2 Likes Like |Link to Comment
  • AT&T: Avoid At All Costs As It's More Risky Than You Think [View article]
    Great Article Harm,

    I reviewed your article on my Blog and had my Friedrich Algorithm analyze AT&T and I came to the same conclusions you did, though my results are 100% GAAP and thus more conservative. I also showed proof on your conclusion that T is a great stock to buy at the beginning of a Bull Market.

    Here is the link

    Jul 10, 2015. 01:20 PM | 1 Like Like |Link to Comment
  • Whole Foods Vs. Sprouts Farmers: Which Is The Better Long-Term Opportunity Right Now? [View article]
    Hi Stan,

    Great Article ! I reviewed your article for my blog and my Friedrich Algorithm came to similar conclusions to what you did. I found WFM to be a much better deal than SFM and it would be the first of the two I would go with in a market correction.

    Here is the link to my analysis

    Please read the introduction to my Friedrich Algorithm so you can see what all the points mean.

    Jul 9, 2015. 06:09 PM | 1 Like Like |Link to Comment
  • Gilead Will Keep On Rolling [View article]
    Thanks FaithKeeper,

    Gilead has the best results so far of any company I have analyzed with Friedrich, by a country mile!

    Best Regards,

    Jul 9, 2015. 07:10 AM | 2 Likes Like |Link to Comment
  • Gilead Will Keep On Rolling [View article]
    Hi Bret,

    Great Article! I analyzed your article on my blog using my Friedrich Algorithm and it agrees with your conclusions. You may be very pleased by how powerful the results were.

    Here is the Link:

    Jul 9, 2015. 04:59 AM | 2 Likes Like |Link to Comment
  • After The Sell-Off, Chipotle Still Has Further To Fall [View article]
    Hi Hewitt ,

    In dealing with point #2 to start with Friedrich is a strict GAAP analysis and sometimes there are one time charges or events that throw everything out of whack and skew the numbers, as you saw in the eBay example I used in my blog introduction and that is why you see the spike up sometimes or down. I analyze a company over ten years so I can see how much a company relies on one time adjustments that are rampant on Wall Street these days. I am looking for companies that have consistent operations over a long term horizon so I can avoid surprises as I believe that surprises tend to cause losses.

    As for the drop from $214 to $186 and that happened because I use revenue growth in my analysis instead of EPS growth and revenue growth slowed TTM.

    As for your first point I don't use EPS estimates but use my own Mycroft Free Cash Flow formula that has CMG having a MFCF per share of $12.29 and my TRUE VALUE would come at 15.13 x TTM MFCF and if we take out the cash we are at 11.39. You can read about my MFCF formula by going here I don't minus cash out and cut companies zero slack in anything as I hate losses more than anything and always operate under worst case scenario conditions as I like to buy bargains. I thus tend to do a lot of investing during market crashes and then liquidate towards the end of bull markets. I also operate the way that I do because I don't trust management's as most CEO's are borrowing money to buy back stock just so they can boost their stock price and cash in on thier options. If you want to make Wall Street a safe place to bring the family again then eliminate all option grants to management and that will do it.

    I am a big fan of free cash flow and I showed in the following backtest that if you buy at 15 times or below free cash flow per share you can have amazing results show up

    So with Friedrich coming in at around 15.13 times MFCF it would make CMG a great investment. I even try to go that much further and try to buy at a 30% discount to TRUE VALUE which in today's market is almost impossible to find but in 2008-2009 had me shooting fish in a barrel.

    Thank you for point #4 and as for point #3 I put in the heading of the blog post "Seeking Alpha Friedrich Analysis" and then the title of the article I am reviewing followed by two more links to the article. So I am the author of the blog post and that is why my name is there.

    My goal in reviewing articles on my blog is because I find that many writers and analysts are pumping up stocks or knocking them down unjustly and I am just adding my own viewpoint based on my Algorithm, which is designed to identify at what price per share a company would be a real bargain at on Main Street and then I review 1000's of companies with Friedrich and then wait patiently for my bargain price to show up.

    I find that too many investors who read articles and pay attention to Analysts upgrades and downgrades, seem to take the authors and analysts analysis as gospel and tend to follow it religiously. I do not and as I read them I will write blog posts agreeing or disagreeing with them and will show why by just showing my Friedrich Chart result. I doubt I will make many friends in doing so, but like Consumer Reports I am not looking to make friends but to give a different viewpoint for my blog readers in order to teach them to always question what you read. I am confident in my work and methodology and let my charts speak for themselves. It scares me how many investors follow a herd mentality and just blindly follow, without investigating why they are buying the stocks that they do. When these same investors go to the supermarket, they know the price of every item in there and know when the market is overpricing their products. This usually makes them angry, but the stock market itself is a market as well just like the supermarket, but unfortunately not many people are looking for bargains and since the great majority are overpaying for shares in companies, you get bubbles that result in huge losses for those investors who follow the herd. Ben Graham and Warren Buffett are their idols, but few rarely follow those great men's methodology's. So what I did is incorporate all the knowledge I have learned in my decades of working as an analyst and put them all in Friedrich. I did so as he can analyze stocks in 5 seconds the way I would do but it would take me 1 week if not longer.
    Josh did a great job in his article and I agreed with him though my analysis is much more of an ultra conservative approach.

    Hope that helps you understand what I am trying to do and how I do it.

    Jul 8, 2015. 03:27 PM | 2 Likes Like |Link to Comment
  • After The Sell-Off, Chipotle Still Has Further To Fall [View article]
    Hi Josh,

    Great Article! I analyzed your article on my blog using my Friedrich Algorithm and it agrees with your conclusions, even though Friedrich is more ultra conservative.
    Jul 8, 2015. 09:31 AM | Likes Like |Link to Comment
  • Apple: Analyzing It Using Owner Earnings And Free Cash Flow [View instapost]
    Gilead Sciences
    Jun 16, 2015. 08:42 AM | Likes Like |Link to Comment
  • 3 Ways To Beat Buffett's Berkshire [View article]
    I would have you look at Goodwill and how much of Book Value is tangible. Seems like smoke and mirrors to me.
    Jun 4, 2015. 01:12 PM | 2 Likes Like |Link to Comment