Paolo Gorgo' founded Nortia Research to pursue his passion for equity research. Paolo is an Italy-based investor who mostly analyzes distressed debt and turnaround cases. On Seeking Alpha, he started covering the Telecommunications Infrastructure and Colocation Industry, whose turnaround has been impressive - see Paolo's article: "Equinix's Journey From IPO To The Nasdaq 100 Through Near Bankruptcy". His commentary has been quoted both by news organizations like Reuters and listed companies like Equinix, Switch and Data, TelX (Digital Realty), etc. Paolo can be reached at: admin [at] nortiaresearch [dot] com
Nearly 40-year, and now retired, CPA. Former experience includes audit and tax work with small and large CPA firms (including as a manager with a 'Big Eight' firm) as well as serving in various companies as controller/CFO capacities.
Spent the last 23 years prior to retirement with several municipalities as Finance Director (Former CPFO, CGFM, CNA) with background in all aspects of financial and treasury management. This included investment of a $25m portfolio in fixed income investments and issuances of SEC-registered municipal bonds, including a trip to Wall Street for bond rating and insurance meetings, (which included a cool visit on the floor of the NYSE during the trading day, pre 9/11). I also benefit from a series four week-long seminars on real estate economic development training via classes and tests to become certified as an Economic Development Finance Professional (EDFP). (Never used one bit of it in my career, but it sure helps to understand IRR for REITs now.)
Long-term strategic thinker and investor since the early 1980s focused on DGI of revenue-growing cash-flow cows. Three-tiered portfolio with a) majority in a foundation of core large-cap SWANs with no dividend cuts in the past one or two recessions, b) Mid- and small-cap growers in industries with long runways (such as data center reits), and c) willing to consider a nominal allocation where appropriate in speculatives for home runs (none currently).
As a retiree, I restrict investments to companies with 1) steady, monthly, growing top line revenue, 2) growing cash flow and income and dividends, 3) strong long-term runway for product/service demand, 4) with strong controls over expenses and little overhead %. Investing for both growing dividends and total return. These characteristics, particularly increasing dividends during hard times, build wealth over time by compounding including reinvestment in the Roth and traditional IRAs. I find many selective REITs to strongly fulfill these specific portfolio criteria more than many non-reits (particularly economic-sensitive including cyclicals and banks).
Owning companies with great fundamentals means few or no worries about the thousands of minute-by-minute price overreactions when Mr. Market has another bi-polar manic tantrum. I just remind myself that I own great companies with strong fundamentals in sound long-term growing businesses having growing cash flows and dividends. Selloffs are welcomed as the greatest of opportunities: value buying matters enormously, with overpaying being my biggest past mistakes and best lesson learned.
My career experience In accounting and finance provides critical skills sets for investing, of which one of the best is recognizing the exponential wealth-building power of reinvestment of divvies in deferred/tax free accounts. Some Einstein said compounding is the 8th wonder of the world. Dividend reinvestment with div growth is double compounding growth, and results in parabolic/exponential returns. I say double compounding is the 9th wonder of the world.
SA handle explanation: photo - Lennon Rickenbacker 350 model. former member of 60's/Beatles bands, harp, keyboards, backing vocals, occasional lead vocal. Met Paul in '74. Twice. At his home. #7 Cavendish Ave, St Johns Wood. A few blocks from EMI studios at Abbey Road (if you're going to London).
Joe is a globally recognized product and marketing expert in the ceramic and stone worldwide markets. His specialty is Business Development, Product Management, and Marketing.
He has developed his expertise in strategic planning, new product development and marketing strategy during his twenty-seven year career at Dal-Tile, a subsidiary of Mohawk Industries.
Most recently, Joe served as VP of Marketing where he was responsible for the Daltile, American Olean branding and products, as well as all Ceramic products for the Mohawk brand. In addition, he was responsible for all products sold through the Home Center Channels including Home Depot, Lowes and Menards. He directed marketing operations that included new product introduction, product life cycle management, branding strategy, competitive analysis, pricing tools, and international buying policies and strategies. He led and authored Dal-Tile’s strategic planning that included a product and manufacturing roadmap, sales plans, core competency analysis, and marketing plans. In addition, he has led joint ventures in China, Italy and Mexico.
In a previous role, Joe served as an Sr. Director of Glazed Wall and Ceramics and had P&L accountability for these business’ across all the brands. Joe managed the companies first time penetration into the Home Center Channel with mosaic products, which led to a 75% market share. In addition, he managed the complete renovation of the companies largest product lines with new colors and sizes, which led to an additional $25M in sales.
Early in his career Joe established himself as a leader at both American Olean and Dal-Tile. His vast experience in operations, sales and strategic planning has led to a wide range of skill sets that allow him to accomplish even the most difficult tasks.
He is a leader at project management and has provided direct leadership to numerous process improvement projects and developed cost savings initiatives that equaled $10M in annual savings through plant consolidations. On an SKU rationalization project he reduced net SKU’s by 10% annually over three years. (Total SKU’s started at 18,000.) Another project yielded $2.5M in annual savings
Joe has a Bachelors of Science Degree from Pepperdine University and an MBA from La Verne University.
MY WINNING RATIO on SA is 9/10 HISTORICALLY. Check my comments to verify.
------------------------------------------------------------------------------------------------------- I have been short and long stocks for 20 years as a fund mgr.
I am a swing style trader. Not an analyst nor an economist.
Its not about being right. Its about being profitable.