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  • The Thing About Target's 'High' Earnings Multiple [View article]
    TGT showed FY 2007 EPS of $3.33. TGT earned $4.38 in 2012.
    They now expect $3.20 for FY 2014 (excluding their 44-cent data breach charge).

    Target's shares peaked at $70.80 in 2007 and finished last week at $71.51 for a 1% cumulative move over 7.5 years.

    Wal-Mart far outperformed TGT over the same period in both EPS and shareholder total return.

    Why pay a premium price for what has been extremely crappy management?
    Nov 23, 2014. 02:27 PM | 2 Likes Like |Link to Comment
  • Exxon Mobil: Why You Should Consider This Oil And Gas Champion On The Pullback [View article]
    XOM's 10-year median multiple has been 11.0x, so its 12 P/E, on likely to decline 2015 estimates, is not especially cheap based on its previous trading history.

    Integrated giant Chevron (CVX) offers a similar picture. A moderate current P/E that is still well above its own normalized 8.5x multiple.
    The dividend yields are decent but the stocks have a bit of downside and not much profit potential unless crude prices head upwards again.
    Oct 12, 2014. 09:51 AM | 5 Likes Like |Link to Comment
  • The Bull That Is Buy Low, Sell High [View article]
    I agree with creese. It is hard to take away any actual advice from your article.
    Oct 6, 2014. 09:05 AM | 4 Likes Like |Link to Comment
  • Retired Investors: Learn The Success Secret Of All Great Value Investors: Part 2 [View article]

    Your article is a very nice presentation on value investing.

    I've been using similar valuation techniques with great success for more than 35 years.
    Sep 24, 2014. 08:08 AM | Likes Like |Link to Comment
  • Tim Hortons-Burger King entity sticks to Canada plan [View news story]
    As a 'friend of Barrack'... Buffett will get a free pass on this.
    Aug 26, 2014. 08:33 AM | 1 Like Like |Link to Comment
  • Judge tosses lawsuit claiming BP misled regulators about Gulf platform [View news story]
    Why did it take 5 years to find out there were no supporting facts?
    Aug 25, 2014. 07:27 PM | 8 Likes Like |Link to Comment
  • Express Scripts: M&A Activity Blurs A Profitable Enterprise [View article]
    Using a 2005 starting date for your calculation period seems inappropriate since the complexion of the company changed radically with the 2012 Medco merger.

    The numbers, since the business combination, don't look impressive in ESRX's current iteration.

    Separately: Putting 80% of your invested capital in any one stock is very bad risk management regardless of how well you might like a particluar company.
    Jun 19, 2014. 09:23 AM | Likes Like |Link to Comment
  • Kraft Foods And Other Ideas To Find The Next Hillshire Brands [View article]
    ConAgra (CAG) has a low P/E, a better than 3% dividend and great brand names. They and Kraft (KRFT) look like good bets to monetize their hidden values.
    Jun 10, 2014. 06:57 AM | Likes Like |Link to Comment
  • Oracle Versus SAP: Valuations That Defy Logic [View article]
    It's now been about 18-months since my article was posted touting ORCL over SAP.

    Since then ORCL has risen 35.6% (from $30.92 to $41.93) while SAP has declined by 1.02% (from $77.21 to $76.42).

    Case closed.

    I'm declaring victory.
    May 14, 2014. 09:22 AM | 1 Like Like |Link to Comment
  • How Long Can You Afford To Be Under Water? [View article]
    For an alternative, and well documented, veiwpoint click here and here
    May 12, 2014. 08:24 AM | 1 Like Like |Link to Comment
  • Book Review: The 52-Week Low Formula [View article]
    There has never been a mechanical system that generates stock market riches.

    Thought and judgment has always been required.
    May 11, 2014. 09:18 AM | 1 Like Like |Link to Comment
  • Cramer's Lightning Round - Gilead Is Coming Back To Its Senses (5/1/14) [View article]
    The low price on BBBY will make share buybacks even more effective at raising EPS, which are already at record levels.

    BBBY is a true bargain in a world with few of them now available. It should be a great stock for those with 6 - 12 month horizons.
    May 2, 2014. 08:03 AM | Likes Like |Link to Comment
  • Ally Financial: Transition Near Completion, Will Lead To Core Focus And Strong Upside [View article]
    Direct competitor CIT just reported a horrible quarter.

    You will find CIT in the same high-yielding CD category that ALLY falls in to. Sh**ty banks have to pay premium prices to lure depositor money. That is a huge drag on corporate performance.
    Apr 30, 2014. 08:08 PM | Likes Like |Link to Comment
  • Ally Financial: Transition Near Completion, Will Lead To Core Focus And Strong Upside [View article]
    The fact that ALLY must pay among the highest CD rates in America to attract deposits tells you all you need to know. They are desperate for capital, forcing them to pay more than their competitors.

    If ALLY drops their interest rates, trying improve future returns, the 'hot' money (internet-based deposits) will simply move on to other distressed banks which continue to pay more.

    That will keep profit margins low to negative - ALLY's trailing 12-months result was a loss (-$1.64).

    Avoid this company, which failed a FED stress test last year and is still very sick.
    Apr 30, 2014. 06:57 AM | Likes Like |Link to Comment
  • Why Oakmark Buys Franklin Resources Stock [View article]

    I agree with the author of this SA article. Click on the link above to see my own take on BEN.
    Apr 29, 2014. 11:42 AM | Likes Like |Link to Comment