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  • Dividend Aristocrats In Focus Part 39: AT&T [View article]
    Hello BuffaloWingswithRanchD...

    Graham prescribed very different strategies for institutional, highly experienced and well-connected investors.

    In the "Legacy of Benjamin Graham" video released by the Heilbrunn Center, Buffett explains how Graham was focused on refining methods that ordinary investors - without specialized access - could apply to achieve results similar to his own (Grahams's).

    Also, given below is part of the conclusion from the study "The Evolution of the Idea of Value Investing: From Benjamin Graham to Warren Buffett" by Robert F. Bierig, Duke University:

    "A [casual] observer of Buffett today would find it difficult to see the Ben Graham influence in many of his activities. However, that influence remains at the core of Buffett's investment model. Buffett continues to think about stocks as fractional ownership interests in underlying businesses, he continues to operate under the assumption that there is a distinction between price and value, and he continues to search for the largest discrepancy between those two items. In other words, he continues to be a value investor."

    For more details, please see the section on "Special Situations" in http://seekingalpha.co...

    Thank you.
    Nov 21, 2014. 07:17 AM | 1 Like Like |Link to Comment
  • Recent Buy: National Oilwell Varco, Inc. [View article]
    Thank you, rosenose and Paul Leibowitz!
    Nov 21, 2014. 07:16 AM | Likes Like |Link to Comment
  • Johnson & Johnson DGI Trumps Pure Income Vanguard Wellington Part II [View article]
    Hello again TF,

    You can find a full 17-point Graham assessment for all 5000+ NYSE and NASDAQ stocks on Serenity (without subscribing or signing up).

    For example, here are the Graham ratings for WFC.

    Sales | Size (100% ⇒ $500 Million): 16,756.00%
    Current Assets ÷ [2 x Current Liabilities]: 0.00%
    Net Current Assets ÷ Long Term Debt: 0.00%
    Earnings Stability (100% ⇒ 10 Years): 100.00%
    Dividend Record (100% ⇒ 20 Years): 100.00%
    Earnings Growth (100% ⇒ 30% Growth): 115.55%
    Graham Number ÷ Previous Close: 90.49%
    Nov 20, 2014. 02:58 PM | Likes Like |Link to Comment
  • Recent Buy: National Oilwell Varco, Inc. [View article]
    Thank you, Dividend Mantra.
    Nov 20, 2014. 01:49 PM | Likes Like |Link to Comment
  • Johnson & Johnson DGI Trumps Pure Income Vanguard Wellington Part II [View article]
    Hello TraderFool,

    The short answer is - yes, and they won't clear them because Graham prescribed very different strategies for institutional, experienced and well-connected investors.

    In the "Legacy of Benjamin Graham" video released by the Heilbrunn Center, Buffett explains how Graham was focused on refining methods that ordinary investors - without specialized access - could apply to achieve results similar to his own (Grahams's).

    Also, given below is part of the conclusion from the study "The Evolution of the Idea of Value Investing: From Benjamin Graham to Warren Buffett" by Robert F. Bierig, Duke University:

    "A [casual] observer of Buffett today would find it difficult to see the Ben Graham influence in many of his activities. However, that influence remains at the core of Buffett's investment model. Buffett continues to think about stocks as fractional ownership interests in underlying businesses, he continues to operate under the assumption that there is a distinction between price and value, and he continues to search for the largest discrepancy between those two items. In other words, he continues to be a value investor."

    For more details, please see the section on "Special Situations" in http://seekingalpha.co...

    Thank you.
    Nov 20, 2014. 01:45 PM | Likes Like |Link to Comment
  • Intel Shares Overvalued By 15% Due To Disappointing Dividend And Earnings Growth Outlook [View article]
    Intrinsic Value = EPS x (8.5 + 2xGrowth)

    Benjamin Graham actually gave the following warnings about this formula:
    1. "Warning: This material is supplied for illustrative purposes only".
    2. "Let the reader not be misled into thinking that such projections have any high degree of reliability".
    3. "Note that we do not suggest that this formula gives the “true value” of a growth stock".

    Graham only used this formula to demonstrate why oversimplified growth estimates are unreliable. But due to a printing omission in recent editions of The Intelligent Investor, this formula is often used today instead of Graham's actual (and more thorough) methods.

    Article 1: http://seekingalpha.co... discusses the issue in detail.

    Warren Buffett once wrote an article describing how Benjamin Graham's principles are everlasting, their results irrefutable, and his students consistently exceptional. It's called "The Superinvestors of Graham-and-Doddsville".

    But most of what Graham actually taught has been forgotten today, and things he warned against are often attributed to him instead. The above formula is just one example. Even when Graham's recommended methods are used, they are heavily modified - often beyond recognition - to clear the stocks, rather than having stocks clear them.

    For example, given below are the actual Graham ratings for Intel Corp (INTC).

    Defensive Graham investment requires all the ratings to be at least 100%.
    Enterprising Graham investment requires the ratings to be at least - N/A, 75%, 90%, 50%, 5%, N/A and 137%.

    Intel Corp - Graham Ratings
    Sales | Size (100% ⇒ $500 Million): 10,542.00%
    Current Assets ÷ [2 x Current Liabilities]: 118.23%
    Net Current Assets ÷ Long Term Debt: 140.65%
    Earnings Stability (100% ⇒ 10 Years): 100.00%
    Dividend Record (100% ⇒ 20 Years): 95.00%
    Earnings Growth (100% ⇒ 30% Growth): 143.72%
    Graham Number ÷ Previous Close: 68.85%

    Graham recommended various categories of stocks - Index, Defensive, Enterprising and NCAV. He emphasized that the secret of sound investment was the "Margin of Safety", and specified precise qualitative and quantitative rules for each category.

    http://seekingalpha.co... shows how anyone can do a true 17-point Benjamin Graham assessment for 5000+ NYSE and NASDAQ stocks; with no adjustments other than those for inflation.
    Nov 20, 2014. 01:17 PM | 3 Likes Like |Link to Comment
  • Recent Buy: National Oilwell Varco, Inc. [View article]
    Benjamin Graham was a scholar and financial analyst who mentored legendary investors such as Warren Buffett, William J. Ruane, Irving Kahn and Walter J. Schloss.

    Warren Buffett once wrote an article describing how Graham's principles are everlasting, their results irrefutable, and his students consistently exceptional. The article is called "The Superinvestors of Graham-and-Doddsville".

    Graham recommended various categories of stocks - Index, Defensive, Enterprising and NCAV. He emphasized that the secret of sound investment was the "Margin of Safety", and specified precise qualitative and quantitative rules for each category.

    For example, given below are all Graham ratings for National Oilwell Varco Inc (NOV).

    Defensive Graham investment requires all the ratings to be at least 100%.
    Enterprising Graham investment requires the ratings to be at least - N/A, 75%, 90%, 50%, 5%, N/A and 137%.

    National Oilwell Varco Inc - Graham Ratings
    Sales | Size (100% ⇒ $500 Million): 4,574.00%
    Current Assets ÷ [2 x Current Liabilities]: 122.96%
    Net Current Assets ÷ Long Term Debt: 309.46%
    Earnings Stability (100% ⇒ 10 Years): 100.00%
    Dividend Record (100% ⇒ 20 Years): 25.00%
    Earnings Growth (100% ⇒ 30% Growth): 357.43%
    Graham Number ÷ Previous Close: 112.07%

    Not many people today know that Buffett even named his son after Graham, and describes Graham's book - The Intelligent Investor - as "by far the best book about investing ever written".

    http://seekingalpha.co... shows how anyone can do a true 17-point Benjamin Graham assessment for 5000+ NYSE and NASDAQ stocks; with no adjustments other than those for inflation.
    Nov 20, 2014. 01:12 PM | 3 Likes Like |Link to Comment
  • General Electric Is Rising From The Ashes [View article]
    Benjamin Graham was a scholar and financial analyst who mentored legendary investors such as Warren Buffett, William J. Ruane, Irving Kahn and Walter J. Schloss.

    Warren Buffett once wrote an article describing how Graham's principles are everlasting, their results irrefutable, and his students consistently exceptional. The article is called "The Superinvestors of Graham-and-Doddsville".

    Graham recommended various categories of stocks - Index, Defensive, Enterprising and NCAV. He emphasized that the secret of sound investment was the "Margin of Safety", and specified precise qualitative and quantitative rules for each category.

    For example, given below are all Graham ratings for General Electric (GE).

    Defensive Graham investment requires all the ratings to be at least 100%.
    Enterprising Graham investment requires the ratings to be at least - N/A, 75%, 90%, 50%, 5%, N/A and 137%.

    General Electric - Graham Ratings
    Sales | Size (100% ⇒ $500 Million): 29,210.00%
    Current Assets ÷ [2 x Current Liabilities]: 102.22%
    Net Current Assets ÷ Long Term Debt: 97.32%
    Earnings Stability (100% ⇒ 10 Years): 100.00%
    Dividend Record (100% ⇒ 20 Years): 100.00%
    Earnings Growth (100% ⇒ 30% Growth): 55.73%
    Graham Number ÷ Previous Close: 72.29%

    Not many people today know that Buffett even named his son after Graham, and describes Graham's book - The Intelligent Investor - as "by far the best book about investing ever written".

    http://seekingalpha.co... shows how anyone can do a true 17-point Benjamin Graham assessment for 5000+ NYSE and NASDAQ stocks; with no adjustments other than those for inflation.
    Nov 20, 2014. 01:08 PM | Likes Like |Link to Comment
  • Johnson & Johnson DGI Trumps Pure Income Vanguard Wellington Part II [View article]
    Benjamin Graham was a scholar and financial analyst who mentored legendary investors such as Warren Buffett, William J. Ruane, Irving Kahn and Walter J. Schloss.

    Warren Buffett once wrote an article describing how Graham's principles are everlasting, their results irrefutable, and his students consistently exceptional. The article is called "The Superinvestors of Graham-and-Doddsville".

    Graham recommended various categories of stocks - Index, Defensive, Enterprising and NCAV. He emphasized that the secret of sound investment was the "Margin of Safety", and specified precise qualitative and quantitative rules for each category.

    For example, given below are all Graham ratings for Johnson & Johnson (JNJ).

    Defensive Graham investment requires all the ratings to be at least 100%.
    Enterprising Graham investment requires the ratings to be at least - N/A, 75%, 90%, 50%, 5%, N/A and 137%.

    Johnson & Johnson - Graham Ratings
    Sales | Size (100% ⇒ $500 Million): 14,262.00%
    Current Assets ÷ [2 x Current Liabilities]: 109.85%
    Net Current Assets ÷ Long Term Debt: 230.58%
    Earnings Stability (100% ⇒ 10 Years): 100.00%
    Dividend Record (100% ⇒ 20 Years): 100.00%
    Earnings Growth (100% ⇒ 30% Growth): 96.48%
    Graham Number ÷ Previous Close: 46.48%

    Not many people today know that Buffett even named his son after Graham, and describes Graham's book - The Intelligent Investor - as "by far the best book about investing ever written".

    http://seekingalpha.co... shows how anyone can do a true 17-point Benjamin Graham assessment for 5000+ NYSE and NASDAQ stocks; with no adjustments other than those for inflation.
    Nov 20, 2014. 01:01 PM | Likes Like |Link to Comment
  • Stock Analysis: Exxon Mobil Corporation [View article]
    Benjamin Graham was a scholar and financial analyst who mentored legendary investors such as Warren Buffett, William J. Ruane, Irving Kahn and Walter J. Schloss.

    Buffett even named his son after Graham, and describes Graham's book - The Intelligent Investor - as "by far the best book about investing ever written".

    Graham recommended various categories of stocks - Index, Defensive, Enterprising and NCAV. He emphasized that the secret of sound investment was the "Margin of Safety", and specified precise qualitative and quantitative rules for each category.

    For example, given below are all Graham ratings for Exxon Mobil Corporation (XOM).

    Defensive Graham investment requires all the ratings to be at least 100%.
    Enterprising Graham investment requires the ratings to be at least - N/A, 75%, 90%, 50%, 5%, N/A and 137%.

    Exxon Mobil Corporation - Graham Ratings
    Sales | Size (100% ⇒ $500 Million): 87,652.00%
    Current Assets ÷ [2 x Current Liabilities]: 41.34%
    Net Current Assets ÷ Long Term Debt: 0.00%
    Earnings Stability (100% ⇒ 10 Years): 100.00%
    Dividend Record (100% ⇒ 20 Years): 100.00%
    Earnings Growth (100% ⇒ 30% Growth): 120.74%
    Graham Number ÷ Previous Close: 92.63%

    Warren Buffett once wrote an article called "The Superinvestors of Graham-and-Doddsville" describing how Graham's principles are everlasting, their results irrefutable, and his students consistently exceptional.

    http://seekingalpha.co... shows how anyone can do a true 17-point Benjamin Graham assessment for 5000+ NYSE and NASDAQ stocks; with no adjustments other than those for inflation.
    Nov 20, 2014. 12:57 PM | Likes Like |Link to Comment
  • Dividend Aristocrats In Focus Part 39: AT&T [View article]
    Benjamin Graham was a scholar and financial analyst who mentored legendary investors such as Warren Buffett, William J. Ruane, Irving Kahn and Walter J. Schloss.

    Buffett even named his son after Graham, and describes Graham's book - The Intelligent Investor - as "by far the best book about investing ever written".

    Graham recommended various categories of stocks - Index, Defensive, Enterprising and NCAV. He emphasized that the secret of sound investment was the "Margin of Safety", and specified precise qualitative and quantitative rules for each category.

    For example, given below are all Graham ratings for AT&T Inc (T).

    Defensive Graham investment requires all the ratings to be at least 100%.
    Enterprising Graham investment requires the ratings to be at least - N/A, 75%, 90%, 50%, 5%, N/A and 137%.

    AT&T Inc - Graham Ratings
    Sales | Size (100% ⇒ $500 Million): 25,750.00%
    Current Assets ÷ [2 x Current Liabilities]: 33.14%
    Net Current Assets ÷ Long Term Debt: 0.00%
    Earnings Stability (100% ⇒ 10 Years): 100.00%
    Dividend Record (100% ⇒ 20 Years): 100.00%
    Earnings Growth (100% ⇒ 30% Growth): 85.40%
    Graham Number ÷ Previous Close: 74.85%

    Warren Buffett once wrote an article explaining how Graham's principles are everlasting, their results irrefutable, and his students consistently exceptional. It's called "The Superinvestors of Graham-and-Doddsville".

    http://seekingalpha.co... shows how anyone can do a true 17-point Benjamin Graham assessment for 5000+ NYSE and NASDAQ stocks; with no adjustments other than those for inflation.
    Nov 20, 2014. 12:56 PM | 2 Likes Like |Link to Comment
  • Is Exxon Mobil Stock A Buy Right Now? [View article]
    Benjamin Graham was a scholar and financial analyst who mentored legendary investors such as Warren Buffett, William J. Ruane, Irving Kahn and Walter J. Schloss.

    Buffett even named his son after Graham, and describes Graham's book - The Intelligent Investor - as "by far the best book about investing ever written".

    Graham recommended various categories of stocks - Index, Defensive, Enterprising and NCAV. He emphasized that the secret of sound investment was the "Margin of Safety", and specified precise qualitative and quantitative rules for each category.

    For example, given below are all Graham ratings for Exxon Mobil Corporation (XOM).

    Defensive Graham investment requires all the ratings to be at least 100%.
    Enterprising Graham investment requires the ratings to be at least - N/A, 75%, 90%, 50%, 5%, N/A and 137%.

    Exxon Mobil Corporation - Graham Ratings
    Sales | Size (100% ⇒ $500 Million): 87,652.00%
    Current Assets ÷ [2 x Current Liabilities]: 41.34%
    Net Current Assets ÷ Long Term Debt: 0.00%
    Earnings Stability (100% ⇒ 10 Years): 100.00%
    Dividend Record (100% ⇒ 20 Years): 100.00%
    Earnings Growth (100% ⇒ 30% Growth): 120.74%
    Graham Number ÷ Previous Close: 92.63%

    Warren Buffett once wrote an article explaining how Graham's principles are everlasting, their results irrefutable, and his students consistently exceptional. It's called "The Superinvestors of Graham-and-Doddsville".

    http://seekingalpha.co... shows how anyone can do a true 17-point Benjamin Graham assessment for 5000+ NYSE and NASDAQ stocks; with no adjustments other than those for inflation.
    Nov 20, 2014. 12:54 PM | 1 Like Like |Link to Comment
  • ModernGraham Quarterly Valuation Of Visa Inc. [View article]
    The ModernGraham website lists the following formula as one of the evaluation methods it uses:
    Intrinsic Value = EPS x (8.5 + 2xGrowth)

    Benjamin Graham actually gave the following warnings about this formula:
    1. "Warning: This material is supplied for illustrative purposes only".
    2. "Let the reader not be misled into thinking that such projections have any high degree of reliability".
    3. "Note that we do not suggest that this formula gives the “true value” of a growth stock".

    Graham only used this formula to demonstrate why oversimplified growth estimates are unreliable. But due to a printing omission in recent editions of The Intelligent Investor, this formula is often used today instead of Graham's actual (and more thorough) methods.

    Article 1: http://seekingalpha.co... discusses the issue in detail.

    Warren Buffett once wrote an article describing how Benjamin Graham's principles are everlasting, their results irrefutable, and his students consistently exceptional. It's called "The Superinvestors of Graham-and-Doddsville".

    But most of what Graham actually taught has been forgotten today, and things he warned against are often attributed to him instead. The above formula is just one example. Even when Graham's recommended methods are used, they are heavily modified - often beyond recognition - to clear the stocks, rather than having stocks clear them.

    Given below are the actual Graham ratings for Visa Inc (V).

    Defensive Graham investment requires all the ratings to be at least 100%.
    Enterprising Graham investment requires the ratings to be at least - N/A, 75%, 90%, 50%, 5%, N/A and 137%.

    Visa Inc - Defensive Graham Ratings
    Sales | Size (100% ⇒ $500 Million): 2,356.00%
    Current Assets ÷ [2 x Current Liabilities]: 90.22%
    Net Current Assets ÷ Long Term Debt: 100.00%
    Earnings Stability (100% ⇒ 10 Years): 60.00%
    Dividend Record (100% ⇒ 20 Years): 30.00%
    Earnings Growth (100% ⇒ 30% Growth): 0.00%
    Graham Number ÷ Previous Close: 29.58%

    Graham recommended various categories of stocks - Index, Defensive, Enterprising and NCAV. He emphasized that the secret of sound investment was the "Margin of Safety", and specified precise qualitative and quantitative rules for each category.

    Article 2: http://seekingalpha.co... shows how anyone can do a true 17-point Benjamin Graham assessment for 5000+ NYSE and NASDAQ stocks; with no adjustments other than those for inflation.
    Nov 19, 2014. 03:27 PM | 1 Like Like |Link to Comment
  • The Case For Navios Maritime Partners' Stock Buybacks [View article]
    Thank you, Alex Trias!
    Nov 19, 2014. 01:11 PM | Likes Like |Link to Comment
  • Why Investors Should Choose Royal Bank Over Wells Fargo [View article]
    Benjamin Graham was a scholar and financial analyst who mentored legendary investors such as Warren Buffett, William J. Ruane, Irving Kahn and Walter J. Schloss.

    Warren Buffett once wrote an article explaining how Graham's principles are everlasting, their results irrefutable, and his students consistently exceptional. It's called "The Superinvestors of Graham-and-Doddsville".

    Graham recommended various categories of stocks - Index, Defensive, Enterprising and NCAV. He emphasized that the secret of sound investment was the "Margin of Safety", and specified precise qualitative and quantitative rules for each category.

    For example, given below are all Graham ratings for the Royal Bank Of Canada (RY).

    Defensive Graham investment requires all the ratings to be at least 100%.
    Enterprising Graham investment requires the ratings to be at least - N/A, 75%, 90%, 50%, 5%, N/A and 137%.

    Royal Bank Of Canada - Graham Ratings
    Sales | Size (100% ⇒ $500 Million): 6,174.00%
    Current Assets ÷ [2 x Current Liabilities]: 0.00%
    Net Current Assets ÷ Long Term Debt: 0.00%
    Earnings Stability (100% ⇒ 10 Years): 100.00%
    Dividend Record (100% ⇒ 20 Years): 90.00%
    Earnings Growth (100% ⇒ 30% Growth): 136.12%
    Graham Number ÷ Previous Close: 78.27%

    Buffett even named his son after Graham, and describes Graham's book - The Intelligent Investor - as "by far the best book about investing ever written".

    http://seekingalpha.co... shows how anyone can do a true 17-point Benjamin Graham assessment for 5000+ NYSE and NASDAQ stocks; with no adjustments other than those for inflation.
    Nov 19, 2014. 01:01 PM | Likes Like |Link to Comment
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