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  • Splunk: Price Matters [View article]
    Benjamin 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 type of stock in his investment framework.

    For example, given below are the actual Graham ratings for Splunk Inc (SPLK).

    Defensive Graham investment requires all the ratings to be at least 100%.
    Enterprising Graham investment requires the ratings to be at least - CA/2CL : 75%, NCA/LTD : 90%, EPS Stability: 50%, Div Record: 5% and GN/PC: 137%.

    Splunk Inc - Defensive Graham Ratings
    Sales | Size (100% ⇒ $500 Million): 60.52%
    Current Assets ÷ [2 x Current Liabilities]: 238.77%
    Net Current Assets ÷ Long Term Debt: 100.00%
    Earnings Stability (100% ⇒ 10 Years): 0.00%
    Dividend Record (100% ⇒ 20 Years): 0.00%
    Earnings Growth (100% ⇒ 30% Growth): 0.00%
    Graham Number ÷ Previous Close: 0.00%

    Warren Buffett himself once wrote an article explaining how Benjamin Graham's principles are everlasting, their results irrefutable, and his followers 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.

    Even when Graham's recommended methods are used, they are modified - often beyond recognition - to fit the stocks, rather than having stocks clear them.

    Article 1: http://seekingalpha.co... shows how to do an exact 17-point Benjamin Graham assessment for 5000+ NYSE and NASDAQ stocks; with no alterations other than adjustments for inflation.
    Oct 10, 2014. 10:14 AM | 1 Like Like |Link to Comment
  • Vanguard Natural Resources: Valuation Targets Price At $20 [View article]
    Benjamin Graham did recommend NCAV (or Net Current Asset Value) stocks and Vanguard Natural Resources (VNR) does have a negative NCAV.

    But for a stock to be eligible for NCAV investment, it has to be selling BELOW Graham's calculated price (among other things).

    Having a negative NCAV value means that the stock has more liabilities than current assets, i.e. the stock is overvalued.

    But the simplistic NCAV stocks (or Net-Net stocks as they are often referred to) are only the most well-known of Graham's strategies, and the source of the general misconception that Graham only recommended cheap stocks.

    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 type of stock in his investment framework.

    For example, given below are the actual Graham ratings for Vanguard Natural Resources.

    Defensive Graham investment requires all the ratings to be at least 100%.
    Enterprising Graham investment requires the ratings to be at least - CA/2CL : 75%, NCA/LTD : 90%, EPS Stability: 50%, Div Record: 5% and GN/PC: 137%.

    Sales | Size (100% ⇒ $500 Million): 90.90%
    Current Assets ÷ [2 x Current Liabilities]: 42.34%
    Net Current Assets ÷ Long Term Debt: 0.00%
    Earnings Stability (100% ⇒ 10 Years): 10.00%
    Dividend Record (100% ⇒ 20 Years): 30.00%
    Earnings Growth (100% ⇒ 30% Growth): 0.00%
    Graham Number ÷ Previous Close: 77.46%

    Warren Buffett himself once wrote an article explaining how Benjamin Graham's principles are everlasting, their results irrefutable, and his followers 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.
    Article 1: http://seekingalpha.co... is a great example.

    Even when Graham's recommended methods are used, they are modified - often beyond recognition - to fit the stocks, rather than having stocks clear them.

    Article 2: http://seekingalpha.co... shows how to do an exact 17-point Benjamin Graham assessment for 5000+ NYSE and NASDAQ stocks; with no alterations other than adjustments for inflation.
    Oct 10, 2014. 12:30 AM | Likes Like |Link to Comment
  • The Quantitative Value Philosophy [View article]
    Excellent article!

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

    Regarding why Value investing continues to give exceptional returns, he wrote:
    "the secret has been out for 50 years, ever since Ben Graham and Dave Dodd wrote Security Analysis, yet I have seen no trend toward value investing in the 35 years that I’ve practiced it. There seems to be some perverse human characteristic that likes to make easy things difficult."

    Value investors - though numerous - still remain a small minority in comparison to (those who Graham called) speculators.

    Buffett also wrote of Graham's "superinvestor" students that:
    "These are men who select securities based on discrepancies between price and value, but they make their selections very differently."

    Perhaps that analogy can be extended beyond Graham's students to all value investors.

    For example:
    Graham said "Confronted with a like challenge to distill the secret of sound investment into three words, we venture the motto - Margin of Safety."
    Seth Klarman says “Loss avoidance must be the cornerstone of your investment philosophy.”

    Essentially, Klarman is saying the same thing Graham did half a century ago.

    Even the methods explained in this article, are essentially an application of what Graham taught - to restrict investment to finding discrepancies between price and value (true value that includes quality like Graham taught, not value that considers only price.)

    But most of what Graham actually taught has been forgotten today, and things he warned against are often attributed to him instead.
    Article 1: http://seekingalpha.co... is a great example.

    Even when Graham's recommended methods are used, they are modified - often beyond recognition - to fit the stocks, rather than having stocks clear them.

    Graham actually specified a very precise and detailed investment framework, with 17 qualitative and quantitative rules for stock selection.

    Article 2: http://seekingalpha.co... shows how to do an exact 17-point Benjamin Graham assessment for 5000+ NYSE and NASDAQ stocks; with no alterations other than adjustments for inflation.
    Oct 8, 2014. 04:47 PM | Likes Like |Link to Comment
  • AT&T Inc.: Well Positioned And Trading Below Fair Value [View article]
    Before being checked against the Graham Number, Benjamin Graham required that a stock first meet 6 other qualitative criteria.

    For example, given below are the actual 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 - CA/2CL : 75%, NCA/LTD : 90%, EPS Stability: 50%, Div Record: 5% and GN/PC: 137%.

    AT&T Inc. (T) - Defensive 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: 74.93%

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

    But most of what Graham actually taught has been forgotten today, or is used wrongly.
    The Graham Number is a great example.

    Even when Graham's recommended methods are used, they are often modified beyond recognition to fit the stocks, rather than having stocks clear them.

    http://seekingalpha.co... shows how to do an 17-point Benjamin Graham assessment for 5000+ NYSE and NASDAQ stocks; with no deviations other than adjustments for inflation.
    Oct 8, 2014. 10:43 AM | 1 Like Like |Link to Comment
  • 5 More Undervalued Companies With High Betas For Intelligent Investors [View article]
    Graham gave the following warnings with 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".

    On the other hand, he distinctly recommends the methods in the unmistakably named "Stock Selection" chapters.

    The two articles mentioned in the first comment have references, page numbers and scans of the relevant pages.

    Thank you.
    Oct 6, 2014. 02:10 AM | Likes Like |Link to Comment
  • 5 More Undervalued Companies With High Betas For Intelligent Investors [View article]
    Intrinsic Value = EPS x (8.5 + 2xGrowth)

    Benjamin Graham actually gave several warnings about this formula and only used it to show why such oversimplified growth estimates are unreliable. This formula is popular only due to a printing omission in recent editions of The Intelligent Investor.

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

    Warren Buffett once wrote an article explaining how Benjamin Graham's principles are everlasting, their results irrefutable, and his followers 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 often heavily modified to fit the stocks, rather than having stocks meet them.

    For example:
    "Adequate Size of Enterprise - market capitalization of at least $2 billion."

    Graham actually recommended "Not less than $100 million of annual sales" for ensuring adequate size of a company for Defensive investment. Checking for market capitalization instead of sales will - all other things being equal - rate overvalued stocks better than undervalued ones.

    Even the other rules mentioned here - such as dividend requirements, and PE & PB ratios - are all very different from what Graham actually recommended.

    For example, given below are the actual Graham ratings for Fossil Group Inc (FOSL).

    Defensive Graham investment requires all the ratings to be at least 100%.
    Enterprising Graham investment requires the ratings to be at least - CA/2CL : 75%, NCA/LTD : 90%, EPS Stability: 50%, Div Record: 5% and GN/PC: 137%.

    Fossil Group Inc - Defensive Graham Ratings
    Sales | Size (100% ⇒ $500 Million): 652.00%
    Current Assets ÷ [2 x Current Liabilities]: 150.39%
    Net Current Assets ÷ Long Term Debt: 199.64%
    Earnings Stability (100% ⇒ 10 Years): 100.00%
    Dividend Record (100% ⇒ 20 Years): 0.00%
    Earnings Growth (100% ⇒ 30% Growth): 378.09%
    Graham Number ÷ Previous Close: 50.08%

    The Final Graham Assessment for Fossil Group Inc is also given below.
    The Quantitative Result (Graham Price ÷ Previous Close) for a stock has to be 100% for true Graham investment.

    Fossil Group Inc - Final Graham Assessment
    Defensive Price (Graham Number): $48.92
    Enterprising Price (Serenity Number): $32.87
    NCAV Price: $5.81
    Qualitative Result: Bargain / NCAV
    Graham Price: $5.81
    Previous Close: $97.68
    Quantitative Result: 5.95%

    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.

    He also spent nearly 50 years developing and backtesting the 17 rules in his investment framework; a framework that has been repeatedly endorsed by some of the world's most successful investors.

    Article 2: http://seekingalpha.co... shows how to do an actual 17-point Benjamin Graham assessment for 5000+ NYSE and NASDAQ stocks; with no modifications other than adjustments for inflation.
    Oct 5, 2014. 05:14 PM | 2 Likes Like |Link to Comment
  • 5 More Companies For Defensive Investors With Low PE Ratios [View article]
    Thank you, Hardog.
    Sep 30, 2014. 03:36 PM | Likes Like |Link to Comment
  • 5 Companies With Strong Dividend Yields For The Defensive Graham Investor [View article]
    Benjamin Graham gives the following warnings with 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".

    On the other hand, he distinctly recommends the methods in the unmistakably named "Stock Selection" chapters.

    The two articles mentioned in the first comment have references, page numbers and scans of the relevant pages.

    Thank you.
    Sep 28, 2014. 10:13 AM | Likes Like |Link to Comment
  • 5 More Companies For Defensive Investors With Low PE Ratios [View article]
    Graham gives the following warnings with 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".

    On the other hand, he distinctly recommends the methods in the unmistakably named "Stock Selection" chapters.

    The two articles mentioned in the first comment have references, page numbers and scans of the relevant pages.

    Thank you.
    Sep 28, 2014. 10:11 AM | 1 Like Like |Link to Comment
  • 5 Companies With Strong Dividend Yields For The Defensive Graham Investor [View article]
    Intrinsic Value = EPS x (8.5 + 2xGrowth)

    Benjamin Graham actually gave several warnings about this formula and only used it to show why such oversimplified growth estimates are unreliable. This formula is popular only due to a printing omission in recent editions of The Intelligent Investor.

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

    Warren Buffett once wrote an article explaining how Benjamin Graham's principles are everlasting, their results irrefutable, and his followers 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 often heavily modified to fit the stocks, rather than having stocks meet them.

    For example:
    "Adequate Size of Enterprise - market capitalization of at least $2 billion."

    Graham actually recommended "Not less than $100 million of annual sales" for ensuring adequate size of a company for Defensive investment. Checking for market capitalization instead of sales will - all other things being equal - rate overvalued stocks better than undervalued ones.

    Even the other rules mentioned here - such as dividend requirements, and PE & PB ratios - are all very different from what Graham actually recommended.

    For example, given below are the actual 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 - CA/2CL : 75%, NCA/LTD : 90%, EPS Stability: 50%, Div Record: 5% and GN/PC: 137%.

    National Oilwell Varco Inc - Defensive 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: 102.06%

    The Final Graham Assessment for National Oilwell Varco Inc is also given below.
    The Quantitative Result (Graham Price ÷ Previous Close) for a stock has to be 100% for true Graham investment.

    National Oilwell Varco Inc - Final Graham Assessment
    Defensive Price (Graham Number): $80.12
    Enterprising Price (Serenity Number): $35.83
    NCAV Price: $8.97
    Qualitative Result: Good / Enterprising
    Graham Price: $35.83
    Previous Close: $78.50
    Quantitative Result: 45.64%

    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.

    He also spent nearly 50 years developing and backtesting the 17 rules in his investment framework; a framework that has been repeatedly endorsed by some of the world's most successful investors.

    Article 2: http://seekingalpha.co... shows how to do an actual 17-point Benjamin Graham assessment for 5000+ NYSE and NASDAQ stocks; with no modifications other than adjustments for inflation.
    Sep 28, 2014. 08:56 AM | Likes Like |Link to Comment
  • 5 More Companies For Defensive Investors With Low PE Ratios [View article]
    Intrinsic Value = EPS x (8.5 + 2xGrowth)

    Benjamin Graham actually gave several warnings about this formula and only used it to show why such oversimplified growth estimates are unreliable. This formula is popular only due to a printing omission in recent editions of The Intelligent Investor.

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

    Warren Buffett once wrote an article explaining how Benjamin Graham's principles are everlasting, their results irrefutable, and his followers consistently exceptional. It's called the 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 often heavily modified to fit the stocks rather than having stocks meet them.

    For example:
    "Adequate Size of Enterprise - market capitalization of at least $2 billion."

    Graham actually recommended "Not less than $100 million of annual sales" for ensuring adequate size of Defensive stocks. Using market capitalization instead will - all other things being equal - rate overvalued stocks higher than for undervalued ones.

    The below criteria from the article too are all extremely different from what Graham recommended:
    Dividend Record - has paid a dividend for at least 10 straight years.
    Moderate PEmg ratio (price over normalized earnings) - PEmg is less than 20
    Moderate Price to Assets - PB ratio is less than 2.5 or PB x PEmg is less than 50.

    Graham actually 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 criteria for each category of stocks.

    For example, given below are the actual Graham ratings for Mattel Inc (MAT).

    Defensive Graham investment requires all the ratings to be at least 100%.
    Enterprising Graham investment requires the ratings to be at least - CA/2CL : 75%, NCA/LTD : 90%, EPS Stability: 50%, Div Record: 5% and GN/PC: 137%.

    Mattel Inc - Defensive Graham Ratings
    Sales | Size (100% ⇒ $500 Million): 1,296.00%
    Current Assets ÷ [2 x Current Liabilities]: 161.26%
    Net Current Assets ÷ Long Term Debt: 145.66%
    Earnings Stability (100% ⇒ 10 Years): 100.00%
    Dividend Record (100% ⇒ 20 Years): 100.00%
    Earnings Growth (100% ⇒ 30% Growth): 136.44%
    Graham Number ÷ Previous Close: 70.51%

    The Final Graham Assessment for Mattel Inc is also given below.
    The Quantitative Result (Graham Price ÷ Previous Close) for a stock has to be 100% for true Graham investment.

    Mattel Inc - Final Graham Assessment
    Defensive Price (Graham Number): $21.72
    Enterprising Price (Serenity Number): $11.35
    NCAV Price: $0.56
    Qualitative Result: Excellent / Defensive
    Graham Price: $21.72
    Previous Close: $30.81
    Quantitative Result: 70.50%

    Graham spent nearly 50 years developing and backtesting the 17 rules in his investment framework; a framework that has been repeatedly endorsed by some of the world's most successful investors.

    Article 2: http://seekingalpha.co... shows how to do an actual 17-point Benjamin Graham assessment for 5000 NYSE and NASDAQ stocks; with no changes other than adjustments for inflation.
    Sep 27, 2014. 11:51 AM | 1 Like Like |Link to Comment
  • Value Investing Not 'Hot,' But Profitable [View article]
    In the "Legacy of Benjamin Graham" video released by the Heilbrunn Center, Buffett explains how Graham was focussed on refining methods that ordinary investors - without specialized access - could apply to achieve results similar to his own (Grahams's).

    The concerns you've posted are all the usual arguments to Graham's methods, 12284371. Graham and Buffett have answered them many times over the years.

    PS: Book values are calculated with depreciated costs, not original costs.
    Sep 20, 2014. 09:54 AM | Likes Like |Link to Comment
  • Value Investing Not 'Hot,' But Profitable [View article]
    Interesting article!
    Both informative and sensible.

    Could you please share the page number and edition for that passage from The Intelligent Investor that you've quoted?

    It does seem like something Graham would write - and is attributed to him on multiple websites - but is nowhere to be found in the actual book.

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

    But most of what Graham actually taught has been forgotten today, and things he warned against are attributed to him instead. The below formula is one example:

    Intrinsic Value = EPS x (8.5 + 2xGrowth)

    Benjamin Graham actually gave several warnings about this formula and only used it to show why such oversimplified growth estimates are unreliable. But due to a printing omission in recent editions of The Intelligent Investor, this formula is more popular today as the "Benjamin Graham Formula" than the methods Graham actually recommended.

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

    Graham actually recommended various categories of stocks - Index, Defensive, Enterprising and NCAV - in the unmistakably named "Stock Selection" chapters of The Intelligent Investor. He emphasized that the secret of sound investment was the "Margin of Safety", and specified precise qualitative and quantitative criteria for each category of stocks.

    But even when Graham's actual methods are used today, they are often modified to fit the stocks rather than having stocks meet them.

    Article 2: http://seekingalpha.co... shows how to do an exact 17-point Benjamin Graham assessment for 5000 NYSE and NASDAQ stocks.
    Sep 20, 2014. 09:20 AM | Likes Like |Link to Comment
  • Recent Purchases And Sales: Seeking A Margin Of Safety [View article]
    While Benjamin Graham did emphasize that the secret of sound investment was the "Margin of Safety", he also specified very precise qualitative and quantitative criteria for evaluating such a Margin for stocks.

    For example, given below are the actual Graham ratings for PetSmart Inc (PETM).

    Defensive Graham investment requires all the ratings to be at least 100%.
    Enterprising Graham investment requires the ratings to be at least - CA/2CL : 75%, NCA/LTD : 90%, EPS Stability: 50%, Div Record: 5% and GN/PC: 137%.

    PetSmart Inc - Defensive Graham Ratings
    Sales | Size (100% ⇒ $500 Million): 1,384.00%
    Current Assets ÷ [2 x Current Liabilities]: 82.98%
    Net Current Assets ÷ Long Term Debt: 116.01%
    Earnings Stability (100% ⇒ 10 Years): 100.00%
    Dividend Record (100% ⇒ 20 Years): 55.00%
    Earnings Growth (100% ⇒ 30% Growth): 210.50%
    Graham Number ÷ Previous Close: 39.98%

    The Final Graham Assessment for PetSmart Inc is also given below.
    The Quantitative Result (Graham Price ÷ Previous Close) for a stock has to be 100% for true Graham investment.

    PetSmart Inc - Final Graham Assessment
    Defensive Price (Graham Number): $28.72
    Enterprising Price (Serenity Number): $22.63
    NCAV Price: -$1.09
    Qualitative Result: Good / Enterprising
    Graham Price: $22.63
    Previous Close: $71.83
    Quantitative Result: 31.50%

    Graham recommended various categories of stocks - Index, Defensive, Enterprising and NCAV.

    The article http://seekingalpha.co... shows how to run the 17-point Benjamin Graham assessment on 5000 NYSE and NASDAQ stocks.
    Sep 7, 2014. 05:47 PM | Likes Like |Link to Comment
  • Introducing 2 New Benjamin Graham Screens [View article]
    Intrinsic Value = EPS x (8.5 + 2xGrowth)

    Benjamin Graham actually gave several warnings about this formula and only used it to show why such oversimplified growth estimates are unreliable. This formula is popular only due to a printing omission in recent editions of The Intelligent Investor.

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

    On the other hand, Graham distinctly recommended various categories of stocks - Index, Defensive, Enterprising and NCAV - in the unmistakably named "Stock Selection" chapters. He emphasized that the secret of sound investment was the "Margin of Safety", and specified precise qualitative and quantitative criteria for the stocks.

    For example, given below are the actual Graham ratings for Check Point Software Technologies (CHKP).

    Defensive Graham investment requires all the ratings to be at least 100%.
    Enterprising Graham investment requires the ratings to be at least - CA/2CL : 75%, NCA/LTD : 90%, EPS Stability: 50%, Div Record: 5% and GN/PC: 137%.

    Check Point Software Technologies - Defensive Graham Ratings
    Sales | Size (100% ⇒ $500 Million): 278.00%
    Current Assets ÷ [2 x Current Liabilities]: 81.08%
    Net Current Assets ÷ Long Term Debt: 100.00%
    Earnings Stability (100% ⇒ 10 Years): 100.00%
    Dividend Record (100% ⇒ 20 Years): 0.00%
    Earnings Growth (100% ⇒ 30% Growth): 200.14%
    Graham Number ÷ Previous Close: 49.81%

    The Final Graham Assessment for Check Point Software Technologies is also given below.
    The Quantitative Result (Graham Price ÷ Previous Close) for a stock has to be 100% for true Graham investment.

    Check Point Software Technologies - Final Graham Assessment
    Defensive Price (Graham Number): $35.38
    Enterprising Price (Serenity Number): $24.34
    NCAV Price: $1.64
    Qualitative Result: OK / NCAV
    Graham Price: $1.64
    Previous Close: $71.02
    Quantitative Result: 2.31%

    Warren Buffett once wrote an article explaining how Benjamin Graham's principles are everlasting, their results unquestionable, and his followers exceptionally successful. It's called the 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 actual methods are used, they are often modified to fit the stocks rather than having stocks meet them.

    Article 2: http://seekingalpha.co... shows how to do an actual 17-point Benjamin Graham assessment for 5000 NYSE and NASDAQ stocks.
    Sep 1, 2014. 04:16 PM | Likes Like |Link to Comment
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