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  • Bargain hunting - Gladstone Capital (GLAD)

    A friend asked me to take a look at Gladstone Capital (NASDAQ:GLAD) the other day, so I added it to (you need to sign in to view it; registration is free). Gladstone is a small cap - not something we've covered so far, but happy to on request from a frequent user.

    A few observations. GLAD is trading below its book value, currently at price to book (P/B) ratio of 0.96. They've been in this territory for a few quarters now, with the valuation dipping below half the book value at times:

    A drop to P/B of 0.5 may present an opportunity for a Graham-style bargain basement investment. I have not researched the balance sheet, so do not know if there are any skeletons in the closet. From a longer term perspective, however, GLAD does not look appetizing - they are barely eking out earnings, with ROE and ROA numbers in the 5 to 8% territory.

    Personally, I much prefer companies with strong earnings compounding, even through they normally trade at much higher P/B ratios. If you know about GLAD and why they are valued below book, please comment!

    Disclosure: No positions
    Tags: GLAD
    Nov 22 6:13 PM | Link | Comment!
  • Long-term fundamental data for free download just made our fundamental dataset available for free download in Excel. The data covers 15 years of quarterly corporate fundamentals, and is the same that we use for our own charts. For now, we only cover the S&P 100, but the plan is to expand to the S&P 500 in the near future, and to add additional data fields. To check it out, navigate to any company on StockPup - like this page for Wal-Mart (NYSE:WMT).

    We've also announced a partnership with Factual. These guys have a cool web-based system that allows people to review the data, propose corrections, and audit changes. Obviously, the quality of data is crucial, and we've heard complaints from users of other commercial datasets that there was no systematic way to improve the data. Well, with Factual there is. Here is a link to the Factual finance page, which includes our dataset:

    In addition, Factual provides a Web API for third party developers who want to build their own charts or apps using our data. We are using it too, to develop convenient ways to preview the data directly on the StockPup web site. If you are a web developer, definitely check out Factual and their API.

    Disclosure: No positions
    Tags: WMT
    Oct 21 12:15 PM | Link | 1 Comment
  • Shareholder's perspective on Microsoft (MSFT)

    In this video we take a look at Microsoft (NASDAQ:MSFT) from the perspective of a long-term shareholder, and examine changes in Microsoft shareholders' equity over time, including the effects of dividend payouts and dilution, as well as returns on equity.

    Link to the video: Shareholder's perspective on Microsoft (MSFT)

    Disclosure: No positions
    Jun 09 7:09 PM | Link | Comment!
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  • SANM must be one of the ugliest financial stories. A disaster $4B acquisition followed by 6 years of write-offs. Chart:
    Feb 20, 2011
  • Good post on Graham-style small stock bargain hunting vs Munger-Buffett-style large cap compounding
    Oct 5, 2010
  • Morningstar singing the "quality is on sale" song - a good article by Pat Dorsey
    Sep 28, 2010
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