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  • Why Warren Buffett Invested in Verisk Analytics [View article]
    Yes, got it. It does seem likely it was a conversion rather than an outright purchase. Glad we could clear this up. Thanks!
    Aug 17 04:11 PM | Likes Like |Link to Comment
  • Why Warren Buffett Invested in Verisk Analytics [View article]
    Thank you -- that's very helpful. Here is a link to Verisk's proxy statement, which shows Berkshire owning 7,156,300 Class B shares: sec.gov/Archives/edgar...

    The most recent 13F-HR filing shows Berkshire owning 2,101,125 Class A shares: sec.gov/Archives/edgar...

    It seems that Berkshire wanted to increase its position in Verisk by buying the publicly traded Class A shares. The Class B shares are almost entirely held by Berkshire (26%), American Financial Group (21%), Old Republic Asset Management (16%), and W.R. Berkley (13%), so buying more Class B shares would probably have been too difficult.
    Aug 17 02:47 PM | Likes Like |Link to Comment
  • Why Warren Buffett Invested in Verisk Analytics [View article]
    Could you point us to a past filing that shows this because Verisk was not listed in Berkshire's 13F for Q1. The 13F does include stocks owned by Berkshire's insurance subsidiaries. Thanks.
    Aug 17 02:22 PM | Likes Like |Link to Comment
  • Why the 'Magic Formula' Favors For-Profit Education Stocks Now [View article]
    We've only seen the transcript: www.scribd.com/doc/567...
    Jul 15 07:56 PM | Likes Like |Link to Comment
  • Why the 'Magic Formula' Favors For-Profit Education Stocks Now [View article]
    He wasn't selling anything other than the book. Since then, Greenblatt has become associated with Formula Investing, which manages money based on the "magic formula."
    Jul 15 10:18 AM | Likes Like |Link to Comment
  • Investing in Japan: Cheap Stocks, Large Exposure to Global Growth [View article]
    As Lou Dobbs would say, "Amen, brother!"
    Jul 15 08:52 AM | Likes Like |Link to Comment
  • 5 Companies Paying Large Dividends Fully Covered by Earnings [View article]
    See slide 23 of the following presentation for the factors that will affect earnings in the coming years: files.shareholder.com/...

    Detailed information on the pipeline is available at www.lilly.com/research...

    Lilly's 10-K is also a good place to look: sec.gov/Archives/edgar...
    Jul 13 06:23 PM | 1 Like Like |Link to Comment
  • 5 Companies Paying Large Dividends Fully Covered by Earnings [View article]
    Thank you, good catch. We did erase the REIT designation from Walter due to the Green Tree deal but had not yet updated the future dividend information. We appreciate you pointing this out.
    Jul 13 05:19 AM | 1 Like Like |Link to Comment
  • 5 Companies Paying Large Dividends Fully Covered by Earnings [View article]
    Thanks for the clarification. The Green Tree deal has transformed Walter to the point that it is no longer a good income-oriented investment.
    Jul 13 05:16 AM | 1 Like Like |Link to Comment
  • 7 Companies Paying Large Dividends That Are Fully Covered by Earnings [View article]
    TEF was also initiated as a new position by Fairholme's Bruce Berkowitz who has had a tough year but has done very well long term. Of course, just because Berkowitz owns it doesn't mean it is a great investment, but it does suggest that you have smart people agreeing with you.
    Jul 12 09:25 AM | 1 Like Like |Link to Comment
  • 7 Companies Paying Large Dividends That Are Fully Covered by Earnings [View article]
    We will have an in-depth piece on for-profit education companies in just a few days, please stay tuned!
    Jul 11 07:00 PM | 2 Likes Like |Link to Comment
  • 7 Companies Paying Large Dividends That Are Fully Covered by Earnings [View article]
    That's a great quote, thanks!
    Jul 11 06:19 PM | 1 Like Like |Link to Comment
  • 7 Companies Paying Large Dividends That Are Fully Covered by Earnings [View article]
    UNTD pays a dividend of $0.40 per year while EPS estimates are $0.80+ per year for the next couple of years. EPS might decline materially at some point but no one knows for sure. In the meantime, the $0.40 dividend seems reasonably secure.
    Jul 11 01:57 PM | 2 Likes Like |Link to Comment
  • 7 Companies Paying Large Dividends That Are Fully Covered by Earnings [View article]
    Yes, UNTD has been in decline. Judging by consensus EPS estimates for the next two years, the decline is expected to continue but should do so at a modest rate, perhaps suggesting that the company can stabilize revenue at some point. If they can get Classmates and Memory Lane to take advantage of social features and develop growing subscription models, maybe UNTD could turn things around. They should take a close look at Ancestry.com (ACOM) for a highly successful model in a similar Internet niche.
    Jul 11 09:17 AM | 1 Like Like |Link to Comment
  • 10 Undervalued Companies Paying You While You Wait for Their Valuations to Grow [View article]
    MV = market value of the common stock
    EV = enterprise value = market value minus net cash
    Jul 2 05:07 PM | 1 Like Like |Link to Comment
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