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sriniv

sriniv
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  • Can AmerisourceBergen Corporation Get A Dead Cat Bounce? [View article]
    Factoids, I read your SA articles with great interest and highly appreciate your contributions on SA.

    Given the amount of time and energy you spend in analyzing stocks/sectors, this statement from above caught me with surprise:

    "I am a very diversified investor with 1% of my net worth invested in most of the 65 individual stock investments".

    Just 1% of your total net worth in market!?
    Jul 24, 2015. 07:42 AM | Likes Like |Link to Comment
  • What Would A Salesforce.com Acquisition Do To Oracle? [View article]
    Here is what Oracle CEO Safra take on this, and I hope she mean it:

    Oracle has spent more than $60 billion on more than 100 acquisitions in its 38-year history but is "not known to throw around money," Catz said.

    Oracle Corp Chief Executive Safra Catz said her company could benefit if Microsoft Corp or another rival bought online customer relationship management firm Salesforce.com Inc!

    Catz declined to comment on whether Oracle had made an approach to buy Salesforce.com, following a report on Wednesday that Salesforce.com had hired advisers after receiving an offer from an unnamed suitor.

    If Microsoft or another rival did buy Salesforce.com, it might help Oracle in the customer relationship management sector, Catz said.

    "It would cause a lot of disruption in that market and so I would view that as something that would be helpful to us especially in the short or medium term, dependent on who it was.

    Article link: http://reut.rs/1Jg9V9Q
    May 2, 2015. 06:38 AM | 2 Likes Like |Link to Comment
  • How To Use Levered Free Cash Flow And Revenue Growth To Analyze Stocks [View article]
    Thank you very much. I have taken interest in your work (bought your 2014 Blue guide) and incorporating your metrics into my fair value estimates since last year. Off late I notice you have gone great lengths to explain your FCF based approach in detail in your articles and educating many like myself.

    And finally your decision and reason you mentioned to give away your work for free is inspiring and much appreciated. Thank you and hope you share your wisdom here for years to come.

    Wish you the best
    Srini
    Apr 28, 2015. 06:29 AM | 1 Like Like |Link to Comment
  • Health Care / Pharma Stocks 10-03 [View instapost]
    Thanks. I did know what the acronym RRR meant. But I was confused by its and other terms semantics originally given how interchangeably you seem to use. I was confused but now I understand that you assume dividend growth equal to earnings growth which in turn approximates rate of price appreciation. Otherwise I was confused how come yield + dividend growth rate equals total annual return of a stock? Also my confusion cause was that you were putting yield growth rate next to and comparing with earnings growth rate from other sources. Now that I now seem to understand your assumptions (which I suspected before) and its clear to me. To summarize my understanding, it seems assumption(which makes sense to me) behind these numbers seems to be:

    Earnings growth rate ~= Yield growth rate ~= rate of price appreciation

    ~= approximately equals to

    Thanks for clarification on yahoo numbers. Makes sense.

    You say yahoo 8.33% to 9.33% earnings growth number move is noise. I assume you are saying it only because you are not using it or CCC number in your "Yield+CAGR = Tot return" formula. Right? Other wise a 1 point change in either your CAGR or RRR projections seem significant and meaningful as they are playing direct role in all your calculations in the last table above Right?

    Also may I suggest RRRR (Required Risk adjusted Rate of Return) instead of RRR ;-)

    Once again thanks for sharing your hard work.
    Oct 17, 2014. 05:44 AM | Likes Like |Link to Comment
  • Health Care / Pharma Stocks 10-03 [View instapost]
    Factoids,

    I am new to investment and trying to learn from wealth of information you generously share.

    I wasn't always sure I am reading your SS correctly. So, once for all I want to make sure. So, my apologies in advance if you already clarified the following.

    In Table 1, what does “% changeTARGET” column (3rd from right) represent? What do you mean by “Target”?

    By RRR do you mean Total Returns (i.e., dividend yield + capital appreciation)?

    • If answer to above is No, then what “return” are you referring to?
    • If YES, then the CAGR you use represents earnings growth rate (proxy to capital appreciation) rather than dividends growth rate correct? Or do you assume they both are one and the same?

    I think it would be helpful if you include these definitions in your posts to help newbie like myself.

    Also, I am cross checking your CAGR numbers and
    • for Yahoo CAGR (against 5yr estimated EPS growth) and found them not exactly matching (checked for BAX) making me wonder am I looking at the right number?
    • For David Fish’s CCC list CAGR values, I am not able to figure which column value you are using? Is it “Est 5yr Growth” (column AE)? Or you are calculating it from his “Dividend Growth Model (columns CB to CF)?
    Oct 16, 2014. 04:15 PM | Likes Like |Link to Comment
  • Become Cognizant Of The Profit Potential Of Cognizant Technology Solutions [View article]
    >> "sell (1) August 16, 2014, $47.50 strike price call option for each 100 shares they wish to purchase "

    You meant "puts"
    Jul 22, 2014. 04:47 AM | Likes Like |Link to Comment
  • It's All About The Fundamentals [View instapost]
    Hi Chowder

    I also have access to S&P Capital IQ reports through Fidelity. However, I am unable to find current discount to Fair Value ratio or absolute Fair Value number anywhere. Can you please tell me where you found these numbers in the IQ report? Morningstar fair value calculation seem to require Premium access.
    Jan 21, 2014. 08:06 PM | Likes Like |Link to Comment
  • It's All About The Fundamentals [View instapost]
    Hi Chowder

    Thank you for your generosity and for being such an excellent teacher. Learning a lot from you and other DGIers.

    I understand the reason behind checking S&P rating for quality. But confused by eliminating companies based on StarMine Rating, ,right at the top of your selection process. For a long time DG investor, isn't a lower rating (current depressed prices) works in favor? Why focus on what analysts think about near term and loose the opportunity to invest in a quality company? For example, I notice currently all quality REITS that are on CCC list have the lowest possible StarMine rating. I recall, in one of you talked about this criteria and said that you would like to see some initial momentum. But wondering why and how does it matter?

    Jan 21, 2014. 06:44 PM | 1 Like Like |Link to Comment
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