I am 65 years old. I have been been both managing my portfolio and managing to live off of the capital gains and dividends for the past twenty years. My average yearly return has been 17% over this period. Constant vigilance, hard work and a lot of luck contributed to the results. Now that Social Security has kicked in, albeit not nearly covering my expenses I have decided to cut down both the time and intensity of my efforts. I am willing to give up the home-run stocks that appreciate 1000% although, I must admit, some lucky picks did goose my long term performance. I am now seeking a less volatile portfolio with a goal of returns of 10% a year. I am focusing on a core portfolio of "Quality Dividend Achievers" which are dominant in their industries, have A balance sheets and most, importantly, have raised their dividends for 20+ years. This is the increasing dividend stream section of my holdings. The other element are the "High Yielders". The key to this is that even if dividends don't grow, at least they won't be cut. Of course, no one position can be too large as, inevitably, some will be crash and burn. Losses can then be minimized. If any company in the Quality camp stops raising the dividend, it is sold. Likewise if a High-Yielder cuts the dividend it is sold.
As a chemist and part-time investor, I focus on technology and natural-resource related businesses and macroeconomic events that influence their prices. I use past trends and technological developments to make decisions on companies that I would invest in. My point of view as a chemist occasionally allows a deeper look at some of the fundamentals of some companies that base their technology on chemical principles.
The writer is a long term value investor and M.Sc graduate in Financial Markets with over 10 years experience. Value can be found in both long and short ideas and uses options to enhance the risk-return profile of investment ideas.
Disclaimer: This article provides opinions and information, but does not contain recommendations or personal investment advice to any specific person for any particular purpose. Do your own research or obtain suitable personal advice.
At Integer Investments we focus on US and European equities with a value/GARP strategy. Most articles are written by our portfolio manager Cristiano Bellavitis, Ph.D.
Cristiano is also an Assistant Professor at the Auckland Business School (New Zealand). He earned a Ph.D. from Cass Business School, City University of London. He applies academic rigour to our investment strategy.
If you want us to follow certain stocks or if you are interested to learn more about Integer Investments feel free to get in touch.
I am Howard Klein, Publisher and Publisher of THE HOUSE EDGE casino investment site on SA.
For 30 years I held senior vp and exec VP positions in major casino hotel operations among them Caesars, Ballys, Trump Taj Mahal and have done extensive consulting assignments for many others in the US, including the native American property Mohegan Sun, in Connecticut.
I have also done special projects for Caesars Palace in Las Vegas. I was the founder and publisher of Gaming Business Magazine, first ever publication covering the gaming industry and have written extensively about the industry. My two books are presently sold as
Kindle ebooks on the Amazon site:
MASTERING THE ART OF CASINO MANAGEMENT and
THE GREAT AMERICAN CASINO BAZAAR.
I have appeared on industry seminar panels and on national radio and television discussing
various aspects of industry growth.
I am a graduate of NYU's Stern School of Business and did work toward a Master's degree in economics
at the Columbia School of General Studies.
MY INVESTMENT STRATEGY:
Due to the necessities of my casino consulting business which encompasses many top gaming companies, I have placed my own gaming portfolio into a blind trust over ten years ago. At that time I instructed my money manager(who is a former industry colleague herself as well as a corporate lawyer and money manager) to follow my gaming investment strategy along these lines.
1. I am a value investor first. Knowing the industry in depth I am able to plumb opportunities and problems others cannot see. Mostly I like to identify price ranges over given periods where I believe the market is asleep and I can buy in at the lowest possible risk.
2. I am a strong believer in management quality. Knowing so many top people in the industry allows me to evaluate which ones I believe have the "right stuff" to move a stock and which are populated by corporate drones.
3. I have instructed my manager never to trade on sugar high spikes in earnings or news per se but use the "string theory" I have developed which in brief, follows a skein of news and earnings releases over set periods of time for each stock and then move in or out.
4. I have instructed her to keep the portfolio diverse with holdings in four basic areas: Casino stocks in Las Vegas, Macau and the regionals, gaming tech stocks with real moats not just cute apps.
Overall I have done immensely well and share my views with SA readers and more specifically with strong recommendations and gaming stock strategy analysis based on my network of industry contacts for subscribers to my SA Premium Site: THE HOUSE EDGE.
I've spent considerable time working for a registered independent advisor, doing work such as structuring client accounts, researching stocks/bonds, and performing due diligence on external managers. My career shifted when I took a role at a major investment bank, where I've supported the front office in mortgage-backed securities and derivatives. I now work in an oversight and risk capacity, identifying areas of risk and control weakness when it comes to regulatory compliance. As for trading style, I lean towards small/mid-cap companies, as I believe they have the potential for greater risk-adjusted returns. I'm firmly contrarian, and look to buy out-of-favor equities that have an opportunity to revalue upwards in the medium term.
I use value investing methods of analysis to search out undervalued companies using a combination of financial analysis and a qualitative assessment of management, industry & company fundamentals and circumstances to evaluate the odds of a successful investment. Emphasis is currently on consumer non-durables with strong brands and market shares, but there is no limit to such investments only. Past investments have included oil companies, consumer retail and consumer durables.
----->Top Idea #1: Zooplus, publ. Oct. 24th 2014, return since: +116.3%
----->Top Idea #2: Coca-Cola Bottling Co., publ. May 20th 2015, return: +72%
(calculated as of Sept 30th 2015)
I try to generate a couple of high probability ideas (2-3) every year and take very concentrated positions based on those ideas. Over the past 8 years this strategy has generated a 22,87% compounded average return net of all costs and taxes on my investment portfolio, with the strongest returns mostly during the past five years.
Current sectors under coverage by me at Seeking Alpha:
-personal & household goods
Disclaimer: all investment analyses and information written and published by me, as well as all comments, should not be considered as investment advice or used as such. All readers are strongly urged to perform their own research and due diligence on the equity shares and other investment products I have written about. I have no business or any other forms of relationship with the companies featured in my analyses, unless explicitly stated so in the article disclaimer.
Born Investment Management LLC provides investment management and financial planning services to clients across the US. Born Investment Management is a family business led by Tom Born and his sons David and Joseph with locations in Austin, TX and Orinda, CA.
Tom is a U.C. Berkeley trained economist with decades of experience as a professional economist, commodities broker, small business owner, and investor.
David is also a U.C.B. grad. He is a CFA charter holder with experience managing fixed income at a top 25 bank and mutual fund company prior to founding Born Investment Management.
Joe is the third U.C.B. grad. Joe joined Born Investment Management as Director of Operations in April 2016. Joe brings a professional history including agriculture and distribution management, acting, coaching in the Olympic Development Program, and special education.
Named by Fortune as one of its "50 Great Investors". Acknowledged as Cash Flow From Operations (CFFO) expert by WSJ, Fortune, Forbes.com and Smartmoney.com after developing a CFFO algorithm that predicts bankruptcies for seemingly healthy large NYSE and NASDAQ traded companies. Markowski also has CFFO algorithms that identify severely undervalued companies.
In September 2007 Equities Magazine column predicted the 2008 collapses for all five of the U.S. major brokers including Lehman, Bear Stearns and Merrill Lynch. Wholesale sell recommendations for the five based on macro-analysis of brokerage industry's negative cash flow due to "sub-prime mortgage revenue".
Founded: TrophyInvesting.com (2016), Dynastywealth.com (2014), Onlinefinancialsector.com (2007), StockDiagnostics.com (2002).
Currently: Analyst for Dynasty Wealth (focused on finding and covering disruptor companies that have 100X to 1,000X potential within 5 years).
Passion is recommending shorts for hyped companies that have inherently flawed negative CFFO models and ten baggers for those which are extremely undervalued based on their CFFO. Does not trade the markets and is instead a buy and holder.
Began career with Merrill Lynch in 1977 and was employed in early years by Oppenheimer and Donaldson Lufkin & Jenrette. Became CEO of a firm in 1990 that subsequently went out of business due to the firm’s having a net capital deficiency on January 15, 1991, the day before the first Gulf War broke out.
Markowski voluntarily left the broker industry in 1991. Most of his activities since have been in the financial information industry. The SEC and the NASD subsequently barred Markowski in 1995 from associating with a broker dealer. The bar related to activities that occurred in 1990, and before the war's breaking out which caused a severe lack of liquidity for the markets resulting in the firm's going out of business. Markowski appealed his bar to the U.S. Supreme Court which denied to hear his appeal. Markowski was not barred from being a registered investment advisor (RIA). However, Markowski chose not to pursuit a career as a RIA.
Former analyst at a long/short value-oriented hedge fund now managing a fund of my own. I believe it's important to put your money where your mouth is when investing, so I will generally write only about stocks that I own or am likely to purchase in the near future. For exclusive ideas and real-time access to my full portfolio, consider subscribing to my service, "Beating the Market with SoF".
My goal is to bring exposure to business development companies (BDCs) that finance small to medium sized businesses, typically overlooked by banks. BDCs are an instrument for investors to earn healthy dividends by avoiding double taxation at the corporate level and allowing income to flow directly to each shareholder. Please see website link below for more information. Email: firstname.lastname@example.org Website: www.bdcbuzz.com Newsletter: www.bdcbuzz.com/contact-us.html
Richard J. Prati, a seasoned business executive, investor, entrepreneur, philanthropist, and hands-on turnaround specialist, has served as Chief Executive Officer of Life Care Medical Devices since 2013 (www.lcmd.com), and CEO of Prati Management, a Family Office since 2012. Richard has 25 years of proven financial leadership and operational execution in investment banking, institutional equity sales, and professional investment management. As a Principal at several notable Wall Street investment firms, Mr. Prati has a strong history of exceptional value creation and a successful track record of transformational, business turnaround expertise including sourcing and executing transactions, accessing the public and private markets and catalyzing sizable revenue growth production. He has guided a wide range of emerging and established public and private entities in industries ranging from healthcare, biotech, medical devices, conglomerates, retail, industrials, information technology and semiconductors companies.
Mr. Prati Co-Founded, a young medical technology start-up, Singular Medical Technologies, Inc. (http://singmedtech.com/), and serves as Chairman. Singular addresses in a unique and innovative way the global problem of PACS incompatibility and hospital consolidation. Mr. Prati also recently served as Vice Chairman of PVG Asset Management (www.pvgassetmanagement.com), a fund family with nearly $1 Billion in assets for three years, and is a board member and early-stage investor of the privately-held Centennial Brands company. In 2002 Mr. Prati was one of two co-founders of American Technology Research (AmTech), an independent research broker/dealer and negotiated the $35 million sale of AmTech to Broadpoint in 2008. He then served as President and Vice Chairman of the equities division of Gleacher and Company (GLCH, which merged with Broadpoint AmTech shortly after the acquisition of AmTech). In 2010, Mr. Prati accepted the position Senior Managing Director of Equities at Sterne Agee, a large regional brokerage firm that was recently acquired by Stifel Nicolaus. Prior to founding AmTech, Mr. Prati was a Senior Partner at SoundView Technology Group, ran the west coast and launched the Denver office as well as establishing firm records as the top revenue producer his final three years. Richard served as an Executive Director at SG Warburg (UBS) in institutional equity sales, after embarking on his successful Wall Street career as an investment banker at Dean Witter Reynolds (acquired by Morgan Stanley). He earned his MBA from the William E. Simon Graduate School of Business Administration at the University of Rochester and his B.S in Economics from Vanderbilt University.
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Relentless Investment Research, LLC provides information and independent analysis focused on investing in Latin America and Africa (LatamA).
We strive to be a recurring destination for investors who have an interest in these two regions and our main goal is to provide information that is beneficial for formulating investment ideas.
Why Latin America and Africa?
While these two regions do have some media and analyst coverage, we believe there isn’t enough and that there are some compelling opportunities in these regions for those willing to relentlessly analyze investments from a long-term perspective.Most of the countries in these two regions would be classified as Emerging or Frontier Markets and investments in Latin America and Africa are generally more risky than in developed markets, like the United States and Europe, but there is also a potential of earning higher returns. When investing, one should always look at return in relation to risk. No information should be looked at in isolation. Instead, each piece of info should be gathered and analyzed in a holistic manner. Now going back to the potential additional returns that may be experienced due to the added risk; what this ultimately means, in our opinion (of course), is that an investor may benefit from having part of their portfolio invested in one or both of these regions. It’s also important to point out that countries within each region are not homogeneous. There will be many differences from country to country, as well as from industry to industry, which is why we attempt to go beyond just the headline news and do research about economies, financial strategies, and companies. While it’s important to be aware of current events, we believe that if we only focus on the headlines we are being too near-sighted and not considering the other end of the equation (i.e. long-term, risk versus return, correlation with developed markets, etc.).
Relentless IR’s Purpose
All investors should be Relentless! We hope that our articles/research make investors think about particular risk vs return characteristics in LatamA. Remember that no one person has all the answers, and with investing, nobody will always be right. So it is important that we thoroughly analyze investment opportunities (do our homework) in an effort to ESTIMATE risk and potential return (gain/loss).When it comes to investing, there are no guarantees that something will or will not happen. Everyone from expert to amateur investor should understand that present values are based on estimates, projections, forecast etc. Investing is one part science and one part art (and it’s probably more art than science). That’s precisely why we won’t say a stock is worth “exactly” x amount of dollars. Instead we will either give our own estimated price ranges or we will attempt to identify important pieces of information that we believe are worth considering when generating an investment idea. In the end, what is ultimately more important than Relentless Investment Research’s opinions (or anybody’s opinions, honestly) is the information that gets analyzed in order to formulate those opinions. It is the communication of this information that we believe best benefit our readers because, lets face it, financial models are imperfect and comparable ratio analysis can be misleading, both of which can cause our (or anyone’s) estimated present values to be flawed as well. Hopefully readers will use our information and opinions in their own analysis and see what differences and similarities there are between our opinions and their own, and how any fundamental differences would affect estimated asset valuations.
What Relentless IR Defines as “Latin American Investment Opportunities”
We analyze companies with company headquarters in Latin America but that trade on U.S exchanges (i.e. ADRs). These company’s shares may experience more volatility than is typically experienced by U.S. companies. There may be times when the company analyzed only trades on a Latin American stock exchange or European exchange. We will attempt to communicate what exchange the security trades on if it does not trade on a U.S exchange.Note: We currently do not focus on every country in Latin America. There are presently six Latam countries that we focus on. They are Argentina, Brazil, Chile, Columbia, Mexico, and Peru.
What Relentless IR Defines as “African Investment Opportunities”
We analyze companies doing business in Africa that are listed on African Exchanges (i.e Nigerian Stock Exchange, Johannesburg Stock Exchange, etc.) as well as on U.S exchanges. Extra caution may be needed when considering investments in African stocks because these companies may not have as long of a track-record or may have fewer records of financial statements. Also, these companies may be relatively more volatile. In order for Relentless IR to analyze companies listed on African Exchanges, the company must have financial statements that are available to the public. Extra caution may be needed for some of these companies because there is a possibility that they may not follow GAAP or IFRS accounting rules. While there currently are not many companies headquartered in Africa that trade on U.S exchanges (i.e. NYSE, NASDAQ, etc.), we believe an investor can also get an acceptable level of exposure to African growth by investing in “multinational companies” that have their headquarters outside of Africa as long as at least 20% of their revenue comes from operations in Africa. There are several reasons for this belief: - The company’s cash flows will likely be meaningfully influenced by African Markets which will translate into stock performance that is partially dictated by economic growth rates in Africa - The company will be more likely to participate in any growth from the continent - The company will probably have the “know-how” needed to continue to navigate African Markets With that being said, we will attempt to communicate which exchange the security trades on. Also, there are many countries in Africa (over 50) and some countries are extremely difficult to invest in. Relentless Investment Research’s main focus will be on countries with a functioning stock market.
Port Wren Capital, LLC specializes in uncovering undervalued companies with strong long-term potential for people who want to maximize their investment profits. We invest in our own ideas. We offer value research reports via a subscription service.
Our stock holdings are set forth below.
Own over 50 dividend paying stocks. Our holdings by sector. Animal Health/Dental: PDCO. Chemical/Agriculture: DOW, DD, FMC and MON. Consumer Defensive: KO, PG, MO, KMB, GIS, MDLZ, CLX, CL, KHC, HSY and SJM. Consumer Cyclical: SBUX, NKE and COH. Healthcare: ABT, ABBV, BMY,BAX, DGX, JNJ, MJN, LLY, PFE, MRK and HYH. Tech: ADP, ORCL, IBM, INTC, GLW, HPQ, HPE, NATI and TXN. Industrial: EMR, ITW, JCI, MMM, HON and GE. Telecom: T and VZ. Utility: AEP Miscellaneous: AVY, CDK, FAST, FBHS, SPGI and VSM.
Scott Shander, FRM is an enthusiast of value investing with a vision to engage a community of like-minded analysts to quantify and evaluate various investment opportunities. With specialties in financial risk management, time series analysis, econometric forecasting, scenario analysis, experimental design, and fundamental valuation, he is interested in utilizing quantitative rigor to drive objective analytic-based decisions.
Scott spent seven years in financial risk management the consumer packaged goods industry providing technical insight quantifying and managing commodity and foreign exchange market risks to protect profit margins. He is a certified Financial Risk Manager (GARP) and holds an M.S. in Applied Economics and a B.S. in Mathematics and Economics from Marquette University. Scott, originally from Milwaukee, now lives in Chicago but remains an avid Packer fan.
George has more than a decade of experience in the financial services industry, including stints in banking, stock brokerage, and asset management. His investment philosophy is value-oriented, focused on seeking out underpriced companies through rigorous research. While he looks for opportunities in any sector, he is particularly drawn to the consumer discretionary sector.
Brad Thomas is a research analyst and he currently writes weekly for Forbes and Seeking Alpha where he maintains research on many publicly-listed REITs. In addition, Thomas is the Senior Analyst at iREIT Forbes and Editor of the Forbes Real Estate Investor, a monthly subscription-based newsletter.
Thomas has also been featured in Forbes Magazine, Kiplinger’s, US News & World Report, Money, NPR, Institutional Investor, GlobeStreet, and Fox Business. He was the #1 contributing analyst on Seeking Alpha in 2014 (as ranked by TipRanks) and he is currently writing a book on the legendary investor Donald Trump.
Thomas has co-authored a book (The Intelligent REIT Investor) that is available on Amazon.
Thomas received a Bachelor of Science degree in Business/Economics from Presbyterian College where he played basketball. He resides in South Carolina with his wife and kids.
Hedge fund analyst, 6 years investing experience, mainly looking for special situation opportunities in small-mid cap firms with significantly asymmetric risk/reward profile
My job has nothing to do with the financial world, on the contrary - I have a college education and a Ph.D. in science and I work for a large cooperation in the German industry. I bought my first stocks almost 20 years ago, starting with investments in DAX companies (the German large cap index) and have continuously broadened my horizon geographically and to other equity classes since then. My main ambition is to obtain financial independence and the admittedly challenging ultimate goal is to retire at the age of 50 (or at least in the mid-fifties). Let’s see how this turns out…
Old school investment analysis by 30 year stock market veteran Stan Barton.
The past editor of STOCK ACTION advisory letter and past coordinator of the MENSA investment group is now helping successful people develop and preserve their legacy at Barton Legacy Advisor, LLC.
For a free consultation contact him at www.bartonla.com
Bishop Research & Analytics delivers comprehensive investment analysis on small and mid-cap companies, equity research, market trends, and valuation models. Our professional research provides investment managers with in-depth insights, detailed research, and timely market intelligence to outperform the benchmark indices and gain the advantage of leading the markets.
Taught as a kid to read the stock quotes in the newspaper (remember having to wait until the next day to get the quotes?) by my dad. Now, a dividend growth investor that uses a garden analogy for my dividend portfolio. Love reinvesting dividends and premiums from covered calls on my positions.
KL is a special situations and opportunistic fund, managing a concentrated portfolio. KL believes that minimizing losses in difficult periods is critical to generate attractive long term returns. The Fund’s objectives are to minimize losses and generate returns in excess of the special situation hedge fund index, which is expected to return 10% pa. over the next 3 years. KL’s competitive edge is its rare ability to combine detailed and independent value-investing research with a unique willingness and ability to trade special situation securities.
KL Investment Partners may change or exit its holdings (buy, sell, sell-short shares) without updating its Seeking Alpha articles and without informing the Seeking Alpha community.
KL's articles, blogs and comments are not an offer to sell or a solicitation of offers to buy any securities. Securities of the Fund are offered to selected investors only by means of a complete offering memorandum and related subscription materials. There is the possibility of loss and all investment involves risk including the loss of principal.
Dr. Jacques Saint-Pierre was full professor of finance at Laval University (founded in 1852) until his retirement in 2010, where he has taught finance at the bachelor, MBA and Ph.D. levels during 40 years. He is now adjunct professor at the same university and board adviser. He has been during his long career, among other things, securities regulator, business valuator, securities analyst, and court financial expert. He has always been a strong proponent of the value approach (value based management, and value investing) well before it became so popular. Some of his academic writings on the subject can be read on the Social Science Research Network (SSRN) at http://ssrn.com/author=12155 where his author rank is in the first 5th percentile out of more than 280 000 authors.