Seeking Alpha

Oakhut

Oakhut
Send Message
View as an RSS Feed
View Oakhut's Comments BY TICKER:
Latest  |  Highest rated
  • Deere: A Bountiful Harvest Awaits [View article]
    In the past ten years, DE reported total $17.7 B NI, but FCF is only $5.9 B, one third of NI. Accounting net income cannot be used to pay dividend and to buy back stock, only free cash flow can. So how DE paid dividend and bought back cash as if it had earned $17.7 B cash? Raising debt. The long term debt rose from $10.4 B in 2003 to $21.7B at the end of Q3 2013. At 10 times PE multiple, the stock looks cheap. But not if you exam the free cash flow.
    Nov 17 09:38 PM | Likes Like |Link to Comment
  • Buffett Still Runs A Very Concentrated Portfolio [View article]
    Nice article. "I am absolutely certain that I have learned more about investing from reading those shareholder letters than I have learned from every other source combined". I couldn't agree with you more.
    Mar 15 12:44 PM | Likes Like |Link to Comment
COMMENTS STATS
2 Comments
0 Likes