At Valuentum, we think the best opportunities arise from a complete understanding of all investing disciplines in order to identify the most attractive stocks at any given time. Valuentum therefore analyzes each stock across a wide spectrum of philosophies, from deep value through momentum investing. We think companies that are attractive from a number of investment perspectives--whether it be growth, value, momentum, etc.--have the greatest probability of capital appreciation and relative outperformance. The more investors that are interested in the stock for reasons based on their respective investment mandates, the more likely it will move higher.
Brian Nelson is the President of Equity Research at Valuentum Securities, an investment research firm serving individual and institutional investors, as well as financial advisors. Before founding Valuentum, Mr. Nelson worked as a director at Morningstar, where he was responsible for training and methodology development within the firm's equity and credit research department. Prior to that position, he served as a senior industrials securities analyst, covering aerospace, airlines, construction and environmental services companies. Before joining Morningstar in February 2006, Mr. Nelson worked for a small capitalization fund covering a variety of sectors for an aggressive growth investment management firm in Chicago. He holds a Bachelor's degree in finance and a minor in mathematics, magna cum laude, from Benedictine University. Mr. Nelson has an MBA from the University of Chicago Booth School of Business and also holds the Chartered Financial Analyst (CFA) designation.
Get to Know Brian:
Brian led the charge in developing Morningstar's issuer credit ratings, developing and rolling-out one of the firm's proprietary credit metrics, the Cash Flow Cushion. http://select.morningstar.com/welcome/credit/pdfs/Morningstar_CashFlowCushion.pdf
Brian is frequently quoted in the media and has been a frequent guest on Nightly Business Report, Bloomberg TV, and the Money Show.
Mr. Nelson is very experienced in valuing equities, developing Morningstar's discounted cash-flow model used to derive the fair value estimates for the company's entire equity coverage universe.
Brian worked on a small cap fund and a micro cap fund that were ranked within the top 10th percentile and top 1st percentile within the Small Cap Lipper Growth Universe, respectively, in 2005.
Mr. Nelson is also a contributor to Seeking Alpha and an opinion leader in the Industrial Goods space.
You can reach Brian at email@example.com.
Please read our Disclaimer that applies to all articles published on Seeking Alpha: http://www.valuentum.com/categories/20110613
Follow us on Twitter: @Valuentum
Author of the value investing newsletter detailing the formation of the "Punch Card Portfolio" (http://valueinvestorcanada.blogspot.com/). Devon Shire is an accountant and an investor with 15 years experience managing a private portfolio. Devon Shire's preferred portfolio management style is a concentrated approach, investing only when finding opportunities that offer a sufficient discount to the intrinsic value of a business. Devon can be contacted at firstname.lastname@example.org.
Most recently, Jeremy held the title of Assistant Vice President at a listed investment bank's asset management group as a buy-side analyst. Previously he worked as a senior valuation analyst for a large international accounting firm. He has also worked in sales for a separate listed investment bank and as a consultant to the insurance brokerage industry. Currently, he manages a long-focused equity and debt portfolio. His financial research interests include capital budgeting, capital markets history, political economy, accounting, speculative patterns in securities prices and firm valuation. He is also interested in military history, modern philosophy and literature. Jeremy is a CFA charter holder.
I manage Wax Ink.net, a baseline equity research company comprised of individual investors not licensed or registered with any government agency.
I have been all cap value investor and independent equity researcher for the past 30 years, and believe that patience is the key to successful long-term investing.
Ingrid R. Hendershot, CFA is the founder and president of Hendershot Investments, a woman-owned registered investment adviser based in Virginia. With more than twenty-five years of investing experience, Ingrid invests in high-quality companies at reasonable valuations and holds them for the long term. This strategy is applied to companies with various market capitalizations.
Please note that I do not read comments posted here, nor respond to messages here. I don't have the time. If you want my attention, you must seek it directly at my blog.
David J. Merkel, CFA — From 2003-2007, I was a leading commentator at the excellent investment website RealMoney.com (http://www.RealMoney.com). Back in 2003, after several years of correspondence, James Cramer invited me to write for the site, and now I write for RealMoney on equity and bond portfolio management, macroeconomics, derivatives, quantitative strategies, insurance issues, corporate governance, etc. My specialty is looking at the interlinkages in the markets in order to understand individual markets better.
I no longer contribute to RealMoney because my work duties have gotten larger, and I began this blog to develop a distinct voice with a wider distribution.
In 2008, I became the Chief Economist and Director of Research of Finacorp Securities (http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=109&STORY=/www/story/02-08-2008/0004752449&EDATE=). Finacorp went into liquidation in June 2010, after which I decided to open my own asset management shop, Aleph Investments, LLC. I manage stock and bond portfolios for clients.
Until 2007, I was a senior investment analyst at Hovde Capital, responsible for analysis and valuation of investment opportunities for the FIP funds, particularly of companies in the insurance industry. I also managed the internal profit sharing and charitable endowment monies of the firm.
Prior to joining Hovde in 2003, I managed corporate bonds for Dwight Asset Management. In 1998, I joined the Mount Washington Investment Group as the Mortgage Bond and Asset Liability manager after working with Provident Mutual, AIG and Pacific Standard Life.
My background as a life actuary has given me a different perspective on investing. How do you earn money without taking undue risk? How do you convey ideas about investing while showing a proper level of uncertainty on the likelihood of success? How do the various markets fit together, telling us us a broader story than any single piece? These are the themes that I will deal with in this blog. I hold bachelor’s and master’s degrees from Johns Hopkins University.
In my spare time, I take care of our eight children with my wonderful wife Ruth. Visit this site: The Aleph Blog (http://alephblog.com/)
Protecting and preserving capital over the long term is more important than growing capital. Particularly devoted to researching cheap stocks of high quality companies, GARP stocks, Magic Formula names, and stocks trading below intrinsic value. Participate long only without hedge when overall bull market is trading for a CAPE under 15 (Tobin's Q under .8X) or when blood is in the streets (not dip buyers), but strive to cut losers early when the facts change and refuse to marry long or short positions unless a "holding period of forever" makes sense. Hunches must be backed up by disciplined systems.
In fully valued markets, we prefer hedging via index options and light commodity trading/trend following. Not interested in participating in latest fad or bubble. Prefer to short the bubble, but only after evidence suggests the bubble has popped.
Prefer to hedge any long positions in frothy markets utilizing a balanced long short equity approach in fairly valued markets. In undervalued markets, we need confirmation from market conditions and valuations in order to invest 100% long (or more) using in the money call options for leverage. Covered calls, calendar spreads, and other options strategies for capturing theta decay.
Cut losers on short side by using ITM put options instead of stock, trend following strategies if trading commodities (for diversification). Fundamental analysis but also technical analysis. Mathematical, disciplined trading strategies. Strive first off to be right about the overall direction of the market (bull or bear). Hold lots of cash when people are being greedy.
Nothing we publish here is a recommendation to buy or sell any security. Please consult your financial advisor before buying or selling any security.
Our team at Durig Capital work tirelessly to provide you with the premier Global Fixed Income services that to help US and World investors.
We achieve high institutional yields from around the globe for the retail investor.
Search the globe for best yielding investments, providing updated fundamental research on several high yielding bonds institutional bonds, that combined with our low cost assistance, our clients can broadly diversify their fixed income portfolio while at the same time often greatly increasing their yields.
We identify, research and place bonds repeatably at higher yielding institution levels, often sidestepping costly traders and middlemen, providing a direct service at a very low fee. This service allows our clients to achieve a much higher income combined with far greater diversification.
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Dr. David Kass has published articles in corporate finance, industrial organization, and health economics. His teaching interests include financial restructuring and strategy, and investment management at the MBA level, as well as advanced financial management, business finance, and investments at the undergraduate level. Prior to joining the faculty of the Smith School, he held senior positions with the Federal Government (Federal Trade Commission, General Accounting Office, Department of Defense, and the Bureau of Economic Analysis). He currently serves as a vice president of the Harvard Business School Club of Washington, D.C., and is a member of the investment committee of a local nonprofit organization
Dr. David Kass
Ph.D., Harvard University
Robert H. Smith School of Business
Department of Finance
University of Maryland
4412 Van Munching Hall
College Park, MD 20742
Kerrisdale Capital is a private investment manager that focuses on value and special situations investments. We manage investment partnerships and separately managed accounts.
ZenPrime Software provides ZenValue, a software package that allows investors to easily compare stocks based on their intrinsic value and fundamentals. ZenValue's focus is on the fundamentals of stocks and not on technical analysis.
With user customization of projected growth rates, the user can tailor their valuations based on their expected growth rates. The spreadsheet-like presentation allows easy comparisons and sorting between different variables to help the investor determine the merits of various stocks.
I like to research companies and determine their intrinsic value, inspired by the likes of Buffet, Graham and Greenwald. I focus on high quality, dividend paying companies. My investment objective is to maintain and grow my capital with protection on the downside (and the upside will take care of itself). The preference is on maintaining a small and focused portfolio of blue chip stocks. Seeking Alpha provides the opportunity to share my research and analysis with others.
I am married to a wonderful, beautiful and intelligent woman and am currently living in Shanghai. I work as an IT manager at a Fortune 500 company.
Mariusz Skonieczny is the founder and president of Classic Value Investors, He is also the author of several books on investing including Why Are We So Clueless about the Stock Market, The Basics of Understanding Financial Statements, Due Diligence: How to Research a Stock, 100 Ways to Find Investment Ideas, Investment Wisdom and Gold Production from Beginning to End.
At Investment Underground, our editors are disciplined, independent journalists who dig into technology, commodities, and stock market news to break the stories that matter. Our active approach to journalism spans analysis and interviews with noteworthy leaders to uncover real news that affects business right now.
Most notably, our insights predicted the departure of Avon CEO, Andrea Jung, and Warren Buffett’s purchase of his first technology stock in over forty years at Berkshire Hathaway.
Our work appears in Google News, Seeking Alpha, Motley Fool, Morningstar, Vatalyst, Value Walk, and Guru Focus, among others.
Sham Gad is the founder and Managing Partner at Gad Capital Management in Athens, Georgia. He runs the Gad Partners Fund, an investment partnership inspired modeled after the 1950's Buffett Partnerships.
As director of research at Portfolio123, I have long specialized in rules/factor-based equity investing strategies of the sort characterized as “Smart Alpha” in the July 2014 Journal of Portfolio Management. In addition, I formerly managed a high-yield fixed-income fund and conducted research involving quantitative asset allocation strategies such as are at the foundation of what today has come to be known as Robo Advising. I formerly edited the the Forbes Low Priced Stock Report, and served as an assistant research director at Value Line. I have long had a passion for investor education, which has resulted in my having conducted numerous seminars on stock selection and analysis, and the authoring of two books: Screening The Market and The Value Connection.
Kendall J. Anderson, CFA is the founder and President of Anderson Griggs Investments. Anderson Griggs manages equity only and balanced separate accounts from Rock Hill, South Carolina. Kendall was recognized by Money Manager Review as the number 1 large cap growth manager for 2004. His management of the firm’s large quality separate account has earned a Morningstar 4-Star rating for the 10 year period ending 12-31-09. Advisor Perspectives, a leading publisher serving financial advisors, awarded Kendall with the inaugural Venerated Voices Award as the most-widely read commentary by professional financial advisors in 2010, for his commentary titled “Good Enough” with Ken Fisher, Marty Whitman and Warren Buffett, published on November 30th, 2010. He is a regular contributor to Morningstar.com and Seeking Alpha, the most recognized names in the financial community for timely and actionable opinion and analysis. Kendall's company website may be found at www.andersongriggs.com. On a personal note, Kendall is one of just 400 individuals who have successfully finished the “Iron Butt Rally,” the “World’s Toughest Motorcycle Competition.” The Rally lasts for 11 days and covers more than 11,000 miles.
Editor for The Biotech Forum (www.biotechforumsa.com), the #2 subscribed to Marketplace investment service offered through SeekingAlpha. Top 5% ranked analyst (TipRanks) 2013 through first half of 2015. Daily contributor for Real Money Pro. Hedge fund manager from 2008 to 2011. Previously technology executive at Fortune 100 firm for a decade. For Free weekly investment reports on small, attractive biotech stocks just register at www.bretjenseninvests.com
Gregory Speicher is an Ohio-based investor. His career has primarily been in technology start-ups and small growth companies, including an Inc. 500 Company which he cofounded. He received his bachelor's degree in philosophy Magna Cum Laude from the University of St. Thomas in Rome, Italy, and attended the MBA Program at the Wharton School of the University of Pennsylvania. He has attended Professor Bruce Greenwald's Value Investing Executive Education Course at Columbia University and continues to read and study widely in the field of value investing.
Clayton has been an avid follower of world economics and investments for more than fifteen years. He possesses strong value based investment convictions, but also realizes the material impact that macro events and market momentum have on portfolio return. Mr. Reeves focuses on energy, growth and value in his SeekingAlpha articles. His articles do not represent investment advice and should be read for information and entertainment value only.
Clayton holds undergraduate degrees in finance and economics and an MBA in finance. He is also a CFA Charterholder. Additionally, he has experience teaching upper level undergraduate and graduate investment finance classes at the University of Missouri (Mizzou). Clayton has experience in financial reporting, investment banking, health care, consulting, information technology, mergers & acquisitions and commodities.
Fund manager Eddy Elfenbein writes Crossing Wall Street (http://www.crossingwallstreet.com/). He comments on a range of stocks (many of which he owns) and market trends. His work is funny, pithy, rigorous and original.
Eddy's philosophy: 'The key to doing well on Wall Street is actually very simple: Buy and hold shares of outstanding companies. But too many investors never learn this valuable lesson. Or if they do learn it, they learn it the hard way. That's where I come in. I want to help investors avoid the mistakes that separate successful investors from those who always find themselves spinning their wheels.'
Visit: Crossing Wall Street (http://www.crossingwallstreet.com/)
Led by MIT engineers and Wall Street analysts, Trefis.com helps you understand how a company's products, that you touch, read, or hear about everyday, impact its stock price.
Surprisingly, the founders of Trefis discovered that along with most other people they just did not understand even the seemingly familiar companies around them: Apple, Google, Coca Cola, Walmart, GE, Ford, Gap, and others.
This might include you though you may have invested money in these companies, or may have been working with one of them for years as an employee, or have consulted with them as an expert for a long time.
Consider these questions:
•What % of Apple's stock price is iPhones? (Q: Is it 5%, 25%, or 50%?)
•What % of Dell's stock price is Dell Notebooks?
•If Bing took half the market share from Google Search, what % upside could there be for Microsoft’s stock?
On Trefis you will get answers to questions like above.
You can play with assumptions, or try scenarios, as-well-as ask questions to other users and experts. The platform uses extensive data to show in a single snapshot what drives the value of a company's business.
Trefis makes the same content, data, and tools that are currently available only to professional investors today, accessible to everyone. Importantly, it makes the extensive data/tools easy to use and understand, allowing investors to leverage the platform in their decision making much more efficiently than anything else available.
Trefis is currently used by hundreds of thousands of investors, company employees, and business professionals.
Scott Karp is the co-founder, President & CEO of Publish2, Inc (http://publish2.com/). He is also Editor, Publisher, and the creator of Publishing 2.0 (http://publishing2.com/about), a blog about how technology is transforming media. Folio: magazine named Scott one of the 40 most influential people in publishing (http://www.foliomag.com/viewmedia.asp?prmMID=7549) for 2007. Scott was previously the Director of Digital Strategy for Atlantic Media.
Subscribe to Publishing 2.0 (http://publishing2.com/subscribe)
Andy Harless is an economist specializing in macroeconomics, with particular interests in labor and finance. Since finishing his doctorate at Harvard University in 1994, he has been involved in a number of projects related to economics, including writing econometric software, developing quantitative methods to forecast US Treasury yields, and co-authoring The Indebted Society with James Medoff. He also has experience trading several types of financial futures. His occasional writing has appeared in various publications such as Barron’s and Grant’s Interest Rate Observer. Currently he is Chief Economist at Atlantic Asset Management (http://www.atlanticasset.com/). Opinions expressed in his articles (as well as any errors or omissions) are entirely his own and do not necessarily reflect those of Atlantic Asset Management or its officers.
Visit his blog: Employment, Interest and Money (http://blog.andyharless.com)
I'm a well-informed retail investor and post on SA in order to expose my thought process to critical examination and comment from readers. It makes me a better investor.
I'm particularly proud of bullish macro articles posted in 2009 and later, in which I presented ideas that encouraged me to invest very profitably in a rising market. I also did articles on individual stocks, many of which contained insights not available elsewhere. Finally, I wrote a number of thoughtful articles critical of financialism and the lack of ethics on Wall Street.
I do not post for compensation, as I am concerned that editorial policy encourages and pays a premium for articles that invite the reader to speculate on the short term movements of microcaps, penny stocks, and controversial issues. The best way for me to monetize my insights is to invest accordingly.
As a retail investor, I don't give investment advice. I write about what I'm investing in, and the thought process involved in decision making and stock selection. Hopefully some of what I write is of benefit to others, by sharing my experience as I interpret it and helping them improve their investment thinking and process.
Charles Rotblut, CFA is the editor of the AAII Journal, the flagship publication of The American Association of Individual Investors (AAII). Charles provides both insight about individual investor sentiment and market analysis. He is also the author of "Better Good than Lucky: How Savvy Investors Create Fortune with the Risk-Reward Ratio" (W&A Publishing/Trader's Press).
Shawn W. Kravetz is President of Esplanade Capital LLC, a Boston-based investment management company.
Esplanade Capital was founded to manage capital for a small number of like-minded families, private investors, and institutions. The firm manages two private investment partnerships: Esplanade Capital Partners I LLC and Esplanade Capital Electron Partners LP.
Esplanade Capital is focused on a handful of sectors, including: retail, consumer products, casino gaming, business services, education, and solar power.
Prior to founding Esplanade Capital, Mr. Kravetz was a Principal at The Parthenon Group, a leading strategy consulting boutique, where he advised chief executives on corporate strategy. Prior to Parthenon, Mr. Kravetz was Director of Strategic Planning and Corporate Development at The CML Group, where he oversaw activities at subsidiaries including NordicTrack, The Nature Company, and Smith & Hawken.
Mr. Kravetz received an MBA with High Distinction from Harvard Business School, where he was named a Baker Scholar. Mr. Kravetz received an A.B. in Economics from Harvard University, magna cum laude.
TechCrunch (http://www.techcrunch.com/), founded on June 11, 2005, is a weblog dedicated to obsessively profiling and reviewing new Internet products and companies. In addition to covering new companies, we profile existing companies that are making an impact (commercial and/or cultural) on the new web space. TechCrunch is co-edited by Michael Arrington and Erick Schonfeld.