Steve Percoco founded Lark Research as an independent provider of investment research in 1991. He has been the publisher of the Income Builder newsletter since 2001. He is a generalist, but focuses on several key sectors, including housing (and the homebuilders), real estate, utilities (electric, water and gas), telecommunications, energy and technology. Lark Research also offers institutional research services, including company and sector reports and market commentary.
Steve is a member of the New York Society of Security Analysts. From 1994-2004, he chaired NYSSA’s Committee for Improved Corporate Reporting. From 1996-2002, he served on NYSSA’s Board of Directors. He received the Society’s Volunteer-of-the-Year award in 1995, 1996, 2001 and 2002.
Prior to founding Lark Research, Steve was Vice President in the High Yield Corporate Bond Research Department at Salomon Brothers (1987-1990) and investment officer at Bank of Boston (1983-1987).
From 1994 to 2010, Steve chaired the Springfield NJ Investor Education Group of the American Association of Individual Investors (AAII). He served as a member of the FASB’s User Advisory Council from 2004 to 2006.
Steve is a graduate of Bowdoin College and Harvard Business School.
Wall Street Breakfast, Seeking Alpha's flagship daily business news summary, is a one-page summary that gives you a rapid overview of the day's key financial news. It's designed for easy readability on the site or by email (including on mobile devices), and is published before 7:00 AM ET every market day.
Wall Street Breakfast readership of over 900,000 includes many from the investment-banking and fund-management industries.
Sign up here to receive the Wall Street Breakfast in your inbox every business day: http://seekingalpha.com/account/email_preferences
BA in economics from UConn. MBA in finance from Wharton. Worked as securities analyst and portfolio manager for an insurance company and a bank from 1960 through 1983. Retired at age of 53. Private investor from then until now. I am 86 years young. I like to write poetry and short stories. And, I am the Chief Inspector of Sunrises and Sunsets on Earth (self appointed).
BS in Economics, MA in Public Policy (International Economic Policy). J is a well-known voice in the global shipping community, with unparalleled investment results and a penchant for activist investing.
Mintzmyer founded Value Investor's Edge, a top-ranked deep value research service in May 2015, with the goal of establishing a top-tier community of deep value investors and activists. Value Investor's Edge subscribers leverage exclusive in-depth analytic reports and community investment experience to discover disconnects in global shipping and a variety of other beaten down sectors.
TipRanks.com ranked Mintzmyer’s performance in the top 3% of all global analysts at the end of 2015 for his 2-year investment performance. While compiling his research, Mintzmyer has interviewed numerous management teams at public maritime firms, and has worked with a multitude of investors. His exclusive analysis has received numerous 'Top Idea,' 'Must Read,' and 'Small Cap Insight' awards.
J is a CFA candidate and investment enthusiast who utilizes Seeking Alpha to provide an open exchange of both trading and investment ideas. Masters in Public Policy, with focus on International Security & Economic Policy from the University of Maryland, College Park. Distinguished Graduate of the United States Air Force Academy with a B.S. in Economics. President of Mintzmyer Investments LLC, a financial services company specializing in equity research and hedge fund advisory.
Extensive background in financial analysis, equity research, accounting, portfolio management, and customized asset allocation through nearly a decade of formalized education, personal studies, and practical experience. Avid reader of business/investments and biographies.
Legal Disclaimer: Any related contributions to Seeking Alpha, or elsewhere on the web, are to be construed as personal opinion only and do NOT constitute investment advice. An investor should always conduct personal due diligence before initiating a position. Provided articles and comments should NEVER be construed as official business recommendations. In efforts to keep full transparency, related positions will be disclosed at the end of each article to the maximum extent practicable. The majority of trades are reported live on Twitter, but this cannot be guaranteed due to technical constraints.
My premium service is a research and opinion subscription. No personalized investment advice will ever be given. I am not registered as an investment adviser, nor do I have any plans to pursue this path. No statements should be construed as anything but opinion, and the liability of all investment decisions reside with the individual. Although I do my utmost to procure high quality information, investors should always do their own due diligence and fact check all research prior to making any investment decisions. Any direct engagements with readers should always be viewed as hypothetical examples or simple exchanges of opinion as nothing is ever classified as “advice” in any sense of the word.
Richard is the managing principal of QVM Group LLC, a fee-based investment advisor based in Connecticut, with clients across the country. . QVM manages portfolios uniquely designed for each client on a flat fee basis through the client’s own accounts at Schwab; and provides investment coaching to "do-it-yourself" investors on an hourly fee basis. The investment approach is based on value, asset allocation, expense control, risk management, customizing portfolios to each client's specific circumstances, and regular communication about strategy and absolute and benchmark performance. Richard's extensive experience includes serving having served as a Board Director of Phoenix Investment Counsel, a U.S. pension and mutual funds manager, now Virtus Investment Partners (New York Stock Exchange: VRTS http://www.virtus.com); as Managing Director of Phoenix American Investment in London; and as a Board Director Aberdeen Asset Management PLC in Aberdeen Scotland (London Stock Exchange: ADN http://www.aberdeen-asset.com). He has been a Trustee of a $500 million pension fund, and was a charter investor and member of the Board of Directors of several internet companies, including Lending Tree (NASDAQ: TREE http://www.lendingtree.com) prior to its IPO. He is a 1970 graduate of Dartmouth College. QVM Group LLC is a Registered Investment Advisor. Visit the QVM Group website. (http://www.qvmgroup.com). Follow him on Twitter: @QVMinvest
I have retired from a 35 years career in the semiconductor industry. I now have the time to do the deep research necessary for successful investing.
I freely provide investment information for friends and family.
I am a member of MENSA, which means precisely nothing except I wake up in the middle of the night doing pointless math problems in my head:)
I hold a B.S. in Accounting.
"[T]he function of the margin-of-safety is, in essence, that of rendering unnecessary an accurate estimate of the future. If the margin is a large one, then it is enough to assume that future earnings will not fall far below those of the past in order for an investor to feel sufficiently protected against the vicissitudes of time."
"Needless to say, the analyst must take possible future changes into account, but his primary aim is not so much to profit from them as to guard against them. Broadly speaking, he views the future as a hazard which his conclusions must encounter rather than as the source of his vindication."
"[F]inding the really outstanding companies and staying with them through all fluctuations of a gyrating market proved far more profitable to far more people than did the more colorful practice of trying to buy them cheap and sell them dear…These opportunities did not require purchasing on a particular day at the bottom of a great panic."
My name is Mark B. Spiegel and I'm the Managing Member of Stanphyl Capital Management LLC. I can be reached at: mark (at) stanphylcap (dot) com. My Twitter feed is @markbspiegel
This blogger follows the principles of value investing. Often, I analyze a company's business instead of only its stock, as sometimes, value resides in stocks that do not appear so "cheap". I hope to share my ideas with you.
I am a Portuguese independent trader, analyst and algorithmic trading expert, having worked for both sell side (brokerage) and buy side (fund management) institutions.
I've been trading professionally for about 20 years and also launched www.thinkfn.com in 2004. Thinkfn (Think Finance) carries thousands of educational articles on finance and the markets.
I trade futures, stocks from the long and short side, forex and options. I trade both discretionary and fully automated systems (Metatrader, Quantshare and others).
I can be reached at paulo.santosATthinkfn.com or followed on Twitter at twitter.com/ThinkFinance999
As the grandson of H.B. Reese, the inventor of REESE'S Peanut Butter Cups, I'm on a mission with your help of course (through global crowdsourcing) to make REESE'S the #1 global candy brand. Email: Brad@BradReese.Com or call 717-602-1752.
After 20 successful years in the IT industry, Richard Saintvilus decided his second act would be as a stock analyst - bringing logic from an investor's point of view. His goal is to remove the complicated aspect of investing and present it to readers in a way that makes sense. Richard's work has been featured on CNBC, Yahoo! Finance, MSN Money, Forbes, Motley Fool and numerous other outlets.
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.
I’m a product of my experiences, and I’ve had the good fortune to learn from some very smart people who provided me with the opportunity to succeed.
Growing up in Nebraska I always read the newspaper articles about the brilliant investor in Omaha who still drove a Ford Taurus. Then one day, I was probably 19 at the time, I picked up a book in my grandma’s basement that my deceased grandfather had read at one time. It was a green and yellow book written by Benjamin Graham titled The Intelligent Investor. Inside the book was a collection of notes that my grandfather took. I proceeded to read the book every chance I could. At the time I was working my way through school as a delivery driver in Omaha. I recall sitting in the parking lot of Mutual Omaha reading about margins of safety and buying stocks as if you were buying the whole company. That was the seed that got me started investing. After reading the book I decided on finance for my major at the University of Nebraska – Omaha. Of all the books on my bookshelf, this copy of The Intelligent Investor is the most sentimental to me because it has shaped my life.
My first finance class was taught by a guy named Dr. Robert Benecke. He was older and a bit gruff, but his advice to “follow the cash” and treat “cash as king” was some of the simplest yet best advice I received. To this day, when I try to solve a fairly complex problem I think about that advice and work backwards from a simple stream of cash flows.
While I was in college I had the good fortune and opportunity to work as an intern in the investment division at The Omaha World-Herald Company, publisher of Nebraska’s largest newspaper. I was exposed to people applying the very things I’ve been reading about. This was my first value investing laboratory where I could apply some of the things I learned in school and in the investing books. After graduating from college I worked full-time in this company and the experience I gained was priceless. In addition to making investments in companies, I also was involved in the annual valuation of the company’s stock since it was employee-owned. I found it fascinating to see how these professionals determined the value of companies. This was really applying the discounted cash flow methodologies I’d read about for years. I remember thinking that it would be so easy to make money if a computer could just run a discounted cash flow on all public companies and buy the most undervalued (this was probably where FetchXL was conceived).
It was around this time that one of my favorite professors from college, Dr. Graham Mitenko, suggested I take a look at the CFA program. After a brief review of the curriculum I enrolled for the Level I CFA exam. The CFA exam is a self-study program that requires a candidate to pass 3 exam levels. There were only a handful of candidates taking the exam in Omaha at the time and I thought there should be a better way to collaborate with other candidates from around the world so I started my first company, AnalystForum, in 1999.
A few years later I started a new job in the development and acquisitions group of MidAmerican Energy, the Berkshire Hathaway subsidiary run by David Sokol at the time, where I really learned Excel. This was probably the toughest job I’ve ever had and it did two important things for me. First, I learned a lot about spreadsheets and building financial models which are the basis for almost every investment I make today. Second, it made everything else I did after that job seem easy. I’ve never met Warren Buffett but the closest I’ve come is while working at MidAmerican Energy and I regret that I did not introduce myself at the time. I was working on a project that required the interest rate as quoted in The Wall Street Journal so I walked up to the lobby to get the Section C. Unfortunately, there was an older gentleman facing the other direction reading the only copy in the lobby so I started walking up the him to see if I could take Section C. About 5 feet away I realized that I was about to take the Section C from Warren Buffett so I turned around and found another copy somewhere else in the office. In hindsight it was the perfect chance to meet a legend and I should have taken advantage of the opportunity to introduce myself.
My next professional role was at a private equity firm called McCarthy Group where I worked on making investments in privately held companies in the $25-100 million range. The focus on buying companies, not shares, was very valuable experience. This approach is the foundation for the public company investing I do. While building financial models at McCarthy Group I started to think more about the need in the market for a cost-effective Excel add-in for retrieving financial data. After 3 enjoyable years at the firm, I decided to launch my second company called FetchXL to capitalize on this opportunity.
Fast forward a couple of years when my phone rang about moving to San Diego to help build a new investment group. My two companies were doing well and were requiring less and less of my time so I moved west, ironically, to help start West Partners. At West Partners I make investments in private companies, real estate and infrastructure for a wonderful family who sold their business in 2006.
That’s a long-winded autobiography but it’s these experiences that have shaped the way I approach investing in public companies.
Kapitall is the online finance platform for the next generation, where investing is as easy as drag, drop and trade. With an intuitive and playful user experience, Kapitall offers tools that make it easy to build virtual and real brokerage portfolios, share ideas and research stocks and funds.
RetailSails is a New York based research and consulting firm aiming to be the premier resource for fact-based insight and analysis covering the U.S. retail and consumer goods industries.
Through our sophisticated method of qualitative and quantitative analysis, we are able to provide our clients with a concise, compelling and insightful mosaic of this ever-changing space.
Mr. Frank J. Constantino, of Beckley, W.Va., is an educated private investor with 15 years of experience. Constantino follows the financial markets closely and provides opinion through Seeking Alpha. He was recently named in the "Who's Who of Wall Street" by Wall Street Economists for his opinion pieces. Mr. Constantino is not a financial advisor and does not provide financial advice. His articles represent his opinion through the eyes of a private investor and should not be taken as financial advice. You may contact Mr. Constantino at email@example.com.
I am an independent equity research analyst with a very heavy quant focus and hold an MBA degree in finance from a leading business school. During the day, I work as a finance and strategy manager in an IT major. Previously, I was part of the business strategy and corporate development team at a leading manufacturing company.
For my personal investments, I follow the GARP approach with contrarian tendencies. My investment decisions are made based on fundamental analysis and I believe in socially responsible investing.