Category Archives: Analysis

Dell Inc: Not So Fast Mr. Dell

There is a good live case study at csinvesting on the Dell Inc. (NASDAQ:DELL) private buyout being led by the founder Michael Dell and private equity firm Silver Lake Partners. The big question is whether the consortium’s bid of $24.4 … Continue reading

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Heartland Payment Systems, Inc: The Pipes in the Fight Against Cash

The Value Guys are two veteran Wall Street analysts that produce a podcast of their candid stock picks every week.  Using screens to cull through a list of stocks, The Value Guys narrow the list to three or four stock … Continue reading

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Models are Only as Good as Their Formulas

While I was brushing my teeth last night I thought about the discounted cash flow model that I used to value the high-tech HVAC company discussed in the last post.  I had the feeling something was wrong.  I asked myself, … Continue reading

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This Business Might be Worth More than $6.2 Million but I Wouldn’t Pay Up

John Chew over at csinvesting, a fun blog focused on Intensive investing education through case studies, posted a link to The New York Times You’re the Boss blog that makes for an interesting valuation case study.   The blog post, … Continue reading

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McKesson Corporation: Good Company, Fair Investment

Valuation In my previous analysis, I determined McKesson Corporation (NYSE:MCK) to be a solid and well run company with some competitive advantage.  That is not enough to make an investment.  As a value investor, I have to see a discount … Continue reading

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McKesson Corporation: There is Money in being a Drug Dealer, I mean Drug Distributor

For the first time in their history, The Value Guys used momentum as part of their screen for their Good Fundamentals/Good Momentum Edition.  They started with the fundamental factors of sales growth greater than the industry, operating margin greater than the … Continue reading

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Deliberate Practice: Wal-Mart 1990 Follow-Up

Wal-Mart in 1988 Rayneman at Unreasonable Returns made a good point that it looks like it was more likely that Warren Buffett was purchasing Wal-Mart (NYSE: WMT) in late 1987 based on the U.S. News article that Whopper referenced in … Continue reading

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Deliberate Practice: Wal-Mart 1990

This week’s deliberate practice challenge from Whopper Investments was Wal-Mart (NYSE:WMT) in 1990.  As Whopper explains, legendary investor Warren Buffett began buying shares of WMT sometime around 1990 with the intention of purchasing 100 million shares of the company.  Buffett disclosed years … Continue reading

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Deliberate Practice: McDonald’s 2005 Follow-Up

While I did peak at Bill Ackman’s Burger King presentation while doing the McDonald’s (NYSE:MCD) deliberate practice, I did not peak forward to the section on McDonald’s in Ackman’s profile in the recently published book The Alpha Masters by Maneet … Continue reading

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Deliberate Practice: McDonald’s 2005

This week’s deliberate practice challenge from Whopper Investments was McDonald’s (NYSE:MCD) in 2005.  Well known value investor Bill Ackman of Pershing Square took a large and successful position in MCD in 2005.  The challenge was to analyze and value MCD … Continue reading

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