Back in 2013, we wrote about all the errors and issues we discovered when attempting to use XBRL data for our models. In the past couple years, XBRL has definitely come a long way in terms of improving the quality of the data, but there’s a lot of work left to do.
What a year for the market in 2014! It was so good that it seems there is general consensus that 2015 cannot be very good. No longer does the market wonder “if” the Federal Reserve will raise rate.
Does this acquisition make sense for Staples?
It seems the noise surrounding a potential correction in the market is growing louder as each day passes. With the S&P 500, NASDAQ, and Dow Jones all reaching new highs almost daily, one has to wonder when (or if) a large downturn will occur. A correction often brings stock prices back to reality, creating the perfect entry point for you to buy excellent companies at reasonable prices.
What’s in store for the rest of the year?
Barron’s featured New Constructs for the eighth time this past weekend.
The vast majority of evidence suggests that P/E ratios are an unreliable way to measure the true value of stocks.
Gold prices are still on the rise as tensions in Ukraine and Iraq show no signs of slowing down. However, the precious white metal isn’t showing the same trend as gold’s prices.
Trading stocks sometimes feels like a very modern phenomenon, so it’s easy to forget that some of the companies we’re investing in go back a century or more.
Valeant has been guilty of some dubious assertions in its attempts to defend itself from claims that its business model is nothing more than a rollup scheme and that its stock is overvalued.
See recent articles from Barron’s that feature our diligence on individual stocks.
Icahn might be able to engineer a sale to DG or someone else that will earn himself and other shareholders a quick profit, but unlocking long-term value will be a much more difficult task.
Incentive plans that encourage executives to chase short-term growth at the expense of healthy capital allocation make this sort of irrational behavior not just possible, but inevitable.
Doing your own fundamental analysis can be hard work, but it is worth it. Listening to the buzz on Wall Street only tells you what has outperformed, doing your own research can tell you what will outperform.
After a few weeks of rumors, on Sunday AT&T (T) confirmed its $95/share offer for DirecTV (DTV). The deal will be part stock and part cash, and is expected to close within 12 months if the deal meets regulatory approval.
Last week, Facebook (FB) filed its second annual report as a publicly traded company, which allows us to initiate coverage. The company’s strong return on invested capital (ROIC) and profit growth offset the stock’s expensive valuation (~$70/share) to earn our Neutral rating.
The bull market received a bit of a scare last week as the S&P 500 fell almost 3%, the biggest single week loss since 2012. The market seems to have recovered this week, but a repeat of the 26% gain in 2013 doesn’t appear to be in the cards. Long-Term Bullish Last May I wrote…
Morningstar’s research can be helpful, but we believe our in-depth analysis of ETF and mutual fund holdings gives our ratings a superior predictive value, and results back up our claim.
Together with FA today we can help more investors protect their portfolios from blow-ups and get the diligence they need to fulfill fiduciary responsibilities and run their practices more efficiently.
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