Logica Capital commentary for the month ended April 30, 2023. Summary Relative to the 1.5% gain for the S&P 500, implied volatility got disproportionately whacked in April, resulting in a fierce headwind for Logica’s strategies (as well as the naïve straddle benchmarks). To give some perspective, the “rule of thumb” historical norm… Continue reading Logica Capital April 2023 Commentary

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If I were only able to analyze a single metric before investing in a company it would be ROIC (Return on Invested Capital). Fundamentally, a company creates value by taking capital from investors (both debt and equity) to generate cash flows in the future. A company only creates value to… Continue reading Return on Invested Capital: One Metric To Rule Them All

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Crescat Capital commentary for the month ended April 30, 2023, titled, “Whistling Past The Graveyard.” US policymakers continue to act as if they have the stability of the financial system, the economy, and consumer prices under control. Instead, their ongoing deficit spending and debt monetization since the 2008 crisis have… Continue reading Crescat Capital: Whistling Past The Graveyard

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My first trip to the Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) annual meeting in Omaha was over 20 years ago, in 2002. I was a rookie analyst at Fidelity Investments, and the firm sent a whole contingent of analysts and portfolio managers for the annual pilgrimage. It was quite an initiation into… Continue reading The Cult Of Warren Buffett

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Hidden Value Stocks issue for the first quarter ended March 31, 2023, featuring Lowell Capital Value Partners’ investment idea: Sylvamo (NYSE:SLVM). Also, an interview with Buckley Capital Partners’ Managing Partner, Zack Buckley. Lowell Capital’s Investment Idea Lowell Capital has not featured in Hidden Value Stocks in the past, but the… Continue reading HVS 1Q23: Lowell Capital On Sylvamo

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Logica Capital commentary for the month ended March 31, 2023. Summary Markets/factors continued to diverge further in March, with the Nasdaq 100 Index gaining +9.46%, while the Russell 2000 fell -4.98%, in part due to failures of Silicon Valley Bank and Signature Bank. Through the end of Q1, we saw… Continue reading Logica Capital March 2023 Commentary

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ValueWalk will be covering the London Value Investor Conference which will take place on Thursday 18th May 2023 in Westminster. The speaker line-up includes David Einhorn, Bill Smead, Ben Inker, Howard Marks, C.T. Fitzpatrick, Henry Engelhardt and 8 others speakers. If you want to attend the London Value Investor Conference… Continue reading London Value Investor Conference 2023 Features Marks, Einhorn, Inker And Much More

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Owning shares of Berkshire Hathaway stock is a way for investors to gain exposure to many of Warren Buffett’s favorite stocks. A key driver of the company’s overall performance is its insurance business, which allows it to put the float it receives from policyholders to work in the market. With… Continue reading The Most Important Warren Buffett Stock for Investors: His Own

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Last week, the markets were hit with more market-crushing news: Credit Suisse was under pressure when its top backer Saudi National Bank told reporters that they could not offer additional investment to the bank due to potential regulatory issues. This snowballed and led to Credit Suisse being acquired by UBS… Continue reading Bottom Picking With The Following 10 Dividend Elites

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What makes a retail business successful? Indeed, how do we measure the success of such a company? Profitability, margins, sales per store? Returns on capital? The number of stores the business operates out of or their geographical presence? Staff retention and company culture? Customer loyalty? You could successfully argue that… Continue reading Learning From Helzberg Diamond’s Barnett Helzberg Jnr

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