Market entering thrifty territory again
Message from the spurious statistics department: Median Long Term PE is 15 Assuming my median 10 year PE statistic tells is useful (there are plenty of objections to it, the [...]
Picking on the weak
No place for the feeble Below is the list of Thrifty 30 companies whose year ends have passed and I have yet to review. The reviews help me decide whether [...]
Wolseley’s template for recovery
Multiple investment personality syndrome The difficulty of operating two or three investment styles simultaneously, in my case net-net style bargains, thrifty looking turnarounds and nifty looking hidden champions, is that [...]
Turnarounds and champions
Chipping away at the blind spots This month’s Thrifty screen has dredged up a bunch of shares dependent on the moribund housing market and Jersey Electricity, which fascinates and frightens [...]
Gone fishing
Caught some tiddlers, throwing some back… Last month I included in the Nifty and Thrifty screens companies that reported their latest full year results more than four months before screening. [...]
Monthly update: continuously reducing risk
The Thrifty 30 moves sideways, the market moves all over the place Here’s the performance table: Here’s the performance chart: Here’s a familiar refrain: A neighbour commented this morning that [...]
Administration avoidance for investors
Those vexatious pre-packs I’m sceptical of the merits of pre-packaged administration, where the sale of a struggling business is arranged in advance of administration and executed almost immediately. The justification [...]
Necessity the mother of re-invention at Northamber
Not in the business of buying broken business models Northamber is making my brain ache because: After ten years in a highly competitive and declining market, wholesaling computers, components and [...]
A grinder not a gambler
Parallels in poker I’m a collector of companies that match two templates: Nifty and Thrifty (see this recent post for an explanation of the difference). Not all of these companies [...]
Victoria: Grinding out the profit
Neither Thrifty, nor Nifty, but cheap at the price The results are in from the long-term jury [here’s the spreadsheet], and as indicated in the comments on my first post [...]
Navigating the value investors’ conundrum
How can Graham and Greenblatt both be right? Some thoughts on Mark Carter’s algebraic illustration of Geoff Gannon’s ‘value investing paradox’. Profitability as it concerns shareholders is determined by dividing [...]
Victoria weathers disaster and depression
The value is tangible, not so sure about earning power Victoria makes and distributes carpets under the Victoria Carpets brand and others. Its biggest market is Australasia, which may have [...]
