Reminiscences of a Stock Operator was originally written in 1922 as a first-person fictional account, but is now generally accepted as the biography of stock market whiz Jesse Livermore. The book is recommended to traders and...
Read MoreYesterday, GameStop (GME) shares fell more than 8% after the company missed expectations by a penny and guided earnings estimates lower for its 3rd quarter. A variety of factors appear to be coalescing in the short-term to push...
Read MoreFinancial statements can often use context. While the statements themselves can tell you that margins have changed, or that a balance sheet account has increased/decreased disproportionately, they can’t tell you why. To...
Read MoreI often get asked if I see value in some banks at these price levels. Some value investors purport to be able to value banks. Some may actually be able to, while others may only think they are able to. For the average retail...
Read MoreAs value investors, we are trained to look at the “Goodwill” and “Intangibles” lines on a company’s balance sheet with great skepticism. After all, these supposed company assets are not hard assets...
Read MoreOn Tuesday of last week, market negativity was pushing most stocks down. Quietly, however, Addvantage Technologies (AEY) released results that pushed its share price up 10% during the day. This price move also resulted in a 60%...
Read MoreReminiscences of a Stock Operator was originally written in 1922 as a first-person fictional account, but is now generally accepted as the biography of stock market whiz Jesse Livermore. The book is recommended to traders and...
Read MoreReminiscences of a Stock Operator was originally written in 1922 as a first-person fictional account, but is now generally accepted as the biography of stock market whiz Jesse Livermore. The book is recommended to traders and...
Read MoreA company that burns through its cash makes for a dangerous investment, even if it appears cheap on an asset basis. But a declining cash balance does not mean a company is burning through cash. Investors have to look further...
Read MoreInvestments in individual companies can often be divided into two different types: asset plays and earnings plays. In an asset play, the investor believes the current share price is below what the company’s assets are...
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