I have finally found another company to do a full research article on and will have it up as soon as possible. I am still doing research and waiting for its next quarterly results to come out this week so I can value the company with updated numbers so it will probably a little while until I write the article up. Up to this point the company looks promising and as of its last quarterly results that came out in June, it is selling for less than the reproduction value of its assets, with about 50% of its value coming from cash and short term investments, and no debt.
CSinvesting update as John has now moved the blog over to csinvesting.org and the blog is up and running. It also looks like the blog is going to become more focused on investing as well.
DoubleLine Capital Valuation Hint from the Brooklyn Investor’s blog. This article, and the corresponding link at the top of the page to his previous discussion on DoubleLine, talks about things to look for when valuing financial companies.
Leon Cooperman on how to get a job at his Omega Advisors
This first link is an 3 minute interview with Leon Cooperman and what he looks for when hiring at his hedge fund Omega Advisors. Looks like I fit his 3 criteria for being considered for employment at OA.
Bill Gross on the US economy
Bill Gross runs PIMCO, the world’s largest mutual fund company. In the article he gives reasons, and his opinions on why he think the US economy is headed for another recession.
Roundup of the best articles from the past few weeks by the CFA Institute
Finding companies that are undervalued and have a moat, or competitive advantage, is a winning combination for value investors. Determining if a company has a moat can be difficult, and finding a company that has a long term competitive advantage can be even harder. Here is an article from morningstar.com that talks about moats, and gives you some examples so that we can learn how to spot them.
Vivendi having problems finding buyers for Activison Blizzard
I have thought for a while now that Vivendi would have difficulty finding a buyer for Activision Blizzard, this article only confirms my suspicions. So far it looks like Microsoft and Disney have said no to buying ATVI. If they cannot find a buyer, then they will either sell the shares on the open market or do some kind of spin off of ATVI.