Classic comments on valuation and, in particular, Discounted Cash Flow, by John Hempton (at Bronte Capital), back in 2017: >"Proper valuations are far more art than science. DCF valuations - especially of something growing near or above the discount rate …
Last week’s notable buyback names: * EquipmentShare (EQPT): authorized a $500M buyback and raised 2026 guidance. Stock moved +16.56% after-hours. This is the strongest signal of the group because the repurchase came with better revenue, rental revenue, and EBITDA expectations. …
Where does it start? Where does it end? Where does it fork? Which layers compound value, and which get commoditized? Who owns the fulcrum assets that pivot the rest of the stack? Every era of computing has been won by …
**Note**, the excerpt comes from the 2nd book in the “Money Masters”series. John Train interviews and sometimes even invests his clients monies with these masters. This book came out in ‘89. **Note**: John Neff is often called the Value investors’ …
Hi Bros! I am 30 years old and recently got into investing. So I work as an engineer and have a busy job but I started to follow news related to finance, valuations of some comapnies etc and its all …
The longer I invest, the bigger the pot gets. My portfolio is currently at 400% of my initial investment, which means any win or loss is now four times larger than it used to be. Because of this, I am …
Just want to preface this by saying that this is my personal view of the current market and that I would be happy to hear you thoughts on what you think is coming next. The AI trade appears to be …
How can I understand how much money is getting generated from an investment a company just made? Talking about how to read and interpret that from quarterly reports. Any real examples?
Anyone got a stock like Travelzoo (TZOO) that’s been buying back like 15% of its shares in the last 18 months? Show me one and I’ll probably buy it too 😂 TZOO’s been going hard — repurchased a ton in …
\*\* This is primarily an issue for businesses that are headquartered somewhere other than the US (note: it does apply to some US-listed businesses, that are headquartered elsewhere). If you are confident you don’t/won’t own any, you can save yourself …