Posts
Is FICO finally undervalued now or it's still a value trap?
The stock is down 20% today due to VantageScore 4.0, the Mortgage Credit Score, Now FHFA Approved for All Lenders Originating Fannie Mae and Freddie Mac Mortgage Loans. VantageScore 4.0 Responsibly Expands the Mortgage Market by Identifying More Qualified Borrowers for Homeownership VantageScore 4.0 is More Predictive Because it Uses …
184 of Korea's 500 largest listed companies trade below book value. I don't think it's one bargain bin.
I read Korean regulatory filings (DART) every day for a project, and this week I ran the numbers on the 500 largest companies on KOSPI and KOSDAQ, using their latest filed balance sheets and the September 4 close. I knew Korea was cheap. The distribution still surprised me. Of the …
Why I Think the Market Is Wrong About Copart (CPRT)
I spent part of this week and last week researching the best candidate for my next analysis after finalizing OCL.AX. To speed up the process, which historically ate up hours that could have been better spent actually analyzing businesses, I developed a quantitative scoring system. The shortlisted companies were **Fair …
Omni Bridgeway – A Quality Legal-Assets Platform At A Sector-Reset Price
# The thesis **Omni Bridgeway (**[**ASX: OBL**](https://www.livewiremarkets.com/stock_codes/asx-obl)**)** is, in my view, the most compelling listed way to gain exposure to legal finance – a high-returning, largely uncorrelated legal-assets class – through a capital-light funds-management platform rather than a leveraged balance-sheet model. There has been a recent sector reset which should …
Bumble's case for deep value
Bumble (BMBL) is incredibly cheap. I'm getting $297M in net debt plus a $444M market cap = $741M enterprise value. Last year's EBITDA was $313M, for an egregiously low EV/EBITDA of below 3.0. The bottom line is stable over the first two quarters of 2026. H1 2026 was $155.5 million …
What do you guys think of the beer industry?
Specifically looking at STZ. $22 billion market cap. Near 52 week lows. They are the 3rd largest beer maker in the US, behind Inbev (BUD) and Molson/Coors (TAP). They do own limited wine and spirits brands as well (notably Robert Mondavi and 19 crimes wine, Svedka vodka, and High West …
Graham "Cigar Butts" for Small Portfolio?
Buffett transition from Graham's "cigar butt" buy-and-sell strategy to Munger's great-companies-at-fair-price moat strategy. But the reason he did this was due to SCALE. As a small investor with a tax-free account, I wonder if the Graham strategy makes more sense? Buffett's HIGHEST returns came from this early days using pure …
Another Leadership Shakeup at Adobe
Adobe has finally concluded the CEO search. Anil Chakravarthy, president of Adobe’s Customer Experience Orchestration business and worldwide field operations, will become Adobe’s next president and CEO and join the Board of Directors on December 1, 2026. Shantanu Narayen will transition to executive chair. Chakravarthy joined Adobe nearly seven years …
Real output, not market price
Does anyone else build spreadsheets for their portfolio where they count their companies' output and future output, not the current market price of their portfolio? It feels a lot more reassuring when you know you own XX barrels of oil a year or XX ounces of gold a year. Market …
Microsoft changes its reporting to reflect better cloud/ai reporting - marketwatch
***( tldr:*** *While Google is getting alot of news, this company has a 4T market cap and is seeing its sales accelerate. Now it is Changing how it reports cloud/ai to investors.)* **This subtle Microsoft change could be a big win for investors** The tech giant is altering how it …