| To: The Ox who wrote (2494) | 11/5/2012 1:40:23 PM | | From: bruwin | | | | I see EBIX went as low as about $15.40c today. It's since pulled back by about 21% to about $18.70c.
Well, ... in the last 2 years or so EBIX was hit by another operating "scandal". At that time it went from about $30 down to an initial low of about $20. It continued down to about $13.
From there it doubled up to about $26. From there it declined to about $16, only to rise again by nearly 60% to about $25.
So it seems that "Mr.Market" has exhibited very little consistency and apparent 'know-how' when it comes to true judgement regarding EBIX's business.
However, I guess we'll have to wait and see what the TRUE FACTS are about EBIX's accounting practices.
I would say that, ONCE AND FOR ALL, send in the Auditors, with impeccable credentials, and let them go through the books with a fine tooth comb. And let them report EXACTLY what they find. And let them do that as often as it's necessary.
If I was Raina that's what I would do. And if the Auditors find nothing untoward, then I would spend a fair amount of money advertising the facts, as the Auditors reported it.
I would also spend a fair amount of money getting competent lawyers to go after whoever needs going after, because if you're going to denigrate a company then you better be sure of your facts, and you better have those facts as well.
So let the chips fall where they may .... |
| | Fundamental Value Investing | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| To: The Ox who wrote (2495) | 11/6/2012 4:52:50 AM | | From: bruwin | | | | So far we've seen SLW play a major part in any capital gain of the SI Top 10 Portfolio (~22.5% Up). The other stock is JOY (~14.5% Up). Everything else is, currently, down.
Of course, it's early days, but that's how things stand.
JOY manufactures and services machinery for the mining of coal, copper, oil sands etc...
SLW, a "Silver Streaming" company, has the right to purchase all or a portion of the silver production, at a low fixed cost, from high-quality mines located in politically stable regions.
So far it seems that, currently, it's the mining and precious metals businesses that are keeping the Portfolio in the black. |
| | Fundamental Value Investing | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (1) |
|
| To: bruwin who wrote (2497) | 11/6/2012 10:10:18 AM | | From: The Ox | | | | The rest of the portfolio is much more geared towards a strong economic growth environment. I am a bit more bullish than the average investor these days in that I believe the future in the USA is not nearly as bleak as the press and the pundits would have you think. Here in the USA, we started from a dramatically low point in 2009. Progress has been slow but progress is being made. Many small business people I come into contact with are struggling and have seen little light at the end of the tunnel. At the same time, businesses (large and small) have become leaner and more efficiently run. This will help going forward but it is also a reason why progress is slow. Very few are taking any risks, preferring safe than sorry. Opportunity is out there and, eventually, more of it will appear.
jmo
TO |
| | Fundamental Value Investing | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| To: Brian Sullivan who wrote (2499) | 11/7/2012 12:31:49 AM | | From: bruwin | | | | Thanks for that nomination Brian.
Unfortunately, as Sergio pointed out, Phillips 66 (PSX) is a stock in Buffett’s holdings as per the link in (2) of the “Rules” ....
goo.gl
But please keep ‘em coming ! |
| | Fundamental Value Investing | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| To: bruwin who wrote (2426) | 11/7/2012 11:57:06 PM | | From: Sergio H | | | | | QCOM on earnings beat will find resistance at overhead gap between 62 and 63 but fundamentals will power it higher. I have a interest in QCOM and have not read the earnings report yet. |
| | Fundamental Value Investing | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (1) |
|
| To: Sergio H who wrote (2503) | 11/8/2012 4:50:01 AM | | From: bruwin | | | | Just had a quick look at several areas of QCOM's latest Annual and it looks quite positive.
Based on the last 12 months :-
Total Revenue up by ~28% from $14.957 bil. to $19.121 bil.
A very healthy 30% EBITDA Margin.
Bottom Line up by ~43% from $4.260 bil. to $ 6.109 bil.
EPS up by ~40% from $2.57 to $3.59.
A nice 15% Dividend increase from 81c to 93c.
No debt expense on the Income Statement.
So, as you say, it could very well be that "fundamentals will power it higher". |
| | Fundamental Value Investing | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (2) |
|
| To: bruwin who wrote (2504) | 11/8/2012 9:24:46 AM | | From: Sergio H | | | | The basic fundamentals or the story with QCOM is the other side of the coin from INTC. The latter is suffering from the shift away from PCs while the former is benefitting from the increasing popularity of wireless devices.
How about the $17 per share in cash. I wonder how much of that is overseas.
Will Obama initiate a tax program to bring home the huge cash stockpile that US companies has parked overseas? What would you do? |
| | Fundamental Value Investing | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (1) |
|
| |
