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462 Reads
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June 28, 2010
Shares outstanding (fully diluted): 8.4 million.Market Cap: $105.4 million.2009 EBIT: $22.69 million2009 EBITDA: $30.85 million2009 P/E (adjusted): 6.4X2010 forecast (adjusted) P/E: 5.1XThe life insurance industry actively sought out risk in...
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306 Reads
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2 Comments
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May 7, 2010
All estimates are solely that of the author, and will differ materially from published analyst estimates. All values are, unless specified otherwise, noted in US dollars. Enterprise value is calculated using net current cash - total liabilities, and will, therefore, differ from conventional analyst ratios. Opinions are solely that of the author and are written for the purpose of...
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275 Reads
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April 1, 2010
Ticker Share Price Shares Held Share Price Div. Paid Return for Quarter...
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265 Reads
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January 13, 2010
All views contained herein are solely that of the author, and will differ materially from published analyst reports. Unless stated otherwise, all figures are reported in US dollars, and are converted from Mexican Pesos or Euros at exchange rates determined on January 13th, 2010. The article is produced solely for the edification of the author, and is not to be construed as a recommendation...
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215 Reads
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January 1, 2010
The portfolio is priced in US dollars. Where applicable, shares traded on foreign exchanges are converted to US dollars, based upon currency valuations established on 31/12/09. Personal observations and forecasts are solely that of the author, and will almost always materially differ from commonly held views of analysts and the majority of the investing public...
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229 Reads
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December 5, 2009
On September 16th, 2009, the blog model portfolio profiled Companhia Brasileira De Distribucio (CBD), Brazil’s leading food retailer, and elected to invest in a position for the portfolio. I opted to overweight my portfolio in Brazilian securities on the basis of my macro overview of Brazil and its growing importance in the global economy. I selected CBD as a vehicle due to its dominant...
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389 Reads
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November 2, 2009
"When experience is not retained, infancy is perpetual. Those who cannot remember the past are doomed to repeat it” (George Santayana). Does the technical end of the US recession equal a near term bull market?To answer that question, perhaps we should compare the current US recession to the previous recession.According to the National Bureau of Economic Research, the US last experienced a...
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232 Reads
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October 26, 2009
Today, the blog model portfolio removes the remaining 15,000 shares position in Neo Material Technologies (NEM-TSX, $3.70 Canadian). Net of commision and exchange ($1 Canadian buys $.94 US with exchange), the sale provides cash of $52,070 US for reinvestment.Two articles ago, I noted that the United States represented an economy that appeared to be past the plateau of a generational secular...