My Purchases Over The Past Six Months
September 30, 2018
Make equity great again
The case of L Brands, Inc.
You know something is strange when a profitable business reports a deficit in equity. Take L Brands, Inc. (LB on the big board), the American fashion retailer. Between 2008 and 2017, the company profited a total of $9.3 billion. Its yearly profits ranged from as low as $220 million (in 2008) to as high as $1.2 billion (in 2015).
November 9, 2018
An update on ARC Document Solutions
And the stock market's answer to greatest question of them all
The Voting Machine finds reasons for value in other places than the reported financial statements. The Voting Machine looks at growth projections or whether a company is winning a popularity contest by Wall Street analysts. And there are other psychological factors such as investors who are now buying ARC simply because they believe that other investors will buy ARC from them at a higher price.
September 22, 2018
The rear mirror is always clearer than the windshield
Orchid Paper's right side of the balance sheet
I was not expecting to hear much of Orchid after I bought its shares. Founded in 1976, the company operates in the somewhat monotonous world of parent roll industry, which is to say it converts fabrics to the stuff we use when we sneeze or go to the restroom.
August 17, 2018
Why I am long probiotics
As I was reading how antibiotic medicine kills these essential micro organisms, Lifeway Foods, a company that fights the war against the modern diet, had appeared on the list of the companies that are trading at a 52-week low. A serendipitous encounter, I thought to myself and downloaded Lifeway Foods’ most recent public filings. I was intrigued to find out more about the company and why the stock price had recently halved in price.
August 31, 2018
A quality product. But shareholders should be wary of the debt level
Dear management of Tupperware, I could not believe that your ticker symbol appeared on the list of stocks that traded at a 52-week low. It is known that Tupperware is a company that is selling a $20 product that costs $2 to make. That Tupperware generates plenty of cash flow. That it has a remarkable method to sell its products through home parties. And that the company needs to invest very little capital expenditure to maintain its operations.