4 – For Chocolate Lovers…

Reading: WSJ business online Interesting: At Mars Inc, ‘Fun Size’ Chocolate and Right-Size Conglomerate – For chocolate lovers… long-term benefits of private ownership, including expansion through new US facility (and some cool in-factory pics). Cigna Raises Outlook As Results Exceed Expectations – Health insurer growth in Commercial business (fees and premiums in global health-care unit); despite falls …

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3 – Hep C Drug Sales

Reading: WSJ business online Interesting: Sales of Gilead’s Pricey Hepatitis Drug Slows – Hepatitis affects 3 million Americans: serious growth opportunity but new treatments expensive. Sales of Gilead’s Hep C drug, Sovaldi – nearly $9 billion since Dec launch, slow as physicians await to prescribe newer Harvoni, approved this month. St Croix Moves to ReOpen Oil …

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2 – Share Buybacks

Reading: WSJ Business section Interesting: Buybacks Can Juice Per-Share Profit – buybacks can be good when there is underlying revenue growth as a way to return cash to shareholders and increase EPS; but watch-out when motivation is primarily to boost executive pay. Gas at $3 Carries Rewards- and Risks – oil price fallen to $80 per barrel, …

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Day 1 – The Start

Reading: WSJ business section. Interesting article: Happy Helpers or Too Many Cooks? Burger King struggles to get “field coach” support right – how frequent and what level of support is right for franchisees? And, franchise companies are more profitable than capital intensive equivalents (e.g. BK not owning restaurants), but challenge is to maintain the brand. …

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Do You Use A GARP Checklist?

Readers of this blog will know I’m a big fan of using investor checklists. This is after reading Atul Gawande’s book, The Checklist Manifesto.  In it he describes several professional environments in which checklists are used to create strongly positive outcomes. Diverse applications include: building skyscrapers, flying commercial airliners safely, running a top restaurant or …

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6 Useful Categories of Stocks

When searching for GARP and ten-bagger opportunities, it’s worth using a mental framework to categorize any stock into. This is something Lynch described in his book One Up On Wall Street. A couple of considerations before categorizing your stocks: Small companies can make bigger moves than larger companies, all else being equal. For a large …

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What’s Your Focus?

This post is the first after taking a one month break from writing to subscribers. The time off has been helpful to consider where this blog has been and where to take it going forwards. Historically, articles have been about reaching financial freedom through saving, general value investing strategies and philosophy, interspersed with occasional posts …

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5 Reasons You Should Keep Cash

One of the biggest advantages of being a small private investor over professional investors, such as investment and mutual funds, is flexibility. A professional fund, often called institutional money, is usually set up according to a mandate. This may specify the investment style it will focus on, size, geography, sector, stage and other factors. Overarching …

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