markets

The Essence of Valuation is Soundness Not Rate of Return: Part 1

Introduction on Stock Valuation When it comes to writing about investing in common stocks, my favorite theme typically revolves around valuation.  In fact, I once had a reader dub me “Mr. Valuation.”  Which, I might add was very flattering to me.  Moreover, in the context of discussing valuation, there are normally three concepts that are …

Answering the Question: When to Sell a Stock-Part 1A

Introduction I’m going to start this article with the same opening statement that I utilized in two previous articles I wrote on knowing when to sell a stock. The most common complaint that I have heard from investors over my 49+ years in the financial services industry is as follows: “Everyone wants to tell me …

The Retirement Dividend Growth Portfolio Concentrated Or Diversified: Part 3

Introduction This article is a refresh and an update of an article I originally posted in 2015.  However, the principles I am presenting are timeless and worthy of being revisited.  Moreover, I have updated the supporting examples to more precisely reflect our current market environment. Designing the common stock portion of your retirement portfolio is …

$CCL Carnival Corp.: Great Value Maybe Great Yield

Introduction At first glance, this company qualifies as both a blue-chip and a high-yield opportunity that is simultaneously deeply undervalued.  However, what we often see on the surface does not always reflect the deeper issues that may be lurking. From a business point of view, Carnival Corp. is cruising right along.  In contrast, price action …

$PRU Prudential Financial Inc. – Subscriber Request Series

Prudential Financial, Inc. engages in the provision of financial products and services including life insurance, annuities, mutual funds, and investment management to both individual and institutional customers. It operates through the following segments: U.S. Individual Solutions, U.S. Workplace Solutions, PGIM, International Insurance, Closed Block, and Corporate and Others. The U.S. Individual Solutions segment consists of …

$ALGN Align Technology Inc: Subscriber Request Series

Align Technology, Inc. engages in the manufacture, design, and marketing of global medical devices. It operates through the Clear Aligner, and Scanner and Services segments. The Clear Aligner segment consists of invisalign full, teen and assist products, and vivera retainers along with training and ancillary products for treating malocclusion. The Scanner and Services segment comprises …

Illinois Tool Works: An Exercise In Fair Value (ITW)

Illinois Tool Works, Inc. manufactures industrial products and equipment. It operates through the following segments: Automotive OEM, Test & Measurement and Electronics, Food Equipment, Polymers & Fluids, Welding, Construction Products, and Specialty Products. The Automotive OEM segment produces components and fasteners for automotive-related applications. The Test & Measurement and Electronics segment manufactures equipment, consumables, and …

Principles for Designing A Dividend Growth Portfolio for Retirement: Part 1

Introduction This article is a refresh and an update of an article I originally posted in 2015.  However, the principles I am presenting are timeless and worthy of being revisited.  Moreover, I have updated the supporting examples to more precisely reflect our current market environment. Managing an investment portfolio is a very personal matter. Consequently, …

Debunking the Growth Beats Value or Value Beats Growth Myths

Introduction The Value Beats Growth Or Vice Versa Myths  One of my greatest pet peeves as a long-time investment professional is the industries’ notion that stocks can be generally categorized into only two styles commonly referred to as growth investing or value investing.  These overly-vague notions about investing in stocks can even be seen in …