value

Alexion Pharmaceuticals: Growth At A Reasonable Price (GARP)

Introduction I find it very interesting that Alexion Pharmaceuticals Inc. (ALXN) after going public in 2001, did not generate their first profit until December 2008. As we all know, this was in the throes of what is now known as the Great Recession of 2008. Moreover, Alexion’s adjusted operating earnings have grown from $0.20 per …

I Love Bear Markets – Look at All the Value It Has Brought Us! Part 1

Introduction Although most investors hate bearish stock market activity, value investors – like yours truly -relish them.  Moreover, bearish market activity becomes especially welcome after extended periods of high valuation like we have been experiencing since calendar year 2014.  High valuations make it very difficult for value investors to find attractive common stock investments.  Consequently, …

The Most Important Stock Investment Lesson I Ever Learned

Introduction My investing career officially started in 1970.  However, for several years prior to that time I was an avid and interested student of common stock investing.  My initial lessons were taught by studying the behavior and practices of the most renowned stock investors.  Although these academic pursuits taught me a great deal, nothing taught …

When is the PEG Ratio Superior to the P/E Ratio? Part 2

Introduction Financial metrics such as P/E ratios, price to cash flow ratios, PEG ratios, price to sales ratios, price to book value, and many others, should be thought of as tools in the investor’s toolbox.  They can all be useful when appropriately utilized towards putting together a successful stock portfolio.  However, just as you wouldn’t …