Buying IVE For The Long Term

So you "get" value investing. You understand the concept of buying stocks when they are unloved and therefore cheap based on metrics such as P/E and P/B, as you realize that such stocks tend to outperform over time. But you don't have the time to constantly screen and then investigate the latest value ideas. So why not invest in an ETF like the S&P 500 Index Fund (IVE)? Read more...

The Little Book That Builds Wealth: Chapter 9

Morningstar's equity research director authored this book on identifying companies with competitive advantages. Dorsey separates competitive advantages into four categories, providing a framework for understanding how wide a moat a company really has. The book is full of examples of companies Dorsey believes have moats, and the reasons why their moats are likely to last - or not!

The Little Book That Builds Wealth: Chapter 8

Morningstar's equity research director authored this book on identifying companies with competitive advantages. Dorsey separates competitive advantages into four categories, providing a framework for understanding how wide a moat a company really has. The book is full of examples of companies Dorsey believes have moats, and the reasons why their moats are likely to last - or not!

Telus Something We WANT To Hear

Dual-class share structures have been discussed on this site as something to be wary of as a shareholder. But in what appears to be a role reversal, one management team recently tried to eliminate its dual-class share structure only to be thwarted by shareholders! The media has portrayed this saga a certain way: Telus Fights For Equality And World Peace (okay, I added the "World Peace" myself).

So you've got the antagonistic, profit-hungry hedge fund from New York ("Why, this stuff's made in NEW YORK CITY???") trying to block a local company's altruistic attempt at improving its corporate governance. But a closer examination of Telus tells us what's really happening.

Clubbing With Energy

I know at least some of you have an interest in joining the Value Investors Club, because readers have periodically asked for my advice on how to join. I'm not a member, nor have I ever applied, but that doesn't mean I can't help!

Frequent commenter "aagold" informed me that he was accepted into the club yesterday, thanks to this write-up. Potential candidates should check it out (apply online)! Even for those not interested in joining the club, however, the write-up may still offer you a potential buying opportunity for your own portfolio.

InfoSonics: More Net-Net Asymmetry

InfoSonics has already shown up on this site on the Value In Action page, but its recent price action (as pointed out by a commenter on this post) demonstrates what it is we value investors love about stocks trading at discounts to their net current asset values.

GTSI Rockets Upward

Investors who frequent the value blogosphere will undoubtedly have seen GTSI Corp (GTSI) come up frequently as an undervalued stock. To my knowledge, it was first brought up at Frankly Speaking in 2010 (and subsequently appeared on that site a number of times), then discussed right here as a Stock Idea in May of 2011, subsequently showed up in a paid newsletter a week later, and finally was featured in August (in the first of many) over at Burger King Whopper Investments*.

Yesterday, the stock rocketed up almost 50% on a buyout offer, giving all of these guys something to cheer about.