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Thomas Macpherson  Thomas Macpherson

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  • PatientValueInvestor 2016-02-17 23:00
    Hi Tom-Just a note to tell you how much I enjoy and learn from your articles. My recent article (about Eaton Vance) was my first-ever article written and published on Gurufocus.com.  I hope to offer many more in the future to add to the community conversation. Anyway, if I ever publish an article and you have an extra moment, I would always appreciate any comment/insight you may have.  As an amateur just trying to do the best I can with investing, I have much to learn--so you ...
  • Grahamites 2015-08-10 21:46
    Tom I still need to figure out how to use gurufocus's personal space better. I noted your message and thanks for the nice words. I've only had 4 years experiences in value investing so I can guarantee you that you are much more experienced than I am. Maybe we can agree that learning is mutual. Best of wishes at Dorfman!Looking forward to more of your articles.
  • Robert Abbott 2015-06-08 16:42
    Thomas Macphers: Hi Bob. Thanks so much for your very kind note. First, let me say good luck on your new venture. I hope it is everything that will make you happy and
    Omaha sounds like a great idea. Best wishes, Bob
  • Robert Abbott 2015-06-07 19:38
    Hi Tom - I'm about to take a break from writing, with a temporary, full-time job for probably the next six to 12 months. As I withdraw for now, I wanted to let you know your encouraging comments and feedback have been appreciated very much. And your articles have been thought-provoking, including the recent one about moving into cash; it synchs with my own interest in downside protection tactics, with everything from simple stops to option collars. Anyway, keep up the good work; I'll keep readin ...
  • Thomas Macpherson 2015-05-01 07:20
    No problem my friend! I just wanted to hear your feedback and make my writing better. Thanks for your very kind words. My best wishes. Tom

» More Messages

All Thomas Macpherson's Activities

  • Thomas Macpherson commented on The Science of Hitting's article 06-28 14:47
    Why I Bought Moody's
    On Monday, I initiated a small position in Moody’s (MCO) common stock. I thought it would be worthwhile to put together a short article outlining...
    View all 1 comment
    Thomas Macpherson 06-28 15:47
    • Great article Science. I will have to take a look at the company. My impression of the company is obviously outdated after reading this. Best - Tom
  • Thomas Macpherson commented on Dr. Paul Price's article 06-27 12:58
    Theory Versus Reality
    The June 27 issue of Barron’s has done it again. With thousands of fund managers to pick from, columnist Leslie Norton chose to spotlight Bruce...
    View all 2 comments
    Thomas Macpherson 06-27 13:58
    • Paul. We need far more of these articles in our field. How Barron's can make such a recommendation is baffling and disturbing. Thanks for posting. Best - Tom 
  • Thomas Macpherson commented on Chris Gilbert's article 06-21 18:39
    Key Metrics: Return on Equity and Return on Invested Capital
    Continuing the key metrics series, we'll focus on two numbers: Return on Equity (ROE) and Return on Invested Capital (ROIC). I group these metrics...
    View all 1 comment
    Thomas Macpherson 06-21 19:39
    • Great article Chris. At the Nintai Charitable Trust we look for companies with 10 year ROE >15% and 10 year ROC > 15%. It narrows the list of available companies pretty quickly. Thanks again. Best - Tom
  • Thomas Macpherson commented on Thomas Macpherson's article 06-18 13:27
    Interviewing Management: Core Concepts
    “Good questions are often far more powerful than answers,” they argue. “Good questions challenge your thinking. They reframe and redefine the...
    View all 6 comments
    Thomas Macpherson 06-18 14:27
    • Hi Nelson. We didn't actually short QCOM. The Nintai Charitable Trust is long only. We sold the stock out of the portfolio because the response from investor relations was rude, demeaning, and unresponsive. I should note the we were on the fence due to the company taking on a significant amount of debt. Their reply was the final straw. For those that don't reply, we have the annual reports,10-K, and 8-K to go on. We also sweep our database for any presentations or speeches that might be helpful. We also use industry boards (like CafePharma) to get a view on employee issues. Hope this answers your questions. Best. - Tom
  • Thomas Macpherson commented on Thomas Macpherson's article 06-18 08:01
    Interviewing Management: Core Concepts
    “Good questions are often far more powerful than answers,” they argue. “Good questions challenge your thinking. They reframe and redefine the...
    View all 4 comments
    Thomas Macpherson 06-18 09:01
    • Hi Zejia. Thanks for your comment. I've found that if management is unwilling to discuss mistakes and their impact then they are unlikely to be growing as individuals. That doesn't mean that every holding in the Nintai portfolio has shared their thoughts. Some have done so such as Fastenal (FAST). What we won't put up with are wholly negative comments such as what we received from Qualcomm (QCOM). We sold the stock shortly after receiving their reply. As for compensation we don't look for specific numbers but answers to our broader questions. Several of our holdings had us talk to the BoD for greater details while others spoke to us directly. Again, we won't invest in a company that disparages or belittles the fact we think this matters. Hope this addresses your comment. Thanks again. Best - Tom   
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