GuruFocus released its July issue of Monthly Buffett Munger Best Bargains Newsletter. If you have missed this, go to http://www.gurufocus.com/newsletters.php
This newsletter will seek to find companies that have favorable long term prospects based on what Buffett and Munger "MIGHT" look for. We simply want to try to preemptively find those companies that Buffett and Munger could be buying right now.
By taking the Buffett Munger Screen, GuruFocus will attempt to find the best 2 stocks that
(1) Have at least 10 years of profit and book value growth
(2) Possess High Returns on both Equity and Total Capital
(3) Are priced with the highest current rate of return (yield)
(4) Have a favorable outlook going forward
Each month we will present up to 2 companies that we feel meet this criteria. These, in our opinion, will provide the very best opportunity for long term growth.
Remember, that Warren Buffett and Charlie Munger have followed the Ben Graham theory on investing in companies using a "business like" approach with some distinct differences.
Namely, Buffett, with the help of Munger, now focuses on the long term prospects of the business extending beyond just the fundamentals into the brand and management of the business. A great brand can withstand poor management, but very seldom does it work in reverse. Therefore, this newsletter will look at the company�s business model, history, management, and market in order to find the margin of safety and intrinsic value.
Also, since even good businesses can vanish if they lose their competitive advantage, this report will seek to find those companies that offer the highest current yield. Through this we feel the owner can earn the highest return with the least amount of risk.
Throughout the year, GuruFocus will present up to 2 companies that we feel meet this criteria each month to readers. If you are a Premium Member ($249/year) or a subscriber of this newsletter ($99/year), you can access this report free. If you are not a subscriber or Premium Member, we invite you for a 7-day Free Trial.
GuruFocus just released its first issue of Monthly Ben Graham Net Current Asset Bargains Newsletter .
In The Intelligent Investor, Benjamin Graham discussed the methods he used in his investment firm Graham Newman. One is them is what he called Net-Current-Asset (Or “Bargain”) issues.
Performance Update:
1. The five stocks recommended in the first issue of Net Current Asset Bargain Newsletter (June 1, 2009) have gained an average of 7%, while the market is down 4%.
2. The five stocks recommended in the first issue of Net Current Asset Bargain Newsletter (July 1, 2009) have gained an average of 0%, while the market is down 2%.
3. The stock recommended in the first issue of Buffett-Munger Best Bargain Newsletter (June 15, 2009) have declined an average of 13.8%, while the market is down 2%.
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