GuruFocus publishes three monthly newsletters. These newsletters are included features for Premium Members. Among these newsletters, Ben Graham: Net-Net Newsletter is released on the first Friday of each month. The Buffett-Munger Best Bargains Newsletter is on the second Fridays of each month, and the Micro-Cap Magic Formula Newsletter is on the third Friday of each month.
The Ben Graham: Net-Net Newsletter’s April pick is one of the most consistently profitable net-nets on the planet.
This month’s pick:
· Has been profitable for 17 straight years
· Has paid a large special dividend every other year for the last 6 years
· Provided its shareholders with a total return of 15% a year over the last 15 years
· Is once again sitting on a big pile of cash
The main attraction of this stock is its past profitability:
· Today’s price is less than 8 times the company’s 17-year average earnings per share
· The company’s ROI has averaged 28% a year over the last 17 years
· Over the last 6 years, the company has returned all its earnings to shareholders
In short: it has been profitable for 17 straight years. It paid special dividends in 2006, 2008, and 2010 that together total more than 150% of today’s stock price. Net cash equals 43% of the stock price. And 21% of the company’s shares are in the hands of a modern day Ben Graham style fund manager.
“It always seemed, and still seems, ridiculously simple to say that if one can acquire a diversified group of stocks at a price less than the applicable net current assets alone...the results should be quite satisfactory. They were so, in our experience, for more than 30 years- Ben GrahamWhat’s a Net-Net?
A net current asset value bargain—or net-net—is a stock selling for less than the value of its current assets—cash, receivables, and inventory—minus all liabilities. Basically, it’s a stock selling for less than its liquidation value.
What’s the Ben Graham: Net-Net Newsletter?
GuruFocus’s Ben Graham: Net-Net Newsletter is written by Geoff Gannon. It picks one new net-net every month. The newsletter goes out to subscribers on the first Friday of the month. On the following Monday morning, Geoff puts in an order to buy that stock with his own money. The Ben Graham: Net-Net Newsletter’s model portfolio is a real brokerage account. Subscribers get to see the exact contents of that brokerage account at all times. And they learn what stock the portfolio is going to buy more than 48 hours before that buy order is place.
So, get your copy of the Ben Graham: Net-Net Newsletter today.
All the monthly newsletters are included in GuruFocus Premium Membership. If you are not a Premium Member, we invite you for a 7-day Free Trial.
The Ben Graham: Net-Net Newsletter’s April pick is one of the most consistently profitable net-nets on the planet.
This month’s pick:
· Has been profitable for 17 straight years
· Has paid a large special dividend every other year for the last 6 years
· Provided its shareholders with a total return of 15% a year over the last 15 years
· Is once again sitting on a big pile of cash
The main attraction of this stock is its past profitability:
· Today’s price is less than 8 times the company’s 17-year average earnings per share
· The company’s ROI has averaged 28% a year over the last 17 years
· Over the last 6 years, the company has returned all its earnings to shareholders
In short: it has been profitable for 17 straight years. It paid special dividends in 2006, 2008, and 2010 that together total more than 150% of today’s stock price. Net cash equals 43% of the stock price. And 21% of the company’s shares are in the hands of a modern day Ben Graham style fund manager.
“It always seemed, and still seems, ridiculously simple to say that if one can acquire a diversified group of stocks at a price less than the applicable net current assets alone...the results should be quite satisfactory. They were so, in our experience, for more than 30 years- Ben GrahamWhat’s a Net-Net?
A net current asset value bargain—or net-net—is a stock selling for less than the value of its current assets—cash, receivables, and inventory—minus all liabilities. Basically, it’s a stock selling for less than its liquidation value.
What’s the Ben Graham: Net-Net Newsletter?
GuruFocus’s Ben Graham: Net-Net Newsletter is written by Geoff Gannon. It picks one new net-net every month. The newsletter goes out to subscribers on the first Friday of the month. On the following Monday morning, Geoff puts in an order to buy that stock with his own money. The Ben Graham: Net-Net Newsletter’s model portfolio is a real brokerage account. Subscribers get to see the exact contents of that brokerage account at all times. And they learn what stock the portfolio is going to buy more than 48 hours before that buy order is place.
So, get your copy of the Ben Graham: Net-Net Newsletter today.
All the monthly newsletters are included in GuruFocus Premium Membership. If you are not a Premium Member, we invite you for a 7-day Free Trial.
