Author Archives: Marcel
RIP Readers Digest
http://www.fitchratings.com/gws/en/fitchwire/fitchwirearticle/Recovery-for-Secured?pr_id=783427&cm_mmc=ExactTarget-_-Email-_-LM_FW_NA_NYC_FDIC_2013Feb19-_-0000 Recovery for Secured Lenders after Readers Digest Filing Fitch Ratings-New York-19 February 2013: The Readers Digest Association is the latest company to file a second Chapter 11 bankruptcy petition, commonly referred to as a Chapter 22. The terms of …
Warren Buffett buys Heinz
http://uk.finance.yahoo.com/news/ketchup-maker-heinz-sold-18bn-132158571.html The baked beans and ketchup maker HJ Heinz has agreed to a takeover worth $28bn (£18bn) in a move that could potentially effect thousands of UK workers. An investment consortium, which includes billionaire investor Warren Buffett, is behind the …
My Two Favourite Investment Techniques
Living the life of a full time investor is great. Currently I am sitting here in a play area for kids with my laptop whilst my eldest two boys are running around like madmen. We just had some pizza and …
How to Calculate a Companies Market Capitalisation
A company’s market capitalisation (market cap) is the value of the company at which it trades on the stock market. Generally companies are divided between micro caps ( up to GBP 10m in value ), small caps ( GBP 10m …
My Favourite Share: Gable Holdings ( GAH.L )
It is no secret to Market-Swings clients that Gable Holdings has been my favourite share for some time. Gable is a European non-life insurance company underwriting a comprehensive range of specialist policies for the commercial sectors in the UK, France, …
Should I Buy Bank of Ireland Shares ?
Should I buy Bank of Ireland shares is still a question in the minds of many people. Investors, both clients and non-clients, ask for my opinion on BOI several times a week. As such I will cover Bank of Ireland …
Market-Swings Update ( plus excellent buy tactic )
First of all I would like to wish everyone a belated happy 2013! Market-Swings is certainly going strong hence the lack of time to post here. I have been busy meeting private investors ‘in the flesh’ as it were and …
Benjamin Graham Lecture #4
I find one of the students presents me with a question which I shall be glad to answer for his benefit and for the benefit of the class. He quotes a statement made in “Security Analysis,” page 691, which ways, …
Benjamin Graham Lecture #5
As a preliminary perhaps I might answer any questions that are in your mind growing out of the last lecture, which ended rather precipitously. Does anyone have anything on his mind? We were discussing the Childs’ valuation by the Securities …
Benjamin Graham Lecture #3
Now there is one other item that came to my attention a few days ago which has a bearing on war accounting and that is a reference to what is known as “Lifo,” which means last in, first out. I …