Category: Stock Valuation
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Dream Finders Homes, INC: A Home Builder with a Competitive Advantage
DFH is a home builder that utilizes an asset-light business model which is very similar to NVR, written up perfectly by charlie479 in June 2001. Like NVR in 2001 stock offers competitive advantages and growth opportunities at an attractive price. – Since 2008 DFH has compounded shareholder equity, earnings, and revenue by 40% annually. DFH…
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Hurco Companies Inc: A Modern Cigar Butt
NASDAQ: HURC Date 11-14-24 Price: 21.91 HURC trades below its liquidation (net current asset) value. It is closer to the bottom of its cycle than its top, with capable and shareholder aligned management taking steps to navigate the bottom of the cycle, taking steps to address customer needs and manage costs. HURC’s latest 10-Q published…
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Reddit: Investors are Overoptimistic on Execution
Date: 11/3/24 I work in digital marketing so most of FAANG is in my wheelhouse. I am a performance based marketer, so I am always looking for performance from ads which either entails better targeting or finding undervalued channels. I last tested ads on reddit in July of 2024, and the performance was abysmal, poor…
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Case Study: Northern Pipe Line Corporation
I have learned the most about investing by looking at the great investments of the past. As Newton recognized, “we stand on the shoulders of giants.” And I think naturally, we would prefer to learn from those who have done great things, rather than average things. This is my first case study in that vein.…
