September 10, 2008 by Joe Ponzio

On August 20, 2008, I was interviewed on WBBM-AM’s Noon Business Hour here in Chicago. If you have been through the site, you won’t find too much new here. We discuss Graham Corporation, Nutrisystem, Apple, Starbucks, and the overall markets and investing. You can listen to the 5 minute 13…

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September 10, 2008 by Joe Ponzio

If you have been following F Wall Street for a while, you’ll remember that I went to the Pabrai Funds annual meeting last year. Mohnish Pabrai runs an Early Buffett partnership – no management fee, just a performance fee of 25% of annual profits above 6%. While he’s been getting…

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August 26, 2008 by Joe Ponzio

Sorry folks. The database that holds the site’s comments is currently down which is why no comments are displayed and why you can’t post anything. I hope it will be up again ASAP. Thanks for your patience.

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August 21, 2008 by Joe Ponzio

We’ve been having a little discussion over on this post about the original purchase, current state, and future prospects of American Eagle Outfitters. The stock is down roughly 50% from our original purchase which begs the true value investing question: Is it down…or is it cheap?

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August 16, 2008 by Joe Ponzio

For more than fifty years, great “value” investors – Warren Buffett, Benjamin Graham, Charlie Munger, Seth Klarman, to name a few – have been touting the benefits of investing when there is blood in the streets, buying businesses when they are on sale. At each turn, somebody would ask them:…

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August 9, 2008 by Joe Ponzio

It is just over a year since F Wall Street began on June 25, 2007. I first posted about the Blackstone (BX) IPO – a cautionary post warning visitors that excitement + lack of information = thanks, but no thanks. As many visitors know, my style is hardly predicated on…

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July 20, 2008 by Joe Ponzio

As I mentioned in this post, three of Phil Fisher’s 15 Points to Look For in a Common Stock are directly related to profit margins. Companies with slim profit margins often feel tough economic or business cycles more vehemently than those with fat margins. Of course, there is a flip…

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July 14, 2008 by Joe Ponzio

EDIT: This item is no longer available. Please see the book to learn more about owner earnings and free cash flow. At the end of this post, you’ll find a “Buy Now” button to purchase a 20-page report comparing Free Cash Flow to Warren Buffett’s owner earnings. Though the two…

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July 10, 2008 by Joe Ponzio

In his 1934 book Security Analysis, Benjamin Graham laid out the definition for investing versus speculating. In the 74 years since he and David Dodd penned the book, nothing in the definition has changed. That said, BPal asked a very interesting question. I answered it in the comments, but I…

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July 2, 2008 by Joe Ponzio

A visitor just sent this email to me and I figured (as per his last line) that it would be better suited in a post rather than in a private email response. The question: Should I use the owner’s margin on lowered sales as I project the intrinsic value of…

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