August 7, 2009 by Joe Ponzio

It’s been quite a while since I’ve written an article, and for that…I’m sorry! The past few weeks have had me extremely busy – reading, researching, and ripping apart companies. We’ve made a few investments this quarter, but I haven’t had time to write about any of them here. Sadly,…

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June 24, 2008 by Joe Ponzio

Phil Fisher laid out fifteen points to look for in a common stock; three of them are directly related to profit margins. Calculated as net income divided by revenue, the profit margin is a quick way to determine which companies in an industry are most efficient (i) relative to the…

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June 22, 2008 by Joe Ponzio

Today’s research and development (R&D) is tomorrow’s new product or process. The other day we (or more specifically, Phil Fisher) asked, “Does the management have a determination to continue to develop products or processes that will still further increase total sales potentials when the growth potentials of currently attractive product…

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June 18, 2008 by Joe Ponzio

Businesses generally expand in three ways – increased sales of existing products, sales (and increased sales) of new products, and acquisitions to expand product lines. We looked at “increased sales of existing products” in Can They Increase Sales For Several Years? Fisher then went on to talk about “sales (and…

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