October 23, 2008 by Joe Ponzio

I was invited back on WBBM’s Noon Business Hour the other day to discuss the economy and whether or not (or when) people should get into the markets. You can listen to the full 6 minute 16 second clip below. (Don’t be too critical – I caught myself making a…

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September 15, 2008 by Joe Ponzio

So…Merrill sells to Bank of America, most likely to avoid bankruptcy, Lehman files for bankruptcy, Bear Stearns sells to JP Morgan, again most likely to avoid bankruptcy. Major financial institutions – once revered as the “crown jewels” of the financial community – are failing. And all I can think is…Are…

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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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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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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 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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July 2, 2008 by Joe Ponzio

Folks – as you can imagine, I have been busy ripping through annual reports and financial statements like crazy. Hence the irregularity to my posting. Back in October of last year, I had a lot of time on my hands – the effects of a high market and few opportunities.…

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April 17, 2008 by Joe Ponzio

Jeff pointed out that the overwhelming majority of the posts on F Wall Street have discussed the “buy side” of being an investor. (And, of course, psychology and when not to buy.) Okay – now we own businesses. What’s the next step? (Grab some coffee; this is a looooooong post):

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April 14, 2008 by Joe Ponzio

Folks – it’s great to be back. A lot has happened over the past few weeks; then again, you should not have been surprised by any of it. The airlines are shutting down (you could have seen it coming from a mile away – serious note: my heart goes out…

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