Articles by Geoff Gannon
- Mueller Water Products "A" Shares and "B" Shares are Mispriced
An article discussing the price difference between Mueller Water Products (MWA) "A" shares and "B" shares. The shares are identical except that each A share has 1 vote and each B share has 8 votes. Right now, the B shares are selling for $0.34 a share less than the A shares despite having eight times the voting power (A shares: $13.98; B shares: $13.64) Published 09Apr2007, viewed 192 times
- Warren Buffett's Berkshire Hathaway Discloses 10% Stake in Burlington Northern
Warren Buffett's Berkshire Hathaway (BRK.B) has disclosed a greater than 10% stake in Burlington Northern Santa Fe (BNI). Berkshire was still buying as late as Thursday, April 5th, 2007. This is Berkshire's largest recent investment - it has a market value of $3.2 billion. Published 08Apr2007, viewed 191 times
- Topps to be Acquired by Eisner and Others
Topps, the maker of trading cards and Bazooka Gum, has agreed to be acquired by Michael Eisner and others for $9.25 a share in cash in a transaction valued at $385.4 million. Eisner, the former CEO of Disney, founded the privately held Tornante Company in 2005 to make transactions such as this one. Published 07Mar2007, viewed 395 times
- Traffic at uTube.com Surges 440%
A silly story about how a 440% jump in traffic at uTube.com paralyzed that company's site. Apparently, millions of people confused uTube.com, a site operated by Universal Tube & Rollform Equipment Corporation, with YouTube.com, a site recently acquired by Google (GOOG) for $1.65 billion in stock. Published 19Oct2006, viewed 523 times
- Dow Flirts With New High Six Years On
As the Dow flirts with a new high (and the financial media tests everyone's patience), it's worth remembering how far the average investor has fallen and why. Published 30Sep2006, viewed 200 times
- Friendly's CEO Resigns; Largest Shareholder Requests Seats
On Thursday, Friendly Ice Cream (FRN) announced its CEO, John Cutter, had resigned. It was not immediately clear whether he had been forced out or left voluntarily. Friendly's largest shareholders, Sardar Biglari, has requested two board seats. Biglari, a value investor in the vein of Buffett, runs a hedge fund called "The Lion Fund" and serves as Chairman of Western Sizzlin (WSZL). Published 29Sep2006, viewed 256 times
- The Human Index
A short article discussing the arbitrary and "human" nature of the Dow Jones Industrial Average. Looks at the last Dow reshuffle (2004) and the six companies involved: Verizon (VZ), AIG (AIG), Pfizer (PFE), Eastman Kodak (EK), International Paper (IP), and AT&T (T). Published 28Sep2006, viewed 179 times
- An Analysis of Nintendo (NTDOY)
A value investor analyzes Nintendo (NTDOY) from both a qualitative and quantitative perspective to determine if the current stock price is attractive. Published 14Sep2006, viewed 166 times
- Sony Delays PlayStation 3
"As a result of problems related to the mass production of a key component of its Blu-ray DVD player, Sony (SNE) will delay the European launch of its next generation video game console, the PlayStation 3 (PS3). Sony will also reduce the number of PS3 units immediately available in both the U.S. and Japan." This article examines what that new might mean for the PS3's future. Published 09Sep2006, viewed 218 times
- Sumner Redstone Fires Viacom CEO Tom Freston
On Monday, Sumner Redstone fired Viacom's CEO, Tom Freston. This article looks at the firing and what it means for Viacom. Is Redstone reasserting his control over the cable properties once buried within the larger corporate behemoth that was Viacom (which then included CBS)? Where will the two new men at the top, Dauman and Dooley, take the company? Published 07Sep2006, viewed 185 times
- Pilgrim's Pride (PPC) Offers to Acquire Gold Kist (GKIS)
Poultry producer Pilgrim's Pride (PPC) offers to purchase 100% of Gold Kist shares for $20 a share. A merger would create the largest poultry producer. Published 24Aug2006, viewed 198 times
- The Importance of Maintenance Cap-Ex
A value investor discusses the importance of maintenance cap-ex. GAAP accounting is compared to economic realities. The article focuses on how investors can find bargain stocks by looking at capital spending. Published 14Jun2006, viewed 243 times
- An Analysis of Wells Fargo & Company (WFC)
A value investor analyzes Wells Fargo & Company (WFC) from both a qualitative and quantitative perspective to determine if the current stock price is attractive. Published 31May2006, viewed 197 times
- An Analysis of Valley National Bancorp (VLY)
A value investor discusses Valley National Bancorp (VLY). He looks at the bank's business and whether the stock is attractive at the current price. Published 25May2006, viewed 197 times
- Cedar Fair to Buy Paramount Parks
Publicly traded limited partnership Cedar Fair (FUN) will acquire the Paramount Parks business of CBS Corp (CBS) for approximately $1.25 billion. Published 24May2006, viewed 210 times
- On Microsoft (MSFT)
A value investor discusses Microsoft (MSFT). The focus is long-term. Areas for possible future growth such as search and video games are discussed. Published 20May2006, viewed 200 times
- On Banks
A discussion of competitive advantages in the banking industry. This article was inspired by a Morningstar articles asking "Do All Banks Have Moats". Several different reasons are discussed explaining why these "moats" exist. Published 17May2006, viewed 195 times
- The Danger of Inflexible Enterprises
A value investor discusses the risk involved in buying stock in an inflexible enterprise. He uses several examples of large corporations and the problems they have encountered in recent years to illustrate his point. Published 25Apr2006, viewed 159 times
- Mismanagement at The New York Times
A value investor discusses the recent vote of no confidence by The New York Times Company's major shareholders. He then asks if the stock is now a bargain. Published 21Apr2006, viewed 155 times
- Investing with Confidence
A value investor discusses the importance of investing with confidence. Published 20Apr2006, viewed 168 times
- Stocks Look Pricey
A value investor looks at stock prices and finds them to be rather high at the end of the first quarter of 2006. Published 10Apr2006, viewed 149 times
- Buffett's Big Bet
A value investor looks at a big bet made by Warren Buffett and disclosed in Berkshire Hathaway's most recent annual report. His conclusion: Buffett's bet isn't as bullish as it appears. Published 08Apr2006, viewed 162 times
- An Analysis of the Journal Register Company (JRC)
A value investor analyzes the Journal Register Company (JRC) from both qualitative and quantitative grounds to determine if the current price makes the stock a bargain. Published 20Mar2006, viewed 178 times
- An Analysis of Journal Communications (JRN)
A value investor analyzes Journal Communications (JRN) on both qualitative and quantitative grounds to determine if its current price makes the stock a bargain Published 20Mar2006, viewed 141 times
- What is Value Investing?
A value investor looks at what value investing is and isn't. He contrasts value investing with other forms of investing such as growth investing and contrarian investing. Published 18Mar2006, viewed 163 times
- An Analysis of Pacific Sunwear (PSUN)
A value investor analyzes Pacific Sunwear (PSUN) on both qualitative and quantitative grounds to determine if its current price makes the stock a bargain. Published 10Mar2006, viewed 196 times
- The Wonders and Horrors of Compounding
A value investor jokingly sets a 50-year price target for Google of $16,578.90 in order to demonstrate the awesome power of compounding. Published 09Mar2006, viewed 181 times
- Some Lessons From Warren Buffett's Annual Letter
A value investor reviews a few lessons investors can learn from Warren Buffett's latest annual letter to Berkshire Hathaway shareholders. Published 08Mar2006, viewed 170 times
- Return on Assets is the Hit by Pitch of Investing
A value investor uses an analogy between baseball and investing to explain why stocks with high returns on assets often make good investments. Published 18Feb2006, viewed 164 times
- An Analysis of Energizer Holdings (ENR)
A value investor analyzes Energizer Holdings (ENR) on both qualitative and quantitative grounds to determine if its current price makes the stock a bargain. Published 02Feb2006, viewed 204 times
- The Logic Behind Technical Analysis
A value investor looks at the case for technical analysis as a complement to fundamental analysis Published 28Jan2006, viewed 187 times
- Comparing Google's Search Franchise to McCormick's Spice Franchise
A value investor compares Google's search franchise to McCormick's spice franchise in order to determine if Google's current stock price is justified. Published 27Jan2006, viewed 186 times
- An Analysis of Overstock.com (OSTK)
A value investor analyzes Overstock.com (OSTK) on both qualitative and quantitative grounds to determine if its current price makes the stock a bargain. Published 26Jan2006, viewed 151 times
- An Analysis of Lexmark (LXK)
A value investor analyzes Lexmark (LXK) on both qualitative and quantitative grounds to determine if its current price makes the stock a bargain. Published 24Jan2006, viewed 169 times
- Against the Top Down Approach to Picking Stocks
A value investor explains why the top down approach to picking stocks will not work as well as investing on a stock by stock basis. Published 23Jan2006, viewed 167 times
- Why Are Duopolies So Competitive?
This very brief article looks to human nature to explain why duopolies are often so competitive. Published 22Jan2006, viewed 208 times
- Is There Really a Magic Formula for Investing?
This article looks at investing formulas proposed by three men: Benjamin Graham, David Dreman, and Joel Greenblatt. It then asks whether any of these formulas will lead to above market returns. Published 20Jan2006, viewed 252 times
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