Base Hit Investing

Two Types of Bank Investments; Thoughts on Asset Sensitivity; FCNCA's Value

Summary of bank investment strategy (bargains and compounders); Asset sensitivity might be misunderstood; a comparison of FCNCA vs other regional banks

Oct 28 • 

John Huber

26

5

1

September 2025

High FCF Yield Stocks; Returns from Business Results vs P/E Ratio Expansion

Examples of stocks that offer high FCF yields, where returns are earned from business results without requiring P/E expansion

Sep 15 • 

John Huber

35

4

5

July 2025

Quiet Compounders and a Hidden Moat at an 18% FCF Yield

A high margin, high ROIC business with a hidden moat for 5.5 P/FCF that is buying back shares.

Jul 11 • 

John Huber

44

30

1

June 2025

Investment Evolution or Flexible Tactics?

A look at Warren Buffett's remarkable investment flexibility and some thoughts on opportunities over the next decade

Jun 2 • 

John Huber

113

4

8

May 2025

A Compounder That's Ramping Up the Buyback

A big buyback announcement (14% of the shares) & recent insider buying; summary of the valuation and thoughts on the opportunistic mindset of its…

May 12 • 

John Huber

18

2

2

April 2025

A Gem of a Thrift Conversion

Recently converted thrift trades at 65% of book value, has lots of excess capital, pristine credit quality, is buying back meaningful amounts of its…

Apr 23 • 

John Huber

28

10

6

Short-termism and Opportunities; Buffett's Views on Tariffs

Clip of a Saber client note with some thoughts on trade deficits and market behavior

Apr 17 • 

John Huber

45

1

6

March 2025

CNK Buyback, Special Situation Review, and Some Thoughts on Theaters

A Lincoln Post with some quick thoughts on CNK's valuation, its new buyback announcement and a review of the Fairfax preferred shares.

Mar 7 • 

John Huber

5

2

February 2025

Investment Categories and Update on Holdings

Investor letter to Saber clients from last fall that outlines three types of investments in our portfolio, along with some updated comments on the…

Feb 23 • 

John Huber

34

8

January 2025

Portfolio Management Thoughts; Valuation S-Curve; and an Update on Investments

I review some thoughts on the valuations of some stocks we discussed last year, along with portfolio management tactics, thoughts on selling, and an…

Jan 6 • 

John Huber

33

1

3

December 2024

Special Situation Arbitrage Opportunity

A hidden series of securities on a very high-quality company that I believe have been mispriced, and a recent announcement provides clarity on when this…

Dec 5, 2024 • 

John Huber

31

7

2

November 2024

Buyback Machine and a Possible Liquidation

A company selling off assets and using the large net cash proceeds to buy back shares at a high FCF yield

Nov 23, 2024 • 

John Huber

36

5