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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…
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John Huber
1
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…
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John Huber
3
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
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John Huber
1
14% FCF Yield + Undervalued Real Estate
I have a contrarian view on the quality of this industry; surprisingly solid ROIC's & consistent FCF generation, plus real estate carried on books at…
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John Huber
11
Value Hiding in Plain Sight, a Big Buyback Announcement, and a Quiet Compounder
Some updates on a few of our recent investments, including NRP, DR, and FCNCA, along with some thoughts on great management teams, bargains hiding in…
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John Huber
7
Hospital Owner at a 14% FCF Yield
Owner of high quality assets (39% ROIC, 20 years of consistent FCF) that has recently changed its corporate strategy and capital allocation; now buying…
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John Huber
12
Valuation Update on an Overcapitalized Bank with Buyback Potential
One of my favorite banks that has the opportunity and the excess capital to potentially buy back over 30% of its shares over the next couple years…
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John Huber
1
NRP's Evolution and Future Distribution Potential
NRP is an example of outstanding shareholder stewardship. Nearing the end of simplification strategy that mgmt laid out in 2015 & successfully…
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John Huber
6
A Value Investor's Bank
Well-run bank with a multi-decade history of compounding earnings and tangible book value per share at 15% per year; trades at 7.6 P/E; well-capitalized…
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John Huber
3
A "Royalty on the Growth of Others" at 27% FCF Yield
Durable assets, high ROIC royalty model, 29% insider ownership, 15 years of sizable annual FCF in good and bad economies, at a 27% FCF yield
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John Huber
26
Buffett's 44% CAGR and Various Types of High Quality Investments
I've noticed three common themes with Buffett's recent investments in energy and Japan: low valuations, improving capital allocation, and rising ROIC's.
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John Huber
20
Facebook Is Undervalued
As I mentioned in a note to my investors earlier this week, the spirit of the Holiday shopping season has been extended to certain parts of the stock…
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John Huber
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