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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
18
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
Buffett 1972 Letter to See's Candies and Notes on an Underfollowed Tollroad
I recently came across a letter that Buffett sent to Chuck Huggins, the CEO of See's Candies in 1972.
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John Huber
Notes on Credit Acceptance Corp (CACC)
I recently made a list of a few shareholder letters I want to read, and one that I completed a few days ago was Credit Acceptance Corp (CACC).
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John Huber
Apple vs. Exxon Mobil
I read an article last week by Scott Fearon, who wrote the excellent book Dead Companies Walking (a good book about shorting stocks, which can benefit…
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John Huber
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