Taro Update

Taro reported their latest quarterly results on Tuesday evening.  Despite the sharp increase in stock price on Wednesday, John and I have both changed our minds on this company's prospects and thus have decided to sell. The thesis rested on a reliable business with a...

Simple Businesses: Flooring Edition

In the near future, I would like to discuss my (and partially John's) approach to filtering by using the S&P 500. One company I was researching as I was thinking about my filters was Floor and Decor (although it isn't in the S&P 500). As a short introduction...

A Bargain Small-Cap in the UK

Vertu Motors (ticker is VTU in London) is one of the cheapest stocks I’ve seen in a while. Vertu owns 124 car dealerships in the UK. I’ve been studying the US dealership owners over the last few months, and I’m still looking at the UK market, but I thought I’d share...

One of the World’s Widest Moats

Last month, I did a presentation for the Manual of Ideas (a value investing website/community) on Tencent, which is a dominant internet company in China with one of the widest moats that I've ever studied. Saber Capital owns shares in Tencent, and while the stock...

JD.com’s Competitive Advantages

Note: I typically take one post each month or two from this site to publish on my free site. In other words, the free site will see one post for every 10-15 posts that get published here. I may decide to eventually publish this post to the free blog.  A few weeks ago...