 long
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About
Nicholas Paul,
editor of Send me your comments or questions ! Investor Value Reports
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Investor Value Reports -
simple and useful analysis and research of enduring businesses for the
long term ,"do it yourself" investor. My
name is Nicholas Paul, editor of Investor Value Reports. Being the type of
investor who likes to see before he/she believes, I have created Investor
Value Reports to offer fundamental number crunching and commentary for the
LONG TERM investor. Short term in and out investors should stay
clear as this data and commentary is not for you. My research and commentary is limited to companies that I understand and which I believe have a "predictable" stream of cash flow coming in the years to come. I prefer to study individual companies rather than industries or trends. My preference remains biased to companies that will be producing ever expanding profits 20 years from today rather than ever expanding profits for the next three quarters. Unfortunately this disqualifies a major portion of the stock market whose businesses are difficult understand or, whose business models are easy to understand, but difficult to predict. For the long term investor, the most valuable concepts in which one can "keep the faith" over time is to have a clear understanding of the business, and a fair amount of certainty in the predictability of earnings. Understand the business - If you understand how profits are earned and how they are explained and accounted for in the financial statements, then you are well ahead of most investors, and sure to have success in the years to come. Predictability of earnings - Predictable earnings will provide a "higher probability" of success in developing a model for future earnings growth, thereby allowing for an easier valuation process. After all, the success or failure in determining a value or price to pay for today for any company, can only determined after evaluating profits or losses after the fact. Paying a high price for a company which earns stellar future profits is much better than paying a small price for a company that ultimately brings in very poor profits. CONTACT ME WITH ANY QUESTIONS OR COMMENTS AT support@vmwinc.com | ||