When I wrote my analysis on Air Canada back in March, I made clear that I think airlines are terrible businesses. However, the industry landscape differs today from ten to thirty years ago, such that even Warren Buffett, who has historically expressed the industry as unattractive, bought shares in American, Delta, United, and Southwest Airlines… Read more
Patterson Companies (NASDAQ:PDCO): It’s Pretty Bad
A special thanks to Deric Cadora for sharing Patterson Companies with me. It’s remarkable the kindness and friendly generosity I’ve received since I began sharing my works with the world. Deric has been especially supportive, and I’m grateful for his encouragement and kindness. Company Background Since the dawn of trade, merchants have existed. They buy stuff,… Read more
Elevate Credit (NYSE:ELVT): Hairy, Disagreeable, and Unwanted – Sign Me Up.
Introduction Sick of cocktail parties? Tired of being the center of attention? Ready to complete your journey to absolute “lonersville”? Well look no further, as I’ve got a company that’s almost guaranteed to eliminate all future invitations to cocktail parties, and whose very mention will be met by cautious looks, sneers, and absolute disgust (hey,… Read more
MachHB Interim Report 06/29/2018
MachHB Interim Report 06/29/2018 The first half of the year has been a positive one, and I’m not talking about my returns (although they are indeed positive); I’m talking positive in terms of how I’ve evolved as an investor and person. The Story Something very important happened to me last November: I was fired from… Read more
Argan (NYSE:AGX): A Wonderful Company at a Bargain Price
Company Background At present market valuations, finding a good company in developed markets at a bargain price is about as likely as finding the Holy Grail, but I believe I’ve found one that fits the profile. Argan (NYSE:AGX) is a power services holding company headquartered in Rockville, Maryland, that operates four fully owned subsidiaries: Gemma… Read more
Thoughts on Purchasing Shares in Air Canada
When I wrote my analysis on Air Canada back in March, I made clear that I think airlines are terrible businesses. However, the industry landscape differs today from ten to thirty years ago, such that even Warren Buffett, who has historically expressed the industry as unattractive, bought shares in American, Delta, United, and Southwest Airlines… Read more