by Erik Kobayashi-Solomon | Mar 10, 2017 | Commentary
Sell! Buy! Markets hate complex headlines (Chicago Booth Review). An academic at University of Chicago’s Booth School of Business looked at the popularity of headlines on the SeekingAlpha stock research site. He found, unsurprisingly, that people liked simple...
by Erik Kobayashi-Solomon | Oct 21, 2016 | Commentary
Question: How does a company lose half its market value…quickly? Answer: It takes one and a half years of owners’ cash profits and invests them in an acquisition, then writes off 75% of that investment’s value in less than a year. As investors, we often overlook how...
by Erik Kobayashi-Solomon | Oct 7, 2016 | Commentary
In our recent Guided Tear Sheet web conference to discuss the valuation drivers of Gilead Sciences (GILD), an IOI Member asked a question about the Conviction Ratings that we publish on our IOI Tear Sheets. The question brought up the deeper topic of position sizing...
by Erik Kobayashi-Solomon | Aug 4, 2016 | Commentary
Back in March, we published a speculative recommendation on National Oilwell Varco ($NOV) as well as several articles (here’s the Step-by-Step Valuation article I did for Forbes) and research reports on the company (available to IOI Members). We found that...
by Erik Kobayashi-Solomon | May 4, 2016 | Commentary
[This article originally appeared on Forbes.com] Professional investors love railroads. Warren Buffett bought Burlington Northern Santa Fe outright in 2010 and Bill Ackman still owns 9 percent of Canadian Pacific after realizing huge profits on a larger portion of the...