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 ▼threatens pecuniary  glubbibushLip 13/9/29(日) 17:10

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 ■題名 : threatens pecuniary
 ■名前 : glubbibushLip <Clefburobriersx@079i080nhj.info>
 ■日付 : 13/9/29(日) 17:10
 ■Web : http://miumiudiscountsale.talmudof.com/
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   For Investment Results

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The method we adhere to, Joel Greenblatt's Magic Formula Investing (MFI), is a good mechanical, qualitative screen for digging up candidates. But to find the CRAPpiest of stocks, we have to get our hands dirty and dig our noses into the financial statements, conference calls, SEC filings, and sector [url=http://miumiujpbuy.talmudof.com/]&#12511;&#12517;&#12454;&#12511;&#12517;&#12454; &#36001;&#24067; &#20844;&#24335;[/url] study. Only then can our portfolios come out smelling like roses.

What inside the heck am I talking about? four points of research:The best providers are managed conservatively, and are consistently focused on earning high returns on capital instead of overpaying merely to develop or build an empire. By keeping reasonable levels of debt and consistently getting http://miumiuonsalejp.unownership.com/ a wholesome money balance for the inevitable bumps inside the http://miumiudiscountonline.unownership.com/ road, these corporations [url=http://miumiujpbuy.talmudof.com/]miumiu &#36001;&#24067; &#20108;&#12388;&#25240;&#12426;[/url] are constructed to last by means of thick and thin.

How are you able to inform if a provider is conservatively managed? Firms which have zero or incredibly small debt (like Dolby (DLB), or Activision (ATVI)) are extra conservative than Ann Coulter on a Sunday morning. But, generally, be wary of firms that carry drastically additional debt than cash around the balance sheet or whose operating earnings usually do not cover interest obligations a lot more than 5 occasions more than. An instance of a organization managed also aggressively could be FriendFinder (FFN), with $460 million of debt, only $17 million in cash, and operating earnings that barely cover 70% of interest obligations!Firms can normally increase profitability by way of [url=http://miumiudiscountonline.unownership.com/]&#12511;&#12517;&#12454;&#12511;&#12517;&#12454; &#12496;&#12483;&#12464; &#12500;&#12531;&#12463;[/url] expense cutting, and stock multiples can ebb and flow, but eventually a provider need to grow its sales as a way to expand its bottom line sustainably. is catnip for funds managers, and handful of stocks can sustain a higher price/earnings many without having it. MFI does not look for it, lots of screened stocks have flat or declining sales see Apollo Group (APOL) or H Block (HRB). Not coincidentally, the stocks of these firms have the most restricted [url=http://miumiuonsalejp.unownership.com/]&#12511;&#12517;&#12454;&#12511;&#12517;&#12454; &#36001;&#24067; &#20844;&#24335;[/url] upside potential.

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Competition will always be a keen danger, so look for firms that have structural competitive benefits. Microsoft (MSFT) software can be a lynchpin of most companies worldwide and would be a gigantic hassle to switch away from, making high switching fees. Tremendous scale, razor thin margins, and an established oligarchy create [url=http://miumiuselljp.unownership.com/]&#12511;&#12517;&#12454;&#12511;&#12517;&#12454; &#12496;&#12483;&#12464; &#20154;&#27671;[/url] large barriers to entry for any potential [url=http://miumiudiscountonline.unownership.com/]&#12511;&#12517;&#12454;&#12511;&#12517;&#12454; &#36001;&#24067; &#20844;&#24335;[/url] competitors of drug distributor AmerisourceBergen (ABC). Regulatory patent protections protect against direct competition for Gilead's (GILD) HIV drug portfolio. All of these aspects can help protect pricing, marketplace http://miumiudiscountonline.tectura-fasttrack.com/ share, and profitability from competitors.

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