Recent content by frankbaozhu

I am not feeling well reading those words I wrote 9 months ago. For the record, I sold my position early in the year @1.03. Now it is 1.25. The electrical division is earning roughly 18 million in EBIT and the auto business is roughly break-even, although I am still skeptical about the auto...

If you want to profess value investing, the BEST starting point is to read Mr. Warren Buffett's annual letters. This year I read them the fourth time and I still learned a hell lot from those words. Those are just Bible for those who are serious about investing. Plus, you do not have to pay...

Wonders did not happen. ASW reported half year earnings today and stock went down. There is nothing wrong with investing in this very well-run company, but valuation matters. ASW is a business within a niche. When it tries to compete head-to-head with computershare, it will have a hard time...

Re: NVT - Navitas ROE, we are in the same old school :P I like NVT, but passed because I found better ones to buy. It is surprising that you did not find this little company considering your scope in the AU market. The name of the company starts with a "F".

Re: NVT - Navitas Hey Noddy, a lot things depend on your own expectations. If you are aiming for 30%+ annually, NVT is not for you; but if you are looking for a 10% total return over the years, this is a very safe bet. If you still want my opinion, I would say this thing is something...

Re: NVT - Navitas I would suggest you not use any models like DCF analysis for investing. Mr. Buffett never used excel sheet or projections to arrive on intrinsic value on an investment, and neither should we. Investing is never a precise science. When you have enough experience, you will...

I am reading the news as well and agree the new rules will affect COU. Basically COU collects assets from retail channel and get commissions by putting the money with different asset managers. I know people who is in this business and have an idea how hard they work. It is true they earn a...

I still do not get it. Let's say you go into the supermarket and buy yogurt for 1 dollar. You have been buying this for a long time and today it is selling for 70c. If what you said is true, then this 70c is not cheap. It has to go down further and get even cheaper. Let's say the price is now...

Robusta, I dunno why you were apologizing. Those people and us are looking at things from different angles(or just from different universe). They like to use imprecise languages, emotions and personal experience to draw conclusions; while we, pathetically and hopelessly, trying to find the truth...

I could not agree more. It takes time and efforts to be really good at everything. I do not think anyone is identical to anyone else, and this is true in investing too. But I saw one common trait among those successful ones: THEY WORKED ****ING HARD TO BE WHERE THEY ARE!

I have two things in mind after I read the your post. First, Mr. Buffett did not have the influence when he bought Amex in the scandal. Rather, he was a vague figure back then. Second, when something is cheap, it is cheap. Whether it goes up or down after your purchase does not change this fact...

All of you guys have good points. There are multiple ways to earn big bucks in the market. It is as true to a value investor as to a day trader. The only question is if you are good enough. To me, Mr. Warren Buffett is the most successful one ever in this business, and it makes sense to follow...

Re: NVT - Navitas Robusta, no offense, just my 2 cents here. If I injected into this conversation unwisely, my apology. I own a company in Germany called SMT Scharf. I wrote to the company twice, and the CEO replied to me without 24 hours, twice with a length that you must think he got...

I was wondering why ROE and Robusta have not set foot in this small and excellent company. 80 cents is pretty expensive, but 1.1 is a bit outrageous...... Micro cap is the place where wonder can happen. Hold your breath!

Re: NVT - Navitas I used to buy cheap stocks valuing at 5xP/E, 0.5xP/B, but those things did not work so well. You hope the market will notice the discrepancies and correct it, but have no idea when it is going to happen. But when I started to buy great businesses a few years ago, traditional...