+ Watch MIL
on My Watchlist
Remember to vote your shares before December 26th. MIL is at a critical point and every vote counts.I am voting for Kellogg's nominees and against the board's nominees. Michael Smith's handpicked board has not done their job effectively. It is inappropriate for Michael Smith to be the Chairman, CEO and CFO. The pace of value creation is too slow, and the company hasn't communicated effectively with shareholders.
VIC (P/TBV=0.7), jockey investment (Michael Smith).
Low PE, good ratios compared to industry, value that will grow with increased industrial activity in the coming year. Bought into earnings this Friday.
looking for a double
Screen for low Book, growth, low debt.
Should outperform during the Summer Doldrums.
Low PE, Dividend, Track record of spinoffs
As I have mentioned, I am becoming increasingly interested in jockey investing...the following of individuals who have proven themselves to be efficient investors of shareholder value in the past. I'm not under any illusion that I'm going to find the next Warren Buffett, but someone who's half as good will still be a successful investment.Over on the TMF message boards, turb0kat, just reminded me about Michael Smith and his impressive history of generating solid returns.For some reason I have never invested alongside him, despite the fact that he is a favorite in some circles. He certainly uses lots of tricks and trinkets with his companies, along the lines of a John Malone type figure after drinking Red Bull.I certainly cannot profess to know a whole lot more about Michael Smith than that, but I plan on tracking his investment vehicle here in CAPS and to do more research on him in the near future.Jason
Trading at a discount to book
http://wiki.fool.com/The_Graham_Number Formula: Fair value=Sqrt(22.5*EPS*BV) I expanded it a little by also using EPS Normalized and Tangible BV My current Graham Number Valuation Range (GNVR) for MIL: $9.60 to $33.89
Michael Smith is my idol. Has anyone ever seen the guy ? If you have a picture please post it. Hah the guy is a ghost....with only a top end trail of steady profits and shareholder wealth creation to be found.
Michael Smith and a cash-rich balance sheet -- be patient and good things will happen
Potential to make some money for whoever owns the company whether in the way of shares or by owning the company.
Below book. Fv around 10
New Div play..
Great value investment that is small but a big business at heart
purchased this a while ago based on strong fundementals. After sliding this month. was happy to see book values above share prices.
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