49 - Value Stock Geek Interview: Cheap and Good Balance Sheet ($MU, $BDL, $DKS)
The DIY Investing Podcast · Trey Henninger: Private Investor, Portfolio Manager, Business Strategist, and Value Investing Expert
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Show Notes
- Follow his work on Twitter: @ValueStockGeek
- Check out his website:
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You can find out more information by listening to episode 11 of this podcast.
Show Outline: Interview with Value Stock GeekThe full show notes for this episode are available at https://www.diyinvesting.org/Episode49
Part 1: ValueStockGeek's Investing Process- Basket of Stocks (20-30 positions)
- Value: Cheap Stocks with Good Balance Sheets
- Uses multiple valuation ratio's but prefers "Acquirer's Multiple"
- EV/EBIT
- See Tobias Carlisle's book: The Acquirer's Multiple
- High portfolio turnover 50-100% churn every year
- Why the Quality factor reduces your returns
- How to improve your stock-picking success rate by focusing on the balance sheet
- Micron Technology ($MU) - Cheapest stock in the S&P 500
- Flanigan's Enterprises, Inc. ($BDL) - A microcap company that owns bars, restaurants, and liquor stores in Florida
- Dick's Sporting Goods ($DKS) - A retail company focused on the niche of outdoor sporting goods equipment