The Intelligent Investor - The Definitive Book On Value Investing

Micron booked further inventory write-downs in every one of the next six fiscal quarters. Was the devaluation of Micron’s invent ...

Here are some quick considerations for the intelligent investor: Is the “net pension benefit” more than 5% of the company’s net ...

watch for disclosures about debt, stock options, loans to customers, reserves against losses, and other “risk factors” that can ...

CHAPTER 13 A Comparison of Four Listed Companies In this chapter we should like to present a sample of security analysis in oper ...

TABLE 13-1 A Comparison of Four Listed Companies ELTRA Emerson Electric Emery Air Freight Emhart Corp. A. Capitalization Price o ...

The most striking fact about the four companies is that the current price/earnings ratios vary much more widely than their opera ...

1.Profitability.(a) All the companies show satisfactory earnings on their book value, but the figures for Emerson and Emery are ...

convertible preferred shares outstanding at the end of 1970. In our analysis we have made allowance for the dilution factor in t ...

General Observations on the Four Companies Emerson Electrichas an enormous total market value, dwarfing the other three companie ...

1958 high, versus 43% for the Dow. The record of eltrais some- what similar. It appears that neither of these companies possesse ...

cautionary statements seem called for in the case of Emerson Elec- tric, with a special reference to the market’s current valuat ...

Ten-year growth of at least one-third in per-share earnings. Price of stock no more than 1^1 ⁄ 2 times net asset value. Price n ...

COMMENTARY ON CHAPTER 13 In the Air Force we have a rule: check six. A guy is flying along, looking in all directions, and feeli ...

FIGURE 13-1 E-valuations Exodus Expeditors Emerson Communications, International Electric EMC Corp. Inc. of Washington Capitaliz ...

ELECTRIC, NOT ELECTRIFYING The most expensive of Graham’s four stocks, Emerson Electric, ended up as the cheapest in our updated ...

31 price of $54.625, EMC’s shares were trading at 103 times the earnings the company would report for the full year—nearly six t ...

A SIMPLE TWIST OF FREIGHT Unlike EMC, Expeditors International hadn’t yet learned to levitate. Although the firm’s shares had ri ...

Blodget of Merrill Lynch, were predicting that the stock would rise another 25% to 125% over the coming year. And best of all, i ...

month of December alone. According to Exodus’s annual report, that new borrowing would add more than $50 million to its interest ...

Meanwhile, as if the bear market did not even exist, Expeditors International’s shares went on to gain 22.9% in 2000, 6.5% in 20 ...