ModernGraham.com

Today WalMart released their sales figures for October, which were disappointing and sent shares down over 2% for the day. Further weakening Wall Mart today was the report from the Commerce Department informing that consumer spending rose at an anemic rate of 0.1% for the month of September.

Clear Channel reported 3Q profits down 9.5% which may further strengthen the case for a leveraged buyout for the company. Editorial note: Clear Channel was last week’s overvalued company.

Oil prices plunged today on outlooks of more mild weather which pertains to heating oil, and supply data due out this week. Traders are betting on the supply number to be vibrant and strong, and the increased temperatures nationwide helps lower the demand for heating oil. Also, doubts filtered in on whether OPEC has the ability to cut production in a manor they were threatening.

Interesting article about the decline in daily circulation of print newspapers as it fell 2.8% over the past six months.

Posted by Jon at 05:03 PM | Permalink | Comments (0) | TrackBacks (0)

This week the Dow seemed to never want to come down, as the first four days of the week saw it make new highs day after day. On Friday, however, the Dow finally weakened as weaker than expected economic data was released.

This weeks snapshot
DJIA: Up 87.89 or 0.73%
S&P 500: Up 8.74 or 0.64%
NASDAQ: Up 8.32 or 0.36%

The Dow weakened on Friday as the Commerce Department released the 3Q GDP numbers that showed the economy grew at a weak 1.6%. This was the weakest growth in three years for the market and was below exceptions by economists. The report showed the housing market dropped in residential investment by 17% the weakest since 1991. This was not of surprise to Wall Street because they were already prepared for a weak real estate market following the incredible rise in it the past few years.

Oil was up for the week on continued fears of OPEC cutting production and the impact it will have on the economy. Futures were up $1.42 or 2.39% for the week.

Overall this run up of the economy has been impressive to say the least. We feel that one can still find stocks that are comfortably priced given the value investor guidelines. Until next week have a productive and profitable week!

Posted by Jon at 12:32 PM | Permalink | Comments (0) | TrackBacks (0)

This portfolio is made up of the 15 enterprising stocks that are trading at the highest Return On Investment Capital (ROIC).  The first week of each month we will review the list, and make any trades necessary to get the portfolio to match the list.  Every week we examine the portfolio's performance against the S&P 500 and Dow Jones Industrial Average, and reinvest any dividends.  The list of enterprising stocks is made by following modernized Benjamin Graham strategies, and ROIC is calculated with a formula based on Warren Buffett's definition of Owner Earnings and Contributed Capital.

We have decided to provide our list of Enterprising High ROIC companies on a weekly basis.  The portfolio will continue to be rebalanced once a month, but the actual list of companies will be updated every week. 

Here is this week's list of Enterprising High ROIC companies:

There were no transactions this week.

The portfolio has underperformed both the DJIA and S&P 500 indexes this week, but has outperformed them overall. 

The snapshot:

Performance:

Neither of us holds a position in any of these stocks.  Please review our disclaimer and Our Methods.

Posted by Ben at 08:30 PM | Permalink | Comments (0) | TrackBacks (0)

This portfolio is made up of the 15 enterprising stocks that are trading at the lowest PE Ratio.  The first week of each month we will review the list, and make any trades necessary to get the portfolio to match the list.  Every week we examine the portfolio's performance against the S&P 500 and Dow Jones Industrial Average, and reinvest any dividends.  The list of defensive stocks is made by following modernized Benjamin Graham strategies, and PE Ratio is calculated using an average of the previous 5 years' earnings per share (EPS).

We have decided to provide our list of Enterprising Low PE companies on a weekly basis.  The portfolio will continue to be rebalanced once a month, but the list will be updated every week.

Here is this week's list of Enterprising Low PE companies:

There were no transactions this week.

The portfolio outperformed both the DJIA and S&P 500 this week, and has significantly outperformed them both overall.

The snapshot:

Performance:

Neither of us holds a position in any of these stocks.  Please review our disclaimer and Our Methods.

Posted by Ben at 07:00 PM | Permalink | Comments (0) | TrackBacks (0)

This portfolio is made up of the 15 enterprising stocks that are trading at the greatest discount to their intrinsic value.  The first week of each month we will review the list, and make any trades necessary to get the portfolio to match the list.  Every week we examine the portfolio's performance against the S&P 500 and Dow Jones Industrial Average, and reinvest any dividends.  The list of enterprising stocks is made by following modernized Benjamin Graham strategies, and intrinsic value is calculated by a formula based on Graham's overall philosophy of calculating value with a margin of safety.

We have decided to provide our list of Enterprising Value companies on a weekly basis.  The portfolio will continue to be rebalanced once a month, but the actual list will be provided weekly.

Here is this week's list of Enterprising Value companies:

There were no transactions this week.

The portfolio matched both the DJIA and S&P 500 indexes this week, but has significantly outperformed them both overall.

The snapshot:

Performance:

Neither of us holds a position in any of these stocks.  Please review our disclaimer and Our Methods.

Posted by Ben at 04:30 PM | Permalink | Comments (1) | TrackBacks (0)

This portfolio is made up of the 15 defensive stocks that are trading at the highest Return On Investment Capital (ROIC).  The first week of each month we will review the list, and make any trades necessary to get the portfolio to match the list.  Every week we examine the portfolio's performance against the S&P 500 and Dow Jones Industrial Average, and reinvest any dividends.  The list of defensive stocks is made by following modernized Benjamin Graham strategies, and ROIC is calculated with a formula based on Warren Buffett's definition of Owner Earnings and Contributed Capital.

We have decided to provide our list of Defensive High ROIC companies on a weekly basis.  The portfolio will continue to be rebalanced once a month, but the list itself will be provided every week.

Here is this week's list of Defensive High ROIC companies:

There were no transactions this week.

The portfolio outperformed both the DJIA and S&P 500 indexes this week, and has very significantly outperformed them overall. 

The current value is calculated using prices near close from Thursday.

The snapshot:

Performance:

Neither of us holds a position in any of these stocks.  Please review our disclaimer and Our Methods.

Posted by Ben at 03:34 PM | Permalink | Comments (1) | TrackBacks (0)

This portfolio is made up of the 15 defensive stocks that are trading at the lowest PE Ratio.  The first week of each month we will review the list, and make any trades necessary to get the portfolio to match the list.  Every week we will examine the portfolio's performance against the S&P 500 and Dow Jones Industrial Average, and reinvest any dividends.  The list of defensive stocks is made by following modernized Benjamin Graham strategies, and PE Ratio is calculated using an average of the previous 5 years' earnings per share (EPS).

We have decided to provide the list of Defensive Low PE stocks on a weekly basis.  The portfolio will continue to be rebalanced once a month, but the actual list will be posted every week.

Here is this week's list of Defensive Low PE stocks:

There were no transactions this week.

This portfolio underperformed the Dow and S&P 500 indexes this week, but has significantly outperformed them overall.

The snapshot: