Defensive stocks,
hello, I want your opinion on my search method.
Size in Sales (100% ⇒ 500 Million) 0
Earnings Growth (100% ⇒ 33% Growth)0
XNYS OR XNAS
I exclude financial institutions, public utilities, REITs
I have 61 companies that apply the same defense standards, with the exception of profit growth and volume in sales
I found 20 companies that have a competitive advantage, and the rest of the companies unfortunately, but I will be very nice and follow them every year. I will see who can come to the list of A or B.
The comparison method was as follows. Profit growth + sales volume / 2
In the list of A
1-AIN
2-KBH
3-NKE
4-UFPI
5-LEN
6-EXPD
7-TXN
8-GWW
9-RS
10-NUE
In the list of B
1-CMC
2-WOR
3-GGG
4-WST
5-WSO
6-FAST
7-GNTX
8-AIT
9-SNA
10-TXT
Submitted by Omar_H. Created on Monday 4th September 2023. Updated on Monday 4th September 2023.
Graham Allowed D/E Up To 200%
Dear Omar_H,
Please note that "more than 100%" of the [2 x Equity] ÷ Debt rating on GrahamValue correlates to "less than 200%" of the standard Debt-to-Equity (D/E) Ratio.
The Walter Schloss requirement was for "less than 100%" of the Debt-to-Equity (D/E) Ratio. Graham allowed for up to 200% if all other factors were OK.
Thank you for your comment!
I want all the books
I want all the books that you advise me to read after the book The Intelligent Investor. Also, when you attach a link to purchase the book, it will be useful to me.
Now I only know the book The Intelligent Investor, and I don't know anything else
Also, the explanation you put on the site is very sufficient, but I have become very impressed with Benjamin
Thank you ❤️
The Intelligent Investor
Dear Omar_H,
GrahamValue is almost completely based on The Intelligent Investor.
Thank you for your comment!
In Chapter 16 of the book
In Chapter 16 of the book "The Intelligent Investor," Buffett says:
"Since these are nonrecurring events, Warren believes that they should be removed from any calculation of the company's net earnings in determining whether or not the company has a durable competitive advantage."
In an interview with Forbes magazine in 2008, Buffett said:
"I like to see operating profit. That's the profit that comes from the company's core business. I don't care about gains or losses from asset sales or impairment losses."
When I looked at a company:
KO - The Coca-Cola Company
NYSE - NYSE Delayed Price. Currency in USD
https://finance.yahoo.com/quote/KO/financials?p=KO
Found on the income statement
Operating Expense
1-Selling General and Administrative
2-Other Operating Expenses <<<<
And then I went under
3- Net Non Operating Interest Income Expense <<<<
4- Other Income Expense <<<<
Is this what is meant?
Different Book
Dear Omar_H,
Thank you for your comment!
The book quote you are referring to appears to be from Warren Buffett and the Interpretation of Financial Statements, by Mary Buffett and David Clark.
The interview quote could not be verified anywhere online.
In either case, these comments were not made Graham; and possibly not even by Buffett. So it's hard to comment on them. But from a cursory reading, they do appear to be referring more to the actual income and loss figures rather than operating expenses.
Thank you again for your comment!
Warren Buffett and the Interpretation of Financial Statements,
Warren Buffett and the Interpretation of Financial Statements. Is there a website or application that applies the standards he set?
It will be a strong addition to Benjamin's strategy
Buffett recommends Graham
Dear Omar_H,
Thank you for your comment!
Please note that the book Warren Buffett and the Interpretation of Financial Statements is not actually written by Buffett.
Buffett himself has always recommended following Graham. The complete playlist of Graham recommendation videos is given below.
Thank you again for your comment!