Month: December 2020

Mid-Year Review [December 2020]

The second half of the year gave me the opportunity to analyze some very high-quality companies, including Arista Networks, United Health Group, Netflix and, most recently, Disney. As I said in my first mid-year write-up, you will find a swath of different types of opportunities here. I talk about deep value companies [Rolls Royce, Simon …

Mid-Year Review [December 2020] Read More »

To access this post, you must purchase YEARLY SUBSCRIPTION or MONTHLY SUBSCRIPTION.

Disney and Unamortizing Assets

Disney’s Unamortizing Asset Most assets amortize. Buildings depreciate, customers churn, patents expire, and wells deplete. A business must continually replenish these assets in order to remain competitive. Absent maintenance reinvestment, every business is a melting ice cube of assets – both tangible and intangible assets. For example, an oil well producing 100 barrels a day …

Disney and Unamortizing Assets Read More »

To access this post, you must purchase YEARLY SUBSCRIPTION or MONTHLY SUBSCRIPTION.