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Booth-Laird Q3 2016 Newsletter

Our Q3 2016 newsletter touches on a more personal topic – woodworking.  It helps to solve the investor need do something pro-active in difficult times, which is often the time a patient investor should do nothing.  It also has parallels to investing. » Continue Reading

Record flooding in Louisiana – look for the helpers

“When I was a boy and I would see scary things in the news, my mother would say to me, ‘Look for the helpers. You will always find people who are helping.'” — Fred Rogers If you were not impacted directly by the flooding in Louisiana and are not close enough to help out, a … » Continue Reading

Booth-Laird Q2 2016 Newsletter

Attached is our second quarter 2016 newsletter, in which we discuss our thoughts on Brexit. » Continue Reading

Booth-Laird Q1 2016 Newsletter

Attached is our first quarter 2016 newsletter, in which we discuss the importance of management in the analysis of a company.  Disney’s COO, Thomas Staggs, was expected to take over as CEO when Bob Iger retired in 2018, but Staggs unexpectedly stepped down last week.  We decided to use that event as the starting point … » Continue Reading

Genworth Update Post Q4 2015

Genworth Financial (GNW) posted Q4 2015 results last week and the market’s reaction was once again irrational.  He wrote an article for Seeking Alpha discussing our thoughts on the earnings release and call here: http://seekingalpha.com/article/3869496-genworth-good-quarter-investors-clearly-understand-whatsoever?ifp=1&app=1 The article was picked as for Pro Subscribers, so it will be behind a pay wall after an initial 30 … » Continue Reading

AAII Presentation

Jonathan Booth spoke to the American Association of Individual Investors – Baton Rouge Chapter on December 12, 2015.  The topic of his presentation was how to properly and efficiently analyze companies in the differentiated manufacturing and property & casualty industries.  He also provided valuation guidelines as well as some general thoughts on protecting your downside … » Continue Reading

Jonathan Booth to Present at AAII Meeting

BATON ROUGE, LA, December 8, 2015 – Jonathan Booth, CFA, CPA/ABV, will discuss how to properly and efficiently analyze companies in select industries at the aaii meeting to be held at the Broadmoor United Methodist Church on Saturday, December 12, 2015 at 8:30 a.m.  The following was included in the meeting flyer sent to aaii members: … » Continue Reading

Genworth Update Post Q3 2015

Genworth Financial (GNW) reported last week, and the market reaction was irrational – the story of 2015.  We discussed the quarterly results, how to think about the company, and why we are still very bullish on the stock in an article posted to Seeking Alpha.  See the article here: http://seekingalpha.com/article/3626006-genworth-continues-to-be-irrationally-priced-for-bankruptcy   » Continue Reading

Booth-Laird Q3 2015 Newsletter

Attached is our third quarter 2015 newsletter, in which we discuss the recent Volkswagen “Dieselgate” scandal. » Continue Reading

Genworth long thesis

Genworth (GNW) is a severely beaten down insurance company that is similar to our highly successful Hartford Group (HIG) investment.  It is trading for under 25% of net book value.  We have analyzed and stressed net book value, including a thorough understanding of the liabilities and reserves, and determined that, at worst, the stock is … » Continue Reading