Fat Pitch Financials http://www.fatpitchfinancials.com Special situation stocks and value investing Tue, 11 Sep 2018 16:46:20 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 http://www.fatpitchfinancials.com/wp-content/uploads/2015/02/cropped-fpf-ball-32x32.png Fat Pitch Financials http://www.fatpitchfinancials.com 32 32 Altman Z-Score Backtest http://www.fatpitchfinancials.com/2730/altman-z-score-backtest/ http://www.fatpitchfinancials.com/2730/altman-z-score-backtest/#comments Mon, 19 Mar 2018 13:01:16 +0000 http://www.fatpitchfinancials.com/?p=2730 For this backtest, I'm going to be examining the Altman Z-score. Edward I. Altman published the Z-score in 1968 to to predict the probability that a firm will go into bankrupt. The Altman Z-score is a widely used and easy to calculate formula to estimate a firm's financial distress.

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Five Podcasts for Value Investors http://www.fatpitchfinancials.com/2721/podcasts-for-value-investors/ http://www.fatpitchfinancials.com/2721/podcasts-for-value-investors/#comments Tue, 13 Mar 2018 11:00:02 +0000 http://www.fatpitchfinancials.com/?p=2721 I’ve been really enjoying podcasts on my daily commute for the past few years. Lately, I’ve discovered several great podcasts

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How to Backtest Stock Fundamentals Using Portfolio123 http://www.fatpitchfinancials.com/2710/backtest-stock-fundamentals-portfolio123/ http://www.fatpitchfinancials.com/2710/backtest-stock-fundamentals-portfolio123/#comments Wed, 17 Aug 2016 15:50:47 +0000 http://www.fatpitchfinancials.com/?p=2710 I have received several requests to provide a tutorial on how I backtest stock fundamentals using Portfolio123. My recent stock

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Forex vs Binary options – Which is a better investment? http://www.fatpitchfinancials.com/2687/forex-vs-binary-options-which-is-a-better-investment/ http://www.fatpitchfinancials.com/2687/forex-vs-binary-options-which-is-a-better-investment/#respond Wed, 20 Jul 2016 02:22:12 +0000 http://www.fatpitchfinancials.com/?p=2687 While Forex trading has been prevailing from the late 1970s, binary options are relatively new to the market and recently

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Maurece Schiller on the Safety of Special Situations http://www.fatpitchfinancials.com/2681/maurece-schiller-safety-special-situations/ http://www.fatpitchfinancials.com/2681/maurece-schiller-safety-special-situations/#respond Wed, 25 May 2016 13:32:01 +0000 http://www.fatpitchfinancials.com/?p=2681 Tom Jacobs shared two short excerpts from Maurece Schiller’s Investor’s Guide to Special Situations in the Stock Market (1966) and provided his

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Interview with Tom Jacobs Regarding the Complete Works of Maurece Schiller http://www.fatpitchfinancials.com/2677/2677/ http://www.fatpitchfinancials.com/2677/2677/#respond Tue, 24 May 2016 13:22:55 +0000 http://www.fatpitchfinancials.com/?p=2677 Tom Jacobs discovered the inventor of special situations, Maurece Schiller, and his long out of print books! I was not familiar with Maurece Schiller's name, but when Tom mentioned that this was the author that Joel Greenblatt referenced in his lectures, I was immediately curious. Here's my interview with Tom about this discovery.

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Kids Take on Finance 101 for Kids http://www.fatpitchfinancials.com/2669/kids-take-finance-101-for-kids/ http://www.fatpitchfinancials.com/2669/kids-take-finance-101-for-kids/#comments Tue, 10 May 2016 12:00:46 +0000 http://www.fatpitchfinancials.com/?p=2669 When I recently received a review copy of Finance 101 for Kids by Walter Andal, I knew the perfect reviewer for this

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Are binary options trading just a big scam? http://www.fatpitchfinancials.com/2666/binary-options-trading-just-big-scam/ http://www.fatpitchfinancials.com/2666/binary-options-trading-just-big-scam/#comments Tue, 03 May 2016 15:48:26 +0000 http://www.fatpitchfinancials.com/?p=2666 Binary options have become very popular recently and the trade volumes are growing at very high rate similar to forex

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Mebane Faber Shareholder Yield Backtest http://www.fatpitchfinancials.com/2657/meb-faber-shareholder-yield-backtest/ http://www.fatpitchfinancials.com/2657/meb-faber-shareholder-yield-backtest/#comments Thu, 28 Apr 2016 15:38:33 +0000 http://www.fatpitchfinancials.com/?p=2657 A commenter on Fat Pitch Financials recently suggested that I take a look at shareholder yield.  After reading my “How Does

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Free Cash Flow to Enterprise Value Backtest – $50 Million Minimum Market Cap http://www.fatpitchfinancials.com/2648/free-cash-flow-to-enterprise-value-backtest-50-million-minimum-market-cap/ http://www.fatpitchfinancials.com/2648/free-cash-flow-to-enterprise-value-backtest-50-million-minimum-market-cap/#comments Tue, 19 Apr 2016 15:13:46 +0000 http://www.fatpitchfinancials.com/?p=2648 This is a revised version of the backtest on the free cash flow to enterprise value ratio backtest posted a

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Poll Results: Minimum Market Capitalization for Backtests http://www.fatpitchfinancials.com/2645/poll-results-minimum-market-capitalization-for-backtests/ http://www.fatpitchfinancials.com/2645/poll-results-minimum-market-capitalization-for-backtests/#comments Mon, 04 Apr 2016 19:00:58 +0000 http://www.fatpitchfinancials.com/?p=2645 The poll results are in for the minimum market capitalization requirement for backtest on Fat Pitch Financials.  In that poll

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What minimum market capitalization do you prefer for backtests on Fat Pitch Financials? http://www.fatpitchfinancials.com/2642/2642/ http://www.fatpitchfinancials.com/2642/2642/#comments Sat, 19 Mar 2016 14:00:16 +0000 http://www.fatpitchfinancials.com/?p=2642 Please respond to the poll below. What minimum market capitalization do you prefer for backtests on Fat Pitch Financials? $50

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Free Cash Flow to Enterprise Value Backtest http://www.fatpitchfinancials.com/2632/free-cash-flow-enterprise-value-backtest/ http://www.fatpitchfinancials.com/2632/free-cash-flow-enterprise-value-backtest/#comments Fri, 18 Mar 2016 14:17:17 +0000 http://www.fatpitchfinancials.com/?p=2632 The free cash flow to enterprise value ratio is a rather sophisticated valuation ratio that should be a part of

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How to Avoid Value-Traps with Net-Net Stocks http://www.fatpitchfinancials.com/2630/how-to-avoid-value-traps-with-net-net-stocks/ http://www.fatpitchfinancials.com/2630/how-to-avoid-value-traps-with-net-net-stocks/#comments Fri, 11 Mar 2016 15:52:12 +0000 http://www.fatpitchfinancials.com/?p=2630 Net-net stocks are those which sell below liquidation value and are major bargains. Avoid being a victim of value traps by only investing in net-nets which: Generate revenue, experience NCAV Burn of less than 25% annually, aren’t based in China or if you are risk averse, aren’t Chinese, have sold at a price above the current NCAV in the past 5 years, and are not issuing shares.

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Reverse Mortgages Are Worth a Second Look http://www.fatpitchfinancials.com/2629/reverse-mortgages-are-worth-a-second-look/ http://www.fatpitchfinancials.com/2629/reverse-mortgages-are-worth-a-second-look/#respond Tue, 08 Mar 2016 16:09:46 +0000 http://www.fatpitchfinancials.com/?p=2629 It wasn’t that long ago that everywhere you looked you found an article about how expensive reverse mortgages were. Many

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How Does a Change in Shares Outstanding Impact Stock Returns? http://www.fatpitchfinancials.com/2619/how-does-a-change-in-shares-outstanding-impact-stock-returns/ http://www.fatpitchfinancials.com/2619/how-does-a-change-in-shares-outstanding-impact-stock-returns/#comments Thu, 04 Feb 2016 14:51:26 +0000 http://www.fatpitchfinancials.com/?p=2619 A reduction in shares outstanding can occur as a result of a company stock buyback. A buyback is when a

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Top Articles of 2015 on Fat Pitch Financials http://www.fatpitchfinancials.com/2616/top-articles-of-2015-on-fat-pitch-financials/ http://www.fatpitchfinancials.com/2616/top-articles-of-2015-on-fat-pitch-financials/#respond Thu, 31 Dec 2015 15:59:43 +0000 http://www.fatpitchfinancials.com/?p=2616 Happy New Year! As you prepare for 2016, here are the top 5 articles visited on Fat Pitch Financials in 2015:

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2015 Value Investing Books You May Have Missed http://www.fatpitchfinancials.com/2612/2015-value-investing-books-you-may-have-missed/ http://www.fatpitchfinancials.com/2612/2015-value-investing-books-you-may-have-missed/#respond Wed, 16 Dec 2015 04:07:15 +0000 http://www.fatpitchfinancials.com/?p=2612 It is hard to believe 2015 is almost over. I haven’t been able to keep up with my value investing

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Return on Invested Capital (ROIC) Backtest http://www.fatpitchfinancials.com/2598/return-on-invested-capital-roic-backtest/ http://www.fatpitchfinancials.com/2598/return-on-invested-capital-roic-backtest/#comments Wed, 06 May 2015 13:23:41 +0000 http://www.fatpitchfinancials.com/?p=2598 The Return on Invested Capital (ROIC) ratio is a very popular measure of company “quality” among value investors. Many even

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5-Year Average Return on Investment Backtest http://www.fatpitchfinancials.com/2421/5-year-average-return-on-investment-backtest/ http://www.fatpitchfinancials.com/2421/5-year-average-return-on-investment-backtest/#comments Wed, 18 Mar 2015 14:11:26 +0000 http://www.fatpitchfinancials.com/?p=2421 I decided to also backtest the 5-Year Average Return on Investment (ROI) in order to see how it compared to my

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