Tag Archive for 'Value'

Streamlining the process – Warren Buffett’s Secret “Value” Formula – A response to MrAlanKendall

Just a short video on how you can write your own application in order to find good value stocks using Warren Buffett’s Value Formula. Reduces the manual labor and actually applies the formula for you by parsing online stock data and returning useful results for you to analyze later on.
Video Rating: 5 / 5

Cash for Gold Prices & Gold Value Explained: GoldFellow? Launches the “Gold Payments Gallery”

Cash for Gold Prices & Gold Value Explained: GoldFellow® Launches the “Gold Payments Gallery”











GoldFellow paid $ 207.90 to a customer for this used gold necklace.


Fort Lauderdale, FL (PRWEB) May 26, 2010

Consumers report the primary obstacle in selling unwanted gold jewelry is confusion about their gold’s true value. Lack of knowledge about the weight of their gold and strange terms like “pennyweights (dwt),” “grams” and “troy ounces,” confuse and intimidate many potential customers looking to sell their gold for cash.

In a telephone survey of 600 potential gold sellers who had signed up to sell their gold to GoldFellow® but never sent in their gold, 78% of the respondents acknowledged they were unsure of the value of their gold jewelry and other pieces.

Barbara Whitman of Seattle, WA said she ordered information from six different gold buyers only to trash all of them. When questioned by a GoldFellow® representative as to why she chose not to sell her gold, Whitman admitted her confusion.

“Honestly, when I wanted to sell my gold I felt dumb, but I said I wanted an idea of how much money to expect and the penny weight prices offered by gold buyers just added to my confusion.”

According to Michael Gusky, president of GoldFellow®, “listening to the customer opened my eyes.”

“Wow, I had assumed if we offered a great customer experience, significantly higher gold prices and free, insured FedEx® shipping that would be enough to win,” said Gusky. “But, very often these customer benefits were overlooked because our gold pricing was misunderstood. Honestly, we’ve been communicating in the wrong language,” realized Gusky.

GoldFellow® did more than listen and developed a real solution, launching the “Gold Payments Gallery” on its website.

“This new interactive tool is a virtual show and tell,” said Mary Hamilton, a customer support manager who has worked for Gusky since 1987. “It gives people selling gold an opportunity to peruse hundreds of photos and see the actual dollar amount paid to an individual seller for that particular piece of gold jewelry. Our Gold Payments Gallery gives people a way to see and compare items they have at home to items which are similar – or possibly identical – to items GoldFellow® has already purchased.”

Each photo, according to Hamilton, shows the total cash paid for the gold item along with the karat and actual weight of the gold in both pennyweight and gram units. In addition, the current gold price can be found daily, in real time, on the Goldfellow® website.

‘We have taken the mystery out of gold selling – it’s entertaining and educational,” added Gusky who is very proud of GoldFellow®’s latest innovation. “We listened and took action,” said Gusky. “As consumer advocates, we are always looking for innovative ways to provide valuable information, giving people greater power to make intelligent financial decisions.”

Michael Gusky began his gold industry career in 1977. His fine jewelry company became the largest supplier of gold to America’s retailers and was sold to Warren Buffett’s Berkshire-Hathaway in July 2007.

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Rosetta Resources’ Management Is Creating Value

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IT waiver to Rolls Royce for Embraer aircraft maintenance up to Rs 35.43 crore
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Berkshire Hathaway: From Primordial Ooze to an Unimaginable Cosmos — Excerpt from the first chapter of Andy Kilpatrick’s “Of Permanent Value: The Story of Warren Buffett/2008 Cosmic Edition”

Berkshire Hathaway: From Primordial Ooze to an Unimaginable Cosmos — Excerpt from the first chapter of Andy Kilpatrick’s “Of Permanent
Value: The Story of Warren Buffett/2008 Cosmic Edition”











BIRMINGHAM, Ala. (PRWEB) March 13, 2008

    Out of the primordial ooze of dollars from a struggling textile mill called Berkshire Hathaway, Warren Buffett took some small cash streams and, using the investment wizardry honed during his early years working with limited funds, along with plain old stock-picking virtuosity, literally “spun” money through mergers and acquisitions. These financial maneuvers jump-started unequaled returns on capital, which were multiplied by the magic of compounding, creating today’s Berkshire–an unimaginably large cosmos (hence the theme of the book).

With the roll of the years, today’s Berkshire is a powerhouse generating earnings at a breathtaking pace of $ 2 billion to $ 3 billion per calendar quarter with a stock market value of more than $ 200 billion. This accomplishment, as it turns out, is of great value to more than just Buffett and Berkshire shareholders because Buffett has arranged for the bulk of his shares to “go back to society.” This gift outright is the largest philanthropic donation in history. Ever!

From 1965 to 1985, Buffett’s investments, such as See’s Candies, The Washington Post, GEICO, and Nebraska Furniture Mart, while vastly different, had an overall connection: they were unwaveringly American.

On the other hand, Berkshire’s emergence as a “cosmic” firm began in the 1990s with investments in Coca-Cola and Gillette (now part of Procter & Gamble). Although these are American companies, both conduct a big portion of their business overseas.

Berkshire’s investees, including such bellwethers as Anheuser-Busch, ConocoPhillips, General Electric, Johnson & Johnson, Kraft Foods, UPS, and Wal-Mart, all have global reach. One could argue that Berkshire’s billions of dollars invested in railroads such as Burlington Northern are part of the global supply chain. (Maybe this is part of a plan to ship Berkshire’s huge variety of products throughout the cosmos.) Also, many of Berkshire’s operating firms have assets overseas. For example, Berkshire’s MidAmerican Energy has large utility holdings in the U.K., making it the third largest distributor of electricity there.

In addition, Berkshire, to better compete, has moved some of its operating businesses abroad, including some operations of its Dexter Shoe Companies, Fruit of the Loom, and Russell Corp.

In 1998, Berkshire bought General Re, a giant reinsurance company that conducts business worldwide, particularly in Europe. In 2003, Berkshire took a stake in PetroChina, an East-meets-West energy investment that has mushroomed into a winning investment of cosmic proportions, one that’s now been sold for a profit in the billions.

Foreign investing has been building for years. “We probably bought our first non-U.S. stocks 50 years ago,” Buffett said at Berkshire’s annual meeting in 2007. Recently, stakes in international holdings have surfaced, with investments in Tesco, the U.K. grocery and retailing giant; in Diageo, which sells Guinness beer; and in POSCO, a South Korean steel firm which is the third largest in the world. Also, Berkshire has a handful of British and Japanese stocks which are below the threshold of its disclosure requirements. And Berkshire owns two German stocks. “We’re looking everywhere but Antarctica,” Buffett has said.

Believing the dollar would weaken because of the U.S. current account and trade deficits, Buffett set in motion a series of foreign currency buys earlier this decade. Most of those positions have been sold.

In Berkshire’s 2005 Annual Report, Buffett said that a way to reinforce his bet that the dollar would weaken was “by purchasing equities whose prices are denominated in a variety of foreign currencies and that earn a large part of their profits internationally.” In 2006, hints emerged of more overseas investments and in 2007, hints about a foreign currency investment turned out to represent one in the Brazilian currency, the real.

Going Global

Berkshire’s breakthrough moment of going global came in 2006 when it bought Iscar Metalworking Companies of Israel, which operates not only in that country but also in more than 60 countries around the world, particularly in fast-developing South Korea. Iscar opened a plant in China in late 2007. The Berkshire-Iscar merger was quickly ruled a “conglomerate merger.”

Israeli authorities found that Berkshire companies already operating in their country were many. Gen Re provides insurance products there; Berkshire Hathaway Group offers annuity policies there; Scott Fetzer Companies sells vacuum cleaners and compressors; NetJets, a fractional jet service, flies there; Shaw provides carpets and flooring; and Berkshire’s CTB International, which makes systems for poultry, hog, and egg production, bought a small Israeli firm called AgroLogic several days after the Berkshire-Iscar announcement. Indeed, all these companies do business in Israel.

As Berkshire develops a worldly face, its shareholder base, too, is taking on an increasingly international look. In addition to representation from all 50 U.S. states, about 600 people from foreign lands were among the 27,000 attendees who made the odyssey to Berkshire’s annual meeting in Omaha in 2007. The two people at stage center were kindly aliens from remote parts of the cosmos.

A final aspect of Berkshire’s cosmic proportions came with Buffett’s announcement in June 2006 that he would be giving most of his wealth to the Bill and Melinda Gates Foundation, now a philanthropic leviathan, which touches lives throughout the world by fighting AIDS and enhancing health in Third World countries. As Buffett follows through with this commitment, he is fulfilling his expressed desire that the bulk of his fortune go not only to American society but also to the world at large. Buffett has orchestrated an international company so strikingly successful that he and other shareholders can make meaningful contributions in areas of great need throughout the world. This announcement was the incandescent, culminating event — of permanent value.

The gift is growing since Berkshire’s stock hit $ 100,000 per share on October 5, 2006 and even momentarily pierced $ 150,000 per share in late 2007, closing the year at $ 141,600. Those figures are instantly understood anywhere in the cosmos.

Buffett giving his enormous fortune to an already existing, up-and-running foundation is classic Buffett–why reinvent the wheel and why self-aggrandize when a needed process that is accomplishing your goal of improving life for many throughout the world is already in place and being so superbly run?

Going Cosmic

In light of a $ 7 billion groundbreaking arrangement in 2006 to take over the remaining insurance liabilities held by thousands of Lloyd’s of London “Names,” Berkshire truly blossomed into a real live international company, even a cosmic company.

Finally, late on Christmas Day 2007, Berkshire announced it planned to buy 60% of Marmon Holdings for $ 4.5 billion from Chicago’s Pritzker family and that it would buy the rest of the company in stages over the next five or six years.

Marmon Holdings is a privately held company and an international association of more than 125 manufacturing and service businesses with total sales of about $ 7 billion a year. Marmon employs about 21,000 people at more than 250 facilities mainly in North America, the United Kingdom, Europe, and China.

Reminiscent of baseball’s Ernie Banks cry of “Let’s play two,” Berkshire, days after its Marmon announcement, started a bond insurance company–Berkshire Hathaway Assurance Corp. Doubling up on the breaking news for the day, Berkshire, in yet another plot twist, agreed to buy the reinsurance unit of Dutch banking and insurance company ING for $ 440 million.

Berkshire’s bond-insurer, which will write insurance for municipal bonds, is seeking business from local governments at a time of a threat of possible slippage in credit ratings for other insurers during a huge credit crisis. Berkshire’s bond-insurer opened for business in New York on December 31, 2007. Buffett told The Wall Street Journal (December 28, 2007) that Berkshire also will seek to do business in California, Puerto Rico, Texas, Illinois, and Florida. The appeal of doing business with Berkshire would be its Triple-A credit.

Berkshire could be due for a name change to Berkshire Hathaway International, an investment engine focused on the world: that is, focused on the cosmos.

(Berkshire, reluctant to hire many folks at headquarters, now has a Manager of International Tax, Marilyn Weber. Maybe she’ll earn a promotion to Cosmic Tax Manager.)

Barron’s, whose coverage of Berkshire over the years has ranged from spotty (the “Warren, What’s Wrong?” cover story of December 27, 1999 comes to mind) to spot-on, announced in a cover story of September 8, 2007 that its annual survey of the business landscape concluded that Berkshire is “the most respected company in the world.” Beyond that, Berkshire was becoming All-Powerful Oz.

Few yet recognize the possibility of Berkshire’s future growth, growth that is not limited to any one product, any one industry or even to any one country–as this business supernova expands far into the galaxy. Not into a galaxy far, far away, but right here under our noses. Right now.

In keeping with all the above, in late 2007, Buffett traveled to Canada for a fund-raiser and to China and Korea to have a look at Iscar plants. The publicity was worldwide from scores of reporters following the events.

On leaving China, Buffett, better known than any person in the global investment community, waved and told CNBC’s Becky Quick, “I’d say goodbye in Chinese, but then I’d be showing off.”

The full 2 volume set can be purchased through Amazon.com here.





















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, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







More Warren Buffett Press Releases

Top Value Investors to Address 2009 Value Investing Congress West

Top Value Investors to Address 2009 Value Investing Congress West












Pasadena, CA (PRWEB) April 10, 2009

Schwartz Tilson Information Inc. today announced the speaker lineup for the 4th Annual Value Investing Congress West, which will be held in Pasadena, CA on May 5 and 6, 2009. Investors from around the world will have the opportunity to glean rare wisdom and market insight from the all-star lineup of world-renowned value investors, filling a critical deficit in profitable investing ideas as the market’s challenges continue. The two-day event will be held at Pasadena’s Langham Huntington Hotel and Spa.

“When the market is in a state of tremendous volatility, value investors can really thrive if they’re using the right strategies,” said Whitney Tilson, co-founder of the Value Investing Congress, co-founder of hedge fund firm T2 Partners, and a regular columnist for the Financial Times and Kiplinger’s Personal Finance. “If you have patience and a long-term horizon, you will find that this is truly an opportunity-rich environment, and the Value Investing Congress is a great forum in which to learn about new prospects.”

Created by disciples of Benjamin Graham and Warren Buffett, the Value Investing Congress is recognized as one of the premier events for value investors around the world. Attendees will acquire expert strategy and profitable investment ideas from the brightest minds in value investing, especially important now given the current challenges in the market. Among the highlights from past conferences: Jeff Matthews’ presentation on General Electric (GE) in 2008, Bill Ackman’s MBIA (MBI)/Ambac (ABK) short strategy in 2007, and David Einhorn’s short thesis on Lehman Brothers (LEH) in 2007.

“There has never been a better time for investors to learn from the best of the best in the field of value investing,” said Value Investing Congress co-founder John L. Schwartz, M.D. “These are challenging times for all investors, but there is certainly no shortage of opportunity. What’s needed is clear guidance and informed insight. This spring’s Congress will give attendees a competitive edge with innovative strategies to beat the current market.”

The upcoming Value Investing Congress West will feature returning speakers such as John Burbank and David Nierenberg, as well as many fresh new voices with outstanding long-term investment track records. As always, there will be ample time for attendees to ask questions of every speaker.

The complete speaker lineup at the 4th Annual Value Investing Congress West includes:

John Burbank, Passport Capital
Guy Spier, Aquamarine Capital Management LLC
Scott Klein, Beach Point Capital Management
Charles de Vaulx, IVA
Brian Gaines, Springhouse Capital
David Chu, Soma Asset Management LLC
Igor Lotsvin, Soma Asset Management LLC
Jason A. Stock, M3 Funds LLC
William C. Waller, M3 Funds LLC
Dave Rabinowitz, Kirkwood Capital
David Nierenberg, D3 Family of Funds
J. Carlo Cannell, Cannell Capital LLC
Zeke Ashton, Centaur Capital Partners
Whitney Tilson, T2 Partners LLC
Glenn H. Tongue, T2 Partners LLC
The day before the Congress, investors will have the opportunity to participate in a Pre-Congress workshop focusing on strategies that will enable them to become more successful at analyzing companies and identifying promising value opportunities. On May 4th, Whitney Tilson and Glenn Tongue of T2 Partners will teach An Advanced Seminar on Value Investing: How to Decipher Financial Statements, Avoid Value Traps and Pick Investment Winners. Past participants have realized great benefits from this intensive workshop, describing it as “an investment that pays for itself” with information that can be ”immediately put to use.”

About the Value Investing Congress

Whitney Tilson and John L. Schwartz established the Value Investing Congress in 2004 so that passionate value investors – disciples of Graham, Dodd, Buffett and Munger – can meet and learn from one another and achieve even greater investment success. Tilson is one of the country’s best known value investors and is the co-founder of Value Investor Insight. Schwartz is the founder and former CEO of Continuing Medical Education, Inc., the highly successful medical information company. Click here to read what people are saying about the Value Investing Congress.

More information on the upcoming 4th Annual Value Investing Congress West is available at ValueInvestingCongress.com. Sponsors of the Value Investing Congress include Capital IQ, Wiley, Columbia Business School, and Value Investor Insight. Supporting organizations are The Value Investors Club and NYSSA. Media partners for the Value Investing Congress include Kiplinger’s Personal Finance, Seeking Alpha, and Dow Jones Hedge Fund Trades.

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, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







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