Skyline Champion Corp. (SKY) – an interesting setup in manufactured housing

Skyline Champion Corp. (SKY) is a manufactured home builder. The current public company was formed June 1st, 2018 as the result of the combination of Skyline Corporation and Champion Enterprises Holdings, LLC. In the company's words, SKY employs over 6,800 people and is one of the largest homebuilders in North America. With over 65 years… Continue reading Skyline Champion Corp. (SKY) – an interesting setup in manufactured housing

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WageWorks (WAGE) – not as cheap as it looks

When searching for new investments to add to Greystone's portfolio, I try to seek out misunderstood or underfollowed businesses that dominate a niche product or service, possess a widening competitive advantage w/ underappreciated growth, have an aligned, experienced management team, and are able to be purchased at a value prices. WageWorks (NYSE: WAGE) is none… Continue reading WageWorks (WAGE) – not as cheap as it looks

American Shared Hospital Services (AMS) – very cheap, but with some hair

I've been making my way through a list of founder-led small/micro-caps that I found on Travis Weidower's blog, Egregiously Cheap. I came across American Shared Hospital Services today (AMS), which looks pretty damn cheap from an earnings and free cash flow standpoint. Although the business is in the healthcare space, and has some warts on… Continue reading American Shared Hospital Services (AMS) – very cheap, but with some hair

Planet Fitness (PLNT) – impressive but too expensive

Been doing some work in the health and wellness industry recently, a space that I know very well as a consumer of the products, wearer of the apparel, and gym-goer for nearly two decades. There are plenty of attractive business models and niche businesses within the space that I like a lot - specialty supplements,… Continue reading Planet Fitness (PLNT) – impressive but too expensive

Key resources that helped me improve as an investor

I wanted to put together a short list of materials/resources that have helped me improve tremendously as an investor recently, and over the years. It's no secret at this point that as investors we all have to spend a ton of time reading, generating ideas, thinking about business models and doing quantitative and qualitative analysis.… Continue reading Key resources that helped me improve as an investor

Introduction to the Value Investing Process: A Lecture by Bruce Greenwald

I just finished reading and taking notes on this lecture/presentation by Columbia value investing professor Bruce Greenwald. Thank you to John Chew (aldridge56@aol.com) for compiling these class notes and sharing via csinvesting.org. Here's a PDF link to the lecture, with some of my notes below. I hope readers gain as much from this as I… Continue reading Introduction to the Value Investing Process: A Lecture by Bruce Greenwald