The investor’s guide to how much money a company is really making.Continue reading “Book-review: Quality of Earnings by O’Glove”
‘As quality investors, a major part of how we define greatness is the durability of the economics of the business (…) seeking companies boasting a combination of traits that overcome the forces of mean reversion.‘Continue reading “Book-review: Quality Investing (Cunningham)”
I consumed a lot of Terry’s content before. Now a blog reader gave me this book and I was happy to finally read it …Continue reading “Book-review: Investing for Growth by Terry Smith”
Moats were useful in ancient times to defend a castle from adversaries. It is defensive work that makes it harder for attackers to infiltrate the caste. (Economic) Moat is an expression used in the domain of value investing describing specific features protecting a business from competitors.Continue reading “My initial Thoughts on Competitive Advantages and Economic Moats”
Check Point Software Technologies Ltd. released Q4 results and its Annual Report 2019 on February 3rd, 2020. Time to check my underlying assumptions and to update my valuation model if neccessary …
Check Point Software Technologies Ltd. is an Israeli Company, that develops and sells Information Technology Security products. It is growing much slower than its highflying peers (Palo Alto, Fireeye, Fortinet) but it is very profitable. I do not have a good IT knowledge, but anyway, I wanted to perform a DCF Valuation of this Company for a long time now!
I am almost done with my DCF Valuation of Check Point Software Technologie (CHKP). I will do a follow-up post with the detailed analysis the week after next week, since I will be on holidays. Here are a few quick observations and facts about the Company…Continue reading “Initial Valuation of Check Point Software and Initial Buy”