Comments on: Slight Changes to NCAV Screens http://www.grahaminvestor.com/2010/02/06/slight-changes-to-ncav-screens/ Intelligent Value Investing Thu, 12 Jan 2012 23:17:07 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Jim Allen http://www.grahaminvestor.com/2010/02/06/slight-changes-to-ncav-screens/comment-page-1/#comment-126 Jim Allen Wed, 20 Apr 2011 04:39:11 +0000 http://www.grahaminvestor.com/?p=605#comment-126 Here is a good reason to look into these companies and not just follow the screen blindly. HQ Sustainable Maritime’s auditor recently resigned amid concerns the company’s management has been perpetrating a fraud upon investors. Trading in the shares of the company has been halted. HQS has failed to file its 10-K for more than a month after it was due. I don't know if you could have foretold this by looking or not, but it does highlight the advisability of being cautious. There are others that are shown as meeting NCAV criteria but when you peruse the Q's and K's, for one reason or another they are actually not. As Ronald Reagan used to say, in a completely different context, "Trust, but verify!" Here is a good reason to look into these companies and not just follow the screen blindly. HQ Sustainable Maritime’s auditor recently resigned amid concerns the company’s management has been perpetrating a fraud upon investors. Trading in the shares of the company has been halted. HQS has failed to file its 10-K for more than a month after it was due. I don’t know if you could have foretold this by looking or not, but it does highlight the advisability of being cautious. There are others that are shown as meeting NCAV criteria but when you peruse the Q’s and K’s, for one reason or another they are actually not.

As Ronald Reagan used to say, in a completely different context, “Trust, but verify!”

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]]> By: Tenentka http://www.grahaminvestor.com/2010/02/06/slight-changes-to-ncav-screens/comment-page-1/#comment-120 Tenentka Fri, 18 Feb 2011 11:51:49 +0000 http://www.grahaminvestor.com/?p=605#comment-120 Hi Investor friends, first of all I´m sorry for my bad english ;-) One of my ten purchsed <NCAV positions is the Credit Acceptance Corp. And I´ve recieved from my bank an interesting offer. The management of CACC buy his own shares back and they want give me about 65 USD, but we know that the Value of CCAC is something about 189 USD, and I told them that I don´t want sell my stocks. Thank You Grahaminvestor for such a great site, really! Best Regards from Germany & Poland ;-) Hi Investor friends,
first of all I´m sorry for my bad english ;-)
One of my ten purchsed <NCAV positions is the Credit Acceptance Corp. And I´ve recieved from my bank an interesting offer. The management of CACC buy his own shares back and they want give me about 65 USD, but we know that the Value of CCAC is something about 189 USD, and I told them that I don´t want sell my stocks.
Thank You Grahaminvestor for such a great site, really!
Best Regards from Germany & Poland ;-)

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]]> By: Tenentka http://www.grahaminvestor.com/2010/02/06/slight-changes-to-ncav-screens/comment-page-1/#comment-119 Tenentka Mon, 14 Feb 2011 12:01:41 +0000 http://www.grahaminvestor.com/?p=605#comment-119 Hi investor friends, my question is: how often you update the NCAV number. For example: I purchased this month 10 NCAV stocks for 10.000 € (1000€ each position). Let´s take DRF for example (one of my positions) the NCAV Value is about 79 USD. Is this today (01.02.11) still this NCAV value, or is it possible that the number falls to 20 USD/share? Do you update the NCAV after every quarter report? An another question is: is it possible that a company with <NCAV with positive OCF can go bancrupt? Do You track stocks in the EU? Maybe in the future? Thx. Best regards from germany Thomas Tenentka P.S. great site and possible only in the US, nowhere else ! Hi investor friends,

my question is: how often you update the NCAV number. For example: I purchased this month 10 NCAV stocks for 10.000 € (1000€ each position). Let´s take DRF for example (one of my positions) the NCAV Value is about 79 USD. Is this today (01.02.11) still this NCAV value, or is it possible that the number falls to 20 USD/share? Do you update the NCAV after every quarter report?
An another question is: is it possible that a company with <NCAV with positive OCF can go bancrupt? Do You track stocks in the EU? Maybe in the future?
Thx.
Best regards from germany
Thomas Tenentka
P.S. great site and possible only in the US, nowhere else !

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]]> By: The Graham Investor http://www.grahaminvestor.com/2010/02/06/slight-changes-to-ncav-screens/comment-page-1/#comment-75 The Graham Investor Mon, 31 May 2010 14:38:09 +0000 http://www.grahaminvestor.com/?p=605#comment-75 Rob: Is that 33% overall since 03 or a 33% average annualized return since 03? Rob: Is that 33% overall since 03 or a 33% average annualized return since 03?

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]]> By: rob lane http://www.grahaminvestor.com/2010/02/06/slight-changes-to-ncav-screens/comment-page-1/#comment-74 rob lane Sat, 29 May 2010 04:13:52 +0000 http://www.grahaminvestor.com/?p=605#comment-74 John Reece of Validea wrote a column in this weeks Forbes.the article featured the methods of Joseph Pietroski.However on the Validea screen performance,the Pietroski screen was 4th out of five at approximately 33% since 03.The Graham screen was the leader at over 130%.Does this sound right to you?I would have thought it would have been much closer. Rob Lane,SF,CA John Reece of Validea wrote a column in this weeks Forbes.the article featured the methods of Joseph Pietroski.However on the Validea screen performance,the Pietroski screen was 4th out of five at approximately 33% since 03.The Graham screen was the leader at over 130%.Does this sound right to you?I would have thought it would have been much closer.
Rob Lane,SF,CA

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]]> By: The Graham Investor http://www.grahaminvestor.com/2010/02/06/slight-changes-to-ncav-screens/comment-page-1/#comment-65 The Graham Investor Fri, 23 Apr 2010 15:41:47 +0000 http://www.grahaminvestor.com/?p=605#comment-65 Thanks for lettiing me know; it's an error for sure! I will fix it. There have been a few upgrades to the server this week and a couple of things have gone awry. Update: It is now fixed and the correct P/E values should appear after the next screen refresh on 4/25, if not before. Thanks for lettiing me know; it’s an error for sure! I will fix it. There have been a few upgrades to the server this week and a couple of things have gone awry.

Update: It is now fixed and the correct P/E values should appear after the next screen refresh on 4/25, if not before.

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]]> By: David http://www.grahaminvestor.com/2010/02/06/slight-changes-to-ncav-screens/comment-page-1/#comment-64 David Fri, 23 Apr 2010 15:36:53 +0000 http://www.grahaminvestor.com/?p=605#comment-64 Quick question, I noticed on the Intrinsic Value screen that the forward P/E of all the stocks was set to 5. Is this intentional or some sort of an error? Thanks. Great site by the way. Quick question,

I noticed on the Intrinsic Value screen that the forward P/E of all the stocks was set to 5. Is this intentional or some sort of an error? Thanks. Great site by the way.

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]]> By: Kris http://www.grahaminvestor.com/2010/02/06/slight-changes-to-ncav-screens/comment-page-1/#comment-58 Kris Mon, 05 Apr 2010 23:22:42 +0000 http://www.grahaminvestor.com/?p=605#comment-58 I agree, excellent site. There are a couple issues that can be easily overcome with some research - ie foreign stocks. Oftentimes ADR's don't represent shares on a 1 to 1 basis, or the assets and liabilities may be listed in a foreign currency, and this may skew the data. 5 minutes of research should solve this though. I've sometimes emailed investor relations of the company in question regarding specific issues in their financial statements so that I could hear the answer right from the source. I agree, excellent site. There are a couple issues that can be easily overcome with some research – ie foreign stocks. Oftentimes ADR’s don’t represent shares on a 1 to 1 basis, or the assets and liabilities may be listed in a foreign currency, and this may skew the data. 5 minutes of research should solve this though. I’ve sometimes emailed investor relations of the company in question regarding specific issues in their financial statements so that I could hear the answer right from the source.

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]]> By: Amit http://www.grahaminvestor.com/2010/02/06/slight-changes-to-ncav-screens/comment-page-1/#comment-52 Amit Thu, 25 Mar 2010 01:46:39 +0000 http://www.grahaminvestor.com/?p=605#comment-52 Excellent site! I have been running my own NCAV screen the last few months and have done pretty well with some of the picks. It does take some time to sift through all the data so its great you share it here on your site. Excellent site! I have been running my own NCAV screen the last few months and have done pretty well with some of the picks. It does take some time to sift through all the data so its great you share it here on your site.

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]]> By: The Graham Investor http://www.grahaminvestor.com/2010/02/06/slight-changes-to-ncav-screens/comment-page-1/#comment-49 The Graham Investor Wed, 03 Mar 2010 22:46:41 +0000 http://www.grahaminvestor.com/?p=605#comment-49 Kyle, thanks for pointing this out. The column header is not terribly clear I guess - and maybe even misleading - (there's not much space to describe it properly except in the tooltip), but the column is supposed to show where the last closing price is as a percentage of NCAV, which it is actually doing correctly. If that percentage is less than 66% of NCAV it will show in green. Kyle, thanks for pointing this out. The column header is not terribly clear I guess – and maybe even misleading – (there’s not much space to describe it properly except in the tooltip), but the column is supposed to show where the last closing price is as a percentage of NCAV, which it is actually doing correctly. If that percentage is less than 66% of NCAV it will show in green.

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