A Cautionary Tale: Trump Hotels & Casino Resorts (DJT)

August 19, 2016 No Moat 8 Comments

From June 7, 1995 to September 27, 2004, Trump Hotels & Casino Resorts (DJT) was a publically traded corporation listed on the NYSE.  These 10 years were not particularly auspicious.  After a decade in which it never earned a penny,…

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How Are We Doing?: A Second Look At Conn’s

July 29, 2016 No Moat, Process 1 Comment

This post is the first in an occasional series where we will review our previous analysis – the good, the bad and the ugly – to discern what we are doing right and what we can improve. A key skill…

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Katkin Leathers: An Illusory Moat?

July 27, 2013 No Moat 3 Comments

While on vacation in Southern California this week, we came across an interesting little article in the LA Times.  The article tells the tale of closely held Katzkin Leather and its new Lectra Versalis cutter.  Katzkin, based in Montebello, California,…

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How to Buy A Stock that Will Drop 50%: Goodyear Tire & Rubber Company (GT) – A No-Moat Company

July 2, 2013 No Moat 0 Comments

Now that we have looked at a great, wide moat companies, See’s, let’s take a look at company with no moat, Goodyear.  The contrast is informative and helps us to understand the appeal of the wide moat business from an…

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