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…

Continue Reading

Conn’s (CONN): A Retailer Targeting the Subprime Segment

January 22, 2015 Moats 5 Comments

“Our confidence is shattered,” said Laura Champine, an analyst with Canaccord Genuity Corp., with regard to Conn's. Such quotes get our pulse racing.  When Wall Street gives up and throws in the towel, we make money. What prompted such a dramatic…

Continue Reading

Do Financial Services Companies Have Moats? Part I – Nicholas Financial (NICK)

November 6, 2013 Moats 11 Comments

“Charlie and I have been surprised at how much profitability banks have, given that it seems like a commodity business.” -          Warren Buffett, Meeting with students from Vanderbilt University, January 28, 2005 In contrast to consumer brands where the moat…

Continue Reading