Roger Montgomery - Value.Able thoughts?

[stumacd]

Cheers for the clarification regarding StockVal.

I certainly agree on your last point. I can't wait to see the site that has the ability to admit that this week there's no good businesses priced safely below estimated value.

I must admit I think this is part of Roger's appeal, he's not prepared to drink the financial industry kool-aid.

 

[Sirloin Steak]

Not sure if Roger has any connection with stockval. I read David McNiven's (the ceator of Stockval) book it had some good ideas but I found Stockval next to useless. I had a free trial earlier this year and the top "recomendation"
with a 80% margin of safety was a company called Quantum Energy QTM. Five minutes of digging revealed this company had been delisted a couple of times and a announcement of the CEO selling shares to pay for employee entiltements. You could not offer me a large enough margin of safety to invest in a company like this.



All I can say is I have been following his formulas (based on Benjamin Graham, Warren Buffett and Richard Simmons) and have found the returns very satisfactory.




That is the best thing about opinions - we all have one and who is to say who is right?

Good to hear that you've done well out of his formulas,

Personally I just go straight to the horses mouth these days,
I get what I need directly from Graham and Buffett and try to avoid anything else,
If there's one modification I would encourage in particular to Roger's formulas it would be to factor in all liabilities in calculations,
Both Buffett and Graham have emphasized this in everything Ive read but it seems that not enough attentions is paid anymore,
They still need to be paid back whether they incur interest or not,

I used stockval because Roger not only used it but in his presentations suggested that his followers do as well. The website had a video ad in which he was preaching about it when I first used it.

Id also like to know how someone can claim to use Buffet's method of intrinsic valuation when he says that he hasn't ever revealed it,
I am a huge Graham fan though so I will usually encourage a more traditional approach to value investing.

Its probably not in my best interest to keep arguing this point,
The more value investors that move over to a more growth oriented strategy (like Roger's) the more bargains there will be for me.

 

[ubtheboss]

If there's one modification I would encourage in particular to Roger's formulas it would be to factor in all liabilities in calculations,
Both Buffett and Graham have emphasized this in everything Ive read but it seems that not enough attentions is paid anymore,
They still need to be paid back whether they incur interest or not,

Id also like to know how someone can claim to use Buffet's method of intrinsic valuation when he says that he hasn't ever revealed it,
I am a huge Graham fan though so I will usually encourage a more traditional approach to value investing.

Its probably not in my best interest to keep arguing this point,
The more value investors that move over to a more growth oriented strategy (like Roger's) the more bargains there will be for me.

Hey Sirloin,

I'm still new to this but I think by using a companies EOY equity figure (which Roger's method does) you are by definition including total liabilities in your calculations yes?

 

[Darc Knight]

Neither Dymocks nor QBD bookstores carry Value.able nowadays. Every other investment book is there though. Interesting I thought.