Preliminary Analysis Training Video for Client

Preliminary Analysis Training Video for Client

In this video, I made a preliminary analysis training video for a Value Investing Coaching Program client.

In the video, I take the client through everything I do on a preliminary basis.  Explain why I look at everything I do.  Explain what everything means.  And most importantly, why everything I look at is important in the context of evaluating an investment.

Below is an edited transcript of the first part of the video… You can watch the full video further below.

And one last note before getting to the transcript of the video…

The client picked this company for us to do a real-time and real-world analysis on because he was interested in this company as a potential investment.

I’d never seen or evaluated this company before meeting and talking with this client.

***

Since we’ve already talked about this company a bit on a preliminary basis, I’m doing things differently than I normally would on a preliminary analysis.

I’m also going through this slower than usual so I can explain what everything means.

The first thing I do is go to Morningstar, open up the key ratios tab and the financials tab in another page so I have those handy and ready.

The first thing I want to mention here is that I was able to find its ticker on Morningstar unlike the other day when we were talking.

It’s listed on the Frankfurt exchange on Morningstar under the ticker SGQ.

You’ll notice SGQ lists in Euros on Morningstar as well.  Make sure to always notice which currency the company lists on financial sites.

Go to Google Finance, same company but this time the company lists on the Singapore Exchange under the ticker B7K.

I’m going to reference the Google finance listing throughout but I’m going to be using the company’s financials listed on Morningstar because that’s where I do all my preliminary analysis as they have more information.

But because of this difference please keep in mind some of the numbers may be different from the ones you’re seeing.

This is because the Google finance numbers are i n Singaporean Dollars (SGD) and as mentioned above Morningstar lists its numbers in Euros.

The first difference you’ll notice is the difference in market cap of 28.9 million Euros on Morningstar and 44.4 million SGD on Google.

This is likely due to a conversion rate exchange difference and I’ll look at that later.

The next thing I do is get right into the preliminary analysis.  The same one I use for every company I evaluate…

***

To see the full real-time and real world training watch the video below.

And if you’re interested in getting your own one on one Value Investment Coaching please go to the link below.

Value Investing JourneyValue Investment Coaching Program.

Announcing The Value Investing Journey Shop

Announcing The Value Investing Journey Shop

Last week I announced the official launch of the Value Investing Journey – Value Investment Coaching Program…  Something I’d been thinking about for years.

Today, I’m again announcing something else I’ve thought about for years…

The Value Investing Journey Shop.

So far, the shop has all 12 past Press On Research issues.  And no one other than paid subscribers of Press On Research and members of select mailing lists has seen any of these.

Some highlights from these issues are below.

  • As of this writing, the average gain for all 12 picks is 50.3%. These picks are crushing the stock market since April 2015 I began releasing them.
  • As of this writing, the stock market has produced a 15.8% return.
  • This means my exclusive and unreleased picks since April 2015 have outperformed the stock market by 34.5 percentage points.
  • Two companies I recommended grew from sub $500 million market caps to $1 billion plus market caps as of this writing.
  • One company as of this writing is now past $2 billion in market cap.

You can choose to buy each issue individually at its full price or buy all past issues at the current 33% discounted rate.

In these issues not only do I recommend fantastic companies – and one terrible one to avoid – but I continue what I began in How To Value Invest and teach you what the metrics I use mean, why they’re important, and what they mean for the investment thesis.

By buying these issues you’ll also see a bunch of new things since the last time I released a recommendation article.  Some of which are below…

  • Refined valuations
  • Refined and expanded investment processes
  • Analysis and valuation of investment float
  • Some of the new metrics and analysis tools I use including Owner’s Earnings.
  • And more

I’ll continue adding more products to the Shop as time goes so make sure to check back regularly.

If you’re interested in seeing my past stock picks that have destroyed the market since April 2015 and learn along the way go to the page linked below.

Value Investing Journey Shop

Launch Of The Value Investment Coaching Program

Launch Of The Value Investment Coaching Program

I’ve thought about this program for years, have mentored and taught dozens of people over the last several years – thousands if you count those who’ve read How To Value Invest – but have not had time to officially launch a coaching program until now…

Today I’m writing you to announce the launch of the Rivera Holdings LLC. and Value Investing Journey – Value Investment Coaching Program.  While just the beginning – this is the culmination of years of thought and planning.

We’ll continue making improvements as we continue on this journey together, but I’m ecstatic today to announce the official release of this program.

There is some brief info about the program below.  But to see full information and sign up for any of the programs go to the following page – Value Investment Coaching Program.

***

Value Investment Coaching Program

So you’re interested in becoming a better value investor so you can manage your own investments or further your career.  But you’re stuck, not progressing, and beginning to get frustrated and don’t know what your next step should be…

I’ve been there…

Spending several hours, days, or months in this state is not only destructive to your progress but also your psyche.

If you stay in this state for too long the frustration will become too great and you’re likely to give up on becoming an excellent value investor.

What do the greats do when they’re stuck and want to go to the next level?

They work with a coach, find a mentor, and train.

Even the great Michael Jordan as illustrated by the quote below admits that without his coach Phil Jackson he wouldn’t have ended up as great of a player as he did.

So Why Don’t You Have A Coach or Mentor?

If the greatest athletes in the world have coaches and mentors, and increasingly the titans of business do as well, why don’t you have or think you need a coach?

If you’re looking for a mentor or coach to help point you in the right direction in business and life and help get you to the next level why haven’t you reached out to them?

Maybe you’re like me when I started and feel you don’t have the connections, network, or resources to reach out to someone like this.

When I began learning about value investing I couldn’t go to college or get a “normal” job due to severe health issues.

And none of my family, friends, or connections had any knowledge about value investing so I had to learn everything myself.

This led to years of anger, frustration, and lost time that I can never have back.

But I can now help you avoid that same fate…

I’m writing this message today to announce the opening of the Rivera Holdings LLC. and Value Investing Journey – Value Investment Coaching Program

Interviewed By Eric Schleien of The Intelligent Investing Podcast

Interviewed By Eric Schleien of The Intelligent Investing Podcast

A couple of months ago Eric Schleien – @EricSchleien on Twitter – asked if I’d like to get interviewed for his new podcast titled The Intelligent Investing Podcast.

Eric is great so of course I said yes.

In the 49-minute interview linked above we talked about the following things:

  • Value investing.
  • Valuation.
  • How I got into value investing.
  • The smallest company in my current portfolio.
  • The worldwide spread of where I research.
  • Why I don’t short.
  • The art of value investing.
  • My favorite kinds of businesses to invest in.
  • Red flag indicators when researching insurance companies.
  • Book and website recommendations.
  • And more.

Please check out Eric’s brief description of the interview below:

In this episode Eric Schleien interviews Jason Rivera who is on a mission to build a holding company inspired by Warren Buffett’s Berkshire Hathaway. Really fascinating individual and incredibly talented and smart value investor. He is sure to be someone worth following over the next decade to come.

I meant to post this on the blog when it first released but as I was updating the site the other day I realized I forgot to after I posted it to Twitter and Facebook.  My apologies to Eric about this delay.

His podcast has interviews with other great up and coming value investors as well so make sure to listen to them.

And just last Friday Eric announced a digital marketing company is now managing his podcast for YouTube so congrats on that Eric and thanks a lot for having me on your podcast.

You can listen to the interview at the link above.  And make sure to follow Eric on Twitter, and subscribe to his great podcast.

I hope you all enjoyed the interview and please let me know what you thought in the comments below.

Oh and yes I know the umm’s and pauses are terrible on my part.

Please bear with me, it’s what I do when I’m thinking and gathering my thoughts, I’m aware this needs fixing, and it’s something I’m actively working to improve.

Interview For How I Grow My Wealth

Interview For How I Grow My Wealth

Earlier this year John from How I Grow My Wealth asked me a question about P/E and EPS on my post: Why The P/E Ratio is Useless And How To Calculate EV.  And then we talked further about this and other value investing and business topics on Twitter and through a couple of phone calls.

Shortly after this, John asked me if I’d like to do an interview for his site and of course I said yes after our fantastic chats.

Below is a brief excerpt of the in-depth interview I did with him for his site

To view the entire interview please go to this link which will take you to it.

The interview includes talk about value investing, self-improvement, the $8 million acquisition I attempted last year, inspiration from Bruce Lee and Grant Cardone, and more.

I hope you enjoy it.

***

I’m very excited to be sharing this interview with Jason Rivera, a man who in his first five years achieved better returns than Warren Buffet did in his first five years. Who is Jason Rivera? Let’s get into the interview and you’ll find out!

John: Can you provide some background on yourself and Rivera Holdings for those who aren’t familiar with you or your company?

Jason: Yes. I’m a self taught value investor who focuses on small and obscure public companies to buy for my investors. And I’m now also looking for private businesses and cash flow producing real estate to buy as well.

I’m the author of the acclaimed value investing education book How To Value Invest. Have run the blog Value Investing Journey for more than five years now. Wrote a 60-page booklet detailing the immense power of investment float that I released for free to readers of my blog and followers – on Twitter and Facebook – titled All About Float. Have written for several publications and investment newsletters including: Seeking Alpha, Guru Focus, Insider Monkey, and Palm Beach Research Group among others.

I mentor others on how to become great value investors, consult on projects requiring business analysis and valuation skills, and run my investment holding company Rivera Holdings LLC. out of the Tampa Florida area.

John: When you were a kid did you know you wanted to grow up to be a value investor?

Jason: Ha 🙂 no. I don’t have any stories like Warren Buffett where he was buying things at wholesale prices – gum if I remember right – and then selling them at a higher price to his classmates as a kid.

Unfortunately, I was far more interested in playing sports, chasing girls, and playing video games than investing when I was a kid.

I always knew I wanted to make money, start businesses, and help people but the value investing part and putting effort into making those things happen only began happening in my late teens and early twenties…

Thanks a lot John for asking me to do the interview.  I hope our readers gain something from this.