By Lewis Johnson - Chief Conclusion Wouldn’t it be nice to have the confidence that you could pick up the phone and get a straight answer from a trusted expert? We have been working for our entire career to make that a[…]
By Lewis Johnson - Chief Conclusion We have watched and waited for a decade for Potash Corp. of Saskatchewan (POT) to become cheap enough to purchase again. A few days ago, we finally pulled the trigger and decided to[…]
By Lewis Johnson - Chief Conclusion Our level of caution varies depending on where we are in the cycle in terms of time and valuation. The discipline of replacement cost analysis helps us in this endeavor.
By Lewis Johnson - Chief Conclusion Investors must protect themselves from the Siren song of deceptively important “news.” While news can change daily, the value of a company’s assets and business change only slowly.[…]
By Lewis Johnson - Chief Conclusion We believe that the share price of Kirby Corporation (KEX) is undervalued and offers patient investors attractive returns and limited risk.
