A possible addition to the checklist that I personally have near the top of my checklist is, "Do I really know why is it cheap?" And, "Who's the person on the other side of this trade and why are they selling me something of such great value?"
@@InvestingwithTom Yea I have a couple of quantitative things on there as well, like checks on ROIC, shares outstanding and all that just so I don't skip over anything or forget. But also would you mind doing a delve into the question of why Thor is trading cheap. Because its history, growth, and everything seem like they're very star studded and it's a relatively large company. So what do you think the market is missing.
Thank you for the practical walk through. I have a checklist written out but I only tend to run through the exercise mentally. You've encouraged me to lay everything out and save it in a spreadsheet.
Hello Tom, Little question out of the blue : Do you know why the FCF numbers reported on Yahoo Finance and Macrotrends are different for some companies (ex: Tesla) ? I can’t manage to find the answer on the web. NB: congratulations for all the nice videos you provide!
Thanks for this. Investing is a journey in collecting tools while building habits. When you look back after reaching your goal, you will be able to recognize the framework of the house you built.
Great video Tom. If you haven't already read through SRG's recent proxy statement, check out the "recent developments" section... They give a little more color on their estimated distribution range.
Thanks for sharing Tom, great example and you are right, that the Checklist is personal and has to meet your own goals and situation. I like how you included pieces of information from other great investors into your list. I really like the would Warren do it question.
I did an analysis of acquisition prices paid a while back and they were typically 6-8x (pre tax) earnings. So they're paying more than tangible assets (which creates goodwill), but to me it's genuine value. Further to that (just as an example), Thor made 4 acquisitions from 2014-2016 for a total of $2b. Those brands produced $118m in pre-tax profits (7x earnings average price) at the time. Those same businesses in FY21 generated $310m in pre-tax profits. So, the goodwill value is real IMO and they probably understate the value post acquisition as the brands keep growing
Hi Tom, when you say “Chick list” do you mean “Check list” or are you referring to a list of hot chicks? I used to compile lists like this when I was 15; however, I was surprised to learn of so many well known investors like Phil Town, still spending time pulling together lists like this. Thanks for your time.
Get $20NZD when you deposit $100NZD or more with Hatch:
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A possible addition to the checklist that I personally have near the top of my checklist is, "Do I really know why is it cheap?" And, "Who's the person on the other side of this trade and why are they selling me something of such great value?"
Nice! Have you already got a checklist in place?
@@InvestingwithTom Yea I have a couple of quantitative things on there as well, like checks on ROIC, shares outstanding and all that just so I don't skip over anything or forget. But also would you mind doing a delve into the question of why Thor is trading cheap. Because its history, growth, and everything seem like they're very star studded and it's a relatively large company. So what do you think the market is missing.
@@dhirajmeenavilli5508 I think it’s just general fears of a downturn. People are very short term minded
Thank you for the practical walk through. I have a checklist written out but I only tend to run through the exercise mentally. You've encouraged me to lay everything out and save it in a spreadsheet.
It’s quite nice to look back at. I usually save it away and then run the checklist again fresh when buying more
Nice one Tom, thank you! Do you also have a selling checklist?
Hello Tom,
Little question out of the blue :
Do you know why the FCF numbers reported on Yahoo Finance and Macrotrends are different for some companies (ex: Tesla) ?
I can’t manage to find the answer on the web.
NB: congratulations for all the nice videos you provide!
Thanks for this. Investing is a journey in collecting tools while building habits. When you look back after reaching your goal, you will be able to recognize the framework of the house you built.
Love it
Great video Tom. If you haven't already read through SRG's recent proxy statement, check out the "recent developments" section... They give a little more color on their estimated distribution range.
Thanks. Definitely sounds like the market is softening a bit
Thanks for the video and the checklist, the recent videos you posted are really great. Keep up the great work! :)
Thanks for sharing Tom, great example and you are right, that the Checklist is personal and has to meet your own goals and situation. I like how you included pieces of information from other great investors into your list. I really like the would Warren do it question.
This is great! Thanks Tom
Good checklist Tom. Do you compare similar companies to ascertain possible competitive advantages?
really fantastic video
5% mutual fund rule is numnuts
Thank you for the video and more specifically the option to download the list. Will definetly use it. Cheers!
Happy to share. Make it your own!
Tom, as always, you've provided really great insight. What resources did you use to research THOR?
The recent investor day would be a good place to start. Otherwise crack open some 10Q's and 10K's
Thank you Tom for sharing this with all your thought processes.
Happy to share 🙂
Thank you Tom!
Thanks for watching 🙂
You mainly use a pb ratio to value Thor. However do you account for their high levels of Goodwill. If so how?
I did an analysis of acquisition prices paid a while back and they were typically 6-8x (pre tax) earnings. So they're paying more than tangible assets (which creates goodwill), but to me it's genuine value. Further to that (just as an example), Thor made 4 acquisitions from 2014-2016 for a total of $2b. Those brands produced $118m in pre-tax profits (7x earnings average price) at the time. Those same businesses in FY21 generated $310m in pre-tax profits. So, the goodwill value is real IMO and they probably understate the value post acquisition as the brands keep growing
And I thought Guy Spier bought Thor after your pitch on the podcast xD
😂
Hi Tom, thanks for the insightful video! Would it be possible for you to share the excel file you use?
Link is in the description for the template 🙂
Hi tom
👋
Thank you Tom awesome! :D
My pleasure 🙂
What’s your Portfolio?
Hi Tom, when you say “Chick list” do you mean “Check list” or are you referring to a list of hot chicks? I used to compile lists like this when I was 15; however, I was surprised to learn of so many well known investors like Phil Town, still spending time pulling together lists like this. Thanks for your time.
I'm interested to know what the grown up version of you does when researching stocks
Tom your Twitter has been hacked you’re now a crypto scammer
There’s a plague of them unfortunately
No Tom your actual Twitter account regularly when you are not on it likes pornography and post Bitcoin tweets
@@AkaAka-xk7oj can you email an example plz? investingwithtom@gmail.com
I can’t see any of that in my likes or tweet history
Just sent email 👍