10 Most Recent Articles
Written By: Geoff Gannon

1	The Wonders and Horrors of Compounding Written by: Geoff Gannon | Distributed: 2006-03-09 | If you're reading this because you're interested in what I have to say about Google (GOOG), you can stop now. I'm not going to say anything interesting about Google. Rather, I'm going to say something (that I hope is) very interesting about the wonders of compounding.
2	Why Return on Assets is the Hit by Pitch of Investing Written by: Geoff Gannon | Distributed: 2006-03-08 | Despite all appearances to the contrary, this is an article about investing – not baseball. So, to those of you who love reading about investing but hate reading about baseball: don't be deterred. It's worth reading all the way through.
3	An Analysis of Energizer Holdings (ENR) Written by: Geoff Gannon | Distributed: 2006-03-02 | Energizer Holdings (ENR) owns two of the world's great brands: Energizer and Schick. Currently, about 70% of the company's sales come from the battery business and 30% come from the razor and blades business. International sales (from both businesses) account for almost exactly half of all sales.
4	Comparing Google's Search Franchise to McCormick's Spice Franchise Written by: Geoff Gannon | Distributed: 2006-03-01 | Google has a competitive advantage. In fact, one might even say it has a franchise in web search. I wouldn't say that. I mean, Google does have a franchise; but, it doesn't have a monopoly on web search and never will.
5	The Logic Behind Technical Analysis Written by: Geoff Gannon | Distributed: 2006-02-24 | Let me first say that I do not now engage in technical analysis; nor, have I ever engaged in technical analysis. I do not believe doing so would be a productive use of my time.
6	An Analysis of Overstock.com (OSTK) Written by: Geoff Gannon | Distributed: 2006-02-17 | Why is a value investor writing about an unprofitable internet company? Because value investing is about finding dollars that trade for fifty cents; with a market cap of less than 75% of sales, Overstock.com (OSTK) looks like it may be exactly that.
7	An Analysis of Lexmark (LXK) Written by: Geoff Gannon | Distributed: 2006-02-14 | In 2005, Berkshire Hathaway bought about a million shares of Lexmark. I haven't followed this story closely, but I assume the stock was purchased by Lou Simpson rather than Warren Buffett.
8	Against the Top Down Approach to Picking Stocks Written by: Geoff Gannon | Distributed: 2006-02-09 | If you have heard fund managers talk about the way they invest, you know a great many employ a top down approach. First, they decide how much of their portfolio to allocate to stocks and how much to allocate to bonds...
9	Why Are Duopolies So Competitive? Written by: Geoff Gannon | Distributed: 2006-01-31 | A duopoly is a situation in which two firms control nearly all of the market for a product or service. Duopolies can be surprisingly competitive.
10	On Formulaic Investing Written by: Geoff Gannon | Distributed: 2006-01-26 | A value investor looks at investing formulas proposed by three men: Benjamin Graham, David Dreman, and Joel Greenblatt. He then asks whether any of these formulas will lead to above market returns.