I’ve been writing about investing for 12 years now. And the most fun I ever had doing that was when I was co-writing The Avid Hog with Quan. Although no new issues of that newsletter will ever be published, I’m happy to report I just worked out a deal with my partners on that newsletter that means all 27 past issues of the newsletter are now available at FocusedCompounding.com.
So What Was The Avid Hog?
For those who never read The Avid Hog (later renamed “Singular Diligence”), each issue is a single stock report. That report discusses a single stock in a series of 9 articles. These 9 articles – each over 1,300 words long – include separate sections on the 7 points that make up my personal buy and hold checklist:
4. Capital Allocation
7. And what the future five years out from today might look like
In addition to 12,000 words of written analysis, each issue of The Avid Hog included:
- Up to 20+ years of historical financial data
- An owner earnings calculation
- An intrinsic value appraisal
- And a margin of safety measurement
The goal of each issue was to provide subscribers with enough information – in the form of facts, quotes, and data – to make their own decision about the stock. Unlike many newsletters, the focus of The Avid Hog was business analysis. The intended minimum investment time frame was 3-5 years. The stocks profiled were the same stocks that Quan and I were considering for our personal accounts. That’s why you’ll see we did reports on Frost (CFR) and Babcock & Wilcox (pre-spinoff). Frost is now 40% of my portfolio. BWX Technologies (part of the Babcock & Wilcox break-up) is now 25% of my portfolio. So, two-thirds of my money is in ideas I wrote about in reports you can now read.
This free PDF report on Omnicom (a stock I like at today’s $83 price) is a good example of what a typical Avid Hog issue looks like.
Here’s a full list of the 27 newsletter issues now in the Focused Compounding library:
· America’s Car-Mart
· Ark Restaurants
· Babcock and Wilcox
· Bank of Hawaii
· BOK Financial
· Breeze Eastern
· Commerce Bancshares
· Hunter Douglas
· John Wiley
· LifeTime Fitness
· MSC Industrial Direct
· Prosperity Bancshares
· Tandy Leather Factory
· The Restaurant Group
· Town Sports International
· Village Supermarkets
· Weight Watchers
So What Is Focused Compounding?
Focused Compounding is a new website I co-founded with Andrew Kuhn. Its mission is to “create a community of focused investors who compound their capital and wisdom together.”
Our site has:
· Instructional videos (example)
· A forum where members share their favorite stock ideas (there’s already an amazingly detailed Wells Fargo post up there now)
· And “memos” – basically blog posts – from me and Andrew (example)
A membership to Focused Compounding costs $60 a month. However, you’ll save $10 a month for as long as you remain a member when you use the promo code “GANNON” at sign-up.
I hope you’ll become a member of Focused Compounding at the reduced rate of $50 a month (with the “GANNON” promo code) if only to work your way through all 27 newsletter issues in our library.
Membership is billed monthly. You can cancel anytime.
Please give us a try.