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Shownotes for Tuesday, December 27th, 2005

“Shareholder Apathy” (1.001)

Rant: Shareholder Apathy

Phil Fisher

Conservative Investors Sleep Well

Common Stocks and Uncommon Profits

Company: Village Supermarket (VLGEA)

Village Supermarket

VLGEA

10 year stock chart of Village Supermarket

10 year stock chart of Village Supermarket vs. Wal – Mart Stores

Return on Capital (ROC; ROIC)

Return on Equity (ROE)

Talk: P/E Spread

Large Caps; Mega Caps

Growth Factor

Incremental Return on Capital

Durable Competitive Advantage

Franchise

Duopoly

Mini – monopoly

Extraordinary Return on Capital

Intrinsic Value

No Growth Business

Profitable Growth

GAAP

Mention: Greenblatt’s “Little Book”; Lexmark’s IR

Lexmark Information Request

Joel Greenblatt

“The Little Book that Beats the Market”

Contact Info

Listener Email: showmail@gannononinvesting.com

Listener Voicemail: 1 – 800 – 782 – 1687

Next Show

Thursday, December 29th, 2005

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