I have a 40 year background in accounting and finance at a number of public and private companies in increasingly responsible positions and have been a CFO for the last 20 years. My background in preparing financial statements, reporting to the Securities and Exchange Commission and having been involved in a number of company sales and purchases are invaluable tools in reading and understanding public company financial statements and their valuations.
I have been investing in my own account since 1987 and have attained double digit returns in my accounts. My stock selections have had an 80% success rate and average returns of over 30%. My blog portfolio is up 400% since the end of 2008 and was up 31% and 48% in 2012 and 2013 respectively.
I have developed my own investing methodology which uses a quantitative proprietary screening formula to select investment opportunities. My focus is in the technology and medical sectors. The formula is a proxy for the buy-out valuation of a company and is retested continuously. While not all of my selections end up being bought out, they are usually cash laden companies with the downside limited by the cash position that are generally undiscovered by the investment community.
I started Cheap Stock Investor in the spirit of self discipline and to share my passion for investing. I hope you find the information valuable and inspiring.