aMP Performance Update 2Q17

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Jul, 23, 2017
Sundeep Bajikar
aMP Performance Update

The chart shows acteve Model Portfolio (aMP) indexed value (net of fees) vs. the S&P 500 market index (indexed to 10/31/15), as of 6/30/17. The chart also shows the cash allocation in the portfolio. As of 6/30/17, more than 50% of aMP assets were held in cash, given my view that the market environment was […]

aMP Performance Update 1Q17

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Apr, 09, 2017
Sundeep Bajikar
aMP Performance Update

The chart shows acteve Model Portfolio (aMP) indexed value (net of fees) vs. the S&P 500 market index (indexed to 10/31/15), as of 3/31/17. The chart also shows the cash allocation in the portfolio. As of 3/31/17, more than 50% of aMP assets were held in cash, given my view that the market environment was […]

aMP Performance Update 4Q16

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Jan, 29, 2017
Sundeep Bajikar
aMP Performance Update

The chart shows acteve Model Portfolio (aMP) indexed value (net of fees) vs. the S&P 500 market index (indexed to 10/31/15), as of 12/31/16. The chart also shows the cash allocation in the portfolio. As of 12/31/16, more than 50% of aMP assets were held in cash, given my view that the market environment was […]

Exploring $SYNA Valuation Discount

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Dec, 16, 2016
Sundeep Bajikar
4SAFEt, OLED, Self-Driving Car, Stock Analysis, VR/AR

SYNA stock is down ~25% YTD, trading at EV/S of ~1x (vs. peer group at ~3x+), a valuation discount worth exploring. Synaptics was affected by the Samsung Galaxy Note 7 fiasco over the last year, as well as a secular shift toward integrated touch+display-driver (TDDI), starting with lower-margin low-end phones in China. The shift toward […]

Investment Advice vs. Management – What’s Your Fancy?

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Dec, 09, 2016
Sundeep Bajikar
Financial Services

Today it is virtually impossible for individuals to buy investment advice in a fiduciary framework, without paying for full-on investment management (traditional active management). Traditional active management is designed to take control of your assets away from you, and charge you more for it in the process. Mutual funds, hedge funds, as well as independent […]

Interpreting $FCAU Investment Risks

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Dec, 08, 2016
Sundeep Bajikar
4SAFEt, Self-Driving Car, Stock Analysis

FCAU (Fiat Chrysler Automobiles) appears to be attracting attention recently, with the stock up ~27% over the last 3 months vs. S&P 500 index up ~3%. Starting with FCAU’s valuation discount, I try to interpret investment risks for the stock. The chart below compares FCAU with U.S. peers Ford, GM, and Tesla. At EV/S (TTM) […]

$MU Positive Pre-Announcement

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Dec, 01, 2016
Sundeep Bajikar
4SAFEt, DRAM, NAND, Stock Analysis

Earlier this week Micron increased its earnings guidance for the quarter ending Nov-16, to be reported later this month. Revised guidance is for revenues and EPS to be significantly above the high-end of prior guidance, and gross margins to be at the high-end of prior guidance, driven primarily by higher DRAM prices. Micron also noted […]

What is Risk? A Practical Perspective

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Nov, 30, 2016
Sundeep Bajikar
4SAFEt, Equity Research Process, Financial Services

You and I use the word “risk” frequently in our lives, without really thinking about its definition or knowing whether others around us think of it the same way as us. Not having a specific definition of risk might be acceptable in a non-financial setting; but when it comes to investing, it is critical to […]

Comments Off on Watch the Video – Sundeep Bajikar on 5GQ
Nov, 25, 2016
Sundeep Bajikar
4SAFEt, Books, Equity Research Process, Financial Services

Many thanks to Jake Taylor at 5GQ for creating this interview with me. Jake certainly does ask 5 Good Questions. Hope you enjoy it. Here are Jake’s excellent questions: 1. If you’re a generalist investor, do you have any business venturing into technology investments? Or are you setting yourself up for failure by venturing […]

A Reading List for Value Investors

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Nov, 23, 2016
Sundeep Bajikar
4SAFEt, Books, Equity Research Process

Many of you have asked for my book recommendations, so I decided to publish book reviews after first introducing a reading list for value investors. Value investing is a deeply psychological exercise, one that is usually at odds with the seductive sirens of the stock market as well as society in general, and this is […]

Research