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Our Round Tables

Clubhouse, by Ken Kavula, Subscriber February 1st, 2015


FREE and Free-Wheeling Stock Picks

Legend has it that King Arthur’s Round Table seated 150 knights. The one jointly sponsored by the BetterInvesting Mid-Michigan Chapter and Manifest Investing doesn’t seat nearly as many but it manages to produce entertaining, educational and enlightening webinars on a monthly basis.

Round Table Moments. Some of our favorite moments include holidays like Halloween when we get caught up in the spirit, our annual awarding of the Golden Knights each February … Kirk and Spock … Jack Palance … Round Table Live at the NAIC/BI national convention … Thanksgiving with Dan Horinek … our treasured audience (most meetings include a polling of the attendees after the stock case studies) … Cy Lynch’s persistence about patience and discipline … and anything else seasonal or celebrational that matters. We have fun sharing actionable ideas.

The resident knights, Ken Kavula, Cy Lynch, Hugh McManus and Mark Robertson convene to build a tracking portfolio of stock ideas. The Goal: Beat the Benchmark by 5% CAGR and to have a positive return on 60% of the stocks they hold. They’re joined by guests from all over the country including Kim Butcher, Herb Lemcool, Susan Maciolek, Anne Manning, Matt Spielman and Nick Stratigos.

We’re celebrate our annual awards gala on February 24 and invite all of you to the festivities. It’s always easy to register. Just go to the Events tab (shown above) in Manifest Investing and you’ll find a URL for the upcoming Roundtable. If you need a reminder that the program is approaching, drop a note to our fantastic steward who keeps attendee records (nkavula1@comcast.net). She’s also my wife, Natalie! Just ask her to add you to the reminder list and it’s done. After that, you’ll receive a reminder a few days before the event which includes a registration link.

The Round Table gang aims to be informative and to that end we choose themes to follow. I can remember a program built around pork and my Slovak background. We’ve spent time discussing disruptive technologies like 3-D printing, drones, LED screens and new biotech breakthroughs. We’ve even talked about investing from the viewpoint of Spock and Kirk. Last month was devoted to our favorite screens for finding stock ideas. In addition, each knight or damsel presents his or her best stock idea for that month. We’ve had some great picks in the last five years and our next program is devoted to recognizing some of the most outstanding.

Opening a microphone for a comment or question from our audience is a common occurrence at the Round Table and we do a lot of general “chatting” before the formal start of each program. The formal presentations are concluded in about 75 minutes but the knights stay on the line after the official close until all audience questions are answered.

Even if you miss the live broadcast, we archive the old Round Tables on the Manifest Investing website. We also try to post them to YouTube in a timely manner. The next live session is scheduled for February 24 at 8:30 PM EST. Put on your armor (or your best ball gown if you prefer!), register now and join us online this coming Tuesday evening.

Ken Kavula

Ken Kavula is a retired educator and successful long-term investor. Ken has served in a number of leadership positions for the National Association of Investors and is active in four investment clubs. Welcome to the Clubhouse. Subscribers are invited to share their favorite experiences, suggest best practices and most importantly, let us know “What’s on your mind?” What topics and questions do you have? We all get better when we do this together. Email Ken at kkavula1@comcast.net.

Expected Returns, Feb 2015
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Legend
Quality Legend:
Blue Excellent with quality greater than 80.
Green Good with quality between 60 and 80.
Neutral Average or below average with quality between 20 and 60.
Red Poor with quality less than 20.
Companies with less than 10 years of history are penalized by 5 points per year.
PAR Legend:
Green PAR is within the target range of MIPAR +5-10%, currently 5.1%-10.1%
Yellow PAR is above the target range of MIPAR +10%, currently 10.1%
PAR Projected Annual Return
MIPAR The Manifest Investing Median PAR of all stocks in the database.
Company Name Legend:
* Not covered by Value Line Standard Edition.
b Uses price-to-book value for valuation purposes.
P/CF Uses price-to-cash flow for valuation.