Randy Coard

Former Fortune 500 Corporate Finance guy. Retired to manage our own money.

[Randy Coard @coardr]

@krassenstein I can't imagine Hunter Biden doing anything inappropriate.

[Randy Coard @coardr]

@CDInewsletter Even though % position sizes are the most useful info, you have some big shots on X who need to talk total dollars.

[Randy Coard @coardr]

@JohnHuber72 I've always felt that growth is overrated. Especially since many high growth companies have low ROIC and are actually destroying value. If you look at Buffett's major investments, two things are obvious. 1) He doesn't care about growth and 2) He cares very much about ROIC.

[Randy Coard @coardr]

@Greenbackd One major crisis was the 2022 mid terms.

[Randy Coard @coardr]

@DougKass @JoeSquawk @BeckyQuick @squawkbox @gnoble79 @KeithMcCullough @HedgeyeDJ Pretty sure he was joking

[Randy Coard @coardr]

@SullyCNBC If all the doom and gloom is misplaced, why is he building a $200M bunker? Must be climate change.

[Randy Coard @coardr]

@DividendGrowth I came up with similar numbers but nearly every "expert" article I've read on the topic tells you its better to wait. I think most take a simplistic view and dont consider opportunity cost, time value of money etc.

[Randy Coard @coardr]

@JRogrow @DataTrekMB There is non stop talk about the impressive S&P earnings growth this year but very little discussion or concern about declining free cash flow.

I remember when FCF was used to value a business.

[Randy Coard @coardr]

@firstadopter 100% growth per year but more than that would be difficult.

Its always good to be modest and conservative with your projections.

[Randy Coard @coardr]

@Tangible_Bruce Like many things in investing, people act like there is a right way and a wrong way. It depends...4 yrs ago, I had 45% of our portfolio in $brk.b, $meta, and $goog because they were very cheap and I considered them high quality. But I also had a basket of net nets. (1% each)

[Randy Coard @coardr]

@deblogein @saylordocs And the 3% is before transfer payments

[Randy Coard @coardr]

@ariaradnia Good point. $goog financials need to be adjusted just like $brk.b. Net earnings became meaningless once GAAP came up with the silly idea of running both realized and unrealized investment gains and losses through the P&L.

[Randy Coard @coardr]

@NYCMayor First level thinking.

[Randy Coard @coardr]

@AccesswireNews Don't worry about losing 85% over the past 5 years. Focus on their sustainability.

[Randy Coard @coardr]

@drayinvests Negative free cash flow. Back in the olden days, the value of a business was the present value of its free cash flow.

[Randy Coard @coardr]

@puppyeh1 Are you using Gemini or something else?

[Randy Coard @coardr]

@DougKass Joe T is the only one I know of where you can track his performance since he has his own ETF.

His 5 year CAGR is 8.7% vs 11.4% for the S&P 500.

[Randy Coard @coardr]

There is a lot of talk about earnings growth and P/E ratios but no mention of what really matters: Free cash flow, ROIC, and intrinsic value.

Any company can generate earnings growth by spending massive amounts of cap-ex.

[Randy Coard @coardr]

@financialsamura I would move.

[Randy Coard @coardr]

@EmoryExplorer Great question. Maybe they have enjoyed the great returns for so long, they convince themselves they are diversified enough. Great returns are intoxicating. I warned several people about tech stocks in 1999 when the QQQ had a P/E over 100. I can't think of one person who sold.