Earlier this year I initiated coverage on Vulcan Materials Company ( VMC ), a leading player in the US aggregate industry. You might know them as one of the go-to suppliers for construction materials acrossI am a value focused investor, conducting fundamental research on sectors like but not limited to chemicals, homebuilders, building materials, industrials and metals & mining. I prefer to invest in stocks which are cheaply available and have a catalyst in the near future. My investment horizon ranges from ...

公司财务与运营状况 - 公司财务状况强劲且拥有无债务的资产负债表 [1] - 公司估值水平较低且股息收益率具有吸引力 [1] - 公司通过多盆地收购进行业务布局 [1] 分析师背景信息 - 分析师拥有超过10年的公司研究经验 [1] - 分析师深度研究过超过1000家公司 涵盖大宗商品及科技等多个行业 [1] - 分析师过去3年撰写博客 后转向专注于价值投资的YouTube频道 已研究数百家公司 [1]

研究背景与专业领域 - 拥有超过10年的公司研究经验，深度研究公司数量超过1000家 [1] - 研究范围涵盖大宗商品（如石油、天然气、黄金、铜）和科技公司（如谷歌、诺基亚）以及众多新兴市场股票 [1] - 在撰写个人博客约3年后，转向以价值投资为核心的YouTube频道，已研究数百家不同公司 [1] - 偏好覆盖金属和矿业类股票，同时对非必需消费品/必需消费品、房地产投资信托基金和公用事业等行业亦有研究 [1]

BSc (Eng), MBA. Self-taught value investor with 2 decades of investing experience. Blogger at i4value.asia. The blog is on value investing through case studies where I analyze and value listed companies in the ASEAN and US regions. I have an exceptional perspective having served as a Board member of a Malaysia listed company for several decades. I have value investing book "Do you really want to master value investing?" on AmazonAnalyst’s Disclosure:I/we have no stock, option or similar derivative position ...

研究核心观点 - 一项由管理资产达9150亿美元的Dimensional Fund Advisors进行的模拟研究显示，以收入为重点的投资组合在抵御高通胀或低股票回报等不利经济条件时极具韧性，其85岁时资产耗尽的失败率仅为0.1%，远低于增长型投资组合超过30%的失败率 [1][2] - 文章认为，对于退休人士而言，能够持续提供增长性收入以覆盖支出的投资组合具有显著价值，这种稳定性使其免受股市或利率波动的过度干扰 [3] - 嘉信美国股息ETF（SCHD）作为收入导向策略的实践工具，自2011年10月成立以来表现强劲，初始10,000美元的投资至今价值已增长至51,000美元 [1][15] 嘉信美国股息ETF（SCHD）产品特征 - 该ETF旨在尽可能贴近地追踪道琼斯美国股息100指数的总回报，该指数筛选了103只具有持续派息记录和相对同行更强基本面实力的高股息股票 [4] - ETF当前股息收益率为3.8%，是标普500指数收益率的三倍以上，其费用比率极低，仅为0.06% [5][16] - 指数规则确保投资组合分散，单一股票权重不超过5%，单一行业权重不超过25%，目前最大行业配置为能源（19.3%）和必需消费品（18.5%） [7][13] 前五大持仓股分析 - 最大持仓股思科系统权重为4.43%，拥有14年股息增长记录，上季度支付股息16亿美元并回购13亿美元股票，当前股息收益率2.2% [7][8][9] - 第二大持仓股艾伯维权重为4.42%，股息收益率3.2%，已连续54年增加股息，近期宣布股息上调5.5% [10] - 第三大持仓股安进权重为4.23%，股息收益率3.2%，股息连续增长14年，2025年股息增幅为5.7%，派息率仅为44% [11] - 第四大持仓股默克和第五大持仓股洛克希德·马丁分别拥有14年和23年的股息增长记录，近期股息增幅分别为5.2%和3.1% [12] 历史表现与估值比较 - 自2011年成立以来，该ETF年化总回报率为12.2%，虽低于标普500同期的15.2%，但仍实现了显著资本增值 [14][15] - 该ETF当前市盈率为17倍，显著低于标普500指数31倍的估值水平，显示出价值投资的特征 [16]

Ares Commercial Real Estate Corporation ( ACRE ) is a mortgage REIT that just reported Q3 earnings . While progress has been made on turning around their distressed loans, plenty of work remains to be done, and otherI analyze securities based on value investing, an owner's mindset, and a long-term horizon. I don't write sell articles as those are considered short theses, and I never recommend shorting.Former advisory representative at Fidelity. I do my own investing now and share my research here.Analyst’s ...

As of 2025, I've got over 10 years of researching companies. In total, throughout my investing life, I estimate that I researched (in depth) well over 1000 companies, from commodities like oil, natural gas, gold and copper to tech like Google or Nokia and many emerging market stocks, which I believe could help me provide useful content for readers. After writing my own blog for about 3 years, I decided to switch to a value investing-focused YouTube channel, where I researched hundreds of different companies ...

Editor's note: Seeking Alpha is proud to welcome Marcal Carbo as a new contributing analyst. You can become one too! Share your best investment idea by submitting your article for review to our editors. Get published, earn money, and unlock exclusive SA Premium access.I started in this world by reading The Intelligent Investor by Benjamin Graham. That's exactly why I was researching mostly deep value companies in the beginning in 2019. The results were not great and at some point I rotated my portfolio to m ...

Investors interested in Electronics - Miscellaneous Products stocks are likely familiar with TD SYNNEX (SNX) and Hoya Corp. (HOCPY) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank is a proven strategy that targe ...

Investors interested in Financial - Miscellaneous Services stocks are likely familiar with Bread Financial Holdings (BFH) and American Express (AXP) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, whil ...