People keep asking me how I find high conviction stocks, predict price target or estimate valuation.
The idea is not hard, find a company that will haul tons of profits. The doing is hard because there are so many layers complexity, obfuscation that you have to go through to understand the bottom line. Every sector is a little different.
Warren Buffett said the same thing: “And you’re only looking at two things: how much revenue it will make, and when.”
Understanding is difficult. I'll share a couple examples in my subscriber only.
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