This Sticky Stock Is a Steal

In most walks of life, sticky is bad, if not downright disgusting. Nothing ruins my day more quickly than stepping in gum or grabbing a door handle that leaves a surprise between my fingers. But in investing, sticky is great -- at least when it comes to revenue.

Simply stated, companies that generate sticky revenue hold up better when the economy is lousy. Finding these businesses can help you find winning stocks in low- and no-growth environments like we have today.

Why is sticky stellar?
Sticky revenue goes by many names: recurring, subscription or annuity revenue, just to name a few. Whatever you call it, sticky revenue is predictable and stable. It represents sales that we feel comfortable counting on in the future.

Companies that have it can invest in capital projects more confidently, and can focus their efforts and money on generating new sales. We benefit as shareholders because stable cash flow encourages growth investment, dividends, and share repurchases.

Consider an automobile manufacturer and a mechanic. The car maker sells you a car once, books that single sale, and doesn't hear from you again until years down the road, when you're ready for a replacement or need a Volvo (with extra airbags) for your 16-year-old. The automaker's sales are one and done.

Meanwhile, your mechanic gets to know you by name, thanks to oil changes every 2,000 miles, scheduled maintenance every 30,000 miles, and touch-ups from time to time when permit-wielding Junior sideswipes the mailbox. As you can see, frequency plays a role in explaining why recurring revenue is so special.

A second reason sticky revenue matters has to do with consumer behavior. When times are tough, consumers are more likely to suspend new purchases than they are to alter existing purchasing habits. For example, in the event of an economic downturn, most car owners would opt to delay the purchase of a new car, instead of skipping an oil change.

In search of stickiness
The mechanic example above is an example of subscription/servicing sticky revenue, but there are other flavors. A popular example is Procter & Gamble (NYSE: PG  ) and its razor-and-blade sticky-revenue model.

Even as the rugged look (see Matthew Fox from Lost) and bum look (see Zack Galifianakis from The Hangover) refuse to go the way of the bell bottom, most of us shave every day. In economic booms and busts, we buy razor blades every month, resulting in two brands (Fusion and Mach3) that each generate sales of more than $1 billion for P&G.

With P&G set to launch its new ProSeries line of razors and skin care later this month, it seems likely that its reliance on sticky revenue will continue.

A lesser known example of sticky revenue comes from providing a mission-critical behind-the-scenes service. Jack Henry & Associates (Nasdaq: JKHY  ) provides software and processing services to over 9,800 small- and mid-tier banks. Without these services, smaller banks would have to take mundane (but vital) tasks like electronic funds transfer and online bill payment in house and wouldn't be able to compete profitably with their larger competitors. 

As a result of its sticky revenue sales, Jack Henry has trounced the S&P 500 over the past 20 years, generating annualized returns of 30% per year versus only 6% for the market. With its acquisition of iPay Technologies announced last month, Jack looks to be adding mission-critical services (and more sticky revenue) going forward.

Sticky is as sticky does
Sticky revenue doesn't necessarily translate to market-beating results like at Jack Henry. However, during the economic downturn, when generating sales has been tough, companies that benefit from the resiliency of sticky revenue have had an easier go of things:

Company

3-Year Stock Performance

Sticky Revenue?

3-Year Sales Growth

Dell (Nasdaq: DELL  )

(52%)

Nope. Dell sells are one-offs of computers and related electronics.

(3%)

Winnebago (NYSE: WGO  )

(65%)

Nope. RV sales have plummeted 77% since 2007.

(63%)

Netflix (Nasdaq: NFLX  )

415%

Yup. Netflix is so useful, fun and accessible, its subscription is as sticky as it gets.

64%

Oracle (Nasdaq: ORCL  )

12%

Yup. Of the $23 billion in revenue, much of it from mission-critical software, 50% is sticky.

42%

Steal this sticky stock today
Dresser-Rand Group (NYSE: DRC  ) operates in two lines of business. It custom-designs and sells rotating compressors and turbines to help get oil and gas out of the ground, ship it to and fro, and refine it.

Its second business is similar to the mechanic's business we referenced above. The company installs, services, and repairs the equipment it sells and equipment sold by other manufacturers.

Because the equipment runs continuously and is mission-critical, if it ain't workin', the cash register ain't cha-chingin'. As a result, customers sign up for 30 years' worth of scheduled maintenance, and call in any other unexpected breakdowns.

Customers actually make a plan to pay Dresser-Rand, on a scheduled basis, for more than a quarter of a century. Now that is sticky revenue.

During 2009, the company generated 45% of its $2.3 billion in sales from its service business, and it has been growing those sticky revenues at a 10% clip. Even if the price of oil were to plummet, and customers decided to hold off on buying new equipment, the installed units still need to be serviced. Dresser-Rand is happy to oblige -- it makes 20%-plus operating margins along the way.

With almost half of its revenue base highly predictable, and a leadership position in both of its businesses, DRC's shares are a steal at $33. This price translates to less than 16 times 2010 forecasted earnings.

Make money in every market
Finding companies that benefit from sticky revenue is tough, but the payoff is worth the hunt. Uncovering market leaders with the stickiest revenue streams is one of the ways that Motley Fool Pro copes with a sluggish economy. If you agree that sticky is beautiful, and you want to learn more, drop your email address in the box below.

Bryan Hinmon does not own any shares listed in this article, but he does generally have sticky fingers. Netflix is a Motley Fool Stock Advisor recommendation. Procter & Gamble is an Income Investor pick. The Fool owns shares of and has written puts on Oracle. The Fool owns shares of Jack Henry & Associates and Procter & Gamble. The Motley Fool has a disclosure policy.


Read/Post Comments (26) | Recommend This Article (170)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On June 07, 2010, at 4:44 PM, 7footmoose wrote:

    There are no steals in an irrational market such as we have today. The individual investor is being slowly, well maybe not slowly, driven from the stock market. The market has turned totally irrational. There is no where for the value investing buy and hold to hide. Perhaps it is the big boys or the HFT's but the stock market is turning into a high stakes game of chance where the house holds all of the aces. When virtually every Dow component falls in a single day several times in a short period of time there is no rationality left. When a company such as Cisco holding $40 billion in cash on a stellar balance sheet with record earnings get pummelled day after day there is no longer safety in quality stocks. Maybe if the individual invetor finally leaves permanently then the big boys will realize they can only shill each other and then the markets for stocks and corporate debt will collapse,

  • Report this Comment On June 07, 2010, at 7:36 PM, thisislabor wrote:

    ahh... 7footmoose has lost his faith. I believe in accounting they call that "investor confidence".

    w/e, markets go up, markets go down, money abounds!

    never heard of DRC the company before. great read, thanks guys!

  • Report this Comment On June 07, 2010, at 7:57 PM, nutsandbolts wrote:

    I read the article and thought Oh, boy I gotta check this out. well!!! as Jack Benny use to say,

    The company has only been in business 8 years...hmmmm so great, so young.

    WHO STARTED this company?...surely someone who knew the business. Strange, could not find the directors, LET ALONE THEIR BACKGROUND.

    Well, WHO FINANCED THIS COMPANY as a start-up just 8 short years ago? I should think TMF could give me better information. They had to have 'learned the ropes' by past experience but who knows?

    Brooks....I'm outta here!

    I'm outta here! :o(

  • Report this Comment On June 07, 2010, at 8:15 PM, foorpool wrote:

    MF has been saying "Make money in every market" for as long as I have been following them. If so, why doesn't everyone out there pile on? Or... has the MF been able to make *REAL* money by hawking their news letters? This is a serious question. I'm not being sarcastic. "in every market" is a tall claim.

  • Report this Comment On June 08, 2010, at 12:51 AM, Rowants wrote:

    I have a stock advisor subscription, so what about Energizer and National Oilwell Varco? I bought ENR at $65 and NOV at $42 when recommended, now they are $54 and $34. Thanks alot.

  • Report this Comment On June 08, 2010, at 5:21 AM, 7footmoose wrote:

    to Rowants,

    I hope that you did your own research on these names.

  • Report this Comment On June 08, 2010, at 7:59 AM, weslindsey wrote:

    7footmoose - I understand where you're coming from, but lots of people use Motley Fool subscriptions as their primary source of research.

    This may or may not be wise. The guys at Stock Advisor are paid well to pick stocks that will outperform. But sometimes... well, they're wrong. Take a look at the total returns of the Million$ Portfolio on the front page. Bet the folks who paid for that "one time, exclusive deal, only available to a limited number of people" are really jazzed about the -25% return since inception. TMF is a little duplicitous in that regard. Out of one side of their mouth, they say, "Trust us, we've done the difficult research." Then in the fine print, they say, "but we could be wrong, do your own due diligence," and then leave the rookie investor to go figure out what "due diligence" means.

    foorpool - it's no secret that TMF makes its money off subscriptions. Just read their articles. About 98% are a not-so-inconspicuous pitch for one of their newsletters. I don't fault them for that. Everybody wants to make a buck. Sometimes I wish they weren't so obvious about it. TMF homepage reads like an infomercial on most days.

    TMF would have more credibility with me if they weren't always pushing "buy, buy, buy." For most investors, this is not a market you want to be in - especially if your money is in a retirement account. Nobody likes to see their IRA down 20%. Most honest financial advisors would recommend being mostly in cash right now. Sure, there are some great buys now, but just because BP is down 37%, doesn't mean it can't go down ALL THE WAY TO ZERO - then what have you got?

    Brokamp over at RYR did at least discuss the moving average strategy a couple of months ago. That's the first time I've ever seen TMF even suggest that there are times when you don't want to, or shouldn't be in the market. Kudo's to him.

  • Report this Comment On June 08, 2010, at 1:58 PM, Rowants wrote:

    If I knew how to do all the research, due diligence, etc, I sure wouldn't be paying for a newsletter. I do try to get other opinions on certain stocks before investing, but I'm not a genius. I do know that .25% on bank cd's isn't going to get me where I want to be.

    I asked my retirement advisor about TMF before subscribing. I really dislike TMF's type of advertising, which reminds me of both get rich quick schemes, and low class tv ads (used cars, ronco-type crap, and anyone thinks they need to yell....). He told me TMF is above board, they just have a questionable ad style. I am begining to wonder though, considering how much of my time is wasting reading their pitches for newsletters disguisded as information.

    Maybe if I put as much time into learning to do my own research as I waste on reading TMF's daily drivel, I'd do better, and not have to spend money on their newsletter.

  • Report this Comment On June 08, 2010, at 10:42 PM, ajaykc wrote:

    I completely agree with 7footmoose...

    Theory of conservation says...total amount of money is conserved unless governments are printing it. So money is just changing hands...Now the question is who is looser and who is the winner. Big Guys sitting on wall street come on TV and define the market sentiment and keep revising their earning estimates and they never get it right. They have made the whole investing thing as Slot machine in Las Vegas where you know, you loose and loose and win if you are lucky. There is nothing about fundamentals in the market. Before May 6, all Big Guys were talking about V-shape recovery now they all are talking about double-dip.

    I wonder what will happen to the market if all business news channels are turned off for a day. There wont be bulls and bears, there will be only INVESTORS.

  • Report this Comment On June 09, 2010, at 1:33 PM, DJDynamicNC wrote:

    I have found quality advice here at the TMF, and have been building a quality strategy that is (so far) holding me in good stead. You can quibble about the details, but the general philosophy of TMF - upfront disclosures, value and safety, dividends and retirement planning - is quite above board.

    There's also the CAP segment, which crowd-sources the process, and lots of good information can be had there.

    You are correct, however, in that you should be looking at investment diversity right now. I have strong doubts that we'll be seeing anything like the kinds of historical gains that investment firms are always touting for the near future. We've done a hell of a number on our economic system (thanks, Phil Gramm!) and the repairs that we've begun are going to take a long time to bear fruit, even if we do pull them off (which is itself in doubt).

  • Report this Comment On June 10, 2010, at 4:07 PM, mDuo13 wrote:

    Sorry ajaykc, the law of conservation hasn't applied to money ever since the concept of "lending" was invented. Booms are periods when people buy real products with imaginary money, and busts are periods when people have to suck it up and either make that imaginary money real or beg forgiveness.

    Most likely if all news channels were turned off for a day (and assuming that this very thing didn't make people panic), the stock market would stagnate while most investors wait for more data on which to make rational decisions.

  • Report this Comment On June 11, 2010, at 12:24 PM, TMF42 wrote:

    Hey all,

    I’d like to respond to a few of your comments…

    Nutsandbolts…

    You cited that DRC was a young company (8 years old). DRC is actually a staid and mature company whose roots go back to the late 1800’s. You can see a company history on their website (http://www.dresserrand.com/company/history/). It went public only a few years ago, which is what you may be referring to. However, the company has a long history in manufacturing and innovation - it has earned its market leading position over a very long period of time. Its recent history involves the combination of Dresser Industries and Ingersall-Rand (hence the name, Dresser-Rand). It was then bought by Halliburton and sold to a private equity firm who took it public. Since then, DRC has paid off much of the debt the PE firm saddled it with. So rest assured, DRC has a long history and impressive track record.

    Foorpool and rowants…

    I’m disappointed to hear of your unhappiness with the Fool. I can tell you firsthand, there are a ton of smart people doing the research, providing the analysis and writing the articles. Honestly, I think the work we produce is top notch and fits our mission to educate, amuse and enrich.

    It is important to realize that this article was written for our free website (www.fool.com). TMF has been delivering free online content for years – and we’ve learned the hard way that ad revenue doesn’t come close to covering the cost of running the site and providing timely and informative analysis. We’ve got to pay analysts, writers, editors and keep the lights on. I’m pretty sure that you’d be even more upset if each time you visited our site you were hit with 6 or 7 popup ads – I know I would be. That would be good for our revenue stream but be a terrible experience for you (and our other readers). So instead, we publish about 50-60 articles a day, some of which include a plug (generally only 2 or 3 sentences at the end) for our newsletter services. We try very hard to make sure that the articles themselves are useful to you and not just a plug for our services. Honestly, I think we do that.

    DJDynamicNC…

    Thanks for the kind words. We realize the markets are going to go up and down – we can’t stop that. But we try hard at delivering a clear and consistent message along with some good (but never perfect) investment research. I’m really glad you are getting that message loud and clear.

  • Report this Comment On June 11, 2010, at 1:09 PM, northofbeyond wrote:

    You didn't address the comment that you continue to tell us to do our own research even when we pay for the newsletters. If we had the time and expertise to do our own research, we wouldn't be ponying up the dough for your newsletters and recommendations. At least take some blame when your recommendations go south...

  • Report this Comment On June 11, 2010, at 1:33 PM, shenoy2206 wrote:

    Hello Folks,

    I think $99 a year is a good amount to pay for the quality of input on each of our SA stocks. The fool brothers & thier team invest a lot of time & energy to give us the latest on each of ths stocks. At the end of day they point our attention to the best quality stocks in the market. Stock investing is more like buying a piece of the company business profits. I belive quality companies will deliver profits & hence returns to individual investors.

    My Mom's brother earrned millons by putting his hard earned money buying shares of good companies. Could he have done the same putting his money in bank CD? Answeer is NO!

    So what alternative have we got. Just invest in good to great company stocks. I am sure over the long term horizon they would deliver better returns than bank CD's

    My uncle died a rich man & he left the fortune to all his children & grand children. Made donations for good causes. He lived a good life, he got lot of love & care from his family & died in peace.

    What more can one ask for in one's life!

  • Report this Comment On June 11, 2010, at 1:51 PM, Big50Shooter wrote:

    My 2 cents here...

    Overall I thought this to be a good article, and the DR company, also being new/unheard of company to me, is very interesting. I WILL look it up and add it to one of my watch-lists...

    Yes, the Fool does do a lot of "selling" of their services to people who already hold an account with them, but hey, that's how they generate income. I try and sell my current customers new products too!

    On the topic of due-dilligence... Yes, there are a lot of "BUY-BUY" articles on the Fool, but a local financial advisor will do the same thing, and migth nto give you as much info behind their "buy" call to back it up! Believe me, I don't know a TON about being a successful investor, but I DO know the basics of a balance sheet, and I DO have a "life" in that I think I can tell what a good trend is, what direction certain facets of society are going, and I can use these things to guide myself through the "BUY-BUY" banter and select the stocks that I think will truly perform in the long run...

    IF you aren't doing these things yourself, quit the Fool, and go out and find yourself a local advisor who will take MANY "gambles" with your money. If it makes you feel good to have somebody do it for you, then have at it... Me, I like to be involved with where my $$$ is going, even if I am not "perfect" in every decision that I have made...

    On the market overall, I don't think this is a perfect time to be doing a LOT of buying, but that is not to say that there aren't "some" decent buys out there... I still think we will see a bit more of a downswing in the Dow/S&P (I'm guessing a couple thousand points in a semi-gradual bleed). But, if you don't do you homework, you'll be doubtful when the "test time" comes around...

  • Report this Comment On June 11, 2010, at 2:49 PM, TMFBreakerRob wrote:

    "If we had the time and expertise to do our own research, we wouldn't be ponying up the dough for your newsletters and recommendations." -- various folks

    I have both the time and the expertise, yet I find the newsletters...and ESPECIALLY the discussion boards to be invaluable resources that I can leverage to be far more effective with my investing. Plus, I enjoy the give and take on the boards...there are a lot of friendly folks. :)

    "At least take some blame when your recommendations go south..." -- northofbeyond

    The Fool advisors readily take that "blame", but recognize that nobody bats a thousand. The idea is to make market beating returns....not be perfect, as I'm sure most would agree.

    *****

    In my own years since hanging around the Fool, I've got no cause to have regrets overall. Yes, I've had losses, but I've had multi-baggers as well. Market beating? For me, yes, from both the subscription and the non-subscription boards....those boards have been the key for me.

    May your investing be fun and profitable, folks!

  • Report this Comment On June 11, 2010, at 3:23 PM, breathlessart wrote:

    Have to agree with footmoose: this market is really only for the big boys and they really deserve to get what they are doing to everybody else. Vanity Fair did an interview a couple of issue back with the guys who first started the crash last year: their response, they were genuinely surprised that their sell-off did not trigger more buy-ins and instead everybody started leaving the marked. D-uh.

    Motley Fool has made some good picks: but it's also true that fortune cookies can get things right on occasion. Hate the spamming of customers they already have; and hate the articles that offer promising content through their headlines but go nowhere. Great that you have good copy writers, but how about hiring writers that can offer real analysis over 'my grandmother bought this stock and now I'm rich because she left me her portfolio.' Warren Buffet is where he is because he bought when stocks were considered expensive at .10 cents. The difference today is that your premium stocks, WAMU, C, (look at BP) are no longer stable.

    Want to really help your subscribers? Start researching the penny stocks in earnest, and if they have a future.

  • Report this Comment On June 11, 2010, at 4:17 PM, JestYourFool wrote:

    This article certainly generated a large number of comments!

    I am a subscriber to TMF Stock Adviser and Inside Value. I don't think the subscription prices are excessive given the information they provide. I would imagine that the expenses for a fund manager would be much more than $200 a year!

    I'm not a great investor. My caps rating is below 20 - but I don't have real money in everything I choose at caps. It's more of a "game" for me. In the real world, my investments are definitely doing better than the .25% I could earn from a CD.

    I would love to be as knowledgeable as Ultralong, BravoBevo, Bullishbabo, and tenmiles! (I'm not even sure where they find all their research!) I definitely appreciate that TMF gives them a forum to give the rest of us some great insights to companies and be in on some lively debates!

    I know that TMF puts an ad in almost every article. However, the ad is usually the last paragraph, and I can always stop reading at that point! ;)

    Overall, TMF has given me a great amount of information about investing. Whether it's with large, dividend paying companies like P&G or small caps such as AXTI - I found the information about the company here at TMF.

    Remember, these articles are "free" information. You do not need to take their advise or even read their material. That the economy has tanked and we are in a deep recession is just the part of living in America (and the world) right now. TMF does not control the market, but I do appreciate the information they provide!

  • Report this Comment On June 11, 2010, at 7:26 PM, geraldas wrote:

    TMF : Offers great picks. Indeviduals have to select the grestest of the great.

  • Report this Comment On June 11, 2010, at 10:50 PM, steve20423 wrote:

    For all Nimrods out there taking pop shots because your investments went "South" here's a little tip. I bought the hidden gems newsletter. Lots of options to pick from and many have been a rollercoaster. But if you have quality unbiased research and buy stock in a company and hold it awhile and read their annual report and believe they are committed to aggressively managing the company on your behalf when the price drops a bit you should view it as an opportunity to buy. I bought Select comfort SCSS at $8.50 learned more about the company beleive what the newsletter said and woke up one day to find the stock at $3.50. Well look around housing is down so is bed sales. The stock dropped down at one point less than a dollar. At a $1.10 while the rest of you were crying I bought 15000 shares because when quality goes on sale you buy.

    The stock closed today at $9.37. Try getting that kind of advice from Merrill Lynch or Goldman Sachs for $99.00.

    BTW I sleep like a baby on select comfort mattress! Honestly, I have not found one stock to be of low quality. I don't always agree with their outlook but we all come from different backgrounds and have own outlook on the world. Dresser is one of those high quality companies. It's at a fair price now but was a steal at $15-16 a few months ago.

  • Report this Comment On June 13, 2010, at 2:41 AM, mrwflyer wrote:

    Back in the early 80's, I watched Dresser continue to be profitable when most other oil related service companies were struggling to stay open. Of course, this is when several of these companies were much smaller and private and obviously not well known except to those of us close to the livelyhoods based around the oil and gas production, drilling, and service companies. Dresser has always been a company in which working people looking for stability and benefits in a company, would try to gain employment. TMF hit the nail on the head when talking about a company that locked up revenues into the future over several years, just to ensure the equipment was maintained well. Not much competition for Dresser in the nitch they work in. Of course, if for some reason our government throws a moratorium on production of oil and gas, like they have on drilling, Dresser may not be needed, right? Don't need compressors if we don't produce or and gas anymore. I never thought that all drilling would ever be shut down. What do I know?

  • Report this Comment On June 13, 2010, at 11:07 AM, rwmec wrote:

    I'm generally in agreement with steve20423, that once you have done your due diligence on a recommendation and you have looked at a 3month, 1 year and 2 year chart to get a general idea of where the stock has come from and where it might be going, I like to make a 250 share intial purchase and add to it if there is no substantial negative news. Typically it may have to drop 20% or more before I decide to buy and maybe I will buy up to another 500 shares with my overall goal of holding an even 1000 shares. Then sit back and let it work for you. I have learned patience, because it always seems that once I give up on upside movement and sell, to invest in "something better" the stock will almost immediately move upwards. I have learned to be confident in my initial picks, add shares if they drop substantially and most importantly help that out by being patient.

  • Report this Comment On June 14, 2010, at 4:55 PM, billqpgmr wrote:

    I'm in agreement with Steve and RWMec...in case you missed it, one of the real key messages that the Motley Fool has been putting out there is that the 'big boys', whether you are dealing with an independent financial advisor or Merrill Lynch don't have any better crystal ball than we do...better research, maybe, but no idea what tomorrow will bring. How can we expect TMF to know that investor confidence (meaning stock prices) will take short to medium term dips on solid companies doing all the right things. As someone said, Doh...you pay your money and take your chances.

    Even working with that financial advisor, you have two options - pay them an annual percentage of the money you want them to manage carte blanche (using their own cloudy crystal ball), or you listen to their recommendations, think about it (check things out, do your due diligence) and then YOU make the decision. That's essentially what is meant by the recurring phrase that you do your own due diligence - it is that YOU are the one making the decision, going to etrade and buying the stock.

    I've been a happy recipient of the Income Investor for about 10 years, and my only real regrets were when I made the decision to ignore sell recommendations. Sure, stocks have gone up and down, that's what they do...but as long as the company is still fundamentally sound, well led, and doing what I expect them to do, as RWMEC said - them's buying opportunities. Close to the bottom, first quarter of last year, I went on a buying spree on my dividend stocks and am now looking like a genius. That, plus I love to see the dividend re-invenstment posts in my etrade account.

    My investing strategy is to spread the money around - I started out with a 1500.00 target per stock, and now my target is between 3k and 4k per stock - dollar value, not shares.

    And I've run with other dividend ideas besides...but my non-401K portfolio is about 85% dividend investor recommendations, either past or present (yes, I'm still a believer in some they left behind).

    So my final word for those of you with sour grapes...sorry for your ill timed purchases, or perhaps more appropriately ill times sales. I'm a believer in the market as a determinent of the national mood and the forward state of the economy, and for the long term there is still every reason to be optimistic. Short term money should be elsewhere.

  • Report this Comment On June 14, 2010, at 5:21 PM, Borbality wrote:

    Just wanted to add that I very much appreciate all the free advice and forum on the Fool. I came into this site as a complete novice with no background in finance and each day I feel more confident and eager to make good decisions with my money.

  • Report this Comment On June 22, 2010, at 11:04 PM, futiefu wrote:

    foorpool needs to remember that TMF is a business and needs to hawk its products with hyperbole. If you do not do your own homework, and totally copy off TMF, then you will eventually be sorry. I have a SEP and an IRA, so I can not afford to take the losses and buy and sell like TMF

  • Report this Comment On July 18, 2010, at 8:44 AM, deltafox2 wrote:

    DRC currently is #2 top of the list with a Graham investor forward intrinsic value of 700$ for some reason or other, perhaps someone could comment

    http://www.grahaminvestor.com/screens/graham-intrinsic-value...

    It's a shame DRC does not pay dividends - this would make it attractive as a long term investment

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