The past 5 years have been truly crazy. A pandemic, a giant stimulus, 20 year high inflation, now record high speed interest rate hikes. I'm in in for the long run. Glad to have others to share the experience with.
I work as auto claims adjuster and one of our KPIs is how many totaled vehicles we send to Copart! We get bonuses for whoever sends the most vehicles to Copart because of how much money we save using them. They provide a Win Win partnership for ins companies.
I always learn from you. What a great channel. Your cool temperament is so very good here in UA-cam where everyone else is turning anything into a drama, it's so very nice to learn from you about how to simplify things and reduce that drama.
Bitcoin's recent aggressive rally to fresh highs above $27k has stirred significant interest in the financial investment community. The surge is speculated to possibly be the beginning of a massive new uptrend, making it a crucial time for investors to pay attention, I've personally benefited from following Kerrie Farrell trading tactics, amassing 23 bitcoins in a short seven weeks period, which speaks volumes about her expertise...
Thanks for another great video. Just a question about 200 day sma as a way to find under priced stocks. How did you settle on this method to find under valued stocks?
I'm glad you finally talked about Copart. Something you forgot to mention was Copart was inflation resistant because they take a percentage of the vehicles sale price when they sell it. If car prices go up so does Copart's revenue. They also do vehicle storage. Sometimes insurance companies find themselves in litigation holds over car accidents pending lawsuits. They will pay Copart to store the car for them until the case is resolved. They literally make money for parking a car on a plot of land doing nothing for months sometimes even as long as a few years before finally selling it. Their only real competitor is IAA.
I think Visa is fairly priced, even though it's near its all-time high. This is a company that has doubled its FCF within 2.5 years, rarely trades under 30x P/E, and still has a huge runway for growth.
Came here to say the same. I live in Germany and still there are a lot of shops and restaurants where we are unable to use Visa or Mastercard to purchase things. Even in highly developed markets, there is still room for these great businesses to continue to expand.
@@moatsandmonopolies We just came out of the crazy 2021 where every company made money. You can't project forward based on doubling FCF last 2.5 years. It was an anomaly.
@@meNtor890 Anomalous, huh. Okay then let's take the TTM FCF of June 2016, which is $4.336B, compare it with today, which is $18.655B. That's a 330% increase in 7 years, or 23.18% compound annual growth rate. Find me another company that has that growth rate under 30x P/E and I'll buy that one instead.
@@moatsandmonopolies But these shops are getting fewer and fewer. I am actively avoiding shops that don't offer non-cash payment. Not only is it inconvenient, it forces me to get cash at ATM which are now charging a fee AND it offers the show-owner an opportunity to dodge taxes. I don't want to support that.
Joseph, what about $EL and $PEP? You owned them in the last year and always said that are good companies but now you even don't have it on your watch list. Why?
Your dip finder might break if you looked at the new 52 week lows. Pretty shocking. Any update on EL? FL, DG, VFC, PFE, MMM, AMT, WPC, TGT, T, XBI. These all pass the "buy low" metric by a wide margin....
I can honestly say I look forward to your videos the most out of all the big stock channels. You have great clarity and insight and are obviously not focusing on short term news (‘fear’) and instead focus on the cold hard facts.
If at all possible, it'll be great to hear your deeper thoughts on ULTA and PYPL, both because they are in your "deep value" territory, also because these are names promoted by lots of other UA-camrs, it'll be nice to hear your take on them. Thanks!
How do you think about following topics 1. How much % in cash should you hold in your portfolio? 2. If you are waiting for a dip to buy a stock, and waiting for several years, couldn't one argue that it was better to buy it day 1 even though it was expensive?
I'm interested in your valuation ideas. You say it's okay to buy expensive looking companies, for ROCE reasons. The return will be high anyway if it's a great compounder. But getting a company at a 20 % lower price always leads to 20 % higher return, that's also math. Do you just ignore that and say you don't have a chrystal ball? I'm like you, I like to be fully invested. Maybe buying "expensive" companies is an excuse to get be fully invested? Being more frugal with where we put our money, (dips, 30 PE instead of 50 PE) should lead to better returns, don't you agree?
Hi QualTrim, I have been trying to sign up as a subscriber. I am Australian. So how do I pay, Visa? Or via a payment as I do have a USD account. Maybe its best that I pay for an annual subscription once a year. But I don't seem to be able to get past the View my Portfolio Allow / Deny. Regards Robert (Bob) Hansen
The focus on ROCE might be a little too narrow, even though it's a very good metric. I put together a spreadsheet of large cap compounders over the last decade, and PE's seem to range from the low teens to the 50's. I feel like I am picking up some solid compounders at low PE's with ELV, HUM, CI and SCHW. I was curious about ROCE for ELV, so I checked it out, and it's decent, but not in the ballpark of MA. The PE for ELV is below 20, while the PE for MA is near 40. So, I looked at a favorite metric of mine, which is growth in EPS over time. What I see is the 2 companies share similar growth rates in EPS. The moral of the story here is that there are numerous compounders with lower PE's, but they do use more capital to grow EPS. The bottom line is that they still compound, so ROCE is not the end-all, while it is still a valuable metric. I also think UNH, LMT and AMP are worthy of consideration as low PE compounders.
Also, I want to compliment Joseph for the videos. I have watched a handful, and he has reinforced my latest change to stop trying to get a few puffs off a cigar butt (Buffett's saying). I appreciate his work, as well as a few new tickers he presented, such as TXRH, CMG and CPRT.
I bought AVGO around $350 so it may not make your cut now but if they split they may be something to keep track of. MPWR is also on my watchlist but their SBCI is kind of high.
FYI- looks like there is a bug on the dominos ROCE page - there were two columns for 2017 with different numbers. Might be fixed already but just wanted to point it out.
I’ve only been following you for about a month but this is probably my favorite video so far. Really appreciate you breaking down the metrics you are looking for and how you narrow down the list. Loving Qualtrim as well!
Cool, I got copart and monster. I wonder why nvda, unh, Deere, caterpillar, elf, KO, pep, WM isn't on there? I've also thought about getting in mondelez. I guess Deere has high debt, caterpillar probably does too but i like the products and think we need them forever and always.
Hey, Two questions/suggestions: Do you have a status for each company and the ability to sort according to whether you own the stock or not? And can you enter a buy price and measure against it with notifications?
He has made multiple videos on his portfolio 😂😂😂. Investor’s unable to do detailed stock research might be better served by DCA into an broad market index (ETF). Remember even professional money managers underperform the S&P 500 over a decade. Just my 2cents. Good luck
Interesting discussion of ROCE. To make it more realistic how about including net debt in the denominator, i.e., as part of capital employed. If you did that, DMZ would have a much lower return on capital employed.
Hi Joe really good video, very interested in buying into Monster and Copart at right price, have you looked into Constellation Software, Novo Nordisk, Evolution gaming or Equinor all companies meeting these standars? Br Anders
hi joseph thanks for sharing this amazing watchlist! perhaps it will be helpful to add one more to the list which is no longer on the list so we as subscriber know which stock is better to avoid!
Just discovered your channel. You say a lot of the same things I've been saying for awhile to an uncanny degree but much more well spoken. Earned yourself a sub, especially after turning me on to ANET. I would suggest you take a look at ECL, SDGR, SAP, and IONQ. You're basically already invested in the rest of my portfolio
This is a sales masterclass - demonstrating his product's features & benefits, making me want to buy in, without trying to sell me. Thanks Joseph
Hi, Does qualtrim
also work for european stocks ?
CNI is Canadian National Railway, CP's competitor. Both top-tier IMO.
Yes. Both are quality businesses. Also being Duopolies & having Big MOATs (Buffett criteria)
Joe, I been through so many market drops with you. I’m excited to ride along for another one.
@@BusterDarcy ??????????????????????????????????????????????????????????????????????????
@@BusterDarcy The SP500 dropped twice but stocks are way more volatile and the more you have the more drops you get.
Well hop on his lap and you two enjoy yourselves
The past 5 years have been truly crazy. A pandemic, a giant stimulus, 20 year high inflation, now record high speed interest rate hikes.
I'm in in for the long run. Glad to have others to share the experience with.
I work as auto claims adjuster and one of our KPIs is how many totaled vehicles we send to Copart! We get bonuses for whoever sends the most vehicles to Copart because of how much money we save using them. They provide a Win Win partnership for ins companies.
Very cool to hear.
Copart owns the rails!
Peter Lynch said use your natural advantage. You know the business! Invest, invest!
If you don’t send the car to copart where do you send it?
how do you save momey by sending totaled vehichels to them?
any thoughts on FTNT
Do a video on LVMH
I always learn from you. What a great channel. Your cool temperament is so very good here in UA-cam where everyone else is turning anything into a drama, it's so very nice to learn from you about how to simplify things and reduce that drama.
couldn't agree more.
True that
Awesome video Joseph! How do you determine the cost of capital?
Kindly put up latest watchlist
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I just looked up her name on Google and saw her impressive result. I consider myself lucky to have found this comment..
Thanks for another great video. Just a question about 200 day sma as a way to find under priced stocks. How did you settle on this method to find under valued stocks?
Any way to get Qualtrim in Europe? Thanks!!!
I'm glad you finally talked about Copart. Something you forgot to mention was Copart was inflation resistant because they take a percentage of the vehicles sale price when they sell it. If car prices go up so does Copart's revenue. They also do vehicle storage. Sometimes insurance companies find themselves in litigation holds over car accidents pending lawsuits. They will pay Copart to store the car for them until the case is resolved. They literally make money for parking a car on a plot of land doing nothing for months sometimes even as long as a few years before finally selling it. Their only real competitor is IAA.
whats IAA?
It's the name of the only other business I know of that competes with with Copart on a similar scale. @@roveirdatu3851
What are your thoughts on Dollar General?
I think Visa is fairly priced, even though it's near its all-time high. This is a company that has doubled its FCF within 2.5 years, rarely trades under 30x P/E, and still has a huge runway for growth.
Came here to say the same. I live in Germany and still there are a lot of shops and restaurants where we are unable to use Visa or Mastercard to purchase things. Even in highly developed markets, there is still room for these great businesses to continue to expand.
Yeah I agree! They are also probably a better buy right now than MA
@@moatsandmonopolies We just came out of the crazy 2021 where every company made money. You can't project forward based on doubling FCF last 2.5 years. It was an anomaly.
@@meNtor890 Anomalous, huh. Okay then let's take the TTM FCF of June 2016, which is $4.336B, compare it with today, which is $18.655B. That's a 330% increase in 7 years, or 23.18% compound annual growth rate. Find me another company that has that growth rate under 30x P/E and I'll buy that one instead.
@@moatsandmonopolies But these shops are getting fewer and fewer. I am actively avoiding shops that don't offer non-cash payment. Not only is it inconvenient, it forces me to get cash at ATM which are now charging a fee AND it offers the show-owner an opportunity to dodge taxes. I don't want to support that.
More interesting than ULTA, you could consider LVMH as well
Yessir
Thoughts on EL, NKE, TGT, MDT?
Thoughts on LVMUY?
What do you think about Monster Corporation?
CSU and TOI?
What are your thoughts on RCI Hospitality holdings ticker 'Rick'
Small cap with unique capital allocation strategy
Will you consider buying more shares of Nike on the dip?
One of the best Joseph has produced on either channel IMO. Pretty awesome to see.
How much is the cost of subscription to Qualtrum? I'm really into it right now. I'm from Portugal so I want to now if I can budget it in
I there a mobile app for Qualtrim? Also does Qualtrim collect data on any stocks? Or it only contain what data you have collected?
Joseph, what about $EL and $PEP? You owned them in the last year and always said that are good companies but now you even don't have it on your watch list.
Why?
Your dip finder might break if you looked at the new 52 week lows. Pretty shocking.
Any update on EL? FL, DG, VFC, PFE, MMM, AMT, WPC, TGT, T, XBI. These all pass the "buy low" metric by a wide margin....
Can you add TSCO. Tractor supply seems to me to be on a small dip, but they have been growing their income year over year as well as their dividend.
Rollins is another one that belongs on your watchlist
What's your opinion Joseph on TPL. I like it, but I'm waiting for it to come back down into the 3 figures range before I pull the trigger.
what about nike on the watchlist ?
I’m almost 100% VTI. Yet I watch these types of videos for some reason.
Joseph; Keep up the good work. Very detailed video.
Thoughts on inmode and enphase energy?
Your methods are working. Good analytical person. Thank you for sharing your assesments.
What's your opinion about GGG (Graco)?..Thanks for good quality content .
Joseph, what are your thoughts on Dollar General?
why do you not track MSCI Inc. ??
I'm liking the look of Copart's fundamentals. Thanks for pointing that one out, Joseph.
Many companies with low/no debt punish their shareholders with share dilution.
Example?
@@kt7187 PLTR until recently
Pltr
I meant the companies on that watchlist. Certainly not the case with CPRT
That’s like saying, “Lots of people die every year.” Literally meaningless.
I'm surprised you dont have AVGO on your watch list.
I like the American flag in your background, it's aesthetic as hell.
This video feels like a 25 minute commercial for qualtrom
Really appreciate your analysis
Can you please share your views on super micro computer and kellogs
Do you no longer hold amazon?
I can honestly say I look forward to your videos the most out of all the big stock channels. You have great clarity and insight and are obviously not focusing on short term news (‘fear’) and instead focus on the cold hard facts.
agree, clarity, insight and long-term focused.
Would you kindly include these companies in your next video's analysis: GNRC, DOCU, PAYC. Thank you
Do you think Cisco could be an Adobe as they are moving more towards a recurring revenue model? Revenue growth, etc.
everything i think of CSCO, I always think it's best to just get it on one of the ETFs.
@@roveirdatu3851 that’s smart. I hold SCHD it it often makes it in the top 10
what's about Home Depot HD ?
If at all possible, it'll be great to hear your deeper thoughts on ULTA and PYPL, both because they are in your "deep value" territory, also because these are names promoted by lots of other UA-camrs, it'll be nice to hear your take on them. Thanks!
I believe Ulta is at a nice entry point right now. QoQ and Comp Sales remain strong and don't justify the recent weakness in my opinion.
@@thefinanceflashThank you my friend for taking the time to reply to me!
@@sagig72 no worries mate! Hope it helped?
I would like to recommend CAT and IBM for your list. Thank you in advance.
What about ACN for high return low debt watchlist?
You should add Aflac Ticker AFL. It has been the best stock for me over the years.
How do you think about following topics
1. How much % in cash should you hold in your portfolio?
2. If you are waiting for a dip to buy a stock, and waiting for several years, couldn't one argue that it was better to buy it day 1 even though it was expensive?
Btw is this studio in the basement of your house?
Can you review ADYEY and HIMS
Thank you.
I'm interested in your valuation ideas. You say it's okay to buy expensive looking companies, for ROCE reasons. The return will be high anyway if it's a great compounder. But getting a company at a 20 % lower price always leads to 20 % higher return, that's also math. Do you just ignore that and say you don't have a chrystal ball? I'm like you, I like to be fully invested. Maybe buying "expensive" companies is an excuse to get be fully invested? Being more frugal with where we put our money, (dips, 30 PE instead of 50 PE) should lead to better returns, don't you agree?
After 30 years of fine compounding you would have 20 % more!
You got M1 integration yet?
Could you do a analysis of ADP?
Does Qualtrim do Australian stocks?
Sadly not yet, you can put them on the watchlist for basic info eg price history and PE ,but the graphs are not accurate.
Hi QualTrim,
I have been trying to sign up as a subscriber.
I am Australian.
So how do I pay, Visa?
Or via a payment as I do have a USD account.
Maybe its best that I pay for an annual subscription once a year.
But I don't seem to be able to get past the View my Portfolio Allow / Deny.
Regards Robert (Bob) Hansen
The focus on ROCE might be a little too narrow, even though it's a very good metric. I put together a spreadsheet of large cap compounders over the last decade, and PE's seem to range from the low teens to the 50's. I feel like I am picking up some solid compounders at low PE's with ELV, HUM, CI and SCHW. I was curious about ROCE for ELV, so I checked it out, and it's decent, but not in the ballpark of MA. The PE for ELV is below 20, while the PE for MA is near 40. So, I looked at a favorite metric of mine, which is growth in EPS over time. What I see is the 2 companies share similar growth rates in EPS. The moral of the story here is that there are numerous compounders with lower PE's, but they do use more capital to grow EPS. The bottom line is that they still compound, so ROCE is not the end-all, while it is still a valuable metric. I also think UNH, LMT and AMP are worthy of consideration as low PE compounders.
Also, I want to compliment Joseph for the videos. I have watched a handful, and he has reinforced my latest change to stop trying to get a few puffs off a cigar butt (Buffett's saying). I appreciate his work, as well as a few new tickers he presented, such as TXRH, CMG and CPRT.
What about NEE ?
Union Pacific could be good if it goes down more.
Im also looking at Reliance Steel if it goes down.
I bought AVGO around $350 so it may not make your cut now but if they split they may be something to keep track of. MPWR is also on my watchlist but their SBCI is kind of high.
FYI- looks like there is a bug on the dominos ROCE page - there were two columns for 2017 with different numbers. Might be fixed already but just wanted to point it out.
Can you take a look at RMD and PANW
Nice. A deep-dive on ANET would be amazing.
Can you talk about gme?
This is something I've been wanting to see for a while!
I’ve only been following you for about a month but this is probably my favorite video so far. Really appreciate you breaking down the metrics you are looking for and how you narrow down the list.
Loving Qualtrim as well!
You're my rock man, no homo.
But honestly, you've spelled out what I've been thinking the last few days in the first seconds of the video.
Cool, I got copart and monster. I wonder why nvda, unh, Deere, caterpillar, elf, KO, pep, WM isn't on there? I've also thought about getting in mondelez.
I guess Deere has high debt, caterpillar probably does too but i like the products and think we need them forever and always.
Fascinating video Joseph Carlson
What if they don't tip ?
Wouldn't a savings plan be an alternative ?
Time in the Marked beats Timing the marked i hear a lot. Dani from Austria
I guess we'll know at the first one you buy off the watch list. But how about numbering at least your first five off watch List. Thanks
Hey,
Two questions/suggestions:
Do you have a status for each company and the ability to sort according to whether you own the stock or not?
And can you enter a buy price and measure against it with notifications?
He has made multiple videos on his portfolio 😂😂😂. Investor’s unable to do detailed stock research might be better served by DCA into an broad market index (ETF). Remember even professional money managers underperform the S&P 500 over a decade.
Just my 2cents. Good luck
I like this watchlist stuff. Great insight!
Watch list w the group brainstorming is a great idea!
Spotted ASML on the list. Amazing one of a kind, wide moat company with great ROCE & gross margins at a considerable discount to fair value.
It's a lovely monopoly.
Interesting discussion of ROCE. To make it more realistic how about including net debt in the denominator, i.e., as part of capital employed. If you did that, DMZ would have a much lower return on capital employed.
How about Deere?
Hey Joseph,
Can you perhaps share your thoughts on Jfrog (FROG).
Thanks
One of the best videos I have watched. Thank you
Hi Joe really good video, very interested in buying into Monster and Copart at right price, have you looked into Constellation Software, Novo Nordisk, Evolution gaming or Equinor all companies meeting these standars? Br Anders
Can you please analyse ROYAL CARIBBEAN CRUISES RCL? Thanks for your content...
Would love your take on CROX
No free trial. It says need to be paid by the 1st of Oct
Wait until after the first, sign up then, you’ll have the remainder of October to trial it.
@@JosephCarlsonAfterHours no worries I paid the $10. Thought that if I don’t like it you could refund. But it’s fine. Thanks for the reply
Can you look at conagra brands. They hey dropped over 20%
Is dominos long term debt related to their stores being leased?
No, their finance lease obligations are relatively minor compared to total debt: 2022 10-K it was $74M of $5022M
Very good and informative video!
🇸🇪
Tjena
You should take a look at stla's balance sheet joseph
I think I’m sold on Qualtrim.. great video!
Hey Joe, I’m gonna give Qualtrim a try! Is there a trial? I’m going to do it either way, just curious :)
Good stuff, Joseph!
hi joseph thanks for sharing this amazing watchlist! perhaps it will be helpful to add one more to the list which is no longer on the list so we as subscriber know which stock is better to avoid!
at any moment you asked yourself:
are not the price of those wonderful stocks make the investment case worthless?
Just discovered your channel. You say a lot of the same things I've been saying for awhile to an uncanny degree but much more well spoken. Earned yourself a sub, especially after turning me on to ANET. I would suggest you take a look at ECL, SDGR, SAP, and IONQ. You're basically already invested in the rest of my portfolio
As you can see, WAVD signed an important contract yesterday, could it make a spike above the dollar today? $1