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The Prudent Speculator

Published by John Buckingham at Smashwords

Copyright 2012 John Buckingham

Smashwords Edition, License Notes

Thank you for downloading this ebook. It is copyrighted property of the author, and may not be reproduced, copied and distributed for commercial or non-commercial purposes. If you enjoyed this book, please encourage your friends to download their own copy. Thank you for your support.

We put together two separate diversified listings of a dozen of our most undervalued purchase candi­dates for each of John Buckingham’s 2012 San Francisco MoneyShow presentations, Value of Dividends and Time for Value. The union of those lists appears below with each stock trading for a significant discount to our deter­mination of long-term fair value and/or offering favorable risk/reward profiles. Note that, while we always seek sub­stantial capital gains, we require lower appreciation po­tential for stocks that we deem to have more stable earn­ings streams, more diversified businesses and stronger balance sheets. The natural corollary is that riskier com­panies must offer far greater upside to warrant a recom­mendation. Further, as total return is how performance is ultimately judged, we explicitly factor dividend payments into our analytical work.

Broad diversification is a critical component of our in­vestment strategy, so the 24 stocks presented in this space are meant to serve as a portfolio foundation for new in­vestors and as a pick-list for folks already maintaining well-diversified holdings. Diversification, we find, serves us in two ways: by minimizing individual stock risk, while maximizing the likelihood of finding the big winners among the undervalued masses.

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