RTN Investments Blog

Thoughts on Investing, Economics, Current Events, and Anything Else I Want to Ramble About

SS&C Technologies (SSNC): Strong Recurring Revenue and a CEO With Skin in the Game

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SS&C Technologies (SSNC) Price:  $60.66 Fair Value:  $95 Sector:  Technology Industry:  Software Disclaimer:  This article should not be considered investment advice.  Do your own research before investing and verify any claims or numbers stated herein. Investment thesis “Software is eating the world.”  That’s what Marc Andreessen, founder of venture capital firm Andreessen Horowitz wrote in […]

Micron (MU): A Potential Long-Term Compounder

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Micron (MU) Price:  $49.16 Sector:  Technology Industry:  Semiconductors Click here to skip the details and go straight to the intrinsic value calculation for Micron. Disclaimer:  This article should not be considered investment advice.  Do your own research before investing and verify any claims or numbers stated herein. Investment thesis      When you look at […]

The 11 Greatest Investing Books Ever Written

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 1.  The Intelligent Investor (1949) by Benjamin Graham           One of the greatest classics on value investing ever written by one of the best investors of all time, Benjamin Graham.  This really laid the foundation for all future value investors in thinking about stocks as pieces of a business, how to […]

Coronavirus Chaos, Fund Update

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Reporting from lock-down in my house in Chicago.  Just thought I’d give an update on the state of things, our portfolio, and outlook for the next few months. Last time I wrote toward the end of February, the S&P 500 was down 8%.  Now, the coronavirus pandemic has almost completely shutdown the economy, taking the […]

Allison Transmission (ALSN): A Cheap, High Cash-Flow Business With a Decent Moat

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Allison Transmission Holdings (ALSN) Price:  $43.24 On a week like this with the S&P 500 down almost 8% from its all time highs and the fears associated with the coronavirus possibly plunging the world into an economic depression, I thought it’d be prudent to go bargain hunting in the stock market. A name I’ve been […]

A Checklist Approach to Investing

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It was the fall of 1935 at Wright Field in Dayton, Ohio.  Boeing, a young, struggling airplane builder was in a competition to test their prototype B-17, known as the model 299, in order to win a contract from the Air Corps.  The plane was known as the “flying fortress.”  It was a massive four-engine […]

GrafTech International (EAF): An Asymmetric Opportunity

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Elevator Pitch Graftech International (EAF) (Price:$11.50) represents a rare opportunity for investors seeking large upside with limited downside risk. Graftech is in the niche industry of making ultra-high-performance graphite electrodes for electric arc furnaces (EAF) used to make steel.  Being one of few players in the global market, their advantage arises from being vertically integrated […]

Latticework 2019

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It was a pleasure to attend Latticework 2019 last week on September 12, 2019 hosted by MOI Global at the Yale Club in New York City.  Meeting and listening to so many great investment minds was an amazing learning experience. https://moiglobal.com/latticework-nyc/ I’ve come to realize there’s not just one, but many way to get successful […]

Micron (MU): A Quality Stock at an Attractive Price

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The Bottom Line Micron, being one of three companies in the world dominating the memory / storage industry is an attractive value and a potential long-term compounder. Micron’s intrinsic value compounding rate has been 60% over the past 7 years.  (ROIC * Reinvestment Rate). Current industry headwinds of low memory and storage prices are nearing […]