About this episode
The episode discusses how elite companies can defy market expectations and the importance of quality investing over timing.
In 1992, the bears called Fastenal "optically expensive" at 39x earnings. They were wrong. Today, we look at how persistent ROIC (Return on Invested Capital) allows elite companies to defy market expectations and "beat the fade." Learn why buying quality at a premium is a lapse in timing, but buying junk at a discount is a lapse in judgment. Featuring the four-point quality checklist used by the pros. For more information, including important disclaimers, please visit the blog . Flyover Stocks is an educational podcast hosted by Todd Wenning. Todd is the founder of KNA Capital, an investment adviser registered in the state of Ohio. The views expressed on this podcast — including those of any guests — are for informational purposes only and do not necessarily reflect the views of KNA Capital or its clients. Nothing discussed should be considered investment advice or a recommendation for any particular security. All investments involve risk, including possible loss of principal. For more information, please see KNA Capital’s Form ADV at www.kna-capital.com .
People in this episode
Host: Todd Wenning
Topics covered
- P/E ratio
- Return on Invested Capital
- market expectations
- investment strategy
- quality investing
Keywords
- P/E ratio
- Fastenal
- ROIC
- quality checklist
- investment advice
Mentioned in this episode
Organizations: KNA Capital, Fastenal
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