Have you ever invested in a company that has convertible debt on its balance sheet? The intent of this post and the one I plan to share next week, God willing, is not to explain the accounting intricacies of convertible debt. Rather, I hope to offer something relevant to the theme of stock investments where the underlying company carries convertible debt on the balance sheet. […]
A good question came from a reader of my book this week. The question concerned the proper treatment of off balance sheet obligations relative to my evaluation process for scoring stocks. I’ll discuss this issue a bit today. […]
When I was working on my doctoral degree in accounting at Mississippi State University, I learned about the Big Bath. If you are an investor in individual stocks and have never heard about this notion, it may have explained some situations you have witnessed before with stocks you’ve held. […]
In the following scriptures, God describes the infinite worth of His wisdom. It makes clear that neither silver nor hidden treasure can compare to the value of His wisdom. And it is His wisdom that permits a proper perspective toward everything during our earthly pilgrimage, including money and investing. […]
