Greetings!
Latest Stock Activity
Read about what’s changing across our investment universe, from new purchases and sales to position updates and other timely stock alerts.
Sales Alert for October 29, 2026
October 29, 2026
We always endeavor to be patient in our prospecting, but there eventually comes a time when we think it best to abandon an unproductive claim so that resources can be reallocated to more promising opportunities. Such was the case this week with struggling Alexandria Real Estate (ARE - $40.60). After […]
Sales Alert for October 21, 2026
October 21, 2026
After bumping up against our Goal Price amid a nearly 18% gain year to date (and 45% gain since the nadir on April 7) and with a stretched valuation relative to its own history, we sold in client accounts shares of Honda Motor (HMC - $33.97). As other carmakers have […]
Sales Alert for October 12, 2026
October 9, 2026
Our patience finally ran out with the embattled global carmaker, Volkswagen AG (VWAPY - $7.56). We parted with our shares which had their weight atrophy during our holding period to a relatively insignificant position size as the company struggled to contend with Chinese competitive pressure, high labor costs, EV production […]
A Patient Prospector alerts, Goal Prices and stock lists are general research and are not individualized investment advice. Advisory recommendations and portfolio decisions may differ based on each client’s circumstances and applicable investment strategy.
Newsletter Content
The monthly newsletter is your guide to our latest investment ideas, stock market thoughts and portfolio changes. Each issue features a broad review of market, recommendations, updates on individual holdings and our fill recommended stock list. Read it alongside our Goal Prices and your own research to support informed, long-term investment decisions.
Goal Prices & Metrics
Last updated: November 8, 2026 at 6:01 PM
Use our Goal Prices as estimates of a stock’s potential value over the next three to five years, not as customary 12-month Wall Street price targets. We seek to uncover stocks trading meaningfully below their fair value. Our open stock list is a starting point, not a complete portfolio; as we have long believed, diversification is essential.
For a full explanation, visit the FAQ section.
Market Observations & Research
Explore our complete research library, including stock alerts, market observations, investment insights and in-depth reports.
Market Observations for November 2, 2026
John Buckingham
“It was déjà vu all over again,” to quote Yogi Berra, as the final trading week of October was a rerun of the week prior, with the lead for Value over Growth since Halloween 2025 expanding and investors receiving another reminder that it is a market of stocks and not […]
Market Observations for October 26, 2026
John Buckingham
With the lead for Value over Growth since Halloween 2025 widening last week, we were again reminded that it is a market of stocks and not simply a stock market. Indeed, stocks that score more favorably on fundamental valuation metrics have been performing much better of late,… …while the sharp […]
Market Observations for October 19, 2026
John Buckingham
Understanding that anything can happen in the financial markets as we move forward and that the financial press exists to attract eyeballs, The Wall Street Journal strikes again! With U.S. inflation, as measured by the Consumer Price Index, accelerating to 3.7% in September, the publication in its top story on […]
Market Observations for October 12, 2026
John Buckingham
Conceding that it was not the best week for those with significant exposure to the AI Buildout (a theme we continue to view favorably) as the average loss for the 25 stocks in the table below since the end of June widened to 3.3%,… …the major market averages all gained […]
Market Observations for October 5, 2026
John Buckingham
Sales Alert The fickleness of short-term-oriented traders again was on display last week with some of the stocks involved in the AI Buildout, so we continue to like our strategy of taking a little money off the table on names that have appreciated sharply in value to become larger weights […]
Market Observations for September 28, 2026
John Buckingham
Certainly, we respect that the Bloomberg 3000 Value index ended in the red last week (as did the S&P 500 Equal Weight index and the Russell 2000 SmallCap index), cutting into the performance advantage since last Halloween for inexpensively priced stocks,… …while we concede that there has been tremendous dispersion […]
Database Search Tool
Quickly search our research library for stocks, companies, alerts, insights and historical commentary. Search by ticker symbol, company name, date or topic.