49 - Value Stock Geek Interview: Cheap and Good Balance Sheet ($MU, $BDL, $DKS)

How to connect with Value Stock Geek Follow his work on Twitter: @ValueStockGeek Check out his website: ValueStockGeek.com Please review and rate the podcast If you enjoyed this podcast and found it helpful, please consider leaving me a rating and review. Your feedback helps me to improve the podcast and grow the show's audience.  Follow me on Twitter and YouTube Twitter Handle: @TreyHenninger YouTube Channel: DIY Investing Support the Podcast on Patreon This is a podcast supported by listeners like you. If you'd like to support this podcast and help me to continue creating great investing content, please consider becoming a Patron at DIYInvesting.org/Patron. You can find out more information by listening to episode 11 of this podcast. Show Outline: Interview with Value Stock Geek The full show notes for this episode are available at https://www.diyinvesting.org/Episode49 Part 1: ValueStockGeek's Investing Process Basket of Stocks (20-30 positions) Value: Cheap Stocks with Good Balance Sheets Uses multiple valuation ratio's but prefers "Acquirer's Multiple" EV/EBIT See Tobias Carlisle's book: The Acquirer's Multiple High portfolio turnover 50-100% churn every year Why the Quality factor reduces your returns How to improve your stock-picking success rate by focusing on the balance sheet Part 2: Example Stocks Micron Technology ($MU) - Cheapest stock in the S&P 500 Flanigan's Enterprises, Inc. ($BDL) - A microcap company that owns bars, restaurants, and liquor stores in Florida Dick's Sporting Goods ($DKS) - A retail company focused on the niche of outdoor sporting goods equipment