Ke kumu No ke aha i hana ai nā Hanesbrands i ka Makuka pēlā Loa
ʻOiaʻiʻo,ʻoi aku ka nui o nāʻoihana koho nui ma mua o nā helu. ʻOiaʻiʻo,ʻo ka hanaʻana o nāʻoihana i kēlā me kēia manawa, akā,ʻo nā hua hōʻikeʻana wale nō ma luna o nā metricsʻaʻole loa e hana i ka holo lōʻihi. E lawe iā Ben Graham i ke ana kumu waiwai waiwai e like me kēia; ua hoʻokumuʻia ma luna o nā mea kaulike wale nō, aʻaʻole pono e hana i kēia mau lā no ka meaʻaʻole i maʻalahi nā kumukūʻai i ka wā o ka pōʻino. ʻO kēlā kahi o ke kumu o ko Peter Lynch heleʻana aʻelemakule. Hoʻohuiʻia nā pae hoʻohanohano kūpono a me nā mea kiko'ī a ke hoʻopaʻi mau nei i nā lāʻau e pili ana i kā lākou mau hoa.
Ua kamaʻilio koke nei au i kaʻikeʻana o Lynch i ka mea "ʻike āu iʻike ai". Ma nā wiki e hiki mai ana, e nānā mākou i nā mea kūʻai waiwai ukali e hui ana i nā pae hoʻohālike o Lynch no "kahi kūpono," i ho'ākākaʻia ma One Up On Wall Street.
ʻO ka mea mua, e nānā kākou i nā Hanesbrands Inc., kahi kūʻai i ka S & P me kaʻaneʻaneʻehā manawa, ma o nā makahiki i hala iho nei. Ma kahi o kekahi o kēia pūʻulu, e nānā mākou i nā pae hoʻohālikelikeʻekolu o Lynch i hana ai iā Hanes e holomua a hiki i kēia.
01 He mea wiliwili
I ka wā e hāʻawiʻia ai e kekahi loiloi i kekahi o kāna mau wānana e lilo i mea kūʻokoʻa pono i kālepaʻia e ka lehulehu, ua kapaʻiaʻo ia he hōʻailona. ʻO ka manawa pinepine, he mau loiloi'āpana kelepaʻana i ka wā e kū'ē ana i ka hōʻinoʻana i ke kumukūʻai kūʻai nui. Ma hope o nā mea a pau, ināʻaʻole i piha pono ka waiwai o ka'akike, no ke aha eʻole e'ānai i ia mau mea a loaʻa i ka loaʻaʻana o ke kamaliʻi'ōpio?
Hōʻike nāʻimi noiʻi ua hōʻano'ē nā kamaliʻi'ōwili i ke kālepa i nā makahiki i hala aku nei. ʻO ka Guicgenheim Spin-Off ETF, ka meaʻoi aku ma luna o nā kūlana he iwakāluakūmālima iʻoi aku i ka manawa, ua paʻiʻo ia i ka S & P ma kahi ākea ma mua o ka wā 1, 5, a 10 mau makahiki paha.
Hiki i nā hua'ōlelo ke hana maikaʻi no nā kumu. ʻO ka hui o ka mokuahi e loaʻa koke i kahi hui hoʻonohonoho i hoʻoili waleʻia i kāna hana aʻaʻole pono e hoʻokaʻawale i nā kumuwaiwai me kahi loiloi. Hiki i nā Spinoffs ke loaʻa nā pale pale pale ma mua o ka heleʻana i ka lehulehu, i ka manawa i hoʻolakoʻia ai kaʻohana makua i kona holomua. I ka hopena, hoʻolakoʻia kaʻohana makua e spinoff i kona holomua. I ka hopena, 'aʻole i'ʻokoʻa ke 'ano o ka mea hana kālā i ka hana a IPO, no laila, hiki i nā mea kālā ke kūʻai i ke kumukūʻai ma ke kumukūʻai kūpono. ʻO ia nō ka hihia no nā Hanesbrands, kahi i pale aku ai iā Sarah Lee i ka makahiki 2006 a he mau kūʻono i noho mau no kekahi mau makahiki ma mua o ka haʻaleleʻana. ʻOiaiʻaʻohe'ōlelo hōʻailona hōʻoia no ka holomua, heʻano maikaʻi lākou ināʻo nā mea a pau e "nānā aku" ma kahi kūʻai. Ma ka hihia o ka Hanesbrands, he mea hōʻailona wale nō hoʻokahiʻano hoʻonāukiuki wale nō.ʻAʻole ia he mea e hōʻoiaʻiʻoʻia no ka holomua, heʻano maikaʻi lākou inā pau nā mea a pau e "pale aku" ma kahiʻoihana. Ma ka hihia o nā Hanesbrands, heʻano hoʻokalakupua hoʻokahi wale nōʻano hoihoi.
02 He mea hōʻoluʻolu
Hoʻopili pololei nā Hanesbrands i nāʻano Lynch'ē aʻe e pili ana i kahi kumuhana maʻamau: aia ma kahiʻoihana pōkole-ulu a ua loloa. He mea hoʻonaniʻo Hanes,ʻaʻole he mea hou wela, a he mea nui ia no nā mea hoʻolale kālā no nā kumuʻelua.
- Ma muli o keʻano o ka ikaika o kaʻoihana aʻoihana paha, e uku waleʻoe i kāu kālā. No laila, makemakeʻoe e kūʻai i kahi kumukūʻai i loaʻaʻole nā mea hoʻokele waiwaiʻole i ke koiʻana i ka uku. ʻO ka mea pōʻino,ʻo nā mea wela ma nāʻoihana wela ua hoʻonui kokeʻia kā lākou kumukūʻai; nānā wale i nā pūnaewele IPO i nā makahiki i hala iho nei. ʻO kekahi o ia mau IPO he lanakila paha ia, akā, ma keʻano he hui, he nui loa ko lākou waiwai.
- ʻO nāʻoihana e hoʻopiʻi ana i nā waiwai a me nā meaʻaʻahi liʻiliʻi i ka hoʻokomoʻana, e hāpai ana i nā nui o ka hoʻokūkū. ʻO ia ka māhele kapu loa o ke kapikala. E lawe i kahi pūnaewele hoʻolālā huakaʻi maikaʻi e like me; He kūpono ka hopena o kona waiwai ma muli o ka hoʻomakaʻana i kahi kahua hoʻokūkū kahi mea e pono ai i ka hoʻomakaʻoleʻana o ke kālā hoʻokumu. Ma kekahiʻaoʻao,ʻaʻoleʻo Hanes kaʻanoʻoihana a Harvard PhDs i hui pū ai e hana a, inā paha lākou i hana,ʻo kona mau kumu waiwai a me nā mea kiʻekiʻe e hoʻolālāʻia he mau mea pale nui i ke komoʻana.
I ka hopena, maikaʻi a maikaʻi ka maikaʻi. ʻO nā ukukū i kūpono i kēia mau papahanaʻaʻole loa e hōʻaleʻaʻia e Wall Street, no ka mea, he kūlana haʻahaʻa lākou, a hāʻawi i ka nui o nā helu komo no nā mea waiwai. Ma keʻano hoʻokahi,ʻaʻole iʻimiʻia ka inoa "un-sexy" i nā mea he nui, e hōʻoi ana i ka waiwai. ʻO ka mea hoʻopakele wale nō i kēia kānāwai,ʻo kaʻoihana "hōʻailona" e pono ai ke kāohiʻia i ke komoʻana a iʻole i kekahiʻano'ē aʻe e mālama ana i nā hakakā ma ke kai, no ka mea,ʻo ka "un-sexy" kahi e holo wale ai.