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Savio Capital Partners Presentation to Investors June 2010
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Investing Basics Old School Advice:  Save a portion of your income every month and place it in a bank .  Modern age Advice:  Save a portion of your income every month and place it in on high yielding investments.
Old School Advice Contrary to the belief that cash in the bank is the safest,  it’s not . With interest rates below 3% and  inflation rate  above 3%, your peso today is  worth less  than your peso tomorrow.
Modern Age Advice Although the modern day advice is best, the key issue here is  asset allocation –  putting your eggs under different baskets.
Where to deploy your cash? Our best advice is to have a 3-6 months worth of emergency fund placed in  short term instruments (i.e., time deposits, treasury bills, SDA’s) . For excess cash that you have, do a  50:50, in terms of bonds  and stocks .
The other 50% ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The Alternative Vehicle? ,[object Object],[object Object],[object Object],[object Object],[object Object]
Value Investing ,[object Object],[object Object]
So, how it works? Owner’s Earnings Shares of stocks of listed  companies
Our Buying Criteria – 4C’s
1 – Circle of Competence VS. ,[object Object],[object Object],[object Object],[object Object]
2 - Cashflow ,[object Object],[object Object],Shareholders Management
3 - Cheapness Buying opportunity Selling opportunity Anatomy of a Stock Price Stock Price tanks… Stock Price shoots up!
4 - Catalysts ,[object Object]
What’s inside Savio? ,[object Object],[object Object],[object Object],[object Object]
Jackson Hewitt Tax Service – Overview  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Jackson Hewitt – Why priced for extinction? ,[object Object],[object Object],[object Object],Source: Yahoo! Finance Price Tag: $50.34mln ($1.75 a share)
Barnes and Noble – Overview  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Barnes and Noble – Not getting market’s respect ,[object Object],[object Object],[object Object],Source: Yahoo! Finance Price Tag: $1.06bln ($18.47 a share)
Endo Pharmaceuticals – Overview  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Endo Pharmaceuticals – Yes, growth is free! ,[object Object],[object Object],[object Object],Source: Yahoo! Finance Price Tag: $2.47bln ($21.21 a share)
Deswell Industries – Overview  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Deswell Industries – Boring Stock, in a Boring industry Source: Yahoo! Finance Price Tag: $2.47bln ($21.21 a share)  Price Tag: $66.86mln ($4.13 a share)  ,[object Object],[object Object],[object Object],[object Object]
Our Inner Scorecard ,[object Object]
We’re all in this together… ,[object Object]
 

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Savio capital Partners

  • 1. Savio Capital Partners Presentation to Investors June 2010
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  • 3. Investing Basics Old School Advice: Save a portion of your income every month and place it in a bank . Modern age Advice: Save a portion of your income every month and place it in on high yielding investments.
  • 4. Old School Advice Contrary to the belief that cash in the bank is the safest, it’s not . With interest rates below 3% and inflation rate above 3%, your peso today is worth less than your peso tomorrow.
  • 5. Modern Age Advice Although the modern day advice is best, the key issue here is asset allocation – putting your eggs under different baskets.
  • 6. Where to deploy your cash? Our best advice is to have a 3-6 months worth of emergency fund placed in short term instruments (i.e., time deposits, treasury bills, SDA’s) . For excess cash that you have, do a 50:50, in terms of bonds and stocks .
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  • 10. So, how it works? Owner’s Earnings Shares of stocks of listed companies
  • 11. Our Buying Criteria – 4C’s
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  • 14. 3 - Cheapness Buying opportunity Selling opportunity Anatomy of a Stock Price Stock Price tanks… Stock Price shoots up!
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