Intrinsic value

Does that mean more foot traffic in those shops or less? And that is also something to keep in mind.

How long am I going to bet on retail, and of course, what we will discuss later with intrinsic value and everything, at what price? The key risk is a proper recession, like with most investments out there.

Let's discuss the financials.

Then if we look at the balance sheet, of course, it is levered, and it is five times leverage coverage okay.

So it's not stellar, but it's not too risky.

I have seen much worse ratios.

So if we go to our intrinsic value calculation, we have done a lot.

You can download this in the link in description below.

So the book has about 26 different stories and analogies, um, showing how Warren Buffett's principles can be applied to real estate investing.

And so its, uh, draft title is called Intrinsic Value: Warren Buffett's Rules for Real Estate Investors.

And, uh, I'm very excited about this particular book, and I've got a few more in the hopper after that.

Nice.

Which is exactly why we dug into this one, because we wanted to understand whether or not Walmart has a massive disconnect between its value and its price.

You're listening to the Intrinsic Value podcast by the Investors Podcast Network.

Since 2014, with over 180 million downloads, we've learned directly from the world's best investors.

Now, we're applying those lessons to analyze businesses and investment opportunities every week, helping you uncover intrinsic value.

This show is not investment advice.

It's intended for informational and entertainment purposes only.

But it is a very special retailer, nevertheless, which is to say, I do think there's a difference between these mega retailers, these wholesale retailers who take inspiration from the Costco model and try to return as much excess value as possible to customers by way of lower prices, and then more specialized retailers who lack the same scale like Dick's Sporting Goods or individual brand retailers like Lululemon and Lululemon has been a real learning lesson for me on this show.

It's a company that some will know I pitched about a year ago and was quite excited about, but the entire thesis moved against me.

Because I, I came out of army aviation and, and flight lines and hydraulics, uh, fluids and, and coming home in uniform and, and smelling like a flight line.

And, and so a lot of my search was in more blue-collar businesses that, that I thought, um, among other things, had intrinsic value.

We, we needed them.

Things like striping, uh, pavement in, in parking lots.

... you have unique properties and skills and, and situations.

And, and every deal has that quality of being its own unique fingerprint.

This phrase intrinsic value you also used in the pre-call.

W- say more about that.