George Thoreson

About the Author George Thoreson

I'm a bottom-up value investor and invest in companies selling below their intrinsic value, often because they are out of favor, ignored or in a special situation. Searching for value leads to interesting companies that are out of favor for many possible reasons. Studying successful value investors and learning from my own mistakes the merits of value investing, over the long term, became apparent. After becoming a value investor my results improved. Sure, I still make mistakes, but on average I’ve been fortunate in getting more right than wrong. My investing approach is covered on my blog; www.ValuebyGeorge.com The share price of a company often have nothing to do with the underlying value of the company the shares represent. So, I look for investments that are priced low relative to their true or intrinsic value so they provide a margin of safety. Then we must patiently wait, as an owner of the company, until the share price catches up to reflect the underlying value.

In Volatile Markets, Stay the Course

Market volatility comes and goes and it’s natural to wonder if this is the beginning of a correction or bear market. If it is, …

Kinder Morgan Inc: Investment Thesis Remains on Track

Last week Kinder Morgan Inc (NYSE:KMI) reported second quarter 2015 (2Q15) results. Overall it was a decent report and our investment thesis remains on …

Brookfield Asset Management Inc. (BAM) Earnings: Creating Opportunity with Work

Brookfield Asset Management Inc. (USA) (NYSE:BAM) reported: Funds from operations (FFO) during the 1Q15 were $557 million, or $0.

Brookfield Infrastructure Partners L.P. (BIP) Reports 1Q15; Solid Quarter of Progress

Financial Summary: Funds from Operations (FFO), Brookfield Infrastructure Partners L.P.

Kinder Morgan Inc Reports Solid 1Q15 Results (KMI)

Kinder Morgan Inc (NYSE:KMI), first quarter 2015 report (1Q15) is solid [Source]. While KMI is up about 30% since our initial purchase in October …

Breitburn Energy Partners (BBEP) 4Q14: A Good Report; Our Thesis is on Track

Breitburn Energy Partners LP (NASDAQ:BBEP) reported [Source] financial and operating results for the fourth quarter 2014 (4Q14) and full year 2014. It was …

BreitBurn Energy Partners Investment Thesis

BreitBurn Energy Partners (NASDAQ:BBEP) is an upstream Oil & Gas company operated as a master limited partnership (MLP). They buy mature crude oil …

George Thoreson: Our Investment Thesis On Kinder Morgan Is On Track

We bought Kinder Morgan Inc. (NYSE:KMI), in October 2014 after it announced the consolidation merger bringing all of its publicly traded segments into …

Brookfield Infrastructure Partners Thesis Update

In 2012 we estimated Brookfield Infrastructure Partners (NYSE:BIP) [Source] would be $40-46/unit (share) in a 3-5 year time frame. The investment thesis is …