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The Cadances Journal

Value Investing.

Estimating what a business is worth and buying it for less: the ideas behind value investing.

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Value Investing

Value Investing· 9 min read

Are Dividend Aristocrats Worth It? A Filter, Not a Buy Signal

The Dividend Aristocrats label proves that a company has raised its dividend through at least two recessions, and nothing else. It says nothing about today's price, the payout ratio, or the size of the raises. Use the list to shorten your search, then run the safety checks and wait for the yield.

· 9 min read

Three lines of annual dividend income on one chart over ten years, one flat and high, one curving upward, one starting low and rising steeply
Value Investing

Value Investing· 9 min read

Dividend Yield vs Dividend Growth: Which Wins, and When

High yield pays the most for the first decade, dividend growth pays the most after it, and a balanced payer sits between the two. Here is the ten-year arithmetic across three profiles, the risk each one carries, and a rule for choosing by when you need the income.

· 9 min read

Checklist on a desk next to a company's cash flow statement, with a pen ticking the payout ratio line
Value Investing

Value Investing· 7 min read

How to Tell If a Dividend Is Safe: A Six-Point Checklist

A dividend cut costs you the income and a chunk of the share price on the same day. Six numbers, most of them free to find, tell you months in advance whether a payout is covered, growing and funded by cash, or a trap dressed up as a high yield.

· 7 min read

Value Investing

Value Investing· 10 min read

Nvidia Trades at 15 Times Earnings and Is Still Expensive

The same forecast makes Nvidia look cheap on a P/E and 23% overvalued on a cash flow model. The gap is not an opinion. It comes from three inputs, and one of them is a number most models still get wrong.

· 10 min read

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