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All company analysis is based on publicly available data at the time of the writing of the posting and may or may not be applicable in the future. It is believed that this data is accurate and the conclusions are appropriate but the reader should verify all information. The author of the commentary does not make any claims as to the accuracy of the original data and the accuracy of the conclusions that are represented. This commentary is not investment advice but merely a discussion using the tools that are explained in the book titled: "The Confident Investor - Learn How to Invest With Confidence in a Turbulent Market" and, potentially, other similar works.
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The author may or may not have taken a position in any individual stock. The only declaration of conflict is that the author is always trying to find high quality companies to invest in and, if one is found using this analysis, then it is very possible (in fact even likely) that the author has taken a financial position with the company. In keeping with SEC regulations, the author owns less than 5% of the common shares of the company unless specifically declared. Also, unless specifically declared otherwise, the author has less than 5% of his net value invested in any stock listed on these pages. Conversely, if the analysis shows that a company is not a Good Company, it is very possible (in fact even likely) that the author has liquidated any position previously held in that company.
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