The case study: http://www.scribd.com/doc/75321866/NVR
Professor Greenblatt in his Columbia Graduate Business School class passes out several Value Investors Club write-ups by charlie479 as examples of clear, concise investment thinking. Diligent students may wish to go to the 2000 10-K of NVR included in the appendix (page 30) and value the company before reading these write-ups and discussions. The discussion of the investment thesis is important to follow for understanding the thinking behind the idea.
You should be able to explain why this investment increased 5 to 6 times from the price of $143.
What are the financial characteristics of an ideal investment? What creates a 10 to 100 bagger (a stock that rises in price 10 to 100 times!)? Hint: the stock that made more millionaires than even Buffett’s Berkshire:
What lessons can you apply to your investments?
If you do not answer the quiz question correctly, you are required to meet this nice lady:http://www.youtube.com/watch?v=cPR1a8B9YtU&feature=related