Over the long-term, the best performing stock strategy has been owning the cheapest companies from a valuation perspective.  Enterprise/value/EBIT, divides the (market cap+debt-cash by pretax operating income.)  An EV/EBIT of 5, means that if you buy a business for $1 million dollars, you are generating a 20% pretax return, or $200K.  That sounds pretty good...Read More