Buying Stock in the Casino

Investment Analysis Clubs Saul’s Investing Discussions
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I don’t mean literally buying casino stocks, though you could have followed in David Gardner’s footsteps some years ago and made a lot of money shorting Trump Resorts & Casinos.

What I mean are stocks of companies that operate the stock market or deal in investing-related information.

For example, NASDAQ itself (NDAQ).

Others:

FDS - Factset Research Systems
ICE - Intercontinental Exchange (operates NYSE and some OTC exchanges)
MCO - Moody’s
SPGI - McGraw-Hill Financial (includes S&P, J.D. Power & Associates)
VALU - Value Line
MORN - Morningstar
CBOE - Chicago Board Options Exchange
TROW - T. Rowe Price

I think Fidelity is privately held. Vanguard is private.

I have shares in FDS and NDAQ. TMF recommends FDS, NDAQ, ICE, and possibly others.

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Interesting idea. I start by looking at charts


                                                        20y    15y   10y    5y
FDS  [http://invest.kleinnet.com/bmw1/stats20/FDS.html](http://invest.kleinnet.com/bmw1/stats20/FDS.html)
ICE  [http://softwaretimes.com/pics/ice-06-30-2016.gif](http://softwaretimes.com/pics/ice-06-30-2016.gif)    -      -   10.6% 19.9%
MCO  [http://invest.kleinnet.com/bmw1/stats20/MCO.html](http://invest.kleinnet.com/bmw1/stats20/MCO.html)
SPGI [http://invest.kleinnet.com/bmw1/stats30/SPGI.html](http://invest.kleinnet.com/bmw1/stats30/SPGI.html)
VALU [http://softwaretimes.com/pics/valu-06-30-2016.gif](http://softwaretimes.com/pics/valu-06-30-2016.gif)
MORN [http://softwaretimes.com/pics/morn-06-30-2016.gif](http://softwaretimes.com/pics/morn-06-30-2016.gif)   -      -    6.8%  8.5%
CBOE [http://softwaretimes.com/pics/cboe-06-30-2016.gif](http://softwaretimes.com/pics/cboe-06-30-2016.gif)   -      -     -   28.8%
TROW [http://invest.kleinnet.com/bmw1/stats25/TROW.html](http://invest.kleinnet.com/bmw1/stats25/TROW.html)

From that initial look I’d be interested in FDS and TROW

Denny Schlesinger

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I think TROW’s chart is a little weak - usually worse than the S&P 500.

I agree that FDS is worth a look. I learned about FDS from Fred Martin, who wrote “Benjamin Graham and the Power of Growth Stocks: Lost Growth Stock Strategies from the Father of Value Investing”.

I don’t mean that I know Martin personally; I looked at the holdings of his investment firm and its mutual funds - http://dginv.com/

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