LC

Jeeze, sounds like you may want to find a discount broker, unless you are intentionally attracting the negative criticism to test your investment thesis.

At 5 times cashflow, do you really need a good idea of what the business looks like in ten years? If the cashflow is spent on buybacks and acquisitions at reasonable prices, isn't it hard to come up with a scenario where the investor loses here? What makes you say the cash will be spent on the shareholders vs being wasted trying to innovate within a shrinking business?

I had to google what life settlement was. I can only imagine what a terrible industry that would be to work in. It makes me queasy just thinking about the horror stories you probably have.

Yes

I love the idea- I didn't post because I did not feel I could add anything valuable, however I think it is an excellent idea and hope you continue.

I'm not sure...what happens when you invest in 8-track players? I'm OK with the tax structure the way it is in terms of short/long term capital gains. I think a tax on transactions is a healthier option.

What do you use to screen for these companies? I use the financial times screener but like to use 2-4 screener with the same criteria to make sure the companies I invest in are showing up in all, therefore removing any data/system errors one screener may have.