SeekingAlpha
- ShengdaTech, Inc. F4Q10 (Qtr End 12/31/09) Earnings Call Transcript
- ShengdaTech, Inc. (SDTH)F4Q10 (Qtr End 12/31/09) Earnings CallMarch 16, 2010 9:00 am ETComplete Story »
- Housing Starts Will Stall as Stimulus Fades
- Markos Kaminis (Wall St. Greek) submits: Housing Starts faded in February due to weather, but in the summer months ahead, we think the potency of stimulus could prove inadequate
- Will Oracle's Sun Continue to Shine?
- Chuck Carnevale submits:Oracle and Sun Microsystems CombinedThe 33rd America’s Cup Match is not the only sailing that Larry Ellison and his Oracle (ORCL) team partake in. With the recent closing on January 27 of the acquisition of Sun Microsystems, the
- H&R Block and Jackson-Hewitt's Time Has Come and Gone
- Steve Alexander submits:In reviewing the overall top 50 Magic Formula stocks from the official screen recently, it struck me as interesting that the two largest tax preparation firms in the U.S., Jackson-Hewitt (JTX) and H&R Block (HRB), both had made
- The VIX Is Down, But the Market's Fears Are Still Huge
- Calafia Beach Pundit submits: Im showing this chart for the umpteenth time in order to emphasize a point I havent made in quite awhile. The chart shows how tight the relationship between implied volatility
- Amylin: Shares Rise Despite Drug Approval Delay
- Zacks.com submits: The FDA recently issued a complete response letter delaying the approval of Amylin Pharmaceuticals, Inc. (AMLN), Eli Lilly and Co. (LLY) and Alkermes, Inc.’s (ALKS) once weekly formulation of Byetta (exenatide). The companies are seeking to get Byetta
- Currency Devaluation: A Race to the Bottom?
- Sol Palha submits:It is a wise person that adapts themselves to all contingencies; its the fool who always struggles like a swimmer against the current.-- Source UnknownComplete Story »
Blogging Stocks
- The Fed Decision: Maintaining an Extremely Delicate Balance!
- Filed under: Money and Finance Today, Economic Data, Headline News, Federal Reserve, Recession, Financial CrisisThe Federal Reserve Open Market Committee (FOMC) issued its statement indicating again that interest rates will remain low
- Greece Gets Financial Lifeline Pledge From EU
- Filed under: International MarketsTuesdays key developments in As The Euro-Zone Turns:European finance ministers adopted a bailout framework for debt-plagued Greece, Bloomberg News reported Tuesday.The plan represents the first time since the euros
- Closing Bell: From FOMC to Greece to Rumors (GE, SQNM, BTIM, HOG, NBG, CBS)
- Filed under: General Electric (GE), CBS Corp B (CBS), Harley-Davidson (HOG)The FOMC not only kept rates at near-zero, the FOMC promised again that an extended period was left in the statement with
- News Corp Not Having Fun With MySpace
- Filed under: Internet, Google (GOOG), Walt Disney (DIS), News CorpB (NWS), Media WorldDo you remember when MySpace was all the rage? Of course you do. Then came Facebook; then came Twitter. Something
- BroadSoft calls up an IPO
- Filed under: Deals, Initial Public OfferingsThis week, telecom software provider, BroadSoft, filed for an IPO to raise $103.5 million. And the company will certainly need the capital. After all, competitors include biggies
- Harley Davidson Accelerates on Takeover Talk
- Filed under: Harley-Davidson (HOG)At midday this afternoon Harley-Davidson (HOG) was more than 5% higher, trading above $28 thanks to rumors of a potential leveraged buyout. Reportedly, private-equity firm Kohlberg Kravis Roberts (KKR)
The Kirk Report
- Wisdom Of Livermore
- Every once in a while you must go to cash, take a break, take a vacation. Dont try to play the market all the time. It cant be done, too tough on the emotions. - Jesse Livermore In the wisdom...
- Lucky Charms Portfolio
- Almost a year ago I asked members to submit the ticker of a stock they think would bring investors the most luck over the coming year. I remember at the time receiving more than a few emails suggesting I was...
- Make It Fun
- In law school when I started trading actively on a full-time basis, I had little money and lots of interest in the market. In order to continue to improve myself and learn to be better, I had to find creative...
- Dave Landry
- Dave Landry from DaveLandry.com will be here at 12:PM EST to take our questions. To attend the session live (or read it later) please visit the following link: Strategy Session: Dave Landry It is difficult to believe that it has...
- Jeff Pietsch
- Jeff Pietsch from ETF Rewind will be here at 12:PM EST to take our questions. To attend the session live (or read it later) please visit the following link: Strategy Session: Jeff Pietsch (ETF Rewind) As a fund manager for...
- Catch & Trap
- On the 10th day, Uncle Russ ran out of luck. Everything that seemed to be working in the bulls favor was absent in todays session. And, frankly, even the most novice of chart readers can probably easily see the head...
- Weekender
- A few to review over the weekend... Weekend vantage points (TraderFeed) Whats on tap for next week? (MarketBeat) The state of the market for Monday (MarketSci) Is this a bull trap? (DecisionPoint) The up correction now will be limited and...
Footnoted.org
- Airvana and the “Mergerwocky”
- While we haven’t yet seen the new movie Alice in Wonderland, we definitely felt like we had fallen down a rabbit hole when we read Airvana, Inc.’s (AIRV) recent merger proxy.The Chelmsford, Mass-based company, which sells network infrastructure products to the
- The perks that ate infoGROUP …
- One key principle here at footnoted is that the small stuff does matter. Look no further than Vinod Gupta, who, yesterday evening, became the Securities and Exchange Commission’s poster child for perks run amok.Of course, in Gupta’s case, the little
- Not too timely at Coventry Health…
- Here’s one reason companies might want to work extra hard to disclose employment contracts sooner rather than later: Delays can raise more and thornier questions.Consider Coventry Health Care Inc. (CVH), the $3.5 billion managed-care company based in Bethesda. It filed
- A taxing disclosure at Fortune Brands …
- It’s a rare day when corporate America cites the Internal Revenue Service as a bastion of restraint and sober perspective — especially when it comes to personal income.Yet there on page 35 of the proxy filed by consumer-products conglomerate Fortune
- Why proxies are so sexy…
- I was in Chicago earlier this week working on some integration issues with the folks at Morningstar, but found time to tape this video on proxy season which is going on right now. Here’s a link.
- Boeing’s million-plus consultant…
- Last August, Boeing (BA) announced a management reshuffling that included the departure of Scott Carson, who had been running the company’s Commercial Airplanes unit. The release, which was dated Aug. 31 — when few people were likely paying attention, given
- Sonic execs drive up auto perks …
- It’s been a rocky couple of years for the car industry, which still employs hundreds of thousands of Americans, and now the public owns hefty chunks of General Motors and Chrysler. So we wouldn’t be surprised if more than a
TraderFeed
- Midday Briefing for March 16th: Awaiting the Fed
- Going into the Fed announcement, Im watching the 1149-1150 area in the ES futures closely, as that represented the pre-opening
- Tuesday Morning Viewpoints
- * A technique for defusing stress during trading;* Confidence is not something we have...it is something we do.* Worthwhile insights from Martin Fridson: bonds, rates, stocks;* Oil demand becoming less responsive to price; shocks ahead?* Excellent overview of economic indicators;*
- Risk Appetite and the Relative Performance of Small Cap Stocks
- Here we can see an important dynamic of the recent bull move in stocks: smaller cap issues (IWM; yellow line)
- Five Trading Virtues: Best Practices for Traders
- My recent post focused on common mistakes that traders make. I thought I would address the reverse issue and offer five best practices Ive noticed among good traders:1) Preparation to start the day and week: Having a clearly formulated strategy
- Morning Briefing for March 15th: Looking to the Downside
- Recent posts have focused on the recent loss of upside momentum in stocks following a run to new bull highs.
- Good Reading to Start the Market Week
- * How to build your consistency as a trader;* Excellent, thoughtful article: how globalization has outpaced governments economic control;* Why we are blinded by surprise; thanks to a reader for passing along;* Concerns over muni debt in Detroit and elsewhere;*
Random Roger's Big Picture
- Retirement Investing: What To Do in a Near Zero-Rate Environment?
- Retirement Investing: What To Do in a Near Zero-Rate Environment?As an FYI I will be participating in the above linked panel at Seeking Alpha tomorrow at 2pm EDT. The other panelists are David Merkel and John Lounsbury. Hopefully I can
- Friday Quick Fire
- The title as a nod to one of my wifes favorite shows; Top Chef. Padma is ok too.IndexUniverse reported that Van Eck has filed for a non-dollar denominated emerging market bond fund. There are two EM bond ETFs that I
- China Has A Low Correlation?
- The crew at Bespoke Investment Group posted a chart noting the divergent paths taken by the S&P 500 and the Shanghai Composite. The extent of the divergence has ebbed and flowed before and YTD they seem to be moving in
- Only 20 Years To Save?
- There was an interesting comment thread on the Seeking Alpha version of yesterdays post about Paul Farrell.A couple of people noted
- Big Changes Whether We Like Them Or Not
- A lot of people write about big changes going on in places like China. Ive referred to this sort of thing as emergence of a middle class and an ascendancy to an American lifestyle. To repeat, these represent big changes
- Sunday Morning Coffee
- A little help?Ive mentioned a couple of times that I will be speaking at the Moneyshow in Vancouver in April.
- The Big Picture for the Week of February 21, 2010
- In response to my noting the collective $1 trillion hole for the state pension funds a reader asked Why does a return of 6-8% seem OK for a pension portfolio, while 4% is the expected return for a personal portfolio?There
Ticker Sense
- March 15th Blogger Sentiment Poll
- Bloggers are mostly bullish at the start of the week. Blogger Sentiment Poll Participants: 24/7 Wall St (-) Carl Futia (+) Dash of Insight (N) Elliot Wave Lives On (+) In the Money Maoxian Millionaire Now (-) Peridot Capitalist (-)...
- The Bull Market Turns One
- The bull market is one year old today. In the past year the S&P 500 had gained 68%. Financials, consumer discretionary, and industrials have been the strongest sectors. Looking forward over the next six months of the bull market, historically...
- March 8th Blogger Sentiment Poll
- The poll remains moderately bullish this week. Blogger Sentiment Poll Participants: 24/7 Wall St (N) Carl Futia (+) Dash of Insight (-) Elliot Wave Lives On (N) Fallond Stock Picks (+) In the Money Learning Curve (-) Maoxian Millionaire Now...
- Newsletter Portfolios Continue to Outperform
- Subscribers to Birinyis Reminiscences newsletter are enjoying healthy gains again this month. New recommendations were distributed last week; already one trading name has hit its price target and a long-term growth name has gained over 12%. Click here to learn...
- Sector Weighting Update
- Technology, energy, and industrials remain Wall Streets favored sectors going forward. Telecom and utilities are underweighted. Consensus Sector Weightings
- March 1st Blogger Sentiment Poll
- Bloggers remained bullish following Februarys gain. Blogger Sentiment Poll Participants: 24/7 Wall St (N) Carl Futia (+) Dash of Insight (-) Elliot Wave Lives On (N) Fallond Stock Picks (+) In the Money Learning Curve (-) Maoxian Millionaire Now (-)...
- The Beginning of a Tightening Cycle?
- Last week the Fed raised the discount rate from 0.50% to 0.75%. Prior to 1984 the discount rate was the primary tool for rate policy, since 1984 they have used the Fed Funds rate. The current survey of economists by...
Gannon On Investing
- Suggested Link: Charlie Munger Op-Ed
- Warren Buffetts business partner, Charlie Munger, writes an op-ed in the todays Washington Post.Read How We Can Restore Confidence by Charlie Munger.
- On the Geithner Plan
- Yesterday, the stock market tanked as Treasury Secretary Geithner outlined his financial stability plan. Blogger Felix Salmon noticed the mirror image:“I like the symmetry here. On November 21, when Barack Obama announced that he was nominating Tim Geithner to be
- On the President's Address
- President Obama spoke about the economy last night. I am not a political commentator, so I may not be able to correctly score the politics of the fight.The President began by painting gloomy word pictures of a Depression – without
- New Podcast Episode: Friday, February 6th, 2009
- A new episode of the Gannon On Investing Podcast is now available.
- New Podcast Episode: Thursday, February 5, 2009
- A new episode of the Gannon On Investing Podcast is now available.
- New Podcast Episode: Wednesday, February 4, 2009
- A listener asksMuch of the focus in value investing texts is on finding the rightcompany at the right price, very little time is spent discussing whento sell. Since the decision to sell is contextual to each investment Iwould like to
- New Podcast Episode: Tuesday, February 3, 2009
- A listener asksHow can I apply the concept of intrinsic value to currencies in my international investments? I know how to handle business risk and market risk - but how can I apply the principles of value investing to exchange
Value Discipline
- The Developing Compensation Philosophy of the Treasury Department
- Here is a link to Gene Sperlings opening statement: http://www.treas.gov/press/releases/tg166.htm#_ftnref3There are some very interesting quotes that help to frame Treasurys philosophy re systematic risk and executive compensation in this statement.Compensation structures that permitted key executives and other financial actors to
- Executive Compensation-Government is Not Going Away
- Corporate governance is a topic that many of us tend to ignore, leaving it to the institutions or corporate raiders that are looking to influence the strategic direction, the capital allocation, the corporate structures or the compensation structures of business.Yet,
- Analysts in the Confessional
- So why the lag in taking earnings estimates down? NBER yesterday declared the existence of recession, yet analysts continue to be reluctant to fess up and mark down their numbers.In an interesting article in Australias Business Spectator this morning, two
- Staying in the Game
- My sincere apologies to readers I have disappointed in my absence over the last several months. As our business has grown, time has certainly been at a premium and unfortunately, we have neglected our responsibilities to this blog. We hope
- The Success Effect
- Business and investing is all about people. Great ideas are not just about numbers, and are not just about metrics. Developing an insight
- Ben Graham meets the Exchange Trade Note part II
- As discussed in the previous post, Nuveen has created an interesting Benjamin Graham based index. Here is a look at the Graham Small Cap Index constituents for the Benjamin Graham Small Cap Value ELEMENTS portfolio:A O Smith CorpAdministaff IncAdtran IncAlon
- Ben Graham meets the Exchange Traded Note
- Exchange traded notes (ETN) are a fairly new investment product that share some characteristics of exchange-traded funds, or ETFs. They are simply direct debt obligations issued by a bank or investment firm rather than an interest in a pool of
NO DooDahs!
- Automotive Annoyances
- A few things that bothered me yesterday about the news coverage of the pending bailout for domestic auto(loan)makers.“GM makes cars nobody wants” Vs. “GM sold __ million cars in the U.S. in the last __ years”“Nobody wants” is an exaggeration,
- Buy-A-Bank Bailouts
- The Hartford (HIG), a.k.a. “The Neutered Stag,” has pulled a fast one! They bought a bank, just in order to get bailed out.In some bizarre way, this multi-national, multi-billion-dollar insurer can buy some tiny, eleven-branch-having, single state bank off of
- Busy With Other Projects, Back Again Soon
- No description.
- Updates at The Rempel Report
- Still no Timing signalValue Portfolio updatePersonal returns for October 2008
- Piece of the Rock Randomosity
- Get it, baby! Get a piece of the rock! Prudential Financial (PRU) reported yesterday. Lots of ways to put lipstick on this pig, and turn a loss per share into a “
ModernGraham.com
- Updated Valuations – Week of 2/22/10
- You can view more company valuations by visiting the valuations database in the navbar. There are 145 companies in the database including all 30 components of the Dow Jones Industrial Average!Due to the increasing number of companies in the database
- Updated Valuations – Week of 2/15/10
- You can view more company valuations by visiting the valuations database in the navbar. There are 145 companies in the database including all 30 components of the Dow Jones Industrial Average!Due to the increasing number of companies in the database
- Updated Valuations – Week of 1/4/2010
- You can view more company valuations by visiting the valuations database in the navbar. There are 145 companies in the database including all 30 components of the Dow Jones Industrial Average!Due to the increasing number of companies in the database
- A Look Back on 2009 for Modern Graham
- 2009 was a record year for Modern Graham. With over 40,000 visits from over 28,000 unique visitors, more people visited the site than any year before. Now that the year is over, it is time to look back on what
- Added and Updated Valuations – 12/29/09
- I didn’t have time to add any new companies to the database due to the holidays, but you can view more by visiting the valuations database in the navbar. There are 145 companies in the database including all 30 components
- Added and Updated Valuations – 12/21/09
- This is a day late, and it includes a few companies that were scheduled to be updated last week. For those readers who don’t know, I’m currently in law school – and had exams the last couple of weeks. As
- Festival of Stocks #172
- This week we have the honor of hosting the 172nd edition of the Festival of Stocks. According to the festival’s original sponsor, ValueInvestingNews, “The Festival of Stocks is a blog carnival dedicated to highlighting bloggers’ best articles on stock market
Stock Market Beat
- Truck Tonnage Index
- Truckline.com ArticleCompared with October 2008, SA tonnage fell 5.2 percent, which was the best year-over-year showing since November 2008. In September, the index was down 7.3 percent from a year earlier.
- Corporate Cash Flow
- St. Louis Fed: FRED Graph
- Corporate Profits
- No description.
- Capacity Utilization
- St. Louis Fed: Series: TCU, Capacity Utilization: Total Industry
- Capacity Utilization
- St. Louis Fed: FRED Graph
- Corporate Profits
- St. Louis Fed: FRED Graph
- Capacity Utilization
- St. Louis Fed: Series: TCU, Capacity Utilization: Total Industry
Berkshire Ruminations
- Fundamental Value Investors: Characteristics and Performance
- My good friend Wes Gray and I recently wrote an academic paper about value investors. Wes is a fellow coauthor mine over at the Empirical Finance Research blog. In our paper we analyze the investment recommendations on the website Value
- Doing the math on CEG (back of the envelope)
- I post this not as any type of authority, but just to figure it out for myself. Can anyone explain better than I have here why CEG stock fell yesterday?This past summer MidAmerican Energy agreed to acquire all outstanding shares
- Thoughts on a Big 3 "Bailout"
- With so much talk, debate and controversy over the idea of “bailing out” the Big 3 automakers, I find it amazing that so little of this discussion has been on the topic of bankruptcy. The media, congress and the Big
- Merger Arbitrage Mania!
- I haven’t heard a lot of discussion about this, so I thought I would put my thoughts down on this blog, because to me the phenomenon is pretty obvious. There is some serious value out there right now, and for
- Victory for Wooden Arrow Advocates
- It was a glorious evening yesterday when the U.S. Senate passed its version of H.R. 1424, the package of legislation representing Congress’ half-hearted attempt to stabilize the economy. It was glorious for all those of us who have striven so
- PS - Where's the hedge funds' bailout?
- As the day has worn on, I am getting convinced this is political because here is what Ive been told. Hedge funds are evil. Short sellers are evil. Even the SEC is evil - and that was before it decided