SeekingAlpha
- Was BofA Pulling Lehman's Balance-Sheet Tricks?
- Felix Salmon submits: John Hempton is the kind of guy who compares the numbers for quarter-by-quarter average assets in Bank of America’s (BAC) annual reports with the numbers for total quarter-end assets in its quarterly reports. And guess what —
- Eldorado Gold Corporation Q4 2009 Earnings Call Transcript
- Eldorado Gold Corporation (ELD)Q4 2009 Earnings Call TranscriptMarch 19, 2010 11:30 am ETComplete Story »
- The EU Debt Crisis and How to Profit From It
- Cliff Wachtel submits: Do you feel confused about the EU Debt Crisis? Or have you just not kept up with it? Not sure what will happen or how to protect yourself and prosper from it? Here’s the past 4 months
- The Week in ETFs
- Michael Johnston submits:A week highlighted by the relatively uneventful Federal Reserve meeting saw equity markets head generally higher, as investors cheered the prospect of several more months of low interest rates. After months of heated debate, a vote on health
- DirecTV: Is Its Latin American Business a Significant Stock Driver?
- Trefis submits: DirecTV (DTV) is the biggest satellite pay TV provider in the US. It competes with other satellite and cable providers like Dish Network (DISH), Comcast (CMCSA) and Time Warner Cable (TWC). The company’s Latin America business is growing
- Emerging Market ETFs: What's In a Name?
- Tom Lydon (ETF Trends) submits: The problem with emerging markets is that eventually, most of them grow up and not everyone agrees on what defines “grown up.” As
- Fitch: U.S. and U.K. Need to Cut Budget Deficits by 6-7 Percentage Points to Bolster AAA Ratings
- Research Recap submits: Fitch Ratings suggests that the US and the UK need to cut their primary budget deficits by 6-7 percentage points of GDP to be sure of maintaining their AAA sovereign debt ratings. In a presentation to the
Blogging Stocks
- Q1 Cats Likely to Have Reinsurance Earnings Impact
- Filed under: Forecasts, IndustryAfter weeks of speculation, the financial damage from the Chile earthquake and Windstorm Xynthia in Europe is starting to emerge. According to a recent report by Moodys, 16 global
- YouTube Attorney Alleges Viacom Set Up
- Filed under: Law, Internet, Google (GOOG), Viacom (VIA)Viacom is now being blamed for secretly uploading copyright infringing content by YouTubes chief counsel, Zahavah Levine. This announcement comes as the court prepares to
- Deadbeat Stock #2: Palm (PALM)
- Filed under: Palm Inc (PALM), Stocks to SellWould anyone care if Palm (PALM) went away -- other than its employees and shareholders?This company is seeing
- Earnings Highlights: Discover, FedEx, GameStop, Guess, Nike, Palm ...
- Filed under: Earnings Reports, Starbucks (SBUX), Cintas Corp (CTAS), FedEx Corp (FDX), NIKE, IncB (NKE), TD AmeriTrade Holding (AMTD), Alcatel-LucentADS (ALU), GameStop Corp (GME)Here are some highlights from this past weeks earnings coverage on BloggingStocks: Alcatel-Lucent (ALU) received an analysts
- Perry Ellis Sold Off on Q4 Earnings
- Filed under: Earnings Reports, Liz Claiborne (LIZ), Polo Ralph LaurenA (RL)If you are a shareholder of apparel entity Perry Ellis (PERY), you probably arent so happy about the price action seen on
- Deadbeat Stock #1: Harley-Davidson (HOG)
- Filed under: Harley-Davidson (HOG), Stocks to SellHarley-Davidson (HOG) shot up recently on takeover rumors, but in my opinion, theyre just that -- rumors.Who needs a
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
- An oddly placed reward at Gannett…
- Some companies put together pay packages designed to keep top executives around until they retire. At newspaper chain Gannett (GCI), it’s almost like the board can’t wait for them to find the exit.Proxies these days lay out just what companies
- Foster Wheeler and the million dollar consultant….
- The Ides of March may have been unlucky for Julius Caesar, but it was a pretty good day for Raymond Milchovich.That’s because March 15th is the day that Milchovich, the Chairman/CEO of Foster Wheeler, Inc., (a subsidiary of Foster Wheeler
- AOL gives 110% …
- Three cheers for performance-based incentive awards! That’s the bedrock of American-style executive compensation, right? Pay for performance: It’s good for shareholders, the tax code encourages it, and such (we imagine) is the stuff of Pay Czar Ken Feinberg’s dreams.Take AOL (AOL)
- CIT Group Executive’s Letter Proves to be Valuable…
- At the beginning of February, CIT Group, Inc. (CIT) announced that its president and Chief Operating Officer, Alexander Mason, would leave the company on February 26th. Mason joined the company June 16, 2008, putting his tenure there at just over
- Louis Armstrong invades SEC filings…
- As we flipped through the preliminary proxy that supermarket chain Safeway (SWY) filed the other day, we found ourselves humming “Let’s Call the Whole Thing Off” — that song by the Gershwin Brothers that was famously sung by Louis Armstrong
- 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
TraderFeed
- How to Overcome Large Trading Losses
- A while back I wrote about the worst loss that I ever suffered in financial markets and how I handled that very difficult setback. Recently Ive heard from several traders who have experienced something similar: having built up their accounts
- Strategy, Tactics, and Rule-Governed Trading
- My recent post emphasized the importance of understanding ones own trading and the value of distinguishing between trading strategies and tactics. Hats off to Crosshairs Trader, who responded to the post by breaking down his trading into Grand Strategy, Strategies,
- Getting Punched in the Mouth as a Trader
- A savvy reader recently passed along a quote from Mike Tyson, the boxer:Everyone has a plan til they get punched in the mouth.Thats one of the central challenges of trading. We set out with plans, then we get punched in
- Trading Setups: The Failed Breakout Trade
- I trade a limited number of patterns.The transition pattern is a favorite; thats a reversal pattern. Another favorite are breakout
- Wrapping the Week With Good Reading
- * You cant solve a lack of discipline by imposing even stricter discipline;* Who will rescue Greece?* What should be a traders win rate?* Thanks to a sharp reader for catching this worthwhile post on the value of breaking routines;*
- Overcoming Cognitive Biases in Trading: The Value of Behavioral Finance
- A recent article on the Minyanville site does a nice job of describing some of the cognitive biases that traders experience and what they can do about those biases.A cardinal concept from behavioral finance is that we do not process
Random Roger's Big Picture
- The Big Picture for the Week of March 21, 2010
- Yesterday I ran across a thought provoking post on Seeking Alpha by Charles Hugh Smith. In general it was about the extent to which retail investors have sat out the big rally, how corrupted Wall Street et al is and
- More Montier
- A site called Simolean Sense posted a lengthy interview with James Montier who of course now works at GMO. Montiers comments were really a smorgasbord behavioral observations, assessments of psychological obstacles and other useful nuggets.First up was that while he
- Digging In To Portfolio Evolution
- Long time readers may know my fascination with the evolution of portfolio construction and the exploration of new asset classes and market segments. It is worth noting that more time is spent on the exploration than actual implementation but I
- The Best First Day Ever?
- Yesterday may have been the best first day of an NCAA Tournament ever in terms of exciting games and bracket upheaval.It
- Jim Rogers Says Watch It All
- The crew over at Wall Street Cheat Sheet posted a quick interview they conducted with Jim Rogers. There was one line in there that really resonated with me and was something new (to me anyway) in terms of his usual
- More Disagreement With Zweig
- One more nugget from Jason Zweig that I think misses the mark on portfolio construction. On page two of the Advisor Perspectives interview he talks about emerging market economies likely to grow more than the US but that has not
- Thursday Tidbits--Special March Madness Edition
- Yesterday I participated in the retirement panel with Seeking Alpha. This was the second panel like this (the other was a different topic back in November) Ive done with them. The positive, at least the ones Ive done, is that
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
- A Report from Today's Citigroup Meeting re Governance
- Corporate governance has always been an important part of value investing. Obviously, most of us hate waste when precious company resources are squandered to build executive dreams rather than shareholder capital. Misallocation of capital and failure to optimize returns on
- NCR versus Diebold
- Courtesy of Seeking Alpha, I have been privileged to have been introduced to an exciting new research product called Gridstone Research. Gridstone is a new research platform that combines financial data, operational data, and unstructured textual information about a company
- Techonomics and the ATM
- “By prevailing over all obstacles and distractions, one may unfailingly arrive at his chosen goal or destination.”- Christopher ColumbusNeedless to say, it has been an incredibly tumultuous environment. The economic outlook, despite a few specks of light in a dark
- Happy New Year!
- What can be said in New Year rhymes,Thats not been said a thousand times?The new years come, the old years go,We know we dream, we dream we know.We rise up laughing with the light,We lie down weeping with the night.We
- Fair Value, Mark-To-Market and Financial Reporting-Another Revision?
- Less than a week to go for 2008, and the Financial Accounting Standards Board (FASB) has a proposal which it has thrown into the arena to address the problem of fair value.Mark to market accounting has stirred up a very
- Happy Holidays!
- A simple and sincere message to all. Heres wishing you the best of holidays in this blessed season.Wishing all of you a Happy Hanukkah, a Merry Christmas, and peace!Looking forward to 2009, a Happy, Healthy and Prosperous Year for all!Rick
- Stocking Stuffers
- It has been a remarkable year. It has been year that many of us would just as soon forget. The cascading effects of deleveraging have been rampant across all markets.The financial turmoil of 2007-08-09? has deeply affected households as well
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
- Berkshire History in the Making!
- I don’t maintain this blog much anymore, but that doesn’t mean I don’t follow Berkshire Hathaway. And I would be remiss not to comment on the news I awoke to this morning. Today is likely the most historic day in
- Big Government, Small Growth
- I am an empiricist and leery of any economic assertion that isnt backed by sound data. And so I was pleased to see Dan Mitchells latest video because towards the ends it gives a brief bibliography of work published in
- Apparently a no-brainer. Who knew?
- I thought it was interesting that yesterday the Wall Street Journal reported that economists are nearly unanimous that Ben Bernanke should be reappointed to another term and that the majority also say the recession is over. Who exactly are these
- 100% Insanity
- To me, this is proof the mainstream media has absolutely no clue about economic reality.CNN proudly boasts today that Cash For Clunkers program is “Real Stimulus,” claiming that “The boost to auto sales caused by the government trade-in program should
- GM - What a joke
- Let’s face it. General Motors is in terrible shape. It sells an unpopular line of vehicles and is completely captive to its inflexible cost structure. Despite what political pundits would like to suggest, the company’s troubles are not the result
- A dual-class arbitrage in Berkshire stock?
- Hat tip to Ray for pointing this out to me. A few days ago BRK.B was trading at a level significantly lower than 1/30 of BRK.A. In fact the spread represented 7% of the value of BRK.B.This was a decent