Insanity: Doing the same thing again and again while expecting a different result.
Maybe this is why we hear nothing about jobs out of Washington anymore…
Officers and Directors ususally like to buy low and sell high.
Logic says that last week’s 2.4% rise in the DJIA would make insiders more prone to selling and less inclined to buy. Instead, company officers turned somewhat more bullish as fears of a major sell-off vanished like Kayser Soze [Continue Reading]
Valmont Industries could be the greatest growth stock you’ve never heard of.
Is it better than Berkshire Hathaway? The numbers say yes.
You would think that a stock that turned $10,000 into $64,415 over the most recent decade would attract a lot of ink. In reality, very few investors [Continue Reading]
Option Expiration Came One Day Early this Month
Market Shadows’ Virtual Put Writing Portfolio had one short option position expire after today’s close. The result was not in doubt. Carnival Cruise Lines parent company, Carnival Corporation (CCL), had taken a big hit last September on a lot of [Continue Reading]
Every day was a holiday this week in terms of making money.
We truly enjoyed all four days of the holiday shortened trading week which culminated with the Virtual Value Portfolio sitting at an all-time record by the 4 PM closing time on Thursday. Our $100,000 stake [Continue Reading]
Two guest authors, David Stockman and long-time contributor John Rubino, write about Abenomics.
This one matters a lot. Abenomics was predicated on a lunatic notion—namely, that the economic ills from Japan’s massive debt overhang could be cured by [Continue Reading]
Puerto Rico Bonds Down 5% In First Month
Michael Aneiro of Barron’s noted that Puerto Rico’s recent bond offering has been worse than the stock market.
In fact the bonds have been trading today at levels that would mark a 5% loss for investors since Puerto Rico sold $3.5 Billion worth, one month ago.
The bonds now [Continue Reading]
Market Shadows Excelled – With a 1.36% Weekly Decline
In the land of the blind, the one-eyed man is King. Our Virtual Value Porfolio took on that role this week as we lost a modest 1.36% of our value while the DJIA, S&P 500 and Nasdaq Composite [Continue Reading]
Those who watch what’s UP when most stocks are FALLING might want to check out the action in CHRW.
Logistics company C H Robinson (CHRW) was up yesterday and is up nicely again today (+ 2.29% as of 2:03 PM) despite the big market sell-off. There are large size bids from call buyers.
Is good news [Continue Reading]
For more about the IPO-ed ALLY, read David Stockman’s post, copied below. He also covers La Quinta, an “uninspired mish-mash” of hotels.
Courtesy of David Stockman
This Wall Street Journal headline surely speaks of a market top:
U.S. IPO Market Expects Busiest Week Since [Continue Reading]
By Paul Price
Ally Financial (ALLY: the old GMAC) came public this week at $25 but has never traded that high again since.
ALLY needed a taxpayer funded bailout to survive the 2008-09 credit crunch. They failed early banking industry stress tests.
They have one big problem compared to all their major competitors.
One picture is worth [Continue Reading]
Television’s Dr. Phil is famous for saying that the best predictor of people’s future behavior is their past behavior.
I agree with him on that point and think it applies to stock trading just as much as it does with human behavior. A stock’s own history [Continue Reading]
Locked in Two Gains – Redeployed Cash into Honda
Market Shadows’ Virtual Value Portfolio decided to sell out of both Helmerich & Payne (HP) and Kohl’s (KSS) today. We locked in nice gains on both stocks.
Kohl’s was purchased for $46.00 on Nov. 29, 2012 and sold this [Continue Reading]
Knowing what things are worth lets you move quickly.
When world-class companies go on sale at new lows it is worth talking a good look. When the shares are down despite outstanding fundamentals it demands action.
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