Read our latest research report by our Chief Investment Officer Tim Travis on American International Group, Inc. (AIG). AIG – Recent Selloff is Great  Read More

Below you’ll find a link to my most recent and comprehensive research report on Assured Guaranty (AGO).  As most of you are aware, we’ve taken advantage of the recent dip to substantially increase our position size for those that have free cash.  In addition, we also have sold puts throughout the year and the last...Read More

Hello Everybody, Earnings season has started off very strongly for the big U.S. banks, which we’ve owned for over 5 years now.  Credit conditions started improving about 3 or 4 years ago and is now absolutely pristine.  Unfortunately, litigations and most importantly penalties imposed by government agencies have cost these companies and shareholders tens of...Read More

Read our latest research report from Chief Investment Officer Tim Travis on JP Morgan Chase & Co. (JPM) JPMorgan Chase – Premier Competitive Position But Just Adequate ValueRead More

Hello Everybody, The last few weeks have seen a torrential downpour of bad news.  To briefly recap:  Greece is very likely headed out of the Eurozone, barring a massive last minute effort on both sides to come together to preserve the Union.  The Chinese stock market after being up 135% over the last year, has...Read More

Read our latest research report from Chief Investment Officer Tim Travis on Assured Guaranty (AGO). Puerto Rican Sell-Off Brings Forward Tremendous Opportunity for Assured Guaranty  Read More

Value investing is all about buying companies at a deep discount to intrinsic value.  Often these companies are dealing with short-term issues such as a cyclical downturn.  Today we closed out one of our larger positions, which was in the agricultural equipment manufacturer AGCO.  We bought the stock mostly in the low to mid $40’s...Read More

Hello Everybody, Yesterday I was reading an interesting in interview with Bill Ngyren who is a famous value investor that runs Oakmark.  Ngyren’s funds are also invested in AIG as well as a few other financials similarly to how we’ve been invested for years now.  His rationale is not much different than mine, but I...Read More

Read our latest research report from Chief Investment Officer Tim Travis on American International Group (AIG). AIG – P&C Underwriting Profit Augurs Well For AIGRead More

Read our latest research report from Chief Investment Officer Tim Travis on Citigroup Inc. (C) Citigroup – As The Fog Lifts, The Stock Will Go HigherRead More