Tag

Shareholders
Well that was one heck of a week.  While I certainly was not smart enough to predict the results of the election, it has had a profound impact on my expectations for us as investors.  For the last 7 years, I’ve been one of the most vocal advocates of financial stocks that I am aware...
Read More
As a firm, our biggest position has been Assured Guaranty (AGO) for quite some time. We have written about it extensively and covered the attractiveness of the opportunity in great detail. Today was a great day, as we really got confirmation of the incredible progress that this company is making.
Read More
The biggest U.S. banks have now reported 3rd quarter earnings and they have all exceeded expectations.  2016 started so horribly for the big banks.  Poor economic data globally diminished the prospects of rate hikes, oil’s plunge created worries about the need for increased reserve provisioning, and Brexit had investors worried of a systemic collapse.  I...
Read More
Below is TTCM’s most recent research report on Assured Guaranty. We believe that Puerto Rico fears are greatly exaggerated for AGO. Follow the link to read more.  I hope you enjoy! http://seekingalpha.com/article/3964126-puerto-rico-fears-greatly-exaggerated-ago   Investing in AGO? You’ll want to read these exclusive PRO articles: Assured Guaranty – 50% Of Growing Adjusted Book Value by Tim...
Read More
Below is the letter to MBIA shareholders’ written by CEO Jay Brown.  MBIA is another major bond insurer similar to AGO, although AGO is the much stronger company.  I wanted to share the letter because he makes some key points regarding exposure to Puerto Rico, which I believe to widely misunderstood by the overall market....
Read More
Apparently Vivendi (VIVHY) CEO Jean-Bernard Levy is preparing to step down.  This is good news for shareholders as it could potentially increase the odds of the company spinning off or selling some of their assets.  This conglomerate trades at a substantial discount to their sum of the parts value, and Levy has been an advocate...
Read More
I find myself disagreeing reluctantly with one of my favorite investors Michael Price in his assessment of breaking up the big banks.  While I don’t disagree that the value of the banks would increase over the short term, I do believe that increased size allows for certain efficiencies which would be compromised if they were...
Read More
Kudos to Yahoo for getting this deal done with Alibaba despite the Scott Thompson debacle.  This should remove a significant overhang for the stock and the price seems quite reasonable.  The biggest risk now for Yahoo shareholders would be a poor acquisition that would be value destructive. http://online.wsj.com/article/SB10001424052702304019404577416571623411072.html?mod=WSJ_hp_LEFTWhatsNewsCollection INVESTING IN THE FINANCIAL MARKETS INVOLVES RISKS....
Read More
Avon Products (AVP) is most certainly in play as news has broken that a new bid is likely to emerge as Richmont is attempting to raise financing.  I think it would make sense for Avon to sell itself in the $27-30 per share range.  Avon recently appointed Sheri McCoy to the CEO role which is...
Read More
With the Berkshire Hathaway shareholder meeting occurring this week there will be a tremendous amount of publicity on the company.  It is amazing to me how inexpensively the stock is trading given the excellent performance of the underlying businesses, and the opportunity to grow moving forward.  Berkshire is poised to prosper as housing improves, and...
Read More
1 2

Recent Comments

    7242 East Cortez Rd
    Scottsdale, AZ 85260
    Phone: 805-886-8140
    Fax : 949-335-9784