I’m glad to see that Meg Whitman is making some changes and I think this is a good start.  There is no doubt that HPQ has been underinvested in R&D and I think it is crucial for them to make the long term decision to focus on innovation.  With the stock trading at 6 times...Read More

(Alice Schroeder, the author of “The Snowball: Warren Buffett and the Business of Life” had better access to Buffett than anybody that has written on his life.  While I’m a fan of anything about Buffett’s career and investment acumen, I thought the book was only adequate.  I’ll be the first to say that I don’t agree with Buffett...Read More

While I’m not sure I believe the number, I do believe that Saudi Arabia can expand output.  In addition we have seen radical changes in both fuel efficiency, and supply production, particularly with development of the fracking business.  If China slows down, and if the United States get’s more aggressive on utilizing natural gas as...Read More

Jefferies (JEF) has done a remarkable job rebounding from the “bear raid” that the stock faced last year, after a very poor research report from Egan-Jones raised alarms as to their exposure in Europe.  These trading numbers should augur fairly well for financials this quarter and I’m anxious to delve more deeply into the quarter....Read More

The writing is on the wall for the slowdown in Chinese economic growth.  Unsustainable hard asset construction has been crucial for the cyclical buoyancy to many commodities such as iron, copper, crude oil, etc.  This Asian growth has been vital as the traditional economic heavyweights have been hindered through a severe recession, and several different...Read More