Day

May 3, 2012
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...
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At T&T Capital Management we have invested in some high yielding bonds from Exco Resources (XCO).  Exco is struggling with extremely low natural gas prices but they have some very valuable assets such as their one-half stake in TGGT, which is a pipeline company.  By selling the pipeline and using the cash to pay down...
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Facebook (FB) is valuing itself at as much as $96 billion in its upcoming IPO.  This reflects a valuation of 24 times sales in the past 12 months versus 5 times sales for Google (GOOG).  While Facebook likely can grow revenue at a greater rate than Google over the short term, paying such a premium...
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Amazon’s share of the tablet market dipped to 4% from 17% in the first quarter, while Apple’s market share increased to 55%.  This really highlights the extraordinary strength of Apple and their ability consistently garner sales at a level that crushes the competition.  The Kindle is a wonderful product at a cheaper price point but...
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http://www.bloomberg.com/news/2012-05-03/zuckerberg-facebook-backers-plan-to-sell-5-5-billion-in-stock.html INVESTING IN THE FINANCIAL MARKETS INVOLVES RISKS. OPTIONS ARE NOT SUITABLE FOR ALL INVESTORS.
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AIG came out with exceptional earnings after the close today.  The company earned $3.2 billion in the quarter and had operating income of $1.65 a share versus expectations of $1.13 per share.  The company increased book value to $57.68 reflecting 69% upside from the current price.  Recent sales of the Maiden Lane portfolios and AIA...
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This is an excellent article outlining the political climate in China after the fall of Bo Xiliai. http://www.businessweek.com/articles/2012-05-02/the-great-fall-of-china#p1 INVESTING IN THE FINANCIAL MARKETS INVOLVES RISKS. OPTIONS ARE NOT SUITABLE FOR ALL INVESTORS.
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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...
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It seems like energy producers are finally taking the steps needed to create a bottom in natural gas.  I’d suspect we are close but maybe not quite there yet as demand still needs to pick up a bit more.  The fact that oil prices are so high and natural gas prices are so low seems...
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More positive news on the homes front as Beazer Homes (BZH) reported a tremendous surge in home closings.  Issues certainly remain but the housing market is gaining traction.  With inventories relatively low it will be essential for job growth to remain fairly solid to keep the momentum.  Lately the data on jobs hasn’t been too...
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