This is an exceptional report on Loews Corp (L). CEO James Tisch.  Tisch has an excellent investing track record and Loews is a company that we believe offers solid value at current prices.  This insight into the inner working of Loews is really interesting.  I’m very surprised he hasn’t been more aggressive allocating capital but...Read More

After the market closed today the government announced that they will be selling some more of their stock.  They didn’t specify size as that is contingent upon pricing.  The good news for AIG shareholders is that the company is buying back $2 billion of their stock.  At just over 50% of tangible book value this...Read More

France Telecom (FTE) is one of our favorite European stocks at T&T Capital Management.  The stock has been battered due to increased competition particularly from Illiad’s “Free” network.  The lower cost operator is stealing market share away from FTE, and investors are concerned that it could negatively impact margins.  In looking at the history of...Read More

For those investors that are beating down the door to buy the Facebook IPO, it might be a good idea to think about why insiders are willing to sell their stock.  It doesn’t mean that the price won’t rise or that in 5 years the market cap won’t be double what it is currently, but...Read More

This is a wonderful piece on Ajit Jain who runs Berkshire Hathaway’s (Brk/B) mammoth reinsurance business.  Jain is my prediction for Buffett’s successor for whatever that is worth.  The reasoning for this is the man is clearly an exceptional talent, and Jain has proven that he is loyal and he has the passion for Berkshire...Read More

David Einhorn points out some of the serious negatives to the Federal Reserve’s low interest rate policy, particularly highlighting the negative impact that it has on savers.  While I agree with Einhorn’s sentiments, I truly believe that the reason the Fed has had to be so loose with monetary policy is because it has had...Read More

Warren Buffett was interviewed before the big shareholder meeting tomorrow by Liz Claman of Fox Business Network.  Below is the transcript provided by Gurufocus. http://www.gurufocus.com/news/174294/warren-buffett-interview-before-shareholder-meeting-david-sokol INVESTING IN THE FINANCIAL MARKETS INVOLVES RISKS. OPTIONS ARE NOT SUITABLE FOR ALL INVESTORS.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

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...Read More

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...Read More