Month

June 2012
Euro leaders produced some tangible results over the night through extended discussions.  They agreed to set up a single banking supervisor to oversee the industry, and this will enable funding from the ESM, which takes pressure off the peripheral countries economies that are struggling to raise cash at reasonable prices.  Finance ministers are targeting a...
Read More
This is an excellent account of the fall of Research in Motion (RIMM).  Even though the company has executed very poorly I believe the intrinsic value of the stock is quite a bit higher than the current price.  There is a wide range of potential outcomes so I wouldn’t make it a large concentrated positions,...
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
Richard Bove of Rochdales Securities is correct in his assertion that people shouldn’t make too much of the trading loss at JP Morgan (JPM).  Yes it is a significant mistake and should never have happened but JP Morgan has $20-$25 Billion in earnings power.  Although I do like JP Morgan here I’m more attracted to...
Read More
How to Use Dividends, Fixed Income, and Options to Supplement Your Income Lackluster economic growth and a severe financial crisis in Europe, have forced the Federal Reserve and ECB to keep interest rates near record lows.  This penalizes retirees and other savers whom are reliant on income generated from their investments to maintain or improve...
Read More
It is amazing to see how well Lennar (LEN) has performed relative to its peers.  Today the company reported extremely strong earnings.  Some of the highlights are the following: Deliveries up 20% from 1 year ago. New orders up 40% from 1 year ago. Backlog up 61% from 1 year ago. Operating margin improved 480...
Read More
This is a really interesting article about the changes in supply and demand that are having transformational impacts on crude oil prices.  I’ve never been an advocate of the “Peak Oil” theory and with natural gas prices at historic lows I believe it makes sense to make a more dramatic shift so that the United...
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
This was an exceptional interview on Bloomberg with Morgan Stanley (MS) CEO James Gorman.  Gorman correctly understands the global nature of the financial industry and the benefits of scale necessary to compete on that global level.  It is extremely obvious that the sum of the parts of these banks are greater than the current market...
Read More
There were positive signs in the data for pending sales of U.S. homes and durable good orders, which are a welcome relief from the recent data which has been quite poor.  There is no doubt that if the U.S. economy is to outperform expectations housing will be a key cog in doing so.  Sentiment amongst...
Read More
1 2 3 8

Recent Comments

    Archives

    [vc_separator type=’transparent’ position=’center’ color=” thickness=” up=’6′ down=’6′]

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

    [vc_separator type=’transparent’ position=’center’ color=” thickness=” up=’6′ down=’6′]