Day

June 20, 2012
This video shows that Bill Ackman still supports the strategic direction of J.C. Penney (JCP).  It certainly was alarming to see Michael Francis let go after such a short tenure, but the core investment thesis remains the same.  In my opinion the best opportunities surrounding the stock are in cost cuts where there is a...
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This article is bad news for coal companies hoping that India and China would be the key to raising prices.  While I do believe that coal will remain a key cog in a comprehensive energy plan, I do think that cheaper natural gas, and improving renewable alternatives are decreasing long term demand for coal.  The...
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Walgreen’s (WAG) made big news after spending $6.7 billion to buy 45% of Alliance Boots.  This acquisition doesn’t make sense to me unless Walgreen’s eventually ends up buying the whole company.  I understand that this acquisition should help the combined companies lower procurement costs, but it also increases the risks by doubling down on retail...
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Procter & Gamble’s (PG) struggles continue as the the company lowered its earnings guidance for the current quarter as well as for the 2013 fiscal year.  The problems aren’t just from a lackluster global economy but instead are also market share related.  The company announced that they are going to cut spending in emerging markets...
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Berkshire Hathaway hit a 13 month high today as the recent rebound in equities has boosted confidence in the stock.  Berkshire (BRK/B) is one of the core positions at T&T Capital Management as we believe that the company is misunderstood and undervalued.  The market isn’t adequately pricing in the fact that the majority of Berkshire’s...
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The housing market continues to show slow but solid improvement with single family starts rising by 3.2% from April on a seasonally adjusted basis.  While I don’t believe that housing starts or building permits are the best indicators for housing recovering as those numbers are more indicative of new construction.  The key to lifting housing...
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