October 30, 2013
  Without a doubt the most frustrating and disappointing company that I’ve invested in over the last several years has been Teva Pharmaceuticals (TEVA) based out of Israel.  The company has had a litany of manufacturing disruptions and “one-time” charges that have led to unsatisfactory profitability.  The company has posted extremely low returns on invested...
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In my career I’ve had a number of amazing influences and teachers whom I’ve never met.  One that is extremely under-rated is who I believe to be the finest professor of investing  that is around.  Martin Whitman has been the patriarch of Third Avenue Management for a long time, although he got into the money...
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Sears Holdings (SHLD) is undoubtedly one of the most hated stocks on Wall Street.  A major reason for the animosity is Wall Street’s focus on the primacy of the income statement and Sears is not a profitable retail operation.  Analysts’ that also cover profitable retailers such as Wal-Mart (WMT) or Target (TGT) are befuddled by...
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While the media attention has certainly been significant, the renaissance in the U.S. energy business in for real and will continue to have huge implications.  The development of “fracking” techniques to extract gas and oil from shale at a reasonable cost, has opened huge resources for development.  The United States is one of few countries...
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