Jamie Dimon the CEO of JP Morgan Chase came out with his shareholder letter today.  I always enjoy reading it as Dimon is honest, insightful, and outspoken.  He touches on a variety of subjects but I found most interesting his belief in buying his stock, and his rationale for doing so which I completely agree...Read More

Yahoo CEO Scott Thompson is making the tough decisions that must be made if efforts to turnaround Yahoo are going to be successful.  Yahoo is a company with excellent assets but no growth in their core businesses of display advertising and search.  I’m anxious to learn more about Thompson’s plan to more effectively grow revenues....Read More

It looks like things are beginning to heat up for Avon Products (AVP) after the bit yesterday.  I’d have a lot more confidence of something getting done if they would have replace the CEO Andrea Jung already.  It really doesn’t make sense to keep her on while this prolonged search is still going on.  I...Read More

AIG CEO Robert Benmosche continues to show his leadership stripes by looking to get more aggressive into the mortgage market.  In this FT article Benmosche suggests that the company is looking to buy the mortgages that their subsidiary United Guaranty Corp is insuring.  United Guaranty has modified risk based pricing and is reviewing each loan...Read More

It looks like Bank of America has the right man for the job in CEO Brian Moynihan.  The company has done a phenomenal job boosting capital through divesting non-core assets.  The banks has very strong reserves which should insulate it from future credit losses.  Due to all of the turmoil from lawsuit regarding reps and...Read More

I’ve said it before and I’ll say it again that I really have a tremendous amount of confidence in Robert Benmosche.  He strikes me as honest, hard working, and he has a strong track record which is what matters.  In this transcript he outlines exactly where the opportunity is for AIG.  He flat out says...Read More

This is exactly why we sold whatever Sprint (S) stock that we owned at T&T Capital Management.  Management has been disastrous for years.  They have some of the worst capital allocation that I have ever seen so even though the stock is cheap, unless something drastically changes I wouldn’t invest in them. http://online.wsj.com/article/SB10001424052702303816504577306053212343154.html?mod=business_newsreel INVESTING IN...Read More

After reviewing the Jefferies earnings call I’m very optimistic as to how this quarter should shake out for the other financials.  CEO Richard Handler has done an amazing job with Jefferies, in the most difficult of environment.  I really appreciate the way that he has opportunistically bought back stock and debt at favorable prices, and...Read More

Today we had some big news with the Federal Reserve announcing the results of the dramatic stress tests.  As a whole the US banking industry did quite well, which is to be expected considering they have double the capital that they had three years ago. I was somewhat surprised to see Citigroup, which has one...Read More

Today I was able to read over the most recent shareholder’s letter from Prem Watsa, CEO of Fairfax Financial.  This is a company that is often under the radar for many U.S. investors, but Watsa is known as “The Warren Buffett of Canada.”  Watsa operates a similar business where he invests using insurance float and...Read More