We are about midway through earnings season and most of the big banks have now reported.  The delay of an interest rate increase had a role in the recent selloff as did just the general terrible market sentiment due to the severe correction that took place.  What many market participants fail to understand is that...Read More

Read our latest research report by our Chief Investment Officer Tim Travis on American International Group, Inc. (AIG). AIG – Recent Selloff is Great  Read More

Below you’ll find a link to my most recent and comprehensive research report on Assured Guaranty (AGO).  As most of you are aware, we’ve taken advantage of the recent dip to substantially increase our position size for those that have free cash.  In addition, we also have sold puts throughout the year and the last...Read More

Hello Everybody, It has now been over a year since oil began its precipitous decline, from prices well over $100 per barrel to its current range in the low to mid-$50s. Pessimism is still incredibly high and just about every investment in anything energy-related has been massacred.  It is not just energy prices that have...Read More

Hello Everybody, Earnings season has started off very strongly for the big U.S. banks, which we’ve owned for over 5 years now.  Credit conditions started improving about 3 or 4 years ago and is now absolutely pristine.  Unfortunately, litigations and most importantly penalties imposed by government agencies have cost these companies and shareholders tens of...Read More

Read our latest research report from Chief Investment Officer Tim Travis on JP Morgan Chase & Co. (JPM) JPMorgan Chase – Premier Competitive Position But Just Adequate ValueRead More

Read our latest research report from Chief Investment Officer Tim Travis on Assured Guaranty (AGO). Puerto Rican Sell-Off Brings Forward Tremendous Opportunity for Assured Guaranty  Read More

Value investing is a somewhat broad term, but the concept is basically the idea of buying securities at a discount to “intrinsic value.”  By doing so and by being willing to take a longer-term approach, the value investor is able to invest with a large margin of safety and also achieve better investment returns.  It...Read More

Hello Everybody, Yesterday I was reading an interesting in interview with Bill Ngyren who is a famous value investor that runs Oakmark.  Ngyren’s funds are also invested in AIG as well as a few other financials similarly to how we’ve been invested for years now.  His rationale is not much different than mine, but I...Read More

Read our latest research report from Chief Investment Officer Tim Travis on Citigroup Inc. (C) Citigroup – As The Fog Lifts, The Stock Will Go HigherRead More