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RIG
Transocean RIG has had a terrible couple of years ever since the Macondo oil spill.  Fears about liability exposure, and substantial operating difficulties due to regulatory changes resulting from the spill, have forced RIG to remove many of their most profitable offshore rigs while they are under repair. Our investment thesis has been that the...
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On December 19th I sent out an email discussing the unbelievably cheap valuations that we were seeing, which you can see from the forwarded email below.  This is just a quick update on how they are faring.  The point is not to get overly excited, just as we don’t want to get overly pessimistic when...
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With 2011 coming to a close I think it is very important to lay out our views going into 2012, and how that will affect our investment strategies.  2011 was a very difficult year that saw some of the most successful investors Warren Buffett, Bill Gross, Bruce Berkowitz, John Paulson, Martin Whitman, among many others...
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Today we had our Monday Morning Investment Meeting, and as a firm we are amazed at the valuations that we are finding.  Below you’ll find a sampling of some of our largest positions moving into 2012.  Never before has it been so easy to find profitable companies, where earnings are likely to grow, at a...
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    7242 East Cortez Rd
    Scottsdale, AZ 85260
    Phone: 805-886-8140
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