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Barrick Gold (ABX) has been chronically mismanaged and has suffered through dismal capital allocation.  This has pressured the balance sheet and subjected the company to significant risks as the price of gold has declined from its record highs.  New management has taken over and has begun making some painful but necessary decisions, which should help...
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Here is Tim Travis’ research report on Citigroup (C) on October 16th.       http://seekingalpha.com/article/1747352-citigroup-should-not-be-trading-at-a-discount-to-tangible-book
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It seems like Meredith Whitney might be trying to relive her glory days of predicting a dividend cut by Citigroup, as now she is saying that no CEO can fix Citigroup. I honestly have no clue what she is talking about.  Citicorp is posting 15% returns on tangible equity and Citi Holdings is only 9%...
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Below is TTCM’s most recent article on http://seekingalpha.com/article/698081-devon-energy-a-perfect-contrarian-e-p-play?source=email_rt_article_readmore&ifp=0covering Devon Energy (DVN).  This is a new position that we’ve only recently began buying for clients that it makes sense for.  I hope that you enjoy and as always if you need anything at all please don’t hesitate to contact us! INVESTING IN THE FINANCIAL MARKETS INVOLVES...
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As usual Bruce Berkowitz and Fairholme Funds do an excellent job outlining the investment thesis for AIG which is probably our number one idea right now at TTCM.  Very few fund managers are as comfortable going against the grain as Berkowitz is, and I really admire that quality in addition to his phenomenal analysis. http://www.fairholmefunds.com/pdf/CaseStudyII.pdf...
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