While most people seem to be a lover of both Apple’s (AAPL) stock and products, the list of once dominant consumer electronics companies that have come down to earth, is long and distinguished.  One of the great things about the Steve Jobs regime is that they avoided costly misfires that can occur on any product,...Read More

Two stocks that we at T&T Capital Management (TTCM) think are likely to be big winners over the next 3-5 years are Citgiroup (C) and Morgan Stanley (MS).  This article talks about the possibility that Morgan Stanley will accelerate the purchase of the remaining portion of Smith Barney that Citigroup owns.  This deal which was...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

This article outlines the dual benefit that cheap natural gas prices are having on the Steel Industry, particularly the domestic companies such as US Steel (X).  Some of these companies are switching from coal to natural gas to burn their furnaces which is saving a substantial amount of money.  Also demand for steel is increasing...Read More

Today Lennar reported revenue numbers that were quite strong.  This report seems to be quite different than what KB Homes reported last week, which is exactly what KB’s management discussed last week by saying that most of their problems were internal, or were the result of their mortgage affiliates struggles to get deals done.  Lennar...Read More

This short article in the WSJ talks about the Forex trading company FXCM.  The company believes that about 70% of clients lose money, and to be honest I’m surprised the number is not higher.  While regulators seem to be standing with pitchforks outside of banks I’m amazed at the lack of investor protection in relation...Read More

KB Home (KBH) reported disappointing earnings last week.  The company attributed much of the blame to buyers struggling to get mortgages.  While I do think KBH is actually one of the more reasonably priced home builder’s,  I don’t think that this industry is the best way to play the rebound in housing.  The reason for...Read More

This article shows more anecdotal evidence of the improvement in the housing market.  With rates so low and affordability considerably better, the primary things holding back purchases are consumer confidence, and available financing.  Assuming sentiment continues to improve I see no reason why we haven’t seen the bottom in the housing market. http://online.wsj.com/article/SB10001424052702304636404577295333746038516.html?mod=WSJ_hp_LEFTTopStories INVESTING IN...Read More

John Paulson has finally had his desired impact as the Hartford Financial Group (HIG) announced that they will be winding down their annuity business, to focus on P&C Insurance, employee benefits, and their mutual fund business.  The annuity business created too much stress on the Hartford as declines in the market caused extreme volatility that...Read More

This was a fun little article on Ben Bernanke.  I think you can criticize him and Alan Greenspan for their attitude as the bubble built and lending standards declined, but I can’t criticize his reaction once he realized the gravity of the problems the economy was facing.  In my opinion he has been fighting as...Read More