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Archives by Year:
US Daily Cash Deficit 5/15/2015
The US Daily Cash Deficit for Friday 5/15/2015 was $26.7B bringing the May 2015 Deficit to $86B halfway through the month. Click on picture to enlarge Revenue is down -$3B YOY, due to the one fewer business days, and either a timing event I don’t know about or a ~$5B one time event last […]
Why You Can’t Judge A Fund By Its Cover
This week we’re putting RidgeWorth Mid Cap Value Fund (SAMVX), which has $4.6 billion in assets under management, in the Danger Zone for a number of reasons: Poor stock picking Very high total annual costs with high front end load and transaction costs A misleading “Mid Cap Value” tagline A “value” designation despite investing in […]
4 Companies Drowning In Debt
Following the bursting of the housing bubble and subsequent financial crisis, debt has become somewhat of a 4-letter word to many Americans. And while there are many benefits to debt-free living for households, in the corporate world, debt is often desirable. The Benefits of Debt In order for a company to grow, it must finance […]
Three Paths Ahead
On this day of lifetime highs across the board, I was musing about what the market might look like over, say, the next twenty months or so (that is, up through the end of next year, which will also be following what is bound to be a really interesting Presidential election). The possibilities, of course, […]
Carl Icahn Would Like Tim Cook To Buyback Some More Of His AAPL Shares
Here is the only part that matters in the latest massive, 2000+ word letter Carl Icahn just “sent” to AAPL CEO Tim Cook, in which he advocates an AAPL stock price of $240/share or over $1.3 trillion, or 8% of US GDP: We are pleased that Apple has directionally followed our advice and repurchased $80 […]
DumpoMed
In a previous post we tout a good call, as we have done from time to time. There have been plenty of them. There have also been more bad trades than I’d care to mention, but will anyway. I avoided taking a good profit in BCLI and instead took a loss. I tried to bottom […]
E Endo Pays $8B For Par Pharmaceuticals To Expand Product Pipeline
Endo Pharmaceuticals (ENDP) has agreed to pay approximately $8 billion to buy Par Pharmaceuticals from private equity firm TPG Capital. With this deal Endo will expand upon its current generic product pipeline. The buyout occurred in both a cash and stock deal, which was approved by the boards of both companies. Endo will pay TPG […]
Daily Recap Of Select Stocks
Looking back at today, the one thing that would stand out is the breakout in the SPY along with a meaningful decline in VXX. Both of these signs say that the market will probably have a small low volume rally for the coming days. I do not expect a runaway move because the volume is […]
Clean Seed Capital: The IPhone Of Agriculture?
TM Editors’ Note: This article discusses a penny stock/microcap. Such stocks are easily manipulated; do your own careful due diligence. In 2009 Abbott Laboratories (ABT) bought out Advanced Medical Optics for $22. AMO was trading at $8.85 before the announcement. This deal represented an acquisition premium of over 200%. If you were presented with a […]
Economist On Gold – A Dissection
A Proven Contrary Indicator In early May, the Economist published an editorial on gold, ominously entitled “Buried”. We wanted to comment on it earlier already, but never seemed to get around to it. It is still worth doing so for a number of reasons. The Economist is a quintessential establishment publication. It occasionally gives lip […]
