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RIT Capital is a London-traded investment trust (like a CEF in the US). The London shares are RCP.L. There is a pink sheet version (foreign ordinary shares) with the symbol RITPF.PK, but they are very illiquid.
Unfortunately, no funds aside from R…
I don't believe that the hedge fund was involved in getting the story to "60 Minutes", they are backing the people making the case against the company, who happened to get on "60 Minutes". But who knows.
Anyways, largest fund holders:
Shares Held/…
Still in BIP, which has become a more compelling pure play on infrastructure with some recent purchases, including a stake in Vale's infrastructure (rail and port) business in Brazil. Still, unfortunately results in a K-1.
The plot thickens. Apparently this story was the product of a group of investors who are shorting the stock. They sent the story to 60 Minutes. The smell of fish is growing and to use a word from another poster here, greasy.
http://www.cnbc.com/id…
Must be something else deeper going on between the two men. Why else ask the question?
Winters (foolishly, in my opinion - literal David vs Goliath and in this instance, there was no way David was going to get Goliath to budge, given David's AUM/s…
Wow, what an example of a previously hot stock getting.....hmmm...what's the word....liquidated? That is just an ugly chart and the 60 minutes piece I guess was worse than expected.
Let's assume that the S&P500 is overvalued. What's to say it couldn't become a lot more overvalued. You can lose a lot of cash by shorting. Shorting is a high risk and speculative activity. You can make more in the long run (decades) by taki…
Amgen (AMGN) pays a pretty decent dividend, Gilead (GILD) just announced that they will start paying a div. I do think you're going to see - little-by-little - a few more of the largest biotechs start paying a div. Many of the smallest biotechs are …
Scott said:
hat said, look at Danaher (DHR), which is an interesting industrial conglomerate that is sort of a hybrid of an industrial conglomerate and private equity company. Danaher is up over 18,000% since inception and I don't think I've ever he…
catch22: looking at that chart makes me want to bail in the worst way. man, when the correction comes, it could be huge.
Biotech corrected when Yellen said it was overvalued, then it ramped again and has continued.
LOL @ that spending chart.
http://www.bloomberg.com/news/articles/2012-06-13/health-care-spending-to-reach-20-of-u-s-economy-by-2021
Health-Care Spending to Reach 20% of U.S. Economy by 2021
Well since we last spoke I sold my position in COP (will wait for a better tape), swapped PEO for FENY (still believe in the premise), added to CHSCL, bought BHP Billiton ADR as a commodity play/addition and swapped OAK for BX which has better numbe…
Increased position in GASFX. Does anyone have any suggestions for taking advantage of the current energy distress? Something long term, with reliable dividends?
The Canadian oil companies have been wrecked from the standpoint of as bad as things are…
We’re coming up on the sixth anniversary of this bull market, and it’s interesting to see how wrong people have been.
It's also interesting to see that six years and however many QEs and years of ZIRP later, we just revised GDP down to 2.2%.
I like GE too, fundamentally.
Would like to get back in, just not sure it will ever break-out.
The stock seems to harbor considerable reluctance, resentment, and skepticism...likely brought on by sins of its past...despite recent attempts to restr…
@BenWP
Salute, Voltaire: "Show me a great fortune, and I'll show you a great crime."
And, so it is with the healthcare industry--- their profits are coming out of our pockets, both directly (see above) and indirectly (so many tax credit cookies you…
Diversification limited to just stocks and bonds might have worked well during a period of decreasing interest rates. We are now at low interest rates and may be in for a period of rising interest rates, at least in the foreseeable future. Was it th…
I have a lot of positions and I have nothing against that. I think my one issue with LPEFX is that with private equity I'd rather choose from among the largest, high-quality names than get the whole sector. The only thing with the route that I take …
In terms of pharma, the newer CEF from the managers of HQH and HQL, THQ, is trading at a nearly 9% discount to NAV, plus offers monthly divs. HQH and HQL with the longer track records are currently trading at a premium.
Long HQL, THQ.
I don't own either of these and own little in the way of bonds, but you're dealing with a manager who is probably one of the most respected people left at Pimco. The fund has not had a good YTD, but 1, 3, 5 year are very good.
You can sell if you …
I'd kill for 2700 calories a day. Closer to 2100 most days. Holding just a few pounds above my high school weight. Yep, when you knock out the sugar loaded treats and a glass or two of wine with dinner, it's scary how little is left over for the n…
My thought is don't invest in managed futures if you are not willing to deal with periods where the strategy underperforms and/or may do poorly. See my discussion of the Pimco MF fund, as well.
I'll have to look at this particular fund in more det…
It's a bull market, but I think in a lot of ways it's a TINA market, which is concerning to me.
Things do feel a bit complacent lately and valuations seem rich. That said, things keep marching higher. I guess for me it really comes down to what do …
@Ted - why or what gives you confidence that the latest distribution will remain stable for the next 3 quarters (or next 3 dividend payments)? I'd like to believe it but past ditributions have been erratic at best.
Can guarantee you they will not. P…
Personally, I buy things with a view of holding for years (the railroads being a primary example), although that can certainly change at any time. I have occasionally sold after an aggressive move time higher in a brief period of time in the last co…
"But then there's Wells Fargo - WellsTrade + PMA checking account (for free trades). No inactivity fee for that combo, but they declare the PMA account "dormant" if you don't use it for one year. That used to be okay - call them up and reactivate it…
AAPL is also a small holding for me. What I look at is the 40%+ gain I have and wonder if I should sweep the profits? If I hold pat then it's not a big deal but I was also raised on the saying " A bird in the hand"......
Now, some might say 40% on…
That's really the question and I dealt with it as well. Okay, I'm going to sell Apple. What's my other idea? I don't have one (given where the market is, I actually have probably the least amount of "actionable" ideas I've had in quite some time), e…
From the article: "The plan won’t affect the bank’s retail customers"
Not yet anyway. I have read that some banks are shortening the time period of inactive accounts. I think Chase is either 18 or 24 months now. The winds of change are blowing.
…
I put a lot of focus on what I consider to be wide moat companies, but I think this index - and I haven't looked at it in detail - consistently tries to look for companies that are undervalued. Personally, I pick my spots and stick with them. This i…
Also, after the 7 for 1 stock split last year, the pps is no longer $600+, which could keep retail investors coming back for more...
Retail reaction to the Visa split next month may be interesting, as well.
Just might hit $130 today.
Past that. I think the hints of a move into cars has sparked interest again from people interested in what may be Apple's next product, even if details haven't been really revealed and the ultimate product may be a few ye…
Softbank is creating robots. Google is also doing a lot of work in robotics. This video was huge recently - work of Boston Robotics (which...is owned by Google.)
I want one of these.
Unfortunately I was not able to read this article. Seekalpha has annoying popup and the article fades into a blur. And no I don't wish to register at the site. So I'll have to catch up another way.
I actually (although I think I'm in the minori…
