Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
There are a few CEF's on the London AIM exchange, but it looks like they haven't been run well (large discount due to poor earnings and risky assets). Forex is also a headwind. Operations are proving too costly and there are some legal issues. I …
Bailout extended for four months. You can't make this stuff up.
Greece: "Hey, four months?"
Germany: "Yeah, we'll have this discussion again in four months."
Amex can't catch a break lately.
I'm more curious who wins Costco.
Some really interesting graphs/charts re the payment industry and future projections:
http://www.nilsonreport.com/publication_chart_and_graphs_archive.php?1=1&year=2014
http:…
Next thing you know we will be forced to buy only the foods that are on the Michelle's school lunch list.
You WILL eat that moldy bun and you WILL LIKE IT!
A sneak preview....? (ominous drumroll)
http://www.businessinsider.com/thanks-michelle-oba…
As mentioned in another thread, Gundlach is right more than he is wrong. I would take his word over a WSJ article that waffles on the question.
Output is increasing so that is good. The Saudi's hate it though. Too bad.
Oh I absolutely agree re: G…
Gundlach says it's going down some more.
It might very well be, but it becomes what is your time horizon. I think what concerns me is not that it goes down much further as much as it stays "low" for a longer period and then dividends start to come…
None of us know when Mr. Buffett eliminated his Exxon stake or whether he holds any options on a position. It's quite possible that he saw a oil supply issue that wasn't going to much for his bottom line and so he just decided to step out of the way…
I had been thinking about adding some Exxon to our stuff, but now I'm wondering what Warren knows that I don't. Could he have some "hunch" that oil isn't going to rebound any time soon?
If you're going to play oil with a view towards the mid-to-long…
People don't have confidence. Was part of the discussion regarding mortgages with Starwood CEO Barry Sternlicht this morning on CNBC. I think it extends to a lot of things, including equities. Due to a continued lack of confidence, people are makin…
This week I have noticed a tug of war going on with AAPL. The news that some traders and hedge funds have sold their stakes has me scratching my head. I can see cutting back some but then again I don't manage a fund either. Will these experts regret…
Greece has suggested that they might go back to the drachma. I'm not sure that will change anything. Spending money hand over fist is what has to change.
Yeah, but that's no fun and isn't popular with politicians who love spending and the economist…
The one thing I didn't see about LoopPay is what the security feature would be. Pay uses Touch ID.
Samsung will have this in their upcoming Galaxy 6 phone due out pretty soon. They have had enough time to copy all the details of the iPhone 6. If…
Maybe I'll have to take a flyer on Dolphin (DOLHF.pk) again, which holds a lot of very pretty real estate in Greece and is about 40 cents.
http://www.dolphinci.com/#home
What it effectively is is sort of like NFC that works with current POS terminals, in terms of the action required. Loop creates a mag signal that delivers to the mag strip reader. Like when you use NFC on a POS terminal and tap it on the terminal, w…
Question: Perhaps I'm wrong, but I was under the impression that Buffet no longer personally made the decisions for the stock holdings of Berkshire. He still works directly on Berkshire's acquisitions of whole companies as well as other special si…
Not sure on Forex, but I know in terms of trading stocks in other global markets, if I were to sell something, it would be in whatever currency it the stock was priced in. In other words: if I were to buy something in London in GBP, I'd have to trad…
If that is not a red flag, I don't know what is. Herd mentality at its worst.
"amounting to 49% of the $20.4 billion that all ETFs had gathered as of Friday, the firm said."
Wow. Yeah, I'll agree with BobC on this. When the tide turns...yikes.
I wonder how many funds have had to pare back a little as AAPL reached their limits as per the prospectuses. Some funds have a percentage limit on any one stock.
I own a little of it. I've thought about selling recently, but it's a small position a…
Still long COP and added to it in the low $60's. It becomes a question of which energy major do I want to hold for the mid-to-long term, and that's Conoco (although I own smaller stakes in other energy-related names and MLPs.)
Berkshire did add to …
Hi MikeW,
I would classify WGRNX as a definite sell. David Winters has always given interesting interviews, but despite the hype at the fund's inception ("2 without the 20" hedge fund comparison),
Kevin
He says that ("2 without the 20") and I go, …
I agree with some of what David Winters has said regarding emerging market consumers and still own a significant holding in former Wintergreen top holding Jardine Matheson. That said, the fund has not done terribly well in recent years, partly due t…
I've often bought SLR cameras used from the standpoint of they've always been excellent and some of the cameras made 5+ years ago are built better.
"I don't think today that I could replace this jacket at any price. We live in a throw away society,…
@Old_Joe, If my guess is correct, that means Costco is keeping your credit card number on record. Just something to consider what with all the security stuff going on.
No longer a Costco member (wish I still was a shareholder, oh well - as well …
"How about salt or caffeine?"
They should do experiments on me in terms of ability to tolerate the latter. As for salt, I can't believe how much is in some packaged foods these days.
" Part of the equation that has been overlooked here is the acti…
@Old Joe. The highly addictive nature and toxicity of sugar was discussed on 60 Minutes in this segment. : cbsnews.com/news/is-sugar-toxic-01-04-2012/
The addictive nature is discussed starting on minute 9:56. But 60 Minutes and the universities doi…
@Tampa: I merely stated the facts, Tampa, not asserted any morality to them. Addictive products tend to be immensely profitable ones. And it's no accident by the way that Philip Morris, now Altria also once owned a snack food business.
(which was K…
Meh. Every central bank and government trying desperately to keep the economic seasons from changing. The longer you try to throw money at Winter to keep it from happening, the worse it'll be.
"Valid Solucoes eServicos de Seguranca em Meios de Pagamento e Identificacao"
I looked at that and really liked the look of it but there didn't (maybe there is now, I haven't looked) seem to be any way to invest in it in the US (ADR shares, etc.)
Interesting.
Thanks Scott.
Does seem paradoxical at several levels.
I know Peter Lynch advised similarly to seek boring companies that nobody liked, sanitation, mortuaries, etc...and companies with little or no analyst coverage...off Wall Street'…
Unfortunately, there's really not much on the company (no SeekingAlpha articles or anything of the sort. It's largely limited to presentations on the company website or brief articles on Bloomberg and elsewhere. Additionally, it was a Wintergreen (…
I went to Publix today to trade Gold (currency) for Chips and Beer, you know what they said?..... Think I'll try the gas station or Wells Fargo for cash...you think? ....
You can buy and sell gold at the bank in Canada. http://www.scotiamocatta.com/…
Thanks so much for the detailed comments Scott and Pudd. I really appreciate it. Can I ask your primary reasons for deciding to make Cielo a long term position? It sounds intriguing. Can you steer me towards any research on the stock? Finally…
I own Cielo (CIOXY), which is the largest payment processor (it was Visa Brazil, now it is a processor across multiple cards) in Brazil/Latin America.
In the last 6 months, the stock in Brazil is flat, the US ADR shares are -20% due to currency flu…
That's a heck of a lot of trading for a real estate fund. Some sort of "dividend capture" strategy? Although I mean, even Alpine Global Property (AWP), which I'm pretty sure does use a dividend capture strategy, has a 58% turnover.
