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.
Berkowitz has proven himself an impressive and intelligent investor overall, but I think where things ran into significant trouble was after the financial crisis. Fairholme has always run a concentrated portfolio, but it got - I think - concentrated…
Think about it ... Petroleum is used to manufacture fertilizer, to power farm equipment, in the grain drying process and to ship produce by rail or truck. Lower costs for energy translate into lower AG prices. .
I own Agrium (AGU). "Agrium’s sin…
Ah ... So what Ted did is similar to investing in T. Rowe Price or Franklin Templeton rather than in one of their funds. Thanks Scott.
Exactly, BX (and OAK/KKR, etc) are effectively asset management companies.The only issue becomes the fact that all…
@Ted. Friday you contemplated lightening up on equities. What have you sold if anything?
BX, as I understand it, is Blackstone's hedge fund. One of my holdings at Price, RPGAX, holds a small amount of Blackstone.
BX is the company. RPGAX holds a …
"They say just enough to capture the illusion of righteousness, while hoping to be marginally useful, while creating a legacy and lifelong pension. Of course the current state of the nation has been just a mere inconvenience."
Well said, and unfort…
I think what concerns me is the idea that a mutual fund owns more than half of a country's foreign debt. There have been a number of examples in recent years or funds holding much of an emerging market country or company's debt. Seems like a recipe…
16% of global government bonds now have a neg yield...
http://www.zerohedge.com/news/2015-01-31/16-global-government-bonds-now-have-negative-yield-here-whos-buying-it
In terms of specifically fixed income and not stock-related, I like the CHS preferred shares (there are five different pfd shares, but no common stock.) The CHS pfds held up beautifully in 2008.
Have been looking at CSX and Norfolk Southern. They seem to be about the same size.....tracks.....money. So, now ... which one? Need some help with that. It's like flip a coin. Also I found good info at Fidelity. I have a brokerage account the…
I own Hutchison Whampoa (HUWHY), which is one of the world's largest port companies and has port operations around the world (http://www.hutchison-whampoa.com/en/businesses/port.php), but that's only one part of the larger conglomerate (which will b…
@scott
Yup. We've hashed this marketing stuff before, eh?
I wonder at times if these "Fed" moments are a pissing contest among members, ego or something else. But, these statements are not generally productive, IMO.
Rants are okay, scott. A form o…
Think this (linked) Friday morning interview with St. Louis Fed Pesident James Bullard on Bloomberg TV may have played a part in the day's markets.
I caught snippets of it over early coffee. Thought it odd at the time that he seemed to imply ther…
The administration begs to differ. Using their math, everything is awesome.
http://www.marketwatch.com/story/white-house-says-q4-gdp-was-pretty-steady-at-39-rate-2015-01-30?link=MW_home_latest_news
Can't pull up the article, but isn't Affiliated Managers (AMG) the same concept, on a very large scale? They own or own stakes in Yacktman, AQR, ValueLine, Third Avenue and tons of others. I've thought about investing in that, but wish it paid a div.
Opened at $47.21, traded over $50 briefly. When even Cramer says, "Over $30 is too expensive", I'm going to be fascinated to watch how this plays out over the next week.
Stealth bull market in junk corporates? I hope! 10% there but adding, albeit still mostly all in junk munis with less than 3% in RIMIX. Everything as always on a tight leash. In Max Gunther's The Luck Factor one of his five key precepts is " The…
Stealth bull market in junk corporates? I hope! 10% there but adding, albeit still mostly all in junk munis with less than 3% in RIMIX. Everything as always on a tight leash. In Max Gunther's The Luck Factor one of his five key precepts is " The…
SHAK Last indicated (not opened yet, but a possible range at open) 31-33!!! Yeesh, that's nuts. Anyone who was lucky enough to get shares allocated should GTFO when it opens.
Edited: now 34-36
Edited again - 39-41!!! People lost their damn minds.
…
"The other possible scenario is that another country will see that America is weak and use the timing to invade and establish a new rule. That would only be if there was a power vacuum present. "
That would be a possibility, or if something happens…
With all due respect Scott, I thought he laid that out pretty well. At first blush I thought it was meant seriously as a put-down of Junkster's expressed incredulity. Than ... oh boy.
Yeh - I've heard the general idea before too and tend to agree.…
But I said that the grocery store would take it! :-)
LOL, I've heard the "But you can't use it at the grocery store!" argument so much I read it as that when skimming the post.
Wet dog food with Tabasco sauce will keep us going for awhile.
My ca…
I'll skip the Shake Shake IPO and wait for the Diabetes Diner IPO instead. :)
Dave
LOL.
Speaking of that, look at NVO.
http://finance.yahoo.com/echarts?s=NVO+Interactive#{"range":"max","scale":"linear"}
I've often said with CMG, MCD and others, …
I just don't understand why you don't understand. When the whole thing falls apart, as will surely happen pretty soon now, you can take your gold and silver to the supermarket and trade it for stuff because they won't accept money anymore. When you …
Leave it to the markets and the media to hype up another eating establishment as the next hot thing. Shake Shack must be a east coast thing like In and Out is on the West coast?
What is it with these resto stocks? Buffalo Wild Wings, chipotle, etc.…
You know, it's rather fascinating to see some of the Asian conglomerates. You have a parent company of computer co Lenovo who is a blueberry farmer. Swire is another interesting one, which owns everything from a Coca-cola distribution co to an airli…
Exited SCHN, another freefall...got burned on that one.
Go Yanks!
Sorry to hear about SCHN. I don't really have a view on the industry or anything, but it's selling for about half of book value, which - in terms of that metric, is lower than 200…
May add to Agrium (AGU). Looking at Alexander and Baldwin (ALEX), not as something that's done exceedingly well, but from an underlying value (4th largest landowner in Hawaii) long-term standpoint. Will revisit Qualcomm (QCOM) if it falls under $60,…
@Scott - so tell me how a company reports blowout results yet ends up down 3.5% and is moved over to the blue light aisle. And like you, guess I should have been there but the beach was calling my name. I'll be looking for more punishment at tomorro…
Personally, I'd be interested around 5%+ lower than here. If it drops 1-2% I'm not interested. I suppose my "optimal" scenario is good numbers but low-ball on guidance and the stock drops.
More specifically, I'd like to see $105-106 or lower. Given…
@Scott - I would love to buy more Apple if it gets creamed. Despite the current state of the markets at 12:45 EST I'm up on the day.
I'll be looking at Apple when earnings are announced, as well. I'm certainly not up on the day, but not doing that b…
Meh. I think there's further downside. Earnings have not been very good in a number of instances and MSFT down 9.25% still doesn't look that appealing in terms of valuation. Am I looking to buy? Yes, but I think I'll get a better pitch than today. I…
The city that never sleeps just put its transit to bed:
"The MTA is committed to the safety of its customers and its employees, and due to the forecast, will be suspending service on all bus, commuter rail and subway service at 11:00 p.m. this even…
