Although NYSE lost the Facebook listing, the way Nasdaq bumbled it is surely to help the NYSE long term. According to Barron’s article April 21st, ”Even as it invests in its technology and post-trade-services businesses, the firm has streamlined expenses, eliminating $670 million in costs since 2008. As a result, free cash flow last year was [...]
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Dow took its losing streak to six days, and has now fallen in 12 of the past 13 days. The WSJ points out that the last time the Dow suffered as many losses over a 13-day stretch was in October 1974, at the nadir of that decade’s bear market. What should also concern investors and [...]
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April 13th we wrote that PharMerica was right to turn down Omincare’s $15 per share offer. Since that time PMC has continued to underperform the market declining twice as much as the market as a whole. Is this just further proof that relative out-performance on the upside or downside is something to pay attention to [...]
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Protected: CLIENTS ONLY email for password. Do you believe a good company will come back from a 20% price decline?
Posted on 20. May, 2012 by Harvey Sax.
There is no excerpt because this is a protected post.
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Fortunately, we don’t own any more Magic Jack stock and actually made money on it. I’m sorry I just can’t handle the bizarre way management treats their shareholders. I never buy reverse merger stocks but the story and product on this was so compelling. I’m not going to make any allegations here because bloggers [...]
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Top Hedge-Fund Managers at Ira Sohn Investment Conference – Barrons.com
Posted on 19. May, 2012 by Harvey Sax.
Where Top Investors Are Putting Their Money Now By ANDREW BARY | MORE ARTICLES BY AUTHOR Top hedge-fund managers brought their best ideas to last week’s Ira Sohn Investment Conference. Why they like J.C. Penney and Kohl’s. Mixed tastes on Apple. The Einhorn effect was on full display at the annual Sohn Investment Conference last Wednesday in [...]
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SLUMPING OIL AND NATURAL-GAS PRICES this year have taken a bite out of nearly all energy shares, and exploration and production company Hess (HES) is no exception. Yet a good portion of the stock’s recent 32% drop, to $44.60 from its 2012 high around $67, is self-inflicted. On April 25, Hess reported first-quarter net of [...]
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HEARD ON THE STREET: Peering Through J.P. Morgan’s Hedges – WSJ.com
Posted on 18. May, 2012 by Harvey Sax.
This is scary, especially, considering most of the world’s assets are sitting here. HEARD ON THE STREET: Peering Through J.P. Morgan’s Hedges – WSJ.com. Recommend on Facebook Share on Linkedin share via Reddit Share with Stumblers Tweet about it Print for later Tell a friend
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The world is coming to an end but we can share it on Facebook?
Posted on 17. May, 2012 by Harvey Sax.
Reasons why Facebook marks some kind of weird market top. 1.Round the clock coverage on CNBC and Bloomberg about the Facebook IPO and how much money everyone is making. 2.The largest tech (maybe any IPO) in history. 3. People you know that you didn’t know ever bought a stock, asking if you could get them [...]
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MCD, McDonalds Scores a 2 on our checklist, but looks undervalued
Posted on 17. May, 2012 by Stephen Perry.
A recent pullback in the price of MCD presents a good opportunity to buy this dividend paying stock; paying about 3.08%. CHART- know how to read charts. We firmly believe I can improve the price of buying or selling from an understanding of chart action. +1; MCD is below both 50 day and 200 day moving [...]
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I find few stocks in our portfolio that look like they are headed higher in the immediate future. Even though oil has had a sharp and steep decline, prices still look like they have room to drop. The test will come soon though as many oil services and some oil stocks like Hess are [...]
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Value at risk: time for more rigourThat whooshing noise in the background is the sound of received wisdom crashing to the ground. One of the consequences of last week’s admission by JPMorgan that it had lost $2bn on credit derivatives trading is that it may spell the end of the notion of “value at risk”. [...]
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Buy Fossil: Sell-Off Is Overdone, Long-Term Opportunity Remains Intact – Seeking Alpha
Posted on 12. May, 2012 by Harvey Sax.
Buy Fossil: Sell-Off Is Overdone, Long-Term Opportunity Remains Intact May 11, 2012 | 4 comments | Stock markets are often prone to irrationality. History has shown us that stock prices can often diverge from fundamentals in both directions. We believe that Fossil’s (FOSL) stock price has diverged from its fundamentals, setting up a long-term buying [...]
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