Seadrill is a company that kept showing up on my screens, and I thought "huh, sounds like a competitor to Diamond Offshore and Transocean, why have I never heard of them." I kept making a mental note to follow up, never did. [more]
In case anyone was wondering: I see nothing more attractively valued than cash right now. I've looked at fifty stocks, every kind of fixed-income investment I could think of, even bullion - I'm not impressed.
My cash pile may represent asset allocation that is questionable, but it is ready to be deployed at a moment's notice. When that happens, I'll alert you here.
Warren Buffett has been much in the news for neither approving nor voting against Coca-Cola Corporation's new executive compensation plan. Much was said about his decision to neither approve nor disapprove of the plan. The plan in question involves a few paltry millions of dollars compared against Coke's multibillion dollar annual revenue. No one gives a darn except the news media, who love to show poor people the amusing spectacle of insanely rich people having a sham disagreement; and the Coke executives, who may have to buy new houses in the Hamptons instead of a new chateau in Tuscany this year. [more]