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December 2009

Recs

7

Reflections on utility stocks

December 26, 2009 – Comments (2) | RELATED TICKERS: NST.DL2 , WR , EXC

As I mentioned in an earlier post, I'm not really seeing a lot of bargains out there. I think the market has got a bit ahead of itself in general and wouldn't be surprised to see a correction. I think blue chip stocks in general are still undervalued, although there are only a few screaming bargains.  [more]

Recs

6

The XTO buyout and Chesapeake Energy

December 14, 2009 – Comments (1) | RELATED TICKERS: CHK

By now, people are sure to have heard that Exxon Mobil is buying XTO energy to expand its US natural gas portfolio. Exxon gains XTO's assets and its expertise in shale plays. Exxon will also be able to use its considerable financial resources to finance new plays when natural gas recovers. Exxon was clearly thinking for the long haul here.  [more]

Recs

4

More money than ideas at this point

December 09, 2009 – Comments (3)

At the height of the credit crisis, value investors probably had more ideas than money. Even if you thought that the big US banks were too hairy, you could have picked up blue chips in technology or consumer staples. You could have bought Berkshire Hathaway. You could have bought business services like Paychex or ADP. You could have bought convertibles or distressed debt (or a mutual fund which specialized in that sort of thing, like Third Ave Value or one of the Mutual Series funds).   [more]

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