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August 2010

Recs

11

Five Really Quick Pitches

August 31, 2010 – Comments (4) | RELATED TICKERS: DCS.DL , ABBC.DL , SONE.DL

While it's always to come home at the end of a vacation, not surprisingly when I return I am always swamped with work and family stuff.  As a result, some of my recent pitches have been a little shorter than normal.  Here's five more recent "quick pitches" for anyone who's interested.    [more]

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19

Relying on special opportunities rather than economic growth to produce gains + another quick pitch

August 30, 2010 – Comments (5) | RELATED TICKERS: GHC

Lately the direction of the overall market has been working against investors.  While this obviously is somewhat depressing to many, it is actually a good thing. The color red is always ugly in the world of investing, but when prices are falling better bargains can be found...which lead to higher yields in the long run. 

I have been very skeptical of the economic recovery for a while now. I don't think that we're necessarily headed for a double dip recession or worse like many of the bears out there foresee, but I think that we're in more if a "square root" shaped recovery, one with a huge dip, followed by a modest recovery, and then flat (though there may be a lot of volatility the net result will be flat stock prices for a while to come). The economic tailwinds that the rapid debt-fueled growth of the 90's and early 2000's provided are no longer there. 

I don't want to buy a plain old company that drifts at the whim of the economy, even if it is well-run company. I'm looking for trick and trinket stocks, ones that will perform well on their own merits in the long run and won't be significantly impacted by an economic recovery, or lack there of.  Just this afternoon I liquidated a real-life position in a well-run, stable company that pays a decent (though not amazing) dividend because it is heavily dependent upon an economic recovery to grow and I don't see any catalyst that could potentially cause its stock price to rise significantly in the future.  I'd rather sit partially in cash and be poised to pounce on any number of fascinating investments that I have been finding out there than be invested in something that just drifts on the seas of the economy.  [more]

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19

Be very afraid of this type of Chinese stock

August 30, 2010 – Comments (6) | RELATED TICKERS: CGA , FEEDQ , SPU

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23

Three new quick pitches: a Precise Long, a Healthy Long, & a Short Mountain

August 29, 2010 – Comments (2) | RELATED TICKERS: VPG , AHS , GMCR

There's nothing like taking a week's vacation to rejuvenate oneself.  I'm just returning from one and I cranked out ten new picks and two new pitches for existing picks today.  [more]

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16

PDL BioPharma...Another Cool Biotech Special Situation

August 29, 2010 – Comments (3) | RELATED TICKERS: PDLI

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21

Penn West's Growth is about to Explode

August 28, 2010 – Comments (2) | RELATED TICKERS: PWE

As a long time shareholder of Canada's largest royalty trust Penn West (PWE) I have suffered through the highs and lows of the company.  I initially picked up shares after the "Halloween Massacre" when Canada decided to pull the plug on CANROYs favored tax status.  The uncertainty that this move created caused stocks in this sector to fall off of a cliff.  Seeing that this was a company with valuable reserves that had been oversold I pounced on the opportunity and added shares hand over fist.  [more]

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13

Adding Medtronic to my CAPS portfolio

August 27, 2010 – Comments (0) | RELATED TICKERS: MDT

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26

What I've been up to & a new pick

August 25, 2010 – Comments (11) | RELATED TICKERS: LCAPA.DL

IMG_0117  [more]

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17

This Company's CEO knows something that Mr. Market doesn't

August 20, 2010 – Comments (5) | RELATED TICKERS: EXE

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11

Adding this new spin-off to my CAPS portfolio on recent weakness

August 19, 2010 – Comments (0) | RELATED TICKERS: CLGX

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16

Whitney Tilson provides update on IOC short

August 18, 2010 – Comments (0) | RELATED TICKERS: IOC

Here's an interesting post courtesy of Market Folly on Whitney Tilson's T2 partners' short position in InterOil Corp (IOC).  [more]

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16

David Einhorn's new Special Situation Stock

August 17, 2010 – Comments (4) | RELATED TICKERS: FURX.DX , PPDI.DL

This morning I singled out Furiex Pharma (FURX) as one of the two new David Einhorn positions that I planned on doing more research on.  I am now comfortable enough to add it to my CAPS portfolio, but not yet in real-life.  Here's what I have been able to find out thus far.   [more]

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18

Whale Watching: Bill Ackman thinks that YUM is YUCK

August 17, 2010 – Comments (10) | RELATED TICKERS: YUM , PZZA , DPZ

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18

Whale Watching: David Einhorn's Greenlight Capital

August 17, 2010 – Comments (3) | RELATED TICKERS: PFE , LMT , FURX.DX

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23

A Titanic Verdict

August 16, 2010 – Comments (5) | RELATED TICKERS: PRXI

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4

An odd situation, Liberty Acquisition's purchase of Spain Promotora de Informaciones

August 16, 2010 – Comments (5) | RELATED TICKERS: LIA.DL

So I was going through the recent 13F aka holdings filing for Whitney Tilson's T2 Partners Hedge Fund that just came out today and I noticed that one of the fund's newest and largest holdings is good old John Malone's Liberty Acquisition Holdings Corp. (LIA).  [more]

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15

WANTED: Companies that have terrible margins and low price-to-sales ratios

August 13, 2010 – Comments (6)

I am placing a call to arms in CAPS for suggestions of companies that have terrible margins. That's right, if you know about an inefficient beast of a company with incompetent management or better yet brand new management I want to know about it.

I have done pretty well so far by investing in a company that had terrible margins in American Water Works. AWK had some of the worse margins in the industry, and I loved it for that.  As it improves its margins, its earnings are growing, its dividend is rising, and its stock price is climbing.  [more]

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8

Activist Investor Situation of the Day - Cypress Bioscience, Inc. (CYPB)

August 13, 2010 – Comments (2) | RELATED TICKERS: CYPB.DL

As I have mentioned in a couple of recent posts, I have become increasingly interested in activist investor situations.  If you can find them early enough, this sort of situation is great because many times the activist investors, such as hedge funds, etc..., often attempt to purchase the entire company, push for the company to be sold, or at the very least agitate significant changes in either a company's management, the Board of Directors, or operations to unlock hidden value.     [more]

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12

Cano Petroleum, +17% and counting

August 10, 2010 – Comments (3) | RELATED TICKERS: CANO.DL

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19

Closing out of TA for a quick 33% gain

August 09, 2010 – Comments (10) | RELATED TICKERS: TA

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17

Consumer demand for light vehicles remains very, very weak

August 09, 2010 – Comments (4)

The headline numbers look pretty solid.  Light vehicle sales in the United States are up nearly 15% year-over-year through July.  However, the real story paints a much bleaker picture, particularly for the "Big 3" domestic manufacturers.  The following Automotive News article contains fantastic information on these automakers growing dependence on "fleet" sales to pump up their reported sales numbers (subscription required):  [more]

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6

Going long an ETF for a change

August 06, 2010 – Comments (6) | RELATED TICKERS: BIF

Normally I stay the heck away from ETFs.  I'd usually rather short them than go long, particularly those idiotic commodity-tracking funds that contango gradually eats away at the value of, like UNG, USO, etc...  Those things are absolutely terrible.    [more]

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24

American Water Works Crushes It

August 05, 2010 – Comments (0) | RELATED TICKERS: AWK

  [more]

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22

The rumors of Caremark's death have been greatly exaggerated

August 03, 2010 – Comments (4) | RELATED TICKERS: CVS , ESRX , AET

Back in April, I went long CVS Caremark (CVS) stating the following:  [more]

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20

Five Quick Pitches

August 02, 2010 – Comments (6) | RELATED TICKERS: IMN , TDW , ACL.DL2

Hi everyone.  Here's a few quick pitches for several of the stocks that I have added to my CAPS portfolio lately.  Enjoy and if anyone is familiar with any of these companies / situations, please let me know your thoughts.  Thanks.  [more]

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