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TheDumbMoney (73.43)

August 2011



Oshkosh Corporation On My Watchlist

August 30, 2011 – Comments (4) | RELATED TICKERS: OSK , CAT , SPY

I read today that Icahn was a big holder of Oshkosh Corporation (OSK).  I don't know if you know what this company is (I didn't), but it's an old and major-though-second-tier heavy equipment maker.  They make a majority of their revenue from U.S. defense applications (armored vehicles, etc.), but also make garbage trucks, cranes/lifters, de-icing trucks, fire trucks, etc.  I looked it up and it has no dividend (it cut its $0.40/year divvy in Spring 2009, it's one of those), and a P/E of under 5, with a one-year forward P/E of around 9ish because it's going through some hard times right now.  It's clearly a cyclical industrial stock.  The 3-year beta is 2.5.  [more]



Two Models for Pricing Gold

August 25, 2011 – Comments (31) | RELATED TICKERS: GLD , SPY , IAU

A few weeks or a month ago, TMFBullnBear, in the comments to one of his great posts on gold, posted a link to a blog post that a commenter on his post on had brought to his attention.  That blog post is a 2010 article by Eddy Elfenbein, who writes Crossing Wall Street.  The blog and the post and the model blew me away, reading it as I did, much farther into the trend than it was written.  You can find it here.    [more]



Jobs Out as CEO of Apple Today

August 24, 2011 – Comments (6) | RELATED TICKERS: AAPL

Did anyone else see this news?  Is it true?  Not unexpected, but still likely the result of a sad story.



Excellent Practical Advice for the Crash...Yes, Crash

August 19, 2011 – Comments (16) | RELATED TICKERS: SPY

I'm a regular reader of  Josh Brown ("The Reformed Broker").  He has a great post up today that I highly, highly, highly recommend:  [more]



Is CAPS Scoring Screwed Up This Morning?

August 18, 2011 – Comments (2) | RELATED TICKERS: SPY

Title is self-explanatory.



Goldline Commercial, Overheard Today

August 12, 2011 – Comments (5) | RELATED TICKERS: GLD , IAU

"The price of gold has risen for every one of the past ten years.  Isn't it about time YOU added gold to YOUR portfolio?"

-- Goldline Commercial, Overheard on a TV in my Building's Cafeteria/Restaurant



Oh F it All -- SODA at $41.70/share, after the Drop

August 11, 2011 – Comments (17) | RELATED TICKERS: SODA

I liked the report today, it has been on my watchlist for some time, and at one point today it was suffering a 38% drop.  I picked up a 1/2 position today at the above-referenced price.  I'll buy more either if there is 1) significant further stock drop combined with no perceived business deterioration; or 2) improved business conditions after next quarter, even if the stock has appreciated.  [more]



BRK-B -- Added More at $67.47/Share

August 08, 2011 – Comments (2) | RELATED TICKERS: BRK-B , RIG , SPY

Okay, I am officially in violation of my trading rules now, having added to my Berkshire position today at $67.47, and to my RIG position at $48.50/share, despite telling myself I would not add until 8/15/2011.  I'm very happy about my prices, but I'm going to unplug from the market for a day or two.



RIG -- Added at $48.50

August 08, 2011 – Comments (1) | RELATED TICKERS: RIG , SPY

Yes, please, I'll take two, and one for the lady.  If and as things go down I'll continue to add occasionally, and post about it. 



Buffett on S&P Downgrade -- Hilarious

August 06, 2011 – Comments (20) | RELATED TICKERS: SPY

"When asked if he felt the U.S. deserved the downgrade, Buffett said, "No." He took a swipe at S&P, quipping, "Remember, this is the same group that downgraded Berkshire."

Read more:  [more]



Yeah I'm Dumb -- Added 1/3 to BRK/B Today

August 03, 2011 – Comments (14) | RELATED TICKERS: BRK-B , AMZN

Make my day, beyotch.   $73.18/share.  They's mo capital where that came from.  Let us see how much farther these markets drop until the judgment is rendered about whether this is a soft patch or we are entering a double-dip.  Let's look at velocity of money and at TIPS spreads to gauge the likelihood of more Fed easing being announced at the end of August.    [more]

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