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TMFUltraLong (99.96)

My Favorite Bank, Reasons to Forget Apple & More Random Thoughts

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35

October 11, 2010 – Comments (13) | RELATED TICKERS: HRBN.DL , HCBK , CRUS

Despite my relative avoidance of banks, would you be just a little curious what my favorite financial company is? I go into some detail about my favorite bank here.

In another article late last week I gave some reason to forget about high-flying Apple and focus on a few of their component suppliers instead which should give you a greater chance at price appreciation compared to Apple.

Now onto those Random Musings....

Holy cow did you see the UltraChina portfolio over the last two days??? It rose in excess of 200 points yesterday and nearly had a 600 point gain today! Get out your China pom pom's and start cheering because the rally has begun!

Gold & Silver are nearly at a temporary top. Do I know where they are headed 3-6 months from now? Not really, but I feel pretty confident that gold should crap out around $1381 and retrace from there while Silver should retrace to at least $20.80! You'll see a few new CAPS trades lined up to take advantage of a ridiculously overzealous metals market.

Harbin Electric got a bid from it's CEO to take the company private and it may not be a bad idea for shareholders to take the bait. They could be selling themselves cheaply, but electric motors aren't going to be a great long-term investment. They are kicking butt and taking names now but I'm not sure where they'd be 5 years from now.

Did anyone else see my Detroit Lions mercilessly destroy the St. Louis Rams 44-6? Wasn't it beautiful?

Mmmmmmm.... Homer like Musings...

UltraLong

13 Comments – Post Your Own

#1) On October 11, 2010 at 10:40 PM, JakilaTheHun (99.93) wrote:

Hudson City is a good bank.  I hadn't realized it had dipped down again. 

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#2) On October 12, 2010 at 1:36 AM, ikkyu2 (99.51) wrote:

Lions looked like a real team.  I have Jahvid on my fantasy roster, so go Lions!

Since this is the random thoughts area, I was wondering if you had a take on CLCT.  They slab collectibles like gold coins; recently made a failed foray into gem grading; have no debt on the sheet and just hiked their dividend (which they cover comfortably with income.)  I caught the last little bump but think it might be a small cap for a long run.  I know you have some expertise about some of what they do, so I wondered if you had an opinion.

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#3) On October 12, 2010 at 1:48 AM, walt373 (99.84) wrote:

I'm looking at their financials and they look very impressive. And the stock is quite cheap as well, almost trading at tangible book value. Just added this to my to-research list, thanks for the interesting idea.

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#4) On October 12, 2010 at 1:50 AM, TMFUltraLong (99.96) wrote:

Collectors Universe is one of those cheap companies on paper, but I believe they deserve to be cheap. I mean it's not like they aren't producing a good profit or paying out a solid dividend, but a lot of their products are extremely "fad-dy". It wouldn't take much for many of their products to essentially die out. I know there's value in their coins but I'm just not sold on the company concept... far too easy for many aspects to get out of favor. Right here its more than fully valued.

UltraLong

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#5) On October 12, 2010 at 1:51 AM, walt373 (99.84) wrote:

And impressive win over St. Louis haha... I always find myself rooting for the Lions, unless they are playing the Bears :P

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#6) On October 12, 2010 at 1:55 AM, TMFUltraLong (99.96) wrote:

Growing up in LA and watching the LA Rams, since they got taken to St. Louis I love getting the opportunity to watch them get throttled.

UltraLong

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#7) On October 12, 2010 at 2:57 AM, HarryCarysGhost (99.77) wrote:

Lions were due. Ugh, Just needed 19 more points to win my FF matchup.

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#8) On October 12, 2010 at 3:54 AM, MGDG (38.16) wrote:

One day maybe we'll get a real team in LA. Until then My favorite team is whoever is playing the Rams that week. Oh and thanks for the write up on Hudson City.

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#9) On October 12, 2010 at 12:15 PM, russiangambit (29.94) wrote:

> In another article late last week I gave some reason to forget about high-flying Apple

I don't think ican take anymore hearing how wonderful Apple is. I think it is mentioned on CNBC every 20 min, at least. I probably listen to them only 30 min a day and I get my daily dose of Apple.There seems to be just too much excitemnt over Apple.

it is probably going to end upas Google - boring "value" stock a couple years from now.

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#10) On October 12, 2010 at 8:47 PM, HarryCarysGhost (99.77) wrote:

Hey UL, sorry I was brief but it was late. The worst part of that Lions game (for me)  was that they took out one of my starting receivers, Jackson.

So With one of my RBS, two of my WRS not producing, I would've needed monster games from Moss and Tomlinson, to catch you.

Welp, heres hoping I can regroup, and maybe see you in the playoffs.

Cheers, John.

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#11) On October 14, 2010 at 9:34 AM, Quantemonics1 (99.67) wrote:

I put my investment rationale and thesis for owning a large stake in Yahoo! on portefeuille's blog this morning... Comment #15

http://caps.fool.com/Blogs/fund/458664

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#12) On October 15, 2010 at 1:33 AM, ikkyu2 (99.51) wrote:

Thanks for your reply, UltraLong.

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#13) On October 28, 2010 at 4:30 PM, OrangeCrema (37.01) wrote:

UltraLong, where do you see HCBK in 12 months?  S&P thinks has a target of $15 based on a 2011 tangible BV of about $12.50, and I think this is a tad optimistic. 

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