Hard times, indeed, as I was laid off yesterday. We were bought out by another company and they decided to close my department. I guess I’ll have more time to blog while looking for employment. In fact, I will celebrate my new-found idleness with a two-part post updating my investment strategy and tactics this weekend. [...]
Michael Shedlock has a great post on the recent slide on oil prices. Shedlock has been predicting a deflationary scenario as a consequence of the credit bust even when commodities reached all-time record highs earlier in the year. Due to oil’s rapid descent past his $70 target, Shedlock is now predicting possible $50 – $60 [...]
This market is probably literally driving people to the bottle (or worse). A couple of random thoughts: Just caught Jeremy Siegel, a supposed investing guru, on CNBC a few moments ago and I’m now of the opinion that this guy’s investing viewpoints are nearly worthless. I remember him on Bloomberg facing off against David Tice months ago sounding [...]
Part 1 – Overview (below) Part 2 – Risks & Upside Part 3 – Valuation & Assessment More on this topic (What's this?) Nam Tai (NTE): Cash-rich trade (Blogging Stocks, 3/28/09) Nam Tai Electronics, Inc. Q3 2010 EPS $.17 (Benzinga, 11/1/10) NTE (Samurai Trader, 11/1/10) Read more on Nam Tai Electronics at Wikinvest
Click here to view the spreadsheet containing all disclosures for my complete equity portfolio, including initial entry points, YTD returns, total returns, etc. THE ENLIGHTENED-AMERICAN PORTFOLIO SPREADSHEET Enlightened-American Portfolio: -0.4% YTD (including dividends) DJIA: -18.2% Nasdaq: -21.5% S&P 500: -20.7% DJ WIlshire 5000: -20.0% Reuters 2000 (smallcap): -11.3%
Once again, Buffett picks up a sweetheart deal, this time at GE, with the same terms apparently as his Goldman Sachs investment. $3B in perpetual preferred shares @ 10% yield + warrants to purchase $3B in stock (I don’t know what the strike price is on these $22.25 at any time during a 5-year period). [...]
