A reader has some change burning a hole in his pocket and asks the following: “I have read you posts from time to time on Seeking Alpha and have recently become a regular visitor of the Englightened American blog. I would love to see a post on where to invest new money… not necessarily the [...]
A reader emailed a question regarding ACAS: “I really like you posts on ACAS. I have lost so much money on this wooffer that is beyond pain. No, actually the pain is still there. Without holding you liable in any way, shape or form, is this thing going under? If you take a two year [...]
Regular readers are aware that I supported Barack Obama in the last election. Because I based my decision not on ideological grounds but on competency, I have no problem criticizing him for ineptitude. While it may seem a bit premature to criticize the man before he’s even taken office, I feel it is fair. President-elect [...]
Seth Klarman is one of the more secretive money managers out there so I don’t know what returns Baupost has generated in 2008. Here are some recent stories with his thoughts on current market conditions. Looking at his SEC filing, I see a few interesting moves: Klarman didn’t open any bold new positions other than [...]
Fairholme Capital, led by Bruce Berkowitz, runs a pretty focused portfolio and I found their most recent filing very interesting: Berkowitz’s two largest new positions were big stakes in Boeing (BA) and Northrop Grumman (NOC), the win-win US tanker contract trade, if you will. I have both on my watchlist and keep in mind that [...]
2008 Q3 highlights (all figures C$ unless otherwise noted): Due to the acquisitions, YOY comparisons may be misleading so I will be focusing on changes from Q2 2008. Keep in mind prices hit records in the beginning of Q3 (US$145) and now sit under US$60: Operating cash flow (OCF) came in at $1.58 per share [...]
