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%
What else could explain the 11% pop in ACAS, bigger than most other financials today? Well, besides Wheaties, perhaps the pending “new” rules on naked short-selling might also have something to do with it. It’s interesting to see another position, Minefinders (MFN), up 16% today as that stock allegedly has a big naked short position [...]
A brief rundown of Q2′s earnings report (all figures US$ unless noted): After last quarter’s negative cash figure (-$10M OCF), Q2 saw several encouraging developments on the cash flow statement. ACAS is once again cash flow positive, generating $141M OCF during the 1st 6 months. This is a 26% decline from last year but with [...]
Nice to to see the stock (ACAS) up over 10% today. I looked over the press release but will reserve comment until I can dig into the 10-Q. The one item I noted for future research was the $252M writedown in the private finance portfolio, ostensibly due to lower public-company multiple comps and decreasing cash [...]
As a value investor, I am used to buying stocks as they go down and averaging into a position. While I believe that markets are not totally efficient, they are fairly efficient and so when Mr. Market marks down 40% a position that I already believed to be heavily discounted, I do not subscribe to [...]
While the name has changed, the stock price decline remains the same. American Capital (ex-Strategies) has just seen the share price decimated over the last week and I can’t find any information as to why. I know many “value investors” wrap themselves in a cloak of confidence and view these drops as buying opportunities. That [...]
