Solid Gains In 2011 But GE & AMAT Good Bets For Future

THE ENLIGHTENED-AMERICAN PORTFOLIO SPREADSHEET Enlightened-American Portfolio: +9.5% through Nov 30, 2011 (my actual IRR, including cash balance) Dow Jones Industrial Average:+4.0% Nasdaq: -1.2% S&P 500: -0.9% DJ Wilshire 5000: -1.9% Russell 2000 (smallcap): -5.9% New adds to the portfolio included Applied Materials and rolling over the Telefonica naked puts. Also added to my GE position. [...]

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Holding My Nose & Buying GE

General Electric (GE) has been one of the biggest stinkers in my portfolio for some time now — completely my fault for not demanding more margin of safety and buying at too high a price. But a couple years removed from the 2008 crisis, GE looks too cheap @ $16 so I’m adding to my [...]

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Bernanke A “National Hero”?

Apparently, the propaganda has begun to build around our current Fed Chairman, Ben Bernanke, as evidenced by this small blurb in the morning’s Financial Times: Challenges Mount For ‘National Hero’ Bernanke Of course, the gushing comments come from two prominent figures of the short-sighted, slash-and-burn corporate America that rules over our country: Jack Welch and [...]

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123rd Edition of The Festival of Stocks

Welcome to the january 12th, 2009 edition of the Festival of Stocks, hosted this week by the Enlightened American site.  Below, you’ll find a selection of posts covering a wide array of topics in investing and personal finance.  You can find more information on the Festival of Stocks here. More on this topic (What's this?) [...]

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Warren Buffett = Extortionist? Loan Shark?

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).  [...]

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Review of Current Losing Positions

A few weeks ago, a reader asked me about my current thoughts on Telecom New Zealand (NZT), which, as of 07/01/2008, was down 16.5% since I bought it last year. The blog’s hacking sidetracked me a bit and also, I’ve been “rolling” NZT and its future prospects in my head for a while. But judging [...]

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