Stock Analysis
Bargain Hunting at J.C. Penney
J.C. Penney Co. is a classic short-term pain arbitrage stock. There is a lot of uncertainty about what the retailer’s sales will do in the near future.
Finding Value in HMOs
HMOs appear to be perfect stocks for today’s market. They have good balance sheets, terrific free cash flows and recurring, highly economics-insensitive revenues.
Electronic Arts – Revenge of the Nerd
Electronic Arts stock is scratching 52-week lows. It is unloved, but for some good reasons: its sales have stagnated for years.
Helmerich & Payne Analysis
I took a serious look at Helmerich & Payne and, though we really liked the company, my conclusion was not to buy the stock at this price.
Thoughts from VALUEx Vail 2012 Conference
VALUEx Vail is not your typical conference. It is a not-for-profit (but for-learning), by-invitation-only (you have to apply to be invited) conference.
VALUEx Vail 2012 – Amazon’s Valuation
In this series of several articles I’ll discuss my thoughts from the VALUEx Vail conference. The idea for this conference came to me when I attended VALUEx Zurich
The China Syndrome
MOST PEOPLE are convinced by now that there is a fixed-asset bubble in China that is on the verge of bursting. The question is, what is next?
Why Windows 8 Made Me Sell MSFT
A few weeks ago we sold our shares of Microsoft. Because we believe the stock is undervalued, that decision was not easy. What changed?
Everyone Who Says Facebook’s IPO Failed Is Wrong
I wrote that Facebook stock was overvalued, while last week I wrote that Facebook’s valuation at IPO was fair. Those statements are not contradictory.
How to Fix Best Buy
Best Buy Co. shareholders are lucky that CEO Brian Dunn pulled a “Mark Hurd” and resigned as a result of allegations of an inappropriate relationship with a staffer.
Facebook IPO Was a Success and Wall Street Got What it Deserved
Being politically correct has never been my strongest quality; therefore I’ll say this: I don’t feel sorry for Facebook’s new ...
Why Facebook’s IPO Valuation is Insane
The easiest way to assess the insanity of Facebook’s valuation is by comparing it to Google’s.
Seek out people who disagree with you; The budget deficit is a stimulus; China = post-bubble Japan?
Buffett said "When government runs a 10% deficit, it is a stimulus, though nobody calls it that." But the bond market will not let us run 10% deficits forever.
Lecture: China & Global Economy
I had a great pleasure to give a lecture on China and its impact on global economy at Johns Hopkings University Applied Physics Lab.
Warning for an Eager Facebook Investor (my shortest article, ever!)
Here is a thought for an eager Facebook investor: Google revenue - $40 billion; market capitalization $200 billion (plus $40 billion of cash).
Omaha & Bubbles
It is Omaha time again! This year Value Investor Congress, which I’ll be attending, has been moved to Omaha. Congress is Sunday (May 6th) through Monday.
Not Buying Best Buy
Best Buy’s CEO Brian Dunn did a courageous and proper thing for shareholders by resigning. He was not the right person to lead Best Buy into battle against online-only competitors that use Best Buy’s spacious and beautiful stores as the showroom for their products.
Don’t Look to the Market for Advice
Bull markets are Emerald Cities of our own making. In a bull market it is decreed that investors and the media shall wear green-tinted glasses.
Investor Alert: Xerox is a Cash Machine
On the surface Xerox Corp. smells a lot like its Nifty 50 brethren, once-hotter-than-the-sun-but-now-bankrupt Eastman Kodak Co. and Polaroid Corp.
Bullish. Bearish. Brokish!
Though the market keeps raging to the upside, I keep seeing bearish signs in market sentiment – the VIX is hitting multi-year lows, NYSE short interest is hitting a four-year low, the ratio of insider selling to buying is running at what John Hussman calls “panic level,” 8 to 1
VALUEx Vail 2012
VALUEx Vail is designed for serious investors to share ideas and learn from one another's experiences, all while enjoying each other's company and fun activities in the gorgeous Colorado mountains.
