Archive for January, 2009
Apple will be fine!
Steve Jobs’ after hours announcement of his medical leave of absence was unexpected. Shareholders are now forced to confront a Jobs-less Apple much earlier than anyone anticipated. The prospect is worrisome and it calls into question how forthright the Jobs and Apple have been about a succession plan and his likelihood of continued involvement at [...]
read more »Irrational Retail Valuations
Before the onset of a recession and consumer pullback, investors rarely had to spend a lot of time ascertaining revenue visibility. After all, a rising tide lifts all boats. Find a hot stock, read all the glowing analyst recommendations, and buy knowing that it shouldn’t be too hard to hit forecasts. In a negative growth [...]
read more »Start looking forward
Earnings season officially kicked off today with Alcoa’s $1.49/share loss versus last year’s $0.75/share profit in the same quarter. The market yawned at the news and share’s moved just 0.5% in aftermarket trading. We all know that earnings this quarter will be dismal. In fact, Thompson Reuters expects negative earnings growth in seven of 10 [...]
read more »Humorous Economic Punditry
Here’s a little humor for the weekend. As we all know, it seems that the porn industry isn’t as recession resistant as we seem to think. In fact, Larry Flint (of Hustler fame) and Joe Francis (of Girls Gone Wild Fame) are calling for their own $5 billion bailout. Larry Flint summed up with this statement: [...]
read more »Where you can find black gold
In yesterday’s post, I discussed the importance of having some long oil exposure in your portfolio as most businesses are generally hurt by increasing oil prices. But, if you’re like me, and not an expert oil trader. It can be daunting to go out and buy an oil ETF like the Goldman Sachs Crude Oil [...]
read more »Grease up your portfolio
It’s probably safe to say now that the awe inspiring run we saw in oil earlier this year was likely a last gasp commodity bubble. Now, oil has fallen to levels that many of us thought were a part of history. So, what is the true value of a barrel of oil? It’s pretty easy [...]
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