Archive for May, 2009
Even value investors have their guilty pleasures
Advertising mogul Ed Eskandarian is selling his minority stake in the Boston Red Sox to Seth Klarman, a well known Boston hedge fund manager, according to two people briefed on the transaction.
via Boston Red Sox – Minority owner selling stake in Red Sox – The Boston Globe.
Seth Klarman, the man who wrote the most famous [...]
SHLD – Unsuccessful profits
Five years ago, the investment world was lauding Eddie Lampert as a “genius” and “the next Warren Buffett.” After taking control of a bankrupt K-Mart and turning it around, he engineered the takeover of the iconic Sears and created what looked to be a potentially dominant new platform for which to execute his investing prowess. [...]
read more »Google, should they just keep hiring?
Earlier this year, much hullabaloo was made about Google’s capital allocation decisions. While the traditional acquisitions, cash used in investing activities, and minimum guaranteed payments for ad inventory (i.e. MySpace) were scrutinized, particular media attention was placed on Google’s rate of hiring. Well, according to recent analysis done by Pingdom, maybe the headcount worries were [...]
read more »Private equity victimizing public markets?
Recently read an article, “Texas Pacific Group Made Money On J. Crew, Did You?,” that seems to paint a rather damning picture of private equity, particularly Texas Pacific Group and its investments. The article makes note of the fact that TPG recently sold the last of its shares in J. Crew and officially exited its [...]
read more »The Most Contrarian Idea I Have
Any reader of my blog recognizes that I generally have an affinity for consumer products and retail facing stocks. In this recession, I’ve also become quite the fan of dividends as manifested in my recent investments – GE, VLO, MO, and LINE. As such, this investment idea probably comes as no surprise – Hotel REITS.
What [...]
