Archive for June, 2009
Sears Holdings as a REIT
My most recent post on mall REITs (SPG in particular) got me thinking about Sears Holdings, a company that I disparaged a few weeks ago in a post called, “Unsuccessful Profits.” More particularly, my chart on REIT valuation based on square footage owned made me wonder.
Aas you can tell, price per square foot data can [...]
read more »Short this REIT?
A colleague of mine recently brought an interesting phenomenon to my attention. REITs and one particular REIT – Simon Property Group (SPG) – have had quite the run in the last few months. The above chart runs from March until today – June 22, 2009. It’s clear to see that REITs as an asset class (using [...]
read more »S&P Analysis Follow Up
Turns out that I wasn’t the only one spending my time trying to analyze the S&P yesterday. INO Market Club (a site sponsor) just uploaded a free video using even more detailed technical analysis than I did. In it, the author uses candle stick and volume analysis to identify the likelihood that sellers have overtaken [...]
read more »Why you should hold cash now
The markets have rallied nearly 50% off their lows, but the last two weeks have been decidedly slower. Are we about to correct back downwards? How severe will it be? I’ve been more focused on bottoms-up fundamental stock ideas over the last few months, but having made a few purchases these last few months and [...]
read more »Valero: value or value trap?
Last week, Valero announced the postponement of a major capex project in Port Arthur, a guidance towards a second quarter loss, and a dilutive stock offering. Basically, a triple whammy that sent the stock tumbling from $22 to $18, a near 18% single day loss.
A lot has been written since about how CEO Bill Klesse [...]
The next big commodity play
Above is a graph of various commodity ETFs. The main ticker is UNG (United States Natural Gas Fund), a ETF which tracks prices of natural gas delivered at Henry Hub. OIL is the iPath Oil ETN. JJA is the iPath Agricultural Commodities ETN. JJM is the iPath Industrial Metals ETN. And, JJP is the iPath [...]
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