Investor with no formal training. Enjoy reading about happenings in corporate America, and trying to predict where things will land in the future. Interested specifically (but not limited to) Healthcare, and Real Estate. Also interested in macro strategies, and derivatives-- both for investing and hedging. No interest in technical analysis, and limited interest in short selling. Started writing in order to nail down my thoughts on the market, and to get feedback from other users and contributors.
I am an experienced individual investor who has been trading merger arbitrage stocks and options since the 90's. I am a writer with a Master of Science from Northwestern University and I truly enjoy writing articles about the stock market. I try to look for opportunities where the odds are in my favor and there is a definite edge. On Seeking Alpha my articles will aim to provide insight and favorable risk/reward for the readers.However, I am not an investment advisor so any recomendations or ideas I write about in my articles, blogs, or comments shouldn't be taken as investment advice. I recommend using my writings as a starting point to which you should add your own research or that of an investment advisor.
"Any time you make a bet with the best of it, where the odds are in your favor, you have earned something on that bet, whether you actually win or lose the bet. By the same token, when you make a bet with the worst of it, where the odds are not in your favor, you have lost something, whether you actually win or lose the bet."
-David Sklansky, "The Theory of Poker"
I am an event-based investor focusing on opportunities with hard or predictable catalysts - particularly companies undergoing demergers or mergers, or otherwise able to manufacture high-probability growth due to some quirk of corporate structure, capital structure, accretive share issuance, growth via acquisition pipeline, competitive advantage/reinvestment, or other high-probability mechanism.
I am always on the look-out - especially in context of the opportunities mentioned above - for supply and demand imbalances: forced or uneconomic sellers, predicable (exploitable) behavioral trends, or unusual securities that can't be held by many industry players. Any ideas or thoughts would be appreciated.
Has 16 years of investment experience. Holds Bachelors Degree in Business and minor in Economics. Holds special interest in options trading and hedging strategies utilizing options. Resides in the USA
The best way to contact Clay is here at SA messaging.
I managed large box retail stores for 30 years. I then retired from retail, studied for several years and opened a financial services firm. I was a registered representative for ten years and recently sold my financial services business. Core holdings: EPD, MMP, APTS, BIP, HASI, BX, COR, CVS, DLR, CELG, AMGN, HTGC, JNJ, LMT, MAIN, MHLD, NEWT, NRZ, OHI, RTN, UNP, WPZ, OAK, SIR, SXL, SRLP, TEP, UTX, WPC, MPW, and BIF. As a former Registered Rep, I now own zero mutual funds after seeing how they were destroyed in 2008.
I am an American, I spend a lot of time in China. I find being outside the US is a great way to expand my perspective on the world. I don't buy any Chinese stocks, the perspective I speak of is companies that sell into china. YUM and APPL happen to be amongst my largest holdings. I have been a Financial Advisor for 30 years. I invest in companies with around a minimum of 15 years of uninterrupted annual dividend increases, in steady non cyclical industries. I would make an exception as in the case of a company like COST. I would love to own COST if it's valuation drops, even though they only stand at 10 years increased dividends. I buy when the company's dividend yield is at the high end of its 5-10 year range, when everything else looks good of course. I own one speculative stock, SCTY.
Top 14 holdings in order of size. Most have been held for a at least 2 years.
SCTY (my one non dividend paying company)
AAPL is a unique investment for the portfolio in 3 ways. First, when I purchased in 2011 at around $50 (split adjusted) I overweighted heavily at around 12%. Second, AAPL did not pay a dividend when I purchased it (I only hold 1 non-dividend paying stock at a time). Third, now because of the increase in AAPL price of around $130, my overweight level has become 22%. This level of overweight is a concern.