Eli Hoffmann

Wall Street Breakfast: Must-Know News

PJ568, thanks for your feedback. We largely report adjusted earnings. This is due to the fact that analyst consensus estimates, which are the gauge by which many judge whether a given company has beaten or missed expectations, are formulated based on adjusted earnings.

Barron's Goes Bullish on Banks, Again

Hi quetzalcoatl,

Thanks for taking the time to comment.

Just to set the record straight, these are by no means my stock picks. Seeking Alpha summarizes some of the major Barron's articles each week, and I take a part in that project. But the opinions expressed are those of Barron's magazine, not mine nor Seeking Alpha's.

Barron's Looks at Buffett's Buys

According to the article the puts are unhedged. I don't believe he's looking for a quick Barron's "pop" -- that just isn't his style. Barron's surmises the puts were "custom brewed" by Buffett, and likely sold to insurers or other portfolio managers who guarantee clients no loss of principal under any circumstances -- that's why it's possible for him to sell such far-out expirations. The strike prices, according to Barron's, were "at market" at the time they were sold. As far as the proportion of S&P puts vs. puts on foreign (unnamed) exchanges, Barron's doesn't elaborate. If one assumes the four total positions are approximately equal, then clearly the foreign component outweighs the domestic.

Hope that helps.

Under The Radar News - Wednesday

Hi Stephen. Changed the ticker to LFC. Thanks!

Under The Radar News - Wednesday

Thanks for the heads-up. I amended the article based on your corrections.