We implement ranking strategies inspired by smart indexing philosophies such as James O'Shaughnessy's "What works on Wall Street" and Joe Greenblatt's "Magic Formula". The approach is purely quantitative and based on price versus fundamentals ranking. Typical fundamental ranking factors include dividend yield, ROTCE, ROE, earnings, free cash flows, sales
Wall Street Breakfast, Seeking Alpha's flagship daily business news summary, is a one-page summary that gives you a rapid overview of the day's key financial news. It's designed for easy readability on the site or by email (including on mobile devices), and is published before 7:00 AM ET every market day.
Wall Street Breakfast readership of over 900,000 includes many from the investment-banking and fund-management industries.
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Jennifer's areas of expertise include energy trends —their economic and geopolitical implications—and resource sustainability issues. Other interests include shale oil and natural gas, climate change, green and efficient infrastructure, China, India, and the energy-water nexus.
Her work has been published in various academic, policy and business publications such as Far Eastern Economic Review, Economist Intelligence Unit’s Executive Briefing, Journal of Structured Finance, Lloyd's List, D CEO, Energy Trends Insider, Financial Sense, and many others. She has been interviewed for numerous radio broadcasts and news stories, and presented her work at various conferences. From Dec 2010 to April 2013, she was the CEO/President of a global affairs organization focused on cutting edge trends. She organized and moderated panels on global gas, energy security, energy infrastructure finance, and urban development.
She has a master's degree from London School of Economics, and bachelor's in finance/marketing. She is principal of Concept Elemental, a strategic communications consultancy focusing on knowledge work, and includes over fifteen years of financial services industry work. She works with a top University, "translating" cutting edge research as well.
Richard Zeits is an Oil & Gas industry analyst and consultant. His background includes fourteen years as Energy industry-focused investment banker, portfolio manager and senior investment analyst with bulge bracket firms in New York. Zeits Energy Analytics use elaborate proprietary analytics and data bases to provide in-depth industry research, market intelligence, and forecasting.
Dan Rosenblum is the writer and editor of the Sharkbiotech.com (http://www.sharkbiotech.com) newsletter. His combination of a background in medical sales and as a full time trader for the last ten years give him a unique prospective in how to navigate the treaterous waters that is the biotech sector. He lives in New York with his wife and five children.
Founder/manager at Shih Investments. In early 2009, I quit my job as an engineering manager at Google, to start my company. That was right in the middle of the crash, and, it relates to my investment style - deep value when others are frightened. My preference is to be deeply analytical, scouring documents that many will by-pass, to come up with my investment ideas.
Jeff is the President of NewArc Investments Inc., manager of both individual and institutional investments. Jeff is a registered investment advisor, and portfolio manager for NewArc's investment programs.
Jeff is a former college professor with a hands-on, real world attitude. His quantitative modeling helped inform state and local officials in Wisconsin for more than a decade. A Public Policy analyst, he taught advanced research methods at the University of Wisconsin, and analyzed many issues related to state tax policy.
Jeff began in the financial business as Research Director for trading firm at the Chicago Board Options Exchange. He investigated anomalies in the standard option pricing models, taught classes for beginning options traders, and developed new forecasting techniques. In 1991 he established a general research consultancy, working with professional traders at all of the Chicago financial exchanges. In 1998 he started NewArc Investments, Inc.
Jeff has a commitment to the specific needs of individual investors. It is not a one-size-fits all approach, but one that emphasizes the unique circumstances of each client.
Jeff also serves on the board of two small technology companies (currently Chairman at one). He is occasionally as an expert witness in legal cases involving financial markets and hedging.
Value Digger holds MSc. in Electrical Engineering, speaks four languages (English, French, Greek, German) and has lived in the U.S. for many years. Also, he is a full-time investor and a freelance writer with one of the highest Followers per Article (F/A) rates in Seeking Alpha. His F/A rate in Seeking Alpha is above 30.
After creating "Nathan's Bulletin" (a subscription-based investment guide for investors who can't afford a financial advisor), Value Digger launched a subscription-based Premium Service in Seeking Alpha entitled "A Fundamental Investor's Stock Club" which includes an unparalleled, actively-managed and high-return Portfolio of unknown and/or underfollowed stocks. Regularly updated and detailed lists in his Premium Posts PROVE these high returns. For reference, when Value Digger was managing money in the early 2000s, his Portfolio's annual ROI consistently exceeded 50%. His Premium Research is based on a comprehensive review of company-specific factors, macro conditions, competitors and the industry trends.
When it comes to his publicly-available picks and his free Seeking Alpha articles, Value Digger is ranked in the TOP-50 with a success rate of over 80%, an average return per recommendation of over 30% and a 5-star rating according to TipRanks.com, which is the highest category quality ranking used to evaluate financial experts. TipRanks.com is a comprehensive investing tool that allows private investors and day traders to see the measured performance of anyone who publicly provides financial advice. TipRanks.com collects data, evaluates and ranks 9,000 financial experts worldwide.
After almost 30 years of investing experience in the international markets (U.S., Canada, Australia, Europe), Value Digger has formulated a deep understanding of valuation analysis and his investment philosophy is firmly grounded in Ben Graham-style value-oriented opportunities that often have an assymetric risk/reward profile. On that front, he has created a unique proprietary database with thousands of publicly-traded companies per sector, which helps him spot the bargains and the bubbles before many investors find them.
Sabra Capital is a multi-strategy hedge fund that focuses on event-driven, value and special situations investments. The primary investment objective is to achieve high risk-adjusted returns by taking advantage of in-depth proprietary research while limiting volatility and downside risk through opportunistic portfolio construction and strong risk management. Voted best event-driven multi-strategy manager for 2013 by Hedgeweek.
Dr. El-Erian is Chief Economic Advisor at Allianz and member of its International Executive Committee. He chairs President Obama's Global Development Council, is a Financial Times Contributing Editor, a Bloomberg View columnist and author of the NYT/WSJ best seller "When Markets Collide."
Dr. El-Erian formerly served as CEO and co-CIO of PIMCO, the global investment management company. He re-joined PIMCO at the end of 2007 after serving for two years as president and CEO of Harvard Management Company, the entity that manages Harvard’s endowment and related accounts.
Dr. El-Erian also served as a member of the faculty of Harvard Business School. He first joined PIMCO in 1999 and was a senior member of PIMCO's portfolio management and investment strategy group.
Before coming to PIMCO, Dr. El-Erian was a managing director at Salomon Smith Barney/Citigroup in London and before that, he spent 15 years at the International Monetary Fund in Washington, D.C.
Dr. El-Erian has published widely on international economic and finance topics. His book, "When Markets Collide," won the Financial Times/Goldman Sachs 2008 Business Book of the Year and was named a book of the year by The Economist and one of the best business books of all time by the Independent (UK). He was named to Foreign Policy’s list of “Top 100 Global Thinkers” for 2009, 2010, 2011 and 2012.
Dr. El-Erian has served on several boards and committees, including the U.S. Treasury Borrowing Advisory Committee, the International Center for Research on Women, the Peterson Institute for International Economics and the IMF's Committee of Eminent Persons. He is currently a board member of the NBER, the Carnegie Endowment for International Peace, and Cambridge in America. He chairs the Microsoft Investment Advisory Board.
He holds a master's degree and doctorate (economics) from Oxford and received his bachelor and master degrees from Cambridge. He is an Honorary Fellow of Queens' College, Cambridge University.
The professionals at Eight Diamonds Advisors have on average more than 20 years of experience working in the financial markets. Their backgrounds cover a broad swath of disciplines including M&A, restructuring, forensic accounting, investment management and research analysis.
MLPData is the leading site dedicated to providing investors with greater transparency into the full universe of Master Limited Partnerships and fund products. Our belief is that Master Limited Partnership's offer a very unique investment opportunity in light of the transformation of the North American Energy Landscape coupled with the unique tax considerations associated with distributions.
We are an independent and privately owned firm, launched by an entrepreneurial team with decades of experience in providing financial content and investment management services. Our objective is to expand the knowledge and investor interest in Master Limited Partnerships that are publicly traded, and the associated investment products such as Closed End Funds, Exchange Traded Notes and Funds and Mutual Funds.
I have retired from a 35 years career in the semiconductor industry. I now have the time to do the deep research necessary for successful investing.
I freely provide investment information for friends and family.
I am a member of MENSA, which means precisely nothing except I wake up in the middle of the night doing pointless math problems in my head:)
A full time investor in stocks, bonds, options, and real estate who previously worked as a financial/investment journalist/analyst. Previous industry stints include privately held SageOnline Inc. - where he held multiple positions - as well as Multex.com, acquired by Reuters, where he was an equity research editor. Aloisi is a cum laude graduate of Penn State University, currently residing in native South Central Pennsylvania with his wife and 2 children.
Income investing has become his focal interest due to the challenges that the ZIRP environment presents. Not an advocate of any single portfolio strategy, he promotes a "go anywhere" philosophy predicated on value, forward thinking, sustainability, and personal objectives. While the past may be instructive, Aloisi cautions on over reliance.
In his free time he likes to talk politics, play the piano, garden, and go antiquing. Mr. Aloisi was recently elected to a 4-year term on his local school board, garnering the most votes out of 6 candidates.
Brad Thomas is a research analyst and he currently writes weekly for Forbes and Seeking Alpha where he maintains research on many publicly-listed REITs. In addition, Thomas is the Senior Analyst at iREIT Forbes and Editor of the Forbes Real Estate Investor, a monthly subscription-based newsletter.
Thomas has also been featured in Forbes Magazine, Kiplinger’s, US News & World Report, Money, NPR, Institutional Investor, GlobeStreet, and Fox Business. He was the #1 contributing analyst on Seeking Alpha in 2014 (as ranked by TipRanks) and he is currently writing a book on the legendary investor Donald Trump.
Thomas has co-authored a book (The Intelligent REIT Investor) that is available on Amazon.
Thomas received a Bachelor of Science degree in Business/Economics from Presbyterian College where he played basketball. He resides in South Carolina with his wife and kids.
I am a reformed and recovering management consultant who, through multiple client engagements, applies deep exposure to the upstream and midstream oil and gas industry to create a picture of where these businesses will be in the next two years. With a background in both engineering and finance, I approach investing through a quantitative value approach for the medium and long term horizon.
The investment return profile looks to generate anywhere between 25 and 250 percent within a 12 to 36 month window and minimizes risk by focusing on businesses whose equity is liquid, and are large enough to allow a significant placement of investment assets (generally businesses with total enterprise values in excess of $250mm). The key elements of my investment style are:
1. Is there even the slightest chance the company is going bankrupt? If not, I just stop. I want stuff I can hang on to for long periods without significant risk.
2. Are the managers real artisans in their fields or have they fallen prey to the two most common corporate diseases: (a) their professional management activities are more important that the growth of the company or (b) their skills as financial engineers building masterpieces of leverage are more interesting to them than running a boring business. If not, I just stop. I want people running my investment that I can trust. Included in this category is skin in the game… they better own some measurable percentage of the business so that their own personal fortunes are tied up in it.
3. Is the business they are in one I could explain in under 30 minutes to my 10 year old son? For example, they suck natural gas out of the ground and sell it to whomever will give them the most for it. If not, I just stop. I want stuff I can understand without twisting my brain into a pretzel.
4. Do they build and/or sell stuff that during times of economic recession are truly discretionary items? If they are, I just stop. I want stuff that makes/sells things people need rain or shine.
Fundamentally, I believe self-directed investors can use their own experience and powers of understanding to make exceptional investments on their own, without turning to the professional investment advisory community... and obtain a much better return profile on their assets in the process. I like discovering value, whether because of cyclical down-on-hard-luck stories or secular growth stories and highlighting why I believe they are so.
Patience, low investment position turnover, true understanding of real value of a business, and the power of geometric compounding are the things for which I strive.
Semi-retired CPA. 55 years old. I am steadily relying on my investment income for retirement. My practice is slowly fading away and is a means to pay my health insurance and medical expenses.
Started investing thru my mother's account at age 14. I owe so much to my mother who taught me so much about investing. She had me keep her charting up for her. She had me watching the ticker on TV when it became available to the masses. I learned company ticker symbols using California 3 letter license plates in a game we would play whenever we drove anywhere. I learned her investment philosophy which was based on long term charting of stocks that had remained dormant for years hoping they were on the verge of breaking out to the upside. She was very successful using this methodology.
My mom had me sitting with her watching the old Wall Street Week, Agronsky & Co., Washington Week, Nightly Business Report, etc. I started out understanding next to nothing in the beginning but gradually began to understand everything. She emphasized importance of understanding the interrelationship of the economy and government because government could make or break your investments.
Our investment philosophies ended up being so different but I rely on that solid core I learned in those early years for so many things even to this day.
My focus is constructing a portfolio of solid total return investments. Too many investors focus on high income at any price or high risky income because they did not accumulate enough assets to lower their risk profile and desperately need or want a desired level of income and are taking way too much risk to get it. We all need income to live in a retirement time frame much longer than anyone could have expected when we were all young. We also need a greater measure of capital growth because life's highest expenses may be in our future and our assets must keep up with the higher cost of living in the future.
I was smashed to pieces like so many in late 2008. Had to lick my wounds and figure out how to move forward. I read an article by Prof. Timothy Considine (then at Univ of PA) in late 2008/early 2009 about the future of energy and I completely bought into it choosing the MLP space as the primary focus believing in an eventual recovery of MLPs but more importantly the story that 25 years of incredible infrastructure growth lay ahead and the MLPs were best suited to perform that service so the E&Ps maintain their capital for exploration and production.
Still licking my wounds I focused on the MLP sector in general believing in a general recovery meaning all boats would rise which they did. BUT, there comes a moment and I learned this from my mother, there comes a moment where the general part of a recovery must give way to an intense focus on the very best companies within the industry you believe in. So I moved from a general focus to specific best of breed MLPs. I chose based on an understanding of each MLP's asset map and future potential to build out. I focused on organic growth over acquisition growth because Wall Street has destroyed so many companies over the years playing the acquisition game. Prof. Considine's thesis of a long term infrastructure build out meant you had to choose companies with the financial firepower (balance sheet) and asset map that allowed for much more organic growth than competing MLPs whose history was more reliant on higher cost acquisition growth.
In this zero interest rate environment many sub-par MLPs could prosper but the trick was to find the best of breed that could prosper in a normalized interest rate world which is the next chapter in our economy. I also focused on MLPs that were starting to jettison their GPs. MMP was the first and they paid 11x ebitda to buy out their GP. BPL and NRY were among the last to buy out their GPs and paid 23-26x ebitda which was crazy and an indication of how late they were to the game. MMP has prospered big time while the latter two MLPs have faltered in large part because they paid too much and waited too long to buy out their GPs. I bought MMP when they made the announcement. Wall Street analysts were skeptical about MMP's move and thought 11x ebitda was too much to pay. These same analysts thought paying 10x ebitda for a pipeline acquisition was reasonable but understand they get a lot more fees from the latter than the former. I knew I was on to something very good and have a large portion of my assets in the MLPs that bought out their GPs.
So to boil it down I have MLPs as core and absent tax law changes will be a major factor in my retirement plan. I also own a few best of breed BDCs and some common stock with good dividend payout histories and histories of good growth in dividends.
I used the 2008/9 crash to convert my IRA to a ROTH. My first transfer out of my traditional IRA was AAPL at $167; sold in my ROTH for $596. My mom always said use tragedy and adversity to your advantage an converting to a ROTH was my greatest leap of faith.
When I was younger I did very well in growth stocks without dividends but I have reached an age where I do not want to work as hard as I have worked so I do not have that same salary backup behind me that allows for taking that level of risk. However my risk portion of the portfolio is more measured with stocks like AIG, LCC, and WMB.
I am an HNWI. Not meant to brag, simply to state that I have accomplished my dream and enjoy responding to SA writings to give some wisdom from lessons learned, ideas for what to look for in (specifically) MLP investments, and in the case of Mreits hopefully get a few people to understand they must start learning about interest rate cycles in order to successfully play the cycle. I dumped all Mreits in NOV 2012 because I could see the winds of change that very much paralleled the GNMA and GNMA fund breakdowns in the 1980s. When the time comes I will begin looking at bonds and preferred again because the cycle will eventually reach that point where it will make sense to own bonds and preferred but not yet.
Dave Fish is Executive Editor for The Moneypaper and co-manager (since 1999) of the MP 63 Fund (Symbol: DRIPX), a fund that invests exclusively in companies that offer Direct Investment (or Dividend Reinvestment) Plans. He is also the author of the U.S. Dividend Champions spreadsheet (and PDF), which is updated at the end of each month...and lists companies that have increased their dividend payout for at least 25 consecutive years. (Separate tabs list "Contenders" that have increased their payouts for 10-24 years and "Challengers" that have increased their payouts for 5-9 years.) http://dripinvesting.org/Tools/Tools.asp
Cyrus runs an investment research house called CM Research, based in London. He is a TMT sector strategist with twenty years of expertise in the telecom, media and technology sectors. He was formerly with Nomura and PricewaterhouseCoopers.
He is also the author of "City of Thieves", the bestselling banking thriller novel published in the UK by Little Brown Book Group.
Institutional investment manager authoring on a variety of topics that pique my interest, and could further discourse in this online community. I hold an MBA from the University of Chicago, and have earned the CFA designation.
My articles may contain statements and projections that are forward-looking in nature, and therefore inherently subject to numerous risks, uncertainties and assumptions. While my articles focus on generating long-term risk-adjusted returns, investment decisions necessarily involve the risk of loss of principal. Individual investor circumstances vary significantly, and information gleaned from my articles should be applied to your own unique investment situation, objectives, risk tolerance, and investment horizon.
I call myself the Random Investor because I don't intend to limit myself in any way. I choose stocks to review the way I choose books to read (and I read A LOT) - whatever catches my eye. Might be an interesting piece of news, might be a product I like, might be I like the competition, could be something Cramer said. (I like him on Squawk on the Street, not so much on Mad Money.)
Full disclosure: I have no positions in any individual stocks and do not intend to initiate any in the next six months.
The Jaded Consumer (pseudonym) has master's and doctorate degrees in fields related to health policy and policy analysis, and routinely assists small businesses operating in fields characterized by complex or uncertain regulation. TJC believes that an investment produces enduring returns when backed by compelling reasons that profitability and competitive position can be maintained over time in the face of competitors eager to succeed in the same markets. TJC views real-world markets as ordinary human institutions subject to common mistakes and fears, and is eager to invest in companies whose businesses appear to be widely misunderstood in ways that discount their apparent future performance.
Eric Parnell, CFA, is the Founder and Director of Gerring Capital Partners. Gerring Capital is a registered investment advisory firm seeking attractive returns opportunities emphasizing value, quality and risk control. Eric also publishes The Universal premium service on Seeking Alpha targeting winning strategies in bear and bull markets across the asset class universe. Gerring Capital implements these strategies for its investors and then Eric discusses them on The Universal. Eric is also a Visiting Instructor at Ursinus College in the Department of Business and Economics. Prior to founding Gerring in 2005, Eric was the Director of Investment Communications at SEI Investments and an Economist at Moody’s Analytics.
I am an individual investor and the author of seven eBooks on dividend growth investing. I try to help self-directed individual investors profit from stock investing. I contribute articles and studies to both Seeking Alpha and Daily Trade Alert. I hold an undergraduate degree in physics from Holy Cross College and a JD from Georgetown University. My wife Sue and I live in beautiful Canandaigua, NY.
David White is a software/firmware/marketing professional and a long time investor. He has worked in the networking field, the semiconductor equipment field, the mainframe computer field, and the pharmaceutical/scientific instrumentation field. He has bachelor's degrees in bioresource sciences and biochemistry from U.C. Berkeley. He is a former Ph.D. student in biochemistry. He has done significant graduate work in EECS and business at Stanford (through SITN) and UC Santa Cruz. He was awarded a Certificate in Advanced Software Systems (about 1/3 of an MS in EECS) by the Stanford Computer Science Department. He also took most of Stanford's undergraduate Computer Science curriculum.
Copperfield Research is the pseudonym of a research team focusing on publicly traded equities. As of the publication date of our articles, we may have long or short equity positions in the companies covered. We do not discuss unpublished reports, or provide any advanced warning of future reports to others. Due to the danger of retaliation, our reports are written under a pseudonym. Please read our Disclaimer on the front page of every opinion piece before reading any of the material.
Roger Conrad needs no introduction to individual and professional investors, many of whom have profited from his decades of experience uncovering the best dividend-paying stocks for accumulating sustainable wealth.
Roger Conrad founded and ran the Utility Forecaster and Canadian Edge newsletters before leaving to form his own publishing company, Capitalist Times (www.CapitalistTimes.com). During his almost 30-year tenure at Utility Forecaster, Hulbert Financial Digest routinely ranked the publication as one of the best investment newsletters.
His new publication, Conrad’s Utility Investor (www.ConradsUtilityInvestor.com), continues his in-depth coverage and analysis of more than 200 essential-services stocks, primarily utilities and telecoms. Roger Conrad is also an expert on master limited partnerships (MLP) and the Canadian energy sector, which he covers for Energy & Income Advisor (www.EnergyAndIncomeAdvisor.com).
He’s also an independent trustee of Miller/Howard High Income Equity Fund and the author of Power Hungry: Strategic Investing in Telecommunications, Utilities and Other Essential Services. Although he spends a good deal of time in front of a Bloomberg terminal or reading 10-K and 10-Q reports, he’s also an avid outdoorsman and baseball fan.
The masthead may have changed, but readers can count on Roger to deliver the same high-quality analysis and rational assessment of the best dividend-paying utilities, MLPs and dividend-paying Canadian energy names.
Arsene Lupin is a technology professional in the internet & social media spaces, with an interest in finance. He has experience in both big company and startups, and a PhD in science.
I am a 32 yr old San Diego-based, private investor always looking for new investments. I like boring companies no one cares about and I just wait for the price to make sense. All of my most successful investments have been the easiest. I read about 6-8 hours a day, mostly investor relations websites and news. I use no financial modeling other than looking at financial statements and crunching a bunch of numbers in my head. I pride myself on efficiency, so I have taught myself to analyze businesses extremely quickly with just a few simple questions. I find merger arbitrage to be a great way to generate additional returns when I carry excess cash.
I am a scratch golfer who gets into plus handicap territory if I play a few times a week. I enjoy beaches, vacations and skiing. Life is pretty good.