Navidea Biopharmaceutical Undervalued Approaching FDA Decision [View article]
I'm very disappointed with NAVB stock price movement dince FDA approval, but am not down on Navidea's future prospects. These biotechs can be real head scratchers sometimes.
4 Undervalued Stocks To Buy And Hold For 2013 [View article]
With about 6 months since this article was published, a review shows all four picks doing very well. At the moment, I view BBBY as fairly valued, NUE a bit ovewrpriced, and despite their big runs, BAC and F are still undervalued. I'd welcome any thoughts on these 4 picks going forward. Thanks!
Fannie Mae And Freddie Mac, Short-Term Trade Or Deep Value Investment? [View article]
Well, looks like I should have held on to my FNMA shares. Bought at .52 cents, sold at $1.04, and now looking at $1.83. Nice run for FNMA and FMCC. Oh well, can't win 'em all.
4 Speculative Stocks For The Aggressive Investor In 2013 [View article]
Trader2012. thanks for your comment, but I'm not "pumping" anything. Biotech stocks are difficult to predict, and even if you do firmly believe that the candidate drug will receive FDA approval and be marketed succesfully, there is no guarantee the stock will move up, as evidenced here. I've been extremely disappointed in the NAVB stock movement since FDA approval, but I am not down on Navidea as a company. In fact, I'm pretty disappointed in the performace of all of my picks here, with the exception of FF. But that's why I classified these four picks "speculative". My four "buy and hold" for 2013 picks (http://seekingalpha.co...) have performed much better than these have, so overall, not too bad if I say so myself.
Jamie Dimon is not a megalomaniac. After all, it's not bragging if you can do it, right? Dimon has proven beyond a shadow of a doubt that he is the best bank CEO is America, if not the world. Of course the London Whale loss was a big one, but it was nothing more than a speed bump compared to the meltdown suffered by other banks just a few years ago - a near depression that Dimon navigated JPM through without missing a beat.
Dimon has done a trememndous job at JPM and has consistently delivered enormous profits to the company, provided jobs for tens of thousands of people, and created incredible value for shareholders - even in the quarter in which they wrote off the London Whale loss! His leadership is exactly what we seem to be missing in Washington DC these days, which is perhaps the reason he has so many policial enemies.
And besides, given what's in the news today about IRS political intervention and the mstakes made in Benghazi, who are our politicians to be pointing fingers atanyone? IMHO, if one wants to see some REAL megalomanics, one needs only look south of Wall Street down in Washington DC.
Anyone foolish enough to say "we hardky knew ye" about Jamie Dimon leaving is obviously NOT a shareholder. Short perhaps, or maybe just a left wing political stooge, but not a true shareholder. No shareholder, myself included, wants Dimon to leave JPM. The fact that he's attraced so many policial enemies show you just how good he truly is.
Is Ford's 13% Pullback A Good Entry Point? [View article]
I'd have to agree with Jobu37 on the resale values. My company is turning in their fleet cars (Fusion, Taurus and Escape) earlier than ever because the resale values are so high. As for the cars themselves, I LOVE my 2012 Taurus, and can't wait to see the 2014 model.
Invest In The Surging Buybacks Of American Capital [View article]
Yblarr, I tend to think that, regardless of what the company says, the "buyback vs dividend" stance will last only as long as their tax offsets last. Once the tax offsets are used up, they will switch back to RIC status, which requires profits be distributed to shareholders through dividends. This could still be several years though.
Fannie Mae And Freddie Mac, Short-Term Trade Or Deep Value Investment? [View article]
Gamble is the right word, that's for sure. It's one thing to invest in a company with an uncertain financial future, but when the uncertainty is poltical, that's a completely different story, and depending on Congress to use common sense is just plain crazy. On the other hand, the potential upside is VERY compelling, and may be worth taking a chance on a possible life changing investment. Oh, what to do!
Fannie Mae And Freddie Mac, Short-Term Trade Or Deep Value Investment? [View article]
That is correct, GM and Chrystler formally filed for bankruptcy, which has not happened in the case of the GSE's, and won't happen now that Fannie & Freddie are profitable again. Congress may be able to cancel the common shares, but dgfurr may have a point about the preferreds. Hmmmm!
4 Stocks That Could Be Berkshire's Next Heinz [View article]
Thankas for commenting jimmach123, but I believe Heinz was close to fully valued, as was Burlington Northern when Buffett acquired them, and in both cases, he offered a signficant premium for both companies.
Bank Of America Has Failed Shareholders [View article]
Share buybacks are the best way to return cash to the shareholders when shares are priced at a significant discount to book value, as is the case with BAC. In fact, BAC buying back shares is the perfect example of how and when buybacks should be done. On the other hand JPM, should have increased their dividend much more than they did instead of announcing sich a large buyback, as their shares trade much closer to book.
Another tremendous example of the proper use of share buybacks is ACAS, having bought back tens of millions of shares over the last few quarters at the expense of dividends, resulting in rising share price AND book value.
While a dividend increase would have been welcomed, the best way for BAC to deliver shareholder value is to reduce the shares outstanding at the current discount, which should help get us closer to that $18 share value. Dividends should be increased once the share price trades much closer book value.
What To Do With Your Overvalued Blue-Chip Stocks [View article]
Tim,
I agree 100% with your thesis - I look for undervalued stocks in good companies and put them into two categories - sell when fully valued, and hold forever. My favorite "forever" stocks are KO, BRK-B, MCD, DE, JPM, MMM, GWW, GE, XOM and GD. I also speculate in biotech stocks, but that's another story altogether, lol.
2 Of Buffett's Biggest Bets In 2012 Look Good Here [View article]
Well, one would want to invest in US banks when they have the opportunity to get in very low. I am long BAC at $6 and change, and JPM at $31 change. The Canadian banks are strong institutions and great dividend payers, but they don't come cheap and they haven't been on sale in a while. American banks will begin playing catch up on dividends this year as well.
Good article Bret, and I agree with you 100% on Ford too.
Desperately Seeking Yield Through Equities Redux: Part 1 - BDCs [View article]
Nice article, thanks! I agree with you on ACAS. The biggest reason that the stock trades at a discount to NAV is the fact that they do not pay a dividend. They are buying back signficant amounts of stock instead of paying a dividend while they work off large deferred tax credits. Once their tax credits are used up, they will revert back to RIC tax status and resume dividend payments, which will draw in the income oriented BDC investors. Be patient and buy this stock hand over fist now, and in two years or so, you'll be VERY glad you did. I also like PSEC and their 10% dividend yield - paid monthly too!
Navidea Biopharmaceutical Undervalued Approaching FDA Decision [View article]
4 Undervalued Stocks To Buy And Hold For 2013 [View article]
Fannie Mae And Freddie Mac, Short-Term Trade Or Deep Value Investment? [View article]
4 Speculative Stocks For The Aggressive Investor In 2013 [View article]
Jamie Dimon is threatening to leave JPMorgan (JPM) if stripped of the Chairman role, sources say. [View news story]
Dimon has done a trememndous job at JPM and has consistently delivered enormous profits to the company, provided jobs for tens of thousands of people, and created incredible value for shareholders - even in the quarter in which they wrote off the London Whale loss! His leadership is exactly what we seem to be missing in Washington DC these days, which is perhaps the reason he has so many policial enemies.
And besides, given what's in the news today about IRS political intervention and the mstakes made in Benghazi, who are our politicians to be pointing fingers atanyone? IMHO, if one wants to see some REAL megalomanics, one needs only look south of Wall Street down in Washington DC.
Jamie Dimon is threatening to leave JPMorgan (JPM) if stripped of the Chairman role, sources say. [View news story]
Is Ford's 13% Pullback A Good Entry Point? [View article]
Invest In The Surging Buybacks Of American Capital [View article]
Fannie Mae And Freddie Mac, Short-Term Trade Or Deep Value Investment? [View article]
Fannie Mae And Freddie Mac, Short-Term Trade Or Deep Value Investment? [View article]
4 Stocks That Could Be Berkshire's Next Heinz [View article]
Bank Of America Has Failed Shareholders [View article]
Another tremendous example of the proper use of share buybacks is ACAS, having bought back tens of millions of shares over the last few quarters at the expense of dividends, resulting in rising share price AND book value.
While a dividend increase would have been welcomed, the best way for BAC to deliver shareholder value is to reduce the shares outstanding at the current discount, which should help get us closer to that $18 share value. Dividends should be increased once the share price trades much closer book value.
What To Do With Your Overvalued Blue-Chip Stocks [View article]
I agree 100% with your thesis - I look for undervalued stocks in good companies and put them into two categories - sell when fully valued, and hold forever. My favorite "forever" stocks are KO, BRK-B, MCD, DE, JPM, MMM, GWW, GE, XOM and GD. I also speculate in biotech stocks, but that's another story altogether, lol.
Excellent article Tim, thank you.
2 Of Buffett's Biggest Bets In 2012 Look Good Here [View article]
Good article Bret, and I agree with you 100% on Ford too.
Desperately Seeking Yield Through Equities Redux: Part 1 - BDCs [View article]