Former sell-side media, consumer and internet research analyst for 15 years. Why the pseudonym Lord Baltimore? He was a famous native american scout in the late 1800's as well as an intense character in Butch Cassidy and The Sundance Kid who relentlessly tracked the two heroes. (A 1970s heavy metal band was similarly inspired by the film character in selecting its name.) I view investing a lot like tracking. It is a process of putting together clues found along a trail to determine the path of the target, which in this case is attractive investments - long or short.
Former buyside analyst now running my own fund. Things to know:
1) I research a lot of companies, but invest in very few. My goal on SA is to provide analysis, particularly of small and underfollowed companies, that readers can use as a starting point for their own research. When you read my articles, please understand that I try to present a high-level look. It's up to the reader to determine if it's the sort of situation that is worth monitoring. Note that I usually try to err on the side of conservatism, so just because I'm not enthused by a particular investment candidate doesn't mean you shouldn't be.
2) I appreciate comments whether you agree with me or not - especially in cases where I might be wrong, I'd like to know why! If you happen to be a particular expert on a topic and are interested in discussing it further, please shoot me a direct message. I would love to chat. Or if, you know, you're just a lonely value investor who wants a friend. Jokes aside, I've made lots of great friends through SA and am always open to talking.
3) If you enjoy reading my work, in no particular order, you might also enjoy reading fellow SA authors Vince Martin, Stephen Simpson, Brendan Rose, Brian Grosso, Bumbershoot Holdings, Adib Motiwala, Jeremy Raper, Investing 501, and Ted Barac. Most of them have professional investment expertise and the ones who don't are equally insightful. Like Amazon recommendations, not all of these will be perfect, but if you're new to SA, it's as good a place as any to start!
All the usual disclaimers apply... articles are provided for entertainment purposes only, interpret everything as opinion rather than fact, do your own due diligence, this is not an offer to sell securities, forward looking statements are not made using a crystal ball, etc. Most importantly, I will reiterate that everything I write is an opinion; analyzing stocks is inherently subjective and two reasonable people can come to different conclusions.
I'm the managing editor for Seeking Alpha PRO, and work on the daily publishing of PRO as well as developing the PRO product and related high-quality content initiatives. I joined the SA editing staff in September 2012, having formerly been a contributor to Seeking Alpha. Please feel free to contact me via direct message.
Born and raised in the USA, graduated with a degree in Finance then worked at a multi-strategy global hedge fund for about 4 years analyzing stocks all over the world. In 2007 I left the USA and moved to China to study Chinese and start a business. Now, I am the CEO and Co-founder of eFin which provides wall street level research to main street investors via a proprietary algorithm. Our eFin scoe that takes into consideration hundreds of factors to provide the best period of time to make an investment in a stock.
Nevertheless, my experience working at the hedge fund and running my own business has improved vastly my investment making decisions. I believe Warren Buffett said it best “I am a better investor because I am a businessman and a better businessman because I am an investor”. I have had my share of busts and winners and have gotten wise enough to always look at both sides of every investment no matter how negative or optimistic the situation is.
I am an independent investor. My investment philosophy stems from the teachings of Benjamin Graham, Warren Buffett, Charlie Munger, Seth Klarman, Philip Fisher, and Peter Lynch (among others). I tend to favor quality stocks with favorable future prospects that can be acquired at reasonable or cheap prices.
Please note the following disclaimer which applies to all of my writings on Seeking Alpha:
Disclaimer: This article provides opinions and information, but does not contain recommendations or personal investment advice to any specific person for any particular purpose. Do your own research or obtain suitable personal advice. You are responsible for your own investment decisions.
Alanna Harding is a freshman Finance and Economics major in the Smeal College of Business of Penn State from Williamsport, PA. She currently serves as the Associate Analyst of the Telecommunications Sector in the Nittany Lion Fund, a $7 Million student run hedge fund.
A recent Chemical Engineering Graduate of Ohio State University with ~ 1 year experience in the oil and gas industry. I am a part time investor focused on fundamental company earning analysis and insider trading to determine stock value.
Although I like to focus on small-mid cap companies
For the past ten years I have managed Maple Tree Partners L.P a fund focused on small and mid-cap equities in the media and telecom services industries.
Prior to that I was a Partner at Goldman, Sachs & Co, where I worked for 16 years as an analyst covering media and telecom stocks, and managed the Communications Group in the Investment Research Department.
I have an MBA from the Wharton School, and a BA from Brandeis University.
I apologize to investors who follow my articles, but I no longer expect to submit the newer articles that I had previously mentioned as forthcoming. I don't currently plan to resume any involvement with SA, though that may eventually change, if the site ever implements/enforces deterrents to web stalkers. So, for now, I only publicly share opinions on stocks via Twitter, StockTwits, etc. The rest of what follows is my normal profile, so that I won't have to rewrite it, should I ever continue posting on SA. Best of luck investing. Cheers.
I run a small family office managing long-term equities portfolios and special projects extending beyond the capital markets. I'm fortunate to have worked for a NYSE-traded financial firm for the decade through 2010, but I'm not an adviser, my articles only share my investing actions/opinions, and are not investment advice.
The proof is in the pudding, so following are total equities portfolios returns from the most recent five years: 2012 +32%, 2013 +52%, 2014 +11%, 2015 YTD +9% (all holdings pay dividends/distributions, but those percentages only include capital gains). Portfolio returns are moderating as expected, since most positions were rebuilt/opened 2010-2012 at extreme undervaluation levels, yet only a few new positions have been opened in the last few years at modest undervaluation levels. I also trade around all positions for short-term profits, but I don't include trade gains in portfolio returns, and my articles are only about long-term investing.
My investing career started in the 1980s, and transitioned to full-time by 2010. I only list returns from 2012 because that's when I became most active on SA, and calls can be verified here. For 2008-2011, my focus was shorter-term trades, which made annual returns harder to tally, so without wasting time backtracking, I can only say that returns were satisfactory. For most years prior, I was a blue-chip-only, buy-and-hold guy, which also worked well, so I still own most of those holdings separate from our actively-managed portfolios.
We have over 60 years of investment analysis experience. We have published investment research from the perspective of the buy side and the sell side. Our work has been used by institutions managing over $1 trillion in aggregate. We have published reports from both the long and short perspective and have worked with the largest short selling mutual fund in the world. We are long term value investors. It is our belief that, contrary to popular opinion, most individual investors and patient professional investors have the best opportunity since the beginning of our investment career to beat institutional and mutual fund managers in terms of risk adjusted performance. The "Information Arbitrage" advantage institutional investors have had is mostly eliminated, while the individual investor still can maintain an edge with "Time Arbitrage". Our goal is to provide institutional quality buy side articles that educate and stimulate investors in the hope of improving their returns. We also are willing to mentor young analysis who wish to improve their analytical skills.
Motto: I invest in undervalued (i.e. cheap) well-established companies trading at a below market multiple.
The companies that I invest in are large stable companies with proven track records. My goal is the highest total return possible with the least amount of risk.
Professional Background: I am a healthcare practitioner with extensive experience in the pharmaceutical sector. I have a passion for investing honed over the past twenty years through various market cycles.