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  • My 5 Summer Stock Market Flings For 2013 [View article]
    "average expected value"

    Ha! Ha! Hahahahahahahahaha.

    Ha! Ha! Ha!
    Apr 20 09:22 AM | 1 Like Like |Link to Comment
  • Put Yourself In A Position To Welcome A Stock Market Correction [View article]
    haha, elder rothschild would have the SEC on his tail in a new york minute if he tried the waterloo scheme today
    Apr 18 09:16 PM | Likes Like |Link to Comment
  • Manitowoc Can Give A Portfolio A Lift [View article]
    Hah, this is a serendipitous article. I'm here in Boston, and Tuesday, I was out looking over the Boston Harbor trying to make sense of things after the attack. Over a few hundred feet from me was a Manitowoc crane lifting and moving, lifting and moving some dredging (I think). A massive, mechanical beast. It was beautiful.

    We build things like this, and no bombs, no terror campaign can ever keep us from it. We'll just keep building, and creativity is a far greater force than blind destruction. It was a powerful few minutes for me.
    Apr 18 09:11 PM | 1 Like Like |Link to Comment
  • Value Plays In China: China Yuchai [View article]
    Many Chinese companies are shambolic, helped along by the PRC's negligence in policing fraud and financial mis-reporting. I'm not interested in anything from mainland China and advise others against investing there until the government does something about the many scamsters defrauding investors abroad. Anyone investing in these companies should use very scrupulous analysis.

    Hong Kong is a different story.
    Apr 17 07:34 PM | Likes Like |Link to Comment
  • Precious metals continue lower in volatile trade this evening, gold (GLD) off another 1.3% to $1,343/oz., and silver (SLV) tacking on another 3.3% in losses to $22.57. WTI crude oil slides 2.4% to $86.60/barrel. Stock index futures, however, show signs of a rebound, the S&P 500 (SPY) +0.3% and Nasdaq 100 (QQQ) +0.5%[View news story]
    He also bought nearly 130,000,000 ounces of silver some years back...
    Apr 15 11:47 PM | 4 Likes Like |Link to Comment
  • Gold: The Fear Bubble Bursts [View article]
    Hah. I like collecting old silver coins and do keep an eye on the silver spot prices, but anyone who has any more than 10% of their vested dollars in metals (and that is quite a lot) has been courting something like this for a few years now. This may be the moment many people realize -- hey, American capitalism might last a few more years.

    Meanwhile, I don't think the stock market is particularly expensive right now. It's perhaps on the higher side of fairly valued, but I'm still digging up plenty of reasonably priced companies.

    Maybe today is the day we say, "off to the races."
    Apr 15 07:19 PM | 4 Likes Like |Link to Comment
  • Why Medical Marijuana Inc. Has Lost Its Buzz [View article]
    Uh huh. Speaking of heads, perhaps you might see a proctologist about dislodging yours.
    Apr 15 06:23 PM | Likes Like |Link to Comment
  • Why Medical Marijuana Inc. Has Lost Its Buzz [View article]
    What the hell are you talking about?
    Apr 15 07:19 AM | Likes Like |Link to Comment
  • Consumer Staples: Like Apple At $700 Or Gold At $1900 [View article]
    Yeah, value in small and midcaps is out there; healthy companies are selling at five times earnings. I'm giving IPAR a good close look right now.
    Apr 14 09:07 AM | Likes Like |Link to Comment
  • Why Medical Marijuana Inc. Has Lost Its Buzz [View article]
    Oh I'll just come out and say it, because Alan and the others are being too polite to a bunch of hanger dodgers who don't know how to behave:

    This company is a fraud, you will lose your money, you deserve to lose your money, and it will be hilarious when it happens.
    Apr 14 07:19 AM | 5 Likes Like |Link to Comment
  • Consumer Staples: Like Apple At $700 Or Gold At $1900 [View article]
    Recently backing up the truck on silver and AAPL.
    Apr 14 07:08 AM | 6 Likes Like |Link to Comment
  • Lorillard's Saving Grace [View article]
    it's kind of implied tho innit
    Apr 11 07:58 PM | Likes Like |Link to Comment
  • Lorillard's Saving Grace [View article]
    The comment upthread is right, the tobacco industry has been declining in America for many years now. Greyer skies ahead for the domestic market as the fed tax is going up another $2, and menthols in particular as it's true that an FDA report is imminent. There's a world of smokers out there, however.

    Tweedy Browne have held onto Phillip Morris Int. for the Global Value Fund for a long time, and they scale in and out of it. Value investors should (and often do) love cigarette stocks because the continual threats of legislation and taxation often depress the valuations, while the nature of the product is such that the cash flow of these companies can defy belief, and they tend to be generous to shareholders. I've been in and out of Lorillard for a long time, with kind of a love-hate relationship. Love because it performs well in all weather with a humdinger of a dividend, hate because it's just such an ...amoral... holding (I do pride myself on being an ethical investor). If it was Lorillard Lollipops and posted the same numbers with the same consistent returns, I'd probably have a very sizable holding.

    Unbelievable moat for their product -- if you know a menthol smoker, chances are they smoke Newports.
    Apr 10 07:26 PM | 3 Likes Like |Link to Comment
  • Ford: 5 Reasons Why This Stock Is A Buy [View article]
    Nice analysis, thanks for it.

    People are gunshy a little bit about the market as a whole, even as it continues to go up. My feeling is that if this rally continues into 2014, we will see Ford approach slightly more "efficient" valuations if it maintains its impressive recent profitability. It might take a quarter or so of it trading at 7 or 8 p/e, but people will eventually catch on that Ford came out of the market crash a different company than it went in as. If the bull continues to run, people will eventually begin to forget their skittishness. Too, I don't think it's too much to imagine that overblown fears about Europe and the pension are holding the share price down.
    Apr 10 06:43 PM | Likes Like |Link to Comment
  • Ford: 4 Reasons Why This Stock Is A Strong Sell [View article]
    It just now occurred to me that Ford Credit's low borrowing rate is almost an asset of itself. Low Fed interest rates giveth and taketh away, it seems -- the low rate is making a mess of their pension situation right now... but they'll still be borrowing at that basement 3% until around 2040!
    Apr 10 05:52 PM | Likes Like |Link to Comment