Seeking Alpha
View as an RSS Feed

Tom Au, CFA  

View Tom Au, CFA's Comments BY TICKER:

Latest  |  Highest rated
  • Why Seeking Alpha Recommendations Outperform Mutual Funds And Brokerage Analysts [View article]
    If the Hilary and Shon report is correct, the fault lies with BUY SIDE managers, who reduce the weight they give to subsequent "sell" recommendations, even after the first one is correct. (It should be the opposite.)

    Yours truly was an exception. As a former PM, I gave the higher II ratings to the most bearish analysts.
    Oct 9, 2015. 11:07 AM | Likes Like |Link to Comment
  • Briggs & Stratton 5-Year Bonds A Buy With Close To A 5% Yield [View article]
    Are there any CONVERTIBLE bonds worth looking at?
    Oct 8, 2015. 10:25 AM | Likes Like |Link to Comment
  • SABMiller formally rejects Anheuser-Busch InBev [View news story]
    In some way, shape or form.
    Oct 7, 2015. 02:16 PM | Likes Like |Link to Comment
  • It's A Great Time To Add GE And Forget About It [View article]
    When did GE become a "forget about it stock?"

    It went down to $5 or $6 a share in the 2008-2009 crash, and could do so again if there is another crash.

    It is still a large, complicated, highly leveraged company that bears continual watching, although recent moves make it less vulnerable.
    Oct 7, 2015. 02:13 PM | Likes Like |Link to Comment
  • Post Crash, The Case For The Fall Melt-Up Of 2015 [View article]
    If this really were 2011, I'd buy your idea of a fall "meltup."

    But this is 2015, a very different type of "pre election" year.
    Oct 6, 2015. 08:05 PM | 2 Likes Like |Link to Comment
  • Beware Of A Falling Market During A "Pre Election" Year [View instapost]
    Actually, Truman won the popular vote 49%-46%, with 5% going to Strom Thurmond and Henry Wallace.

    What made it a "cliff hanger" was close races (less than 1%) in Ohio, Illinois, and California with their electoral votes.

    Increase Dewey's vote percentage by 1% across the board, and he would have won the electoral college, while losing the popular vote.
    Oct 6, 2015. 05:16 PM | Likes Like |Link to Comment
  • How Do Dividend Paying Stocks Affect The Value Investing Anomaly? [View article]
    If a high BM stock is a large dividend payer, it is effectively a "bond" of the same yield. If it doesn't pay a dividend, it is like a "zero coupon" bond.

    (The high BM ratio measures the coverage of your "principal.")
    Oct 6, 2015. 02:22 PM | Likes Like |Link to Comment
  • Beware Of A Falling Market During A "Pre Election" Year [View instapost]
    Prior to 2000 (and 2008), the last Presidential year in which the market fell was in 1960, when President Dwight Eisenhower declined to "pump up" the economy to elect his Vice President, Richard Nixon. (The previous time was 1948, when Harry Truman "barely" won re-election.) After 1960, economists of both parties "learned a lesson" (for the balance of the 20th century) and pumped up the economies in election years to try to get their candidate elected. (This was even true of Carter in 1980.)
    Oct 6, 2015. 10:51 AM | Likes Like |Link to Comment
  • This Millennial Is Hoping For A Market Collapse - And You Should, Too [View article]
    If you think this way, you may be the John Templeton of your generation.

    (John Templeton was an investor of the so-called World War II generation, the one most like yours.)
    Sep 29, 2015. 01:54 PM | 4 Likes Like |Link to Comment
  • 3 Things I Think I Think - Angry Old Guys And Low Risk Young People Edition [View article]
    It's a "generations" thing. When Baby Boomers were young, old people were mellow, and young Boomers were angry risk takers. Now Baby Boomers are old, angry, and "risk taking" (for their age), and the risk averse, mellow young people are the modern version of the parents we knew as the World War II generation.
    Sep 24, 2015. 01:14 PM | 4 Likes Like |Link to Comment
  • Chesapeake - Williams Deal Keeps EV/EBITDA Valuation Bull Alive And Well [View article]
    CHK is cheap on "EBDIDA," unless that cash flow is being squandered as it has been in the past.
    Sep 8, 2015. 05:21 PM | 1 Like Like |Link to Comment
  • Exxon Mobil: A High-Quality Oil Stock With A 4% Yield [View article]
    XOM's yield will (probably) widen to 5.0% (like the early 1990s). THAT would be the time to buy.
    Sep 3, 2015. 10:34 AM | 6 Likes Like |Link to Comment
  • Why The Next Crisis Will Be Far Worse Than 2008 [View instapost]
    I hope that you are wrong, and fear that you are right.
    Sep 3, 2015. 10:08 AM | Likes Like |Link to Comment
  • Was Warren Buffett A True Value Investor When He Bought Precision Castparts? [View article]
    Warren Buffett (and Charlie Munger) prefer to buy a great company at a fair price than a fair company at a great price.

    After all, he plans to own it "forever."
    Aug 11, 2015. 08:18 PM | 4 Likes Like |Link to Comment
  • Buying Dividend Growth Stocks Without Looking [View article]
    Did you check the dividend payout ratios on these stocks? How about the ones where the dividends exceed company earnings, and are growing faster? Are they safe?
    Aug 5, 2015. 10:39 AM | Likes Like |Link to Comment