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I started to invest in 2007 and since then I've seen the housing crash the Euro crisis and now the great QE debate. From what I've seen, a buy and hold strategy can work - if you can time the market! But, from my experience, market timing is impossible. I rather focus on companies with strong... More
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  • Diamond Core Driller In The Rough: Drillcon AB

    Drillcon AB (DRIL.STO) is a swedish-based company specializing in diamond core drilling and raise boring.

    It is a small-cap company listed on the NASDAQ OMX First North market.

    Drillcon AB currently trades at 4.7 SEK per share, has a price to earnings ratio (P/E) of 6.4 and has a dividend yield of 3%.

    The largest shareholder of Drillcon (a pension fund) holds 5.5% of the outstanding shares.

    Drillcon AB is growing its revenue, income and dividend and has a solid cash flow.

    Sep 12 9:38 AM | Link | Comment!
  • Vitrolife: A Small-cap With Potential
    On February 7th 2012, Vitrolife AB (STO:VITR) reported their best ever sales in a single quarter.

    Sales have increased for 36 consecutive quarters and have grown ~75% since 2006. Over the same period, net income doubled.

    The current p/e is ~27 and dividend yield is ~1.3%.

    Vitrolife specializes in 3 areas: in vitro fertilization, stem cell therapy and transplantations. They have access to US, European, Middle-east and Asian markets.

    As of Dec. 2011, JP Morgan was one of the top 10 investors in Vitrolife.

    Other information (from: )

    -- Vitrolife was the first company to obtain regulatory approval in China for a whole series of cultivation media for IVF

    -- A study showed that EmbryoGlue®, a product patented by Vitrolife, increases the chances of infertile women having children.

    -- A clinical study showing good results when using STEEN Solution™ was published in a prominent scientific journal. In all more than 100 patients have now received new lungs through the use of STEEN Solution™.

    As an investor with a strong background in the medical sciences, I believe Vitrolife is taking a smart approach to addressing the challenges of in vitro fertilization, stem cell therapy and transplantations. Thus, I would argue Vitrolife is a good investment with long-term potential.

    I am long Vitrolife

    Feb 16 9:44 AM | Link | Comment!
  • t-testing the Case-Shiller
    The Case-Shiller index rose 1.2% in May compared with April. I asked myself today - Is the 1.2% rise due to chance, or are house prices actually rising?

    I downloaded the Case-Shiller excel file and ran paired t-tests comparing the results of 20 cities from February, March, April, and May of 2010.
    Here's the results (mean value):

    February (133.2) v. March (133.1); p > 0.05
    March (133.1) v. April (134.0); p < 0.001
    April (134.0) v. May (134.5); p = 0.011

    In conclusion, the Case-Shiller index has been rising since March and it is very unlikely that this is due to chance... Average house prices in these 20 cities are significantly rising. 

    Disclosure: No positions in US housing
    Tags: Housing
    Jul 27 9:45 AM | Link | Comment!
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