Martin Marietta Materials Inc. (MLM)

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  • commenter
    mkreisel
    Aug 22 05:14 PM
    Sequoia Fund Reopens After 26 Years: A Look Inside [view article]
    Once you include American Funds' sales loads, they no longer outperform. :) Reply
  • commenter
    oldtrdr
    Aug 19 08:03 PM
    My Website
    Sequoia Fund Reopens After 26 Years: A Look Inside [view article]
    archman,

    Perhaps if you'd read the piece a bit more carefully, you'd have seen the part about many of the orginal shareholders dying off, resulting in redemptions. That makes sense to me. Congrats on your returns, though.

    Something else you overlook in your castigation of mutual funds, is that many/most are geared towards a specific market segment, or asset sector. If you managed a fund that was billed as "foreign, large cap", I, as one of your invertors, would be sorely pissed to find out 10% of the portfolio was in US-based biotech microcaps!     Reply
  • commenter
    300mph
    Aug 19 11:56 AM
    Sequoia Fund Reopens After 26 Years: A Look Inside [view article]
    PIA, nice sales pitch. Do you work for CR&M, or did you just cut -and-paste that info. from their website? Reply
  • commenter
    PIA
    Aug 19 09:18 AM
    Sequoia Fund Reopens After 26 Years: A Look Inside [view article]
    Archman82011: Capital Research & Management Co (American Funds) has a 75 year demonstrated history of providing their fund investors with consistently superior long-term investment results.

    You are correct that most fund managers do not 'outperform' comparable 'passive indexes'. But this is clearly not the case for America's largest and most successful long-term fund manager, American Funds.

    By the way, American Funds "advertising budget is zero", expenses are very low, global research and management capabilties are unparalled, and their multiple portfolio coundslor system has been the unique key to providing such outstanding long-term investment returns for their 'active portfolios'. Low turnover is also key with a 3.5 year average holding period.

    See americanfunds.com before you 'throw the babies out with the bath water'.     Reply
  • commenter
    archman82011
    Aug 18 05:42 PM
    Sequoia Fund Reopens After 26 Years: A Look Inside [view article]
    archchanceII:

    Nope. I am not about to tone back the cynicism and take a more measured approach.
    The majority of mutual fund managers are criminals who can only make money in bull markets and who do nothing to preserve a fund holders money in bear markets. There is no excuse as to why these overpaid, educated, MBA types, who all claim to be experts in the field, should lose even close to what the S & P 500 loses in a bear market.

    I do not think I am smarter than anyone, Not you, not anyone. I am just a simple, self employed family man. No MBA, and I do not manage money for a living. I invest only in stocks.
    My 15 yr annualized portfolio return: +20%
    My only losing year: 2002, down -4%
    My YTD return: +5%.

    Why is it "a nobody" like me, can manage my money, and have the sort of returns that 99.9% of fund managers cannot even come close to attaining? Because I have a true vested interest in managing my money and I do not get paid for it, regardless of how the returns are.

    Just ask all the fund holders of the "legendary" Bill Miller how they are feeling today. His fund is exactly where it was back in 1998. I am sure, as he is sailing around in his yacht, counting his hundreds of millions in the bank, he is thinking of all his fund holders...LOL.

    Not.     Reply
  • commenter
    mkreisel
    Aug 18 03:03 PM
    Sequoia Fund Reopens After 26 Years: A Look Inside [view article]
    How did SEQUX perform during the 73/74 bear market? Reply
  • commenter
    Think-About-
    It
    Aug 18 02:10 PM
    Sequoia Fund Reopens After 26 Years: A Look Inside [view article]
    After all the great lead up I was expecting to see some interesting, market-beating/leading holdings. All I got was 23% Berkshire Hathaway and a bunch of retailers and others tied directly to the fate of the U.S. consumer who is all tapped out.

    U.S centric portfolios like this will not come close to repeating past returns when the U.S. was the world's growth engine. Times have changed. I like concentrated funds but looking at their holdings I come away thinking the Sequoia looks like a "lazy Portfolio" with no vision.

    Also, the founder (who Buffett was refering clients to) has passed away so where's the appeal? How did Magellin do after Peter Lynch left? How will Berkshire do after Buffett passes on?

    I'll pass.
    Reply
  • commenter
    Archchancell
    or
    Aug 18 02:01 PM
    Sequoia Fund Reopens After 26 Years: A Look Inside [view article]
    It's hardly breaking news that fund managers want more money managed at one time so that their paychecks are larger. That does not mean that they don't care about the fund's performance or that they do not see opportunity in the market. Funds only stay large if people keep their money in them and they maintain or appreciate capital value. Bad fund performance is bad for short-term manager paychecks and long-term fund asset value.

    Furthermore, mutual funds are not universally "the worst possible investments out there" - it's simply a bet that an investment professional can get a return ~1% higher than you could on your own (that 1% representing the management fee). Maybe they can, maybe they can't, but it certainly has some merit and may be worthwhile in certain cases. I can think of far worse investments.

    @archman82011: Tone back the cynicism and take a more measured approach.     Reply
  • commenter
    archman82011
    Aug 18 12:14 PM
    Sequoia Fund Reopens After 26 Years: A Look Inside [view article]
    I agree with the above poster.
    But lets get to the "real" reason the fund is re-opening.
    The fund has had big outflow net redemptions over the past few years and the greedy "asset gathering" management does not like to see their paychecks shrinking.
    So what they do is say to the public "We see so many opportunities out there, we want more cash to make buys in the market"

    LOL. What a crock.

    These people, like all mutual fund managers are asset gatherers who make money on the amount of assets they manage, not on their returns.

    Mutual funds are the worst possible investments out there and if someone does not have time to manage a portfolio, they should be invested in extremely low cost ETF's and that's it.     Reply
  • commenter
    User 81960
    Jul 22 12:56 AM
    It's Not Easy Being Evergreen - Cramer's Lightning Round (7/9/08) [view article]
    THANK YOU FOR BEING AND INVESTOR OF =ESLR=.
    ESLR== JUST WON A BIG CONTRACT WITH GERMANY MAKING SOLAR PARTS FOR THEM.
    THE CONTRACT WAS FOR $I.3 BILLION DOLLARS.
    IT WILL TAKE THE END OF THIS YEAR AND INTO 2009.
    BUT =ESLR= PROFITS SHOULD GO MUCH HIGHER.
    I'AM BETTING ON =ESLR= LIKE YOU.
    I JUST BOUGHT 1,000 SHARES OF =ESLR= @ $9.80 SHARE AND I WILL CONTINUE TO BUY THEM UNTIL THEY REACH THEIR HIGH AGAIN OF $18.90 A SHARE.
    SOLAR INVESTOR OF =ESLR=.


    On Jul 10 08:45 AM valuestockso nly wrote:

    > He always has an agenda as with Sirius. I do not trust him. I will
    > continue to buy ESLR on ANY weakness.     Reply
  • commenter
    User 120850
    Jul 19 11:48 AM
    It's Not Easy Being Evergreen - Cramer's Lightning Round (7/9/08) [view article]
    How does COP compare with XOM? Reply
  • commenter
    Scootter
    Jul 10 11:39 AM
    It's Not Easy Being Evergreen - Cramer's Lightning Round (7/9/08) [view article]
    Is FSLR about to make a bid for SOLF (very cheap now)! Reply
  • commenter
    The Grimm
    Reaper
    Jul 10 10:31 AM
    It's Not Easy Being Evergreen - Cramer's Lightning Round (7/9/08) [view article]
    OFFICE DEPOT:
    New end of year projections: Projected close at $3.80per share for year end 2008.
    OFFICE DEPOT HEADLINES:
    Crisis in the Business Solutions Division (BSD)
    Office Depot's contract delivery division resposible for 52% of ODs annual revenue is in dire straights. The crisis with BSDin more severe and significant then the declining sales and ROI from the retail division. Currently BSD does about $1.4 billion a year in government contract sales, mostly to state and local government agencies. The largest single OFFICE DEPOT contact is the US Communities/Los Angeles County/Office Depot contract for officeand school supplies, which is valued at $700 million annually.
    In April an ex-senior account manager with Office Depot BSD came forward as a whistleblower, with allegations that Office Depot was engaged in systematic schemes to overcharge and defaud government accounts to amounts in excess of $70 million per year. The states of NEBRASKA, GEORIA, NORTH CAROLINA AND CONN. issued scathing audit reports with NEBRASKA AND GEORGIA cancelling the contract with Office Depot. After the whistleblowers presentation to the ATTORNEY GENERAL of the STATE OF FLORIDA, the Attorney General ordered his elite Economc Crimes Division to immediately open a wide ranging FRAUD investigation of OFFICE DEPOT and its government contracts.

    Presently the investigation in ongoing, as other audits and investigations are popping up across the country concerning Office Depot's contract businss with government agencies.

    OFFICE DEPOT i required by law to report and dsclose these significant cotigent labilities in their financial statements. By not disclosing how these events can material effect the value of the company, is injurious to the stockholders and investors. THE SECURITIES AND EXCHANGE COMMISSION, should soon be investigating the lack of disclsure by Office Depot.

    THIS WILL BE THE WORST PERFORMING STOCK OF 2008, AND WILL HAVE A HIGH PROBABILITY OF BEING CONSUMED BY A VENTURE GROUP AS THE STOCK CONTINUES TO DECLINE AND INVESIGATIONS MOUNT.     Reply
  • commenter
    valuestockso
    nly
    Jul 10 08:45 AM
    My Website
    It's Not Easy Being Evergreen - Cramer's Lightning Round (7/9/08) [view article]
    He always has an agenda as with Sirius. I do not trust him. I will continue to buy ESLR on ANY weakness. Reply
  • commenter
    rana
    Jul 10 08:34 AM
    It's Not Easy Being Evergreen - Cramer's Lightning Round (7/9/08) [view article]
    i just wonder if anyone here follows cramer.
    i used his picks as a contrarian. it always seems to me that he is picking longs at the highs and shorts at the bottom.
    2 years back i saved tons of money on CEPH using his advice. when he said to buy when the stock went to 80 i ran to the hills and it took a nose dive.
    it also seems to me he is like day trader. one day he says FSLR is huge buy, next day he says CEO sells tons of shares so we don't like FSLR, few weeks go by and again he loves FSLR.
    i wonder if someone is calculating his returns - it will be very interesting to see if he's in the green or if he's a consistant loser.
    Reply
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