phillyslick's Instablog phillyslick http://seekingalpha.com Diamond Core Driller In The Rough: Drillcon AB http://seekingalpha.com/instablog/669483-phillyslick/1064031-diamond-core-driller-in-the-rough-drillcon-ab?source=feed 1064031 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.

]]> Wed, 12 Sep 2012 09:38:09 -0400 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.

]]> Drilling Mining Materials Resources Diamond Vitrolife: A Small-cap With Potential http://seekingalpha.com/instablog/669483-phillyslick/319301-vitrolife-a-small-cap-with-potential?source=feed 319301 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: http://www.news-medical.net/news/20120207/Vitrolife-fourth-quarter-sales-increase-1825-to-SEK-95-million.aspx )

-- 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

]]> Thu, 16 Feb 2012 09:44:49 -0500 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: http://www.news-medical.net/news/20120207/Vitrolife-fourth-quarter-sales-increase-1825-to-SEK-95-million.aspx )

-- 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

]]> quick-picks-lists t-testing the Case-Shiller http://seekingalpha.com/instablog/669483-phillyslick/84001-t-testing-the-case-shiller?source=feed 84001
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]]> Tue, 27 Jul 2010 09:45:48 -0400
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]]> Housing Questions on Gold http://seekingalpha.com/instablog/669483-phillyslick/82079-questions-on-gold?source=feed 82079
"The July 10th-16th copy of the Economist has a lengthy article about gold. Good discussion but they miss one big point. Neither the supply nor demand for gold has changed so why has the price increased? Gold has increased in USD because the USD has dropped. Gold price increases have not done nearly as well in CAD, for example."

After reading the article and seeing that the supply and demand has not changed in the past 10 years, i'm even more surprised and confused by the increase in the price of gold. Has the USD really performed so badly? Or is it that people are willing to pay more for gold as an investment than as jewelery?

I still think that gold is overpriced - I recently read an article on Financial Times that some hedge funds currently hold more gold than some nations - for example Paulson & Co. holds more gold than Australia. As the economist article points out, people are holding gold because of the uncertainty of other financial instruments. I could imagine that as soon as interest rates go up, or some stability returns to the stock market, these large hedge funds could pull out all their positions in gold, and then...? Either way, I'm not invested in gold and there's no way for me to buy put options, so i'm really just a spectator. I'll be watching it closely. 





Disclosure: No positions in gold]]> Fri, 16 Jul 2010 08:07:07 -0400
"The July 10th-16th copy of the Economist has a lengthy article about gold. Good discussion but they miss one big point. Neither the supply nor demand for gold has changed so why has the price increased? Gold has increased in USD because the USD has dropped. Gold price increases have not done nearly as well in CAD, for example."

After reading the article and seeing that the supply and demand has not changed in the past 10 years, i'm even more surprised and confused by the increase in the price of gold. Has the USD really performed so badly? Or is it that people are willing to pay more for gold as an investment than as jewelery?

I still think that gold is overpriced - I recently read an article on Financial Times that some hedge funds currently hold more gold than some nations - for example Paulson & Co. holds more gold than Australia. As the economist article points out, people are holding gold because of the uncertainty of other financial instruments. I could imagine that as soon as interest rates go up, or some stability returns to the stock market, these large hedge funds could pull out all their positions in gold, and then...? Either way, I'm not invested in gold and there's no way for me to buy put options, so i'm really just a spectator. I'll be watching it closely. 





Disclosure: No positions in gold]]> gold gld Gold Market Rally on Q2 Earnings? http://seekingalpha.com/instablog/669483-phillyslick/81104-market-rally-on-q2-earnings?source=feed 81104
I think before we all jump in ahead of earnings season we should at least pause to consider a few things:

The majority of economic reports released in the past month or so have been negative and often missed analyst expectations. Of course, these reports don't reflect the ability of corporations to make record profits, but it does paint a dreary picture of the economic climate during Q2. 

Because macroeconomics have played such an important role in the markets in the past few months, even impressive Q2 results can be crushed by a downgrade of other PIIGS (maybe Italy), or bad news from China such as a slowing housing market, or lower than expected GDP. I can't help but feel that we are at the mercy of the media at the moment - ie., maybe Samsung will report record-breaking profits, but if the media turns their focus from Q2 earnings to debt, housing, growth, etc, you can be sure Samsung's earning won't be reflected in it's share price for long.

I'm more of the buy-and-hold dividend investing type, so you wont see me trying to ride any rally these weeks ahead. If you are venturing in, I wish you all the best and would recommend you get out fast before the next 'crisis' takes hold of the media.





Disclosure: Long NASDAQ OMX hedged with puts]]> Sun, 11 Jul 2010 10:12:29 -0400
I think before we all jump in ahead of earnings season we should at least pause to consider a few things:

The majority of economic reports released in the past month or so have been negative and often missed analyst expectations. Of course, these reports don't reflect the ability of corporations to make record profits, but it does paint a dreary picture of the economic climate during Q2. 

Because macroeconomics have played such an important role in the markets in the past few months, even impressive Q2 results can be crushed by a downgrade of other PIIGS (maybe Italy), or bad news from China such as a slowing housing market, or lower than expected GDP. I can't help but feel that we are at the mercy of the media at the moment - ie., maybe Samsung will report record-breaking profits, but if the media turns their focus from Q2 earnings to debt, housing, growth, etc, you can be sure Samsung's earning won't be reflected in it's share price for long.

I'm more of the buy-and-hold dividend investing type, so you wont see me trying to ride any rally these weeks ahead. If you are venturing in, I wish you all the best and would recommend you get out fast before the next 'crisis' takes hold of the media.





Disclosure: Long NASDAQ OMX hedged with puts]]>