Mailbag: Transat A.T.

By sajid.karsan on Wed, 2012-05-23 06:38
(via www.barelkarsan.com)

The idea that airlines make for lousy investments has been broached a number of times on this site. But what about a tour operator that trades for far less than its cash balance? Transat AT (TRZ)...

Beating the Business Cycle: How to Predict and Profit from Turning Points in the Economy

By voisin on Wed, 2012-05-23 06:00
(via www.frankvoisin.com)

Beating the Business Cycle: How to Predict and Profit from Turning Points in the Economy By Lakshman Achuthan and Anirvan Banerji

Today I am reviewing Beating the Business Cycle: How to Predict...

Bill Ackman's Ira Sohn Slideshow Presentation on J.C. Penney (JCP)

By MarketFolly on Tue, 2012-05-22 20:00
(via www.marketfolly.com)

Last week we posted up notes from the Ira Sohn Conference including a summary of the Pershing Square founder's talk on J.C. Penney.  Now, courtesy of the WSJ Deal Journal, is Bill Ackman's slideshow presentation on JCP from the event.

Entitled "Think Big", Ackman examines the future of the...

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David Einhorn's Ira Sohn Slideshow on Use of Preferreds

By MarketFolly on Tue, 2012-05-22 19:00
(via www.marketfolly.com)

David Einhorn's Greenlight Capital just released his presentation from the Ira Sohn Conference on preferreds.  The presentation is entitled "Greenlight Opportunistic Use of Preferreds (GO-UP)."

If you missed it, we've also posted up a summary of Einhorn's presentation at Ira Sohn, as well...

Lone Pine Capital Buys More Ulta Salon (ULTA)

By MarketFolly on Tue, 2012-05-22 16:01
(via www.marketfolly.com)

Steve Mandel's hedge fund firm Lone Pine Capital recently filed a 13G with the SEC regarding its position in Ulta Salon, Cosmetics & Fragrance (ULTA).  Per the filing, the hedge fund now owns a 5.6% stake in the company with 3,498,638 shares.

This marks a 61% increase in their position...

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Eton Park Capital Discloses Cove Energy Stake, Reduces Sable Mining Position

By MarketFolly on Tue, 2012-05-22 16:01
(via www.marketfolly.com)

Eric Mindich's hedge fund Eton Park Capital has just disclosed activity in two positions in UK markets.

Cove Energy

First, Mindich's firm has disclosed a new position in Cove Energy (LON: COV).  Due to trading on May 16th, the hedge fund has disclosed a position of 3.09% of outstanding...

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BlueCrest Capital's Michael Platt on European Crisis & How He's Trading

By MarketFolly on Tue, 2012-05-22 16:01
(via www.marketfolly.com)

BlueCrest Capital Management's Michael Platt spoke with Bloomberg Television about the European crisis and how he's trading the current situation.

On the financial impact of a Greek exit:

“I think the order of events would be Greece exits, shock wave across Europe, massive stress in...

Little Things are Important

By David Merkel on Tue, 2012-05-22 09:34
(via alephblog.com)

One of the problems with many politicians, journalists, financial analysts, economists, etc., is that they don’t think systematically.  Go back to late 2006, when I wrote my piece Wrecking Ball Looms for Big Housing Spec, which was regarding the coming subprime crisis.  (Note: my editor often...

Dividend Growth Stocks: 5 Higher-Yielding, Income Growing Tech Stocks

By Dividends4Life on Tue, 2012-05-22 07:33
(via www.dividend-growth-stocks.com)

When you hear the names Cisco (CSCO), Oracle (ORCL), Apple (AAPL), Microsoft (MSFT) and Intel (INTC), "dividend stocks" is probably not the first thought to enter your mind. It wasn't that long ago that tech companies simply didn't pay dividends. Every penny earned was plowed back into the business. The entire focus was on growth, and investors were looking for capital gains...

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Paulson's Earnings Surprised Somebody

By sajid.karsan on Tue, 2012-05-22 06:18
(via www.barelkarsan.com)

Paulson Capital has been brought up a few times on this site because of how cheaply it has traded relative to its current assets. Last week, shareholders were rewarded. Immediately following the...

Nassim Taleb on JP Morgan’s “London Whale”

By voisin on Tue, 2012-05-22 06:00
(via www.frankvoisin.com)

Here’s a new BBC interview with Nassim Nicholas Taleb, author of Fooled by Randomness and The Black Swan, on the JP Morgan trading loss:
Author Disclosure: None
Talk to Frank about Nassim...

Barron’s: Ray Dalio’s World

By voisin on Tue, 2012-05-22 04:00
(via www.frankvoisin.com)

Over the weekend Barron’s ran a profile of Ray Dalio, founder of Bridgewater Associates, whose views on the macroeconomy are second to none:
It’s hard to imagine anyone navigating the...

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Valuation of Facebook Looks Pricey, For Now

By alexg on Tue, 2012-05-22 02:25
(via www.earningsyield.net)

Not since Google, have I seen an initial public offering (IPO) have so much hype around it. At the same time, I don’t think I have seen an (IPO), go so wrong. Despite the hype, things started to look rocky from the very beginning and it didn’t take a genius to figure things out.

Competing Plans in Bankruptcy

By DistressedDebtI... on Mon, 2012-05-21 22:31
(via www.distressed-debt-investing.com)

Over the last few years, we've seen a number of cases run parallel plans in bankruptcy - sometimes contentiously between creditors trying to argue they are the fulcrum and sometimes for legitimate business reasons. Distressed Debt Investing contributor George Mesires of...

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Brand New Hedge Fund Wisdom Issue Just Released

By MarketFolly on Mon, 2012-05-21 15:00
(via www.marketfolly.com)

The brand new Q1 2012 issue of our premium newsletter has just been released!  Subscribers please login at hedgefundwisdom.com to download it.

Included in the new 85-page issue:

- List of consensus buys & sells among top hedge funds

- Equity analysis on: Tempur-Pedic (TPX),...

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