Odey Reveals Tungsten Corporation Stake

(via www.marketfolly.com)

Crispin Odey's Odey Asset Management has disclosed a new position in London listed Tungsten Corporation (LON: TUNG).  Due to trading on July 21st, Odey hold 5.21% of Tungsten's voting rights.

Other large investors in Tungsten include Wellington Management with 5% and GLG Partners with...

Citadel Discloses New Stake in Blackhawk Network

(via www.marketfolly.com)

Ken Griffin's Citadel has filed a 13G with the SEC regarding shares of Blackhawk Network (HAWK).  Per the filing, Citadel now owns 5.2% of the company with 653,618 shares. 

This is a brand new position for them and the filing was made due to activity on July 22nd.  HAWK completed...

What We're Reading ~ Hedge Fund Links 7/25/14

(via www.marketfolly.com)

Glenview keeps the gains going [II Alpha]

Tales of the death of hedge funds have been greatly exaggerated [Ritholtz]

JANA takes new position in Apache [ValueWalk]

Hedge funds, Google and the "right to be forgotten" [HF Intelligence]

The big money still loves hedge funds [CNBC]

Elliott pushes...

Greenlight Capital Q2 Letter: Einhorn Reveals Lam Research Stake

(via www.marketfolly.com)

David Einhorn's hedge fund Greenlight Capital was up 7.9% net in the second quarter and is up 6.4% for the year.  In their Q2 letter, Greenlight reveals a new position in Lam Research (LRCX).

They see the company as a beneficiary as the process of converting semiconductor designs into chips...

Valuing community banks

(via www.oddballstocks.com)

Most investors are familiar with the valuation techniques used to value non-financial companies.  A number of different models are used from relative valuation, to discounted cash flows,  multiples comparison, dividend yield, and others.  To a beginning investor these techniques seem...

Dividend Growth Stocks: 5 Stocks Building Long-Term Wealth With Increased Dividends

(via www.dividend-growth-stocks.com)

Forget about those 'Make 534% On Every Trade' ads that you see on many financial websites. Real wealth is built with sweat equity and a sound financial plan. A long-term buy-and-hold investing approach focusing on quality dividend growth stocks has provided the means for many investors to enjoy a comfortable retirement.

Outerwall (OUTR) Is Too Cheap, Could Go Up 48%

(via www.magicdiligence.com)

Outerwall runs the ubiquitous Redbox movie rental and Coinstar coin counting machines located in retailers all over the U.S. The stock looks cheap and could have substantial upside.

Book Review: Panic, Prosperity, and Progress

(via alephblog.com)

I love economic history books, and I believe that most investors should read economic history.  History offers a broader paradigm for analyzing investment situations than mathematical models do. Mark Twain is overquoted on this, but only because he deserves to be quoted: “History doesn’t...

Tina’s Wish Junior Committee Summer Event

(via www.distressed-debt-investing.com)

The financial restructuring community has been a consistent and long-term supporter of The Honorable Tina Brozman Foundation for Ovarian Cancer Research (Tina’s Wish).  The foundation is named in memory of the late Tina Brozman, former Chief Justice of the Southern District Bankruptcy Court...


Dividend Growth Stocks: Hormel Foods Corp. (HRL) Dividend Stock Analysis

(via www.dividend-growth-stocks.com)

Hormel Foods Corp. is a multinational manufacturer and marketer of consumer-branded food and meat products. Linked here is a detailed analysis and commentary...


Share Sleuth Digest: Whither small caps?

(via www.iii.co.uk)

This week: Technicians and fundamentalists turn on small-caps, an orderly liquidation and the art of thinking clearly.
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Book Review: Reducing the Risk of Black Swans

(via alephblog.com)

This is a very short book. I read the whole thing in 40 minutes.  It has one main idea: what if you could create a less variable portfolio that returns as much as the traditional 60% S&P 500, 40% Barclays Aggregate blend?  Wouldn’t you want that? Most of us would want that.  I would want...


How You Can Earn Higher Returns By Reducing Risk

(via www.oldschoolvalue.com)

Achieving fantastic investment returns is a lot easier than you think. I was out with a couple of friends today when we got talking about investing and the best places for an investor to put his money. One of my friends wants to take a completely hands off approach to investing, so he decided to...


Comparisons & Thoughts on Value - The Intelligent Book Review (Chapters 16, 17, 18, 19)

(via arborinvestmentplanner.com)

History continually repeats itself. The companies, participants, and investors are different, but the outcomes remain the same. Basic security analysis of these companies should provide investors the information they need to recognize the fraudulent behavior of a few companies and the gross overvaluation of some stocks.


What We're Reading ~ Analytical Links 7/23/14

(via www.marketfolly.com)

In the Plex: How Google Thinks, Works & Shapes Our Lives [Steven Levy]

Importance of ROIC: compounding and reinvestment [Base Hit Investing]

Some thoughts on Twitter [Dan Benton]

LUMA Partners on the future of TV [BusinessInsider]

An old interview with Peter Lynch [PBS]

On the boom in...