Home

Rising story links

Carnival Corporation - Ghost Ship Investing?

By wax on Sun, 2010-03-21 08:40
(via waxink.blogspot.com)

While we may not be square knot experts, we do know the difference between walking up a gangway and walking off a plank.

VIX Doesn’t Work as Signal for Stocks, Birinyi Says

By GeoffGannon on Sun, 2010-03-21 08:14
(via www.bloomberg.com)

"'The VIX is a coincidental indicator,' Birinyi wrote. 'It details, perhaps better than other measures, the volatility of the market today but not tomorrow or the day after.'"

Eaton Vance Wins Greek Bet Five Years After Buying Credit Swaps

By GeoffGannon on Sun, 2010-03-21 08:10
(via www.bloomberg.com)

A mutual fund manager paid just 0.20% per year for five years in premiums to insure against Greece defaulting on its bonds sometime in the next 15 years. That bet has paid off big.

Liberty Media, Elliott Said to Drop From MGM Bidding

By GeoffGannon on Sun, 2010-03-21 08:06
(via www.bloomberg.com)

John Malone's Liberty Media (LCAPA) drops out of bidding for MGM film studio. MGM, which has defaulted on loans and is in danger of filing for Chapter 11, has a library of more than 4,000 films. Other bidder include Lions Gate (LGF) and Time Warner (TWX).

Dai-ichi Life Offers Shares at Premium to T&D in IPO

By GeoffGannon on Sun, 2010-03-21 08:02
(via www.bloomberg.com)

Japanese life insurer Dai-ichi Life goes public. Article compares price of Dai-ichi shares to those of two other Japanese life insurers: T&D Financial and Sony Financial Holdings

Roaming the Globe for Trifecta Investments

By GeoffGannon on Sun, 2010-03-21 07:59
(via news.morningstar.com)

Morningstar interviews David Winters of the Wintergreen fund. Stocks mentioned include: Consolidated Tomoka (CTO), Berkshire Hathaway (BRK.B), and Burlington Northern.

U.S. Insurers Purchase Corporate Bonds in Market ‘Raining Gold’

By GeoffGannon on Sun, 2010-03-21 07:55
(via www.bloomberg.com)

"U.S. insurers, holders of more than $2.2 trillion in corporate debt, bought the bonds at the fastest pace in five years in 2009, taking advantage of a market that Warren Buffett said was 'raining gold.'"

New Free Issue of 10x45 Bargain Hunter

By George on Sat, 2010-03-20 18:18
(via manualofideas.com)

The latest issue of 10x45 Bargain Hunter, a bi-weekly stock screening report. This report is based on market prices as of March 19th.

Finding One of the Next 200-500 Banks That Will Fail | Yes and Not Yes

By George on Sat, 2010-03-20 17:57
(via yesandnotyes.com)

There are still opportunities, both long and short, in the world of small banks, though I think they are certainly beginning to shrink. For this post, I did a screen for banks trading between $3 and $5 per share and with negative earnings.

Dow Rally Below Average In Duration & Magnitude

By david on Sat, 2010-03-20 16:11
(via disciplinedinvesting.blogspot.com)

It may come as a surprise to many investors, but the current Dow Jones Industrial Average rally compared to past rallies back to 1900 is below average in duration and below average in magnitude of the advance as detailed in the chart...

Fairholme Fund's Bruce Berkowitz Interview

By david on Sat, 2010-03-20 16:08
(via disciplinedinvesting.blogspot.com)

Morningstar’s Domestic Equity Fund Manager of the Decade Bruce Berkowitz, founder and lead portfolio manager of the five-star Fairholme Fund (FAIRX). In this interview, Berkowitz explains how he has beaten the S&P by more than 200 percent over the past decade and where he is finding value now.

Magic Formula Weekly Roundup 3/20/2010

By MagicDiligence on Sat, 2010-03-20 15:52
(via www.magicdiligence.com)

Weekly roundup of stocks moving in and out of the Magic Formula Investing screen.

Share Buybacks Gain Popularity as Stock Prices Rebound

By George on Sat, 2010-03-20 13:05
(via manualofideas.com)

Share buybacks are making a comeback in 2010 just as markets are approaching levels last seen prior to September/October 2008. Why is this happening now and how should shareholders evaluate management decisions on buybacks?

Influence: Chapter 4

By George on Sat, 2010-03-20 09:37
(via www.barelkarsan.com)

Influence, by Robert Cialdini, helps us understand the factors that influence us, which are exploited by, among others, the news media, our brokers, and research analysts, and thereby puts us in a position to protect ourselves from our own, hard-coded biases that we wouldn't otherwise know have been triggered.

Alan Greenspan: The Crisis

By farnamstreet on Fri, 2010-03-19 22:25
(via myinvestingnotebook.blogspot.com)

This is a great paper. It presents one of the best comprehensive narratives about what went wrong over the past several years that I have read. If you want to read only one paper about the recent financial crisis, this would be a good choice.