19 Feb Coast to Coast
Since the December 19th letter I sent out, the markets have gone coast to coast – from severely oversold to slightly overbought. What a difference a little time can make. The stocks mentioned...
19 Dec Grinch Go Home!
On October 4th I sent out a note expressing my concerns about the stock market due to the price declines in certain key industries (housing & auto’s) along with the number of stocks...
04 Oct Whirlpool Update & Market Thoughts
Whirlpool continues to decline substantially from where we originally purchased the stock ( -30%). At this point it has reduced the value of the portfolio by a little more than 1%. As a...
03 Apr That Was Fun While it Lasted – Now What Do I Do?
For the last couple of years what has worked exceptionally well in the stock market has been an exciting story along with above average sales growth. Money has flowed into these types of...
08 Jan Shooting Fish in a Barrel?
Wow, 2017 turned out to be quite a year! All the major indexes recorded gains of over 20%, hitting all-time record highs while volatility was hitting an all-time record low. A new record...
14 Nov An Update on General Electric and Cameco
I regretfully elected to sell General Electric today @ $18 after listening to new CEO John Flannery discuss the current outlook for the company and the prospects going forward. I should have made...
05 Sep Portfolio Update – September 2017
A few comments on both new and existing additions to the Top Holdings. The companies mentioned are all leaders in their respective industries and because of near term concerns have declined to a...
17 Jul General Electric – Turning Point?
Top Holding ‘GE’ has been in the portfolio since 2011 and has recently come under significant pressure due to being the worst performing Dow stock since Chairman Jeffrey Immelt took over the reins...
05 Dec The Mighty Dollar
As most of you know, I like to use the media as a contrarian indicator. Normally by the time a theme has generated enough attention to grab the cover story of a major...
02 Dec The Next Ten Years Are Likely To Be Different
Wow! Patience and diversification may win in the long run, but for the last few years, it’s cost a lot of investment managers their jobs. What has worked has been to be ‘all...