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  • A Low-Risk, High-Growth Play Among Canadian Banks

    (Published Dec. 5 by The Financial Canadian)


    Great dividend investments come in all shapes and sizes. However, it is rare that a whole group of stocks constitute solid dividend performers for your portfolio.

      


  • RBC: A Slow Quarter To Finish A Record Year From Canada’s Largest Lender

    Published December 5th, 2016 by The Financial Canadian


    I’m a firm believer that the Canadian banks are a peer group that should hold a place in the portfolio of the dividend growth investor.

      


  • Bank of Nova Scotia Reports Solid 2016 Earnings

    The Canadian economy is primarily centered on two sectors – the financial sector and the energy sector.


    In particular, Canada is known to have one of the soundest banking systems in the world. The Canadian banks have been ranked by the World Economic Forum as the world soundest banks for eight years in a row.

      


  • Which Sectors Have Strong Predictable Value Potential?

    As the U.S. stock market remains significantly overvalued, several gurus are investing in companies with strong predictable value. Such companies meet two of the most important criteria in Warren Buffett (Trades, Portfolio) and Charlie Munger (Trades, Portfolio)’s investing approach: undervaluation and high business predictability. While the co-managers of Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B) valued companies with the price-earnings to growth (PEG) ratio, this article will focus on undervalued companies based on discounted cash flow models.


    Overview of DCF models: the theory and practical uses

      


  • Amazon Go: An E-Tailer’s Relentless Pursuit of Grocery Success

    Amazon (NASDAQ:AMZN) today announced the launch of Amazon Go, a physical grocery store in downtown Seattle that is part of the retailer's initiative to take a shot at the $600 billion-plus U.S. grocery market. The “self-driving” grocery store has no checkout lines and no cashiers. Shoppers will sign into a special app with their Amazon credentials, walk in, take what they need and walk out. The app does the billing for them.


    Amazon has been trying hard to increase its share in the grocery market but, despite kicking off its grocery dream nearly 10 years ago, its foray into the time-sensitive grocery delivery market has been a stop-and-start affair for the company.

      


  • US Market Indexes Start the Week Higher

    U.S. market indexes gained on Monday with the Dow Jones Industrial Average reaching a new high.


    For the day, the Dow Jones Industrial Average closed at 19,216.24 for a gain of 45.82 points or 0.24%. The Standard & Poor's 500 closed at 2,204.71 for a gain of 12.76 points or 0.58%. The Nasdaq Composite closed at 5,308.89 for a gain of 53.24 points or 1.01%. The VIX Volatility Index was lower for the day at 12.37 for a loss of 1.75 points or 12.39%.

      


  • Weekly CFO Sells Highlights

    According to GuruFocus' Insider Data, the recent chief financial officer (CFO) sells were: Facebook Inc. (NASDAQ:FB) and EOG Resources (NYSE:EOG).


    Facebook CFO sold 10,530 shares

      


  • Leukemia Treatment Achieves Promising Results

    Juno Therapeutics Inc. (NASDAQ:JUNO) communicated through the Business Wire on Dec. 3 that the results from the study undertaken in patients affected with lymphocytic leukemia (CLL) and treated with JCAR014 were promising.


    The results were presented by the biopharmaceutical company during the 58th American Society of Hematology (ASH) Annual Meeting.

      


  • Hotchkis & Wiley Trims Corning, Microsoft, Exits HP

    HOTCHKIS & WILEY was formed in Los Angeles in 1980 and has focused exclusively on finding and owning undervalued companies that have a significant potential for appreciation. During the third quarter the guru’s largest sells were the following:


    The firm reduced its stake in Corning Inc. (GLW) by 31.63% with an impact of -1.24% on the portfolio.

      


  • Alan Fournier Invests in Leidos Holdings, Bank of America

    Alan Fournier (Trades, Portfolio) manages Pennant Master Fund, Pennant Windward Master Fund, Broadway Gate Master Fund Ltd. and Pennant General Partner LLC. During the third quarter the guru’s largest buys were the following:


    The investor acquired 1,892,600 shares in Leidos Holdings Inc. (LDOS) with an impact of 2.87% on the portfolio.

      


  • Comment for Natural Resources Partners LP (NRP) Dividend Data -- GuruFocus.com

    Could we get the charts on this page (especially Dividend Per Share History) on a quarterly basis (as an additional option)? Thanks!  


  • The Status of Italian Banks

    What’s going on with Italian banks?


    Italian voters rejected Prime Minister Matteo Renzi’s plan to change the legislature Sunday. Renzi will step down, and there will be a new election.

      


  • 5 Companies for Enterprising Investors Near 52-Week Lows

    There are a number of great companies in the market today. By using the ModernGraham Valuation Model, I have selected five undervalued companies trading closest to their 52-week low. Each of these companies has been determined to be suitable for the Enterprising Investor using this approach.


    Defensive Investors are defined as investors who are not able or willing to do substantial research into individual investments and, therefore, need to select only the companies that present the least amount of risk. Enterprising Investors, on the other hand, are able to do substantial research and can select companies that present a moderate (though still low) amount of risk.

      


  • Closed-End Bond Funds Are Ripe for the Picking

    You really can’t beat getting a dollar for 90 cents. Unless, of course, you manage to find one for 85 cents.


    While deals like that really shouldn’t exist in the real world, they’re actually pretty common in the closed-end fund (CEF) space. And today, some of the best bargains are to be found among the safest and most conservative CEFs – those investing in tax free municipal bonds. Right now, you can put together a portfolio of funds offering an immediate 6% tax-free yield plus the opportunity for respectable capital appreciation.

      


  • Glenn Greenberg Gains 3 Positions in the 3rd Quarter

    Brave Warrior Advisors’ Glenn Greenberg (Trades, Portfolio) purchased three new holdings in the third quarter. They are HCA Holdings Inc. (NYSE:HCA), Sensata Technologies Holding NV (NYSE:ST) and LiLAC Group (NASDAQ:LILAK).


    Greenberg and John Shapiro founded Chieftain Capital Management in 1984. The firm was divided into two separate entities in 2010. Greenberg renamed Chieftain to Brave Warrior. Greenberg maintains a highly concentrated portfolio. He believes that the more companies you own, the less you know about each one. He believes this leads to mistakes. He generally invests in companies with little competition and emphasizes the return on invested capital.

      


  • Is Mobileye a Buy?

    Mobileye (NYSE:MBLY) is leading in the development of computer vision as well as machine learning, localization and mapping for ADAS (advanced driver assistance systems), data analysis, etc. It was almost a flat year for Mobileye in 2015, but the stock is down approximately 15% year to date. However, the company has performed amazingly well this year as it managed to surpass earnings as well as revenue estimates in the past three quarters.

    In the recently reported quarter, Mobileye’s revenue and earnings escalated 34% and 27% year over year. On the other hand, the company’s gross profit has jumped from $12 million to $179 million in the past four years.

    Moving onward, the company detailed that its OEM division performed well, producing sturdy volumes in ASPs (average selling price) and endured to expand visibility for new contract achievements.

    Mobileye holds a robust position in the automotive industry, as it supplies cameras and sensors to around 90% of the automotive industry. But the company is now belligerently focusing on the driverless car market as it is projected to reach $42 billion by 2025, according to Bloomberg. The company’s products are going to be critical for autonomous vehicles to distinguish roadway lanes, barriers, etc.

    The company also signed a deal with WABCO (NYSE:WBC) to develop a solution for commercial vehicles that utilizes advanced emergency braking ADAS functionalities and Mobileye’s REM technology. However, the most significant thing is that the company partnered with Intel (NASDAQ:INTC) and BMW (BAMXF) in July to introduce a fully autonomous vehicle platform to market in the impending five years.

    On top of that, the company announced in August it plans to work with Delphi Automotive to produce a comprehensive self-driving system that will be accessible to any auto manufacturer beginning in 2019.

    In point of fact, both the partnerships are pointing to Level 4 systems, which propose complete self-driving capability under limited situations. This clearly suggests that the company is headed in the right direction as Intel and BMW are formerly well-established players in the automotive industry.

    Mobileye also established new contracts with prevailing auto manufacturers for its semi-autonomous Level 3 systems as well as advanced driver-assist systems.

    Conclusion

    Mobileye is growing at a strong rate and taking smart steps to grasp a strong position in the gradually rising self-driving car market. However, the shares of Mobileye look overvalued. It currently trades at 92 times earnings, which is substantially greater than the industry’s average of 25. As an outcome, investors should wait for a better opportunity to initiate a position in the stock.

    Disclosure: I do not hold positions in the stocks mentioned in the article.

    Start a free 7-day trial of Premium Membership to GuruFocus.

      


  • Gold Reacts Negatively to Italian Constitutional Referendum

    Asian gold markets positively reacted to the outcome of the constitutional referendum in Italy, where "no" triumphed over "yes" with 19,419,507 votes or 59.11% of voters. The number of votes in favor of the constitutional reform is 13,432,208 or 40.89% of voters. The percentage of Italians who voted is 65.47%, or 33,243,845 voters, out of a total of 50,773,284 eligible voters.


    On Asian markets, gold prices jumped 0.9% to retrace later more closely to last Friday's prices when the precious metal was trading at $1,177 per ounce, showing an overall improvement of 0.4%.

      


  • 23 Questions With Brazilian Value Investor Gustavo Saiani

    1. How and why did you get started investing? What is your background?


    I actually started out as a guitarist. From the age of 15 I took it really seriously. When time came to go to a university, I tried mechanical engineering and was very unhappy for two and a half years. Meanwhile, I started teaching music and performing. I also started a tiny business making and printing things like business cards using my father’s computer and printer. This was around 1995. One of my band mates studied graphic design, which up to that point I had not considered. Belatedly, I made the connection and decided to switch to graphic design. I was much happier but ironically stopped doing graphic design work and coasted along in school, devoting all my energy to music.

      


  • 13 Questions With Argentine Value Investor Santiago Lucca

    1. How and why did you get started investing? What is your background?


    Everything begins in a very particular way. While I do not remember exactly how old I was when I had my first attraction to business, I can say it was at a very early age. I had the opportunity, with the help of my family, to make my first venture. Time passed and I became more and more interested in business. It was obvious that is, of course, where I wanted to go. Unfortunately, I did not have the opportunity Warren Buffett (Trades, Portfolio) had to buy my first three shares of Cities Service Preferred at age 11.

      


  • 23 Questions With Greek Value Investor Dimitrios Koutsoubos

    1. How and why did you get started investing? What is your background?


    As a kid, I liked reading a lot and I used to admire progress and dream about it. I used to read a Greek weekly magazine about the economy. Investing, in a more general context, sounded very interesting to me, as it works like an automation. You plant a tree at present and the tree gives you fruit in the future. You get more than you sacrifice. When I first read about Warren Buffett (Trades, Portfolio) and his approach to stocks, I loved it. I knew that I would do it when I earned my first money as an adult. By investing in stocks, I would lose some money for building a “machine” that provides wealth forever, like the tree I talked about before. I bought my first shares in 2000 when I was 18. My Bachelor of Science degree had nothing to do with economics but my love for investing led me later to do a Master of Science in economic analysis.

      


  • Bella Serata One simply chooses what brings

    One simply chooses what brings us the most comfort and ease . Fresh and light textures for skin care oily, and richest care for others. It's that simple and all debate on the issue is often sterile.

      


  • Reducing the broken wire of the stainless steel wire method

    Stainless steel wire break occurs when the situation has occurred, then what is the cause of it? The impact of the use of the process under the impact of severe impact will cause the impact of stainless steel wire load, once the cumulative value exceeds the allowable range of work stress will be pulled off the problem. The service life of stainless steel wire will be shortened accordingly. Wire, lubrication is not enough, etc. also may pull off the stainless steel wire, affecting the performance of its play. How to fundamentally reduce the broken wire of stainless steel wire.ASTM 4130 cold drawn alloy square steel bar

      


  • Weekly CEO Buys Highlights

    According to GuruFocus’ Insider Data, these are the largest CEO buys during the past week. The overall trend of purchases is illustrated in the chart below:


    Skechers USA CEO bought 500,000 shares

      


  • Clear Skies Ahead for US Surety Bond Sector

    Things are looking bright for the surety bond industry.


    After two successive years of growth, the rally in overall premiums is expected to continue next year despite expected rise in loss activity. Industry experts are predicting that the U.S. economy is showing signs of true economic recovery and that most contractors are reporting a return of acceptable profit margins.

      


  • Carnival Thrives in the Current Environment

    Last week, Princess Cruise Lines, one of the subsidiaries of Carnival Corp. (NYSE:CCL), pleaded guilty to seven federal charges in relation to illegally dumping oily waste into ocean water.


    The cruise line, based in Santa Clarita, California, is set to pay a record fine of $40 million as a result. In addition, cruise ships from eight Carnival cruise line companies (Carnival Cruise Line, Holland America Line NV, Seabourn Cruise Line Ltd. and AIDA Cruises) will be under a court-supervised Environmental Compliance Program (ECP) for five years according to the Department of Justice.

      


  • 10 Low P/E Picks for the Enterprising Investor

    There are a number of great companies in the market today. By using the ModernGraham Valuation Model, I've selected 10 low price-earnings (P/E) stocks for the Enterprising Investor. These companies have the lowest PEmg (price/normalized earnings) ratio out of all companies reviewed by ModernGraham. Each company has been determined to be suitable for the Enterprising Investor and undervalued according to the ModernGraham approach.


    Defensive Investors are defined as investors who are not able or willing to do substantial research into individual investments, and therefore need to select only the companies that present the least amount of risk. Enterprising Investors, on the other hand, are able to do substantial research and can select companies that present a moderate (though still low) amount of risk.

      


  • Robust Pipeline Supports 5.5% Dividend Yield

    (Published Dec. 4 by Bob Ciura)


    U.K. stocks have taken it on the chin in the past few months. There have been a number of factors for this, including the Brexit vote and the falling British pound.

      


  • Baidu: A Great Opportunity for Long-Term Investors

    Baidu (NASDAQ:BIDU), the foremost search engine in China, disappointed stockholders in 2015 and this year as well. But it is worth noticing that the company trades at just 11.2x trailing earnings, significantly lower than the industry average of 50 for internet information providers. Throughout the past few quarters, the company’s revenue has been growing at an average of more than 35%.


    In the most recent quarter, Baidu shared earnings per share of $1.49, beating analyst estimates by a huge margin. On the other hand, the company’s revenue was $2.73 billion, exceeding estimates by $20 million, but representing a drop of 0.7% year over year.

      


  • Intel's Future Still Looks Bright

    2015 was not a good year for Intel (NASDAQ:INTC). It was down approximately 6%, and this year also the stock is in red. However, this does not mean that growth is over for the company. After missing revenue estimates in the first and second quarter of 2016, the company reported healthy third-quarter results.


    The company had EPS of 80 cents, exceeding analyst estimates by 8 cents. On the other hand, the company’s revenue came in at $15.78 billion, $200 million more than consensus estimates and representing a jump of 9.1% year over year.

      


  • CBS Corp: Navigating the Media Challenges Well

    In my last article I shared my thoughts on media companies in general. Here I will briefly introduce CBS Corp. (NYSE:CBS) in terms of business model, how it has positioned the company to industry changes, earnings growth driver and risks. This should by no means be construed as a recommendation. My intention is to discuss qualitative factors.


    CBS Corp. is a leading mass media giant. It has a broad asset mix of broadcasting networks, television stations, premium cable networks and TV production studios. The company is going through a multi-year transition from a heavy advertising-dependent model to a more diversified and higher margin revenue mix model. CBS’s growth in the next few years is very visible and predictable, driven by retransmission and reverse compensation growth, international syndication and licensing fees growth, and continuous expansion and monetization of the new digital distribution channel.

      


  • How General Electric Is Re-Positioning Itself for Dividend Growth

    The U.S. is now seven years out from the official end of the Great Recession. But despite this, bad memories still linger for General Electric (NYSE:GE) investors…


    That’s because – due to its massive financing operation known as GE Capital – GE was one of the hardest-hit companies by the financial crisis. Things got so bad that in 2009, the company slashed its quarterly dividend from 31 cents to just 10 cents per share.

      


  • test

    Now I’ve written at least one other article on this: Numerator vs Denominator. (If you have time, it is a good summary article.) The basic idea is this: in the long-run stocks benefit from growth in the economy. In the short-run, growth in the economy can push up the demand for capital because new and existing businesses need investment, and the cost of capital rises as a result. Second, as the economy grows, sometimes resources other than capital are proven to be in short supply, e.g., labor and resources. GDP may grow, but in certain contexts, profits as a share of GDP can shrink, and the share going to wages, resources, and interest may grow.


    I write this for a few reasons:

      


  • http://supplement4help.com/diabazole-reviews/

    Remember that your mind is very powerful and can be your main enemy when it comes to losing weight. What you think of yourself and Diabazole Reviews what you tell yourself can have negative repercussions. Keep your thoughts positive.


    1. Eat breakfast every day something nutritious

      


  • Warren Buffett Shares His Thoughts About the Election

    Lost in the commotion after the election was an interview of Warren Buffett (Trades, Portfolio) sharing his thoughts about the outcome. I was not aware of it. In the video posted below, interviewer Poppy Harlow asks questions covering President-elect Donald Trump’s proposals during the campaign, why Buffett supported Hillary Clinton, the stock market, and President Obama’s legacy.


    It’s clear Buffett tries to be as non-controversial as possible as he deflects questions intended to make him voice any fears about a Trump presidency. As hard as Buffett tries to deflect concerns about Trump’s temperament, he still admits that rogue nations like North Korea concern him.

      


  • stocknote

    Comments
    Fair value: $3.75  


  • Weekly Top Insider Buys Highlight for the Week of Dec. 2

    The largest Insider Buys were for The Home Depot Inc. (NYSE:HD), Sempra Energy (NYSE:SRE), Analog Devices Inc. (NASDAQ:ADI) and Edwards Lifesciences Corp. (NYSE:EW).


    The Home Depot Inc. (NYSE:HD): Director Mark C. Vadon bought 15,000 shares

      


  • Fluidigm Corp (FLDM) President & CEO Stephen Christopher Linthwaite Bought $349,800 of Shares


  • Jokes, Analogies and Anecdotes in Warren Buffett’s Shareholder Letters

    In the previous article we collected the jokes that Warren Buffett (Trades, Portfolio) used in his shareholder letters. He also used a lot of analogies and anecdotes in his shareholder letters. He likes to use simple analogies to make his ideas easy to understand. These are of those he used in his shareholder letters.


    If a company sinks most of this money in other businesses that earn low returns, the company’s overall return on retained capital may nevertheless appear excellent because of the extraordinary returns being earned by the portion of earnings incrementally invested in the core business. The situation is analogous to a Pro-Am golf event: even if all of the amateurs are hopeless duffers, the team’s best-ball score will be respectable because of the dominating skills of the professional.

      


  • Low-Priced Retail Stocks Gurus Shopped for Ahead of Holiday Season

    Those interested in out-of-favor stocks can’t look much further than retail. In a market routinely hitting all-time highs, the consumer discretionary sector’s 1.42% one-year return makes it the worst performing, second only to health care. But the statistics for apparel and department stores are much worse, and the upcoming crucial holiday season may not help.


    Belying the worsening picture for traditional retailers were a 0.8% rise in retail and food services sales in October and 2.9% increase for the 10 months ended in October, compared to the comparable periods. At the same August-October period, clothing and accessories eked out a 0.5% gain, and sales at in general merchandise including department stores were dropping 5.2%, according to data from the Census Bureau.

      


  • How Can Value Screener Record Trends Explain Market Valuations?

    As we approach the end of 2016, we can review the value screener record trends to further understand global market valuations and the predictability of companies. Each value screener lists stocks meeting specific criteria. Some value screeners list companies trading at deep discounts while others focus on the company’s predictability rank.


    Intelligent investor seeks net-net bargains

      


  • Why Facebook Stock Is Under Pressure

    Facebook Inc. (NASDAQ:FB) stock lost over 2.9% on Dec. 1 due to concerns over fake stories. Facebook acknowledged that fake news is a big problem that it must deal with. But it reported that it is taking measures to face the issue, like building systems to detect fake stories before users flag them, which could involve artificial intelligence.


    Facebook already has several people across the globe monitor content on the site but is now in the “research stage” of using AI to automatically detect depictions of violence and other problems in live videos.

      


  • US Market Indexes Mostly Higher on Friday

    U.S. market indexes were mostly higher on Friday with stocks lower for the week.


    The Dow Jones Industrial Average closed at 19,170.42 for a loss of 21.51 points or 0.11%. The Standard & Poor's 500 closed at 2,191.95 for a gain of 0.87 points or 0.04%. The Nasdaq Composite closed at 5,255.65 for a gain of 4.55 points or 0.09%. The VIX Volatility Index was higher for the day at 14.12 for a gain of 0.05 points or 0.36%.

      


  • MFP Investors Buys 7 New Holdings

    Michael Price (Trades, Portfolio), who runs hedge fund MFP Investors LLC, invested in seven new holdings in the third quarter. Price’s estimated net worth is $1.2 billion; MFP Investors has $1.6 billion under management, much of it Price’s money.

    His largest purchase was 521,500 shares of Regions Financial Corp. (NYSE:RF), a financial services company based in Birmingham, Alabama, for an average price of $9.36 per share. The deal had a 0.68% impact on the portfolio.  


  • Barrick Repurchases $595 Million of Corporate Loan

    Barrick Gold Corp. (NYSE:ABX) reported Friday the conclusive results of its tender offer to buy back a certain amount of its 4.40% notes with maturity in 2021, 4.10% notes with maturity in 2023 and 3.85% notes with maturity in 2022.


    The company announced on Nov. 17 that it would increase the amount of the notes to be repurchased from $350 million, as originally planned, to $650 million. Friday the gold miner announced the extinguishment of $595,328,000 of its corporate loan consisting of 4.40% notes with maturity in 2021.

      


  • 23 Questions With Bakul Lalla

    1. How and why did you get started investing? What is your background?


    I started investing for savings to maintain future purchasing power against my personal lifestyle inflation rate. Savings are primarily earmarked for future consumption such as retirement and college education. My background comes from a family of farmers migrating from the Asian continent to the African continent, and finally to the United States. Formal background is in electrical and computer engineering.

      


  • Qualcomm: Balance Sheet, Dividend Yield Make It Attractive

    Large-cap technology stocks are a great place to look for dividend growth investors.


    Income investors traditionally have not been able to rely upon tech stocks for dividends. Even the tech stocks that do pay dividends usually have short dividend histories.

      


  • Apple: A Dividend Achiever in the Making

    (Published Dec. 2 by Bob Ciura)


    In the realm of dividend investing, a track record means everything.

      


  • Neiman Marcus Debenture Bonds Yielding 8%

    According to a recent filing of Longleaf Funds, the fund has bought junk bonds in Neiman Marcus. Since they are Rule 144 (meaning only institutions can buy them), we will focus on another series. Neiman is owned by the private equity fund Ares and by the Canadian Pension Fund.


    I found these notes while perusing Longleaf Funds Quarterly holdings at the Securities and Exchange Commission. Longleaf owns: Neiman Marcus Group LTD LLC 8.00% 144A Senior Notes due Oct.15, 2021. I also see a series due June 1, 2028 with a cusip of 640204ab9. The bonds yield almost 8% and have a coupon of 7.125. Standard & Poor has them rated as B-. The bonds trade at around 92. Back in 2009, they fell to 30.

      


  • Competitor Performance Is Eating Nike’s Lunch

    Nike’s (NYSE:NKE) shares are now trading very close to its 52-week low of $49.01. Considering the direction in which Nike’s sales and future orders have gone in North America, it is clear the stock may continue the downward trend that started in November last year. Nike has lost more than 22% of its valuation since then, but recovery seems to elude the world’s largest sports footwear maker as competitors keep nipping at its heels.


    Nike has now missed future orders estimates more than three times in a row. Future orders is a key metric that shows the demand for a product in the market. It counts the number of orders the company received from buyers in advance of actual consignments being shipped out.

      


  • Insiders Roundup: Alphabet, Scripps, Phillips 66

    The All-in-One Screener can be used to find insider trades from the past week. Under the Insiders tab, change the settings for All Insider Buying to “$200,000+” and the duration to "November 2016" and “December 2016” and All Insider Sales to “$5,000,000+.”


    According to the above filters, the following are trades from company insiders in the past week.

      


  • Cyber Weekend: Amazon’s Biggest Validation to Date

    Amazon (NASDAQ:AMZN) practically dominated cyber weekend sales, capturing 31% of online spending, while Best Buy (NYSE:BBY) came in a distant second with 7.4%. Apart from these two companies, no other retailer was able to capture more than 5% of sales during the weekend, validating Amazon's dominance in online sales.


    As an e-commerce giant, such numbers are indeed expected from Amazon, but the problem for other retailers is that, despite having a clear edge in terms of physical stores around the country and pumping billions of dollars into developing their online stores, they are still far from competing with Amazon on a level playing field.

      


  • Oaktree Reduces, Eliminates Multiple Positions in the 3rd Quarter

    Howard Marks (Trades, Portfolio) is the chairman of Oaktree Capital Management LP, which was founded in 1995. The firm made the following trades in the third quarter:


    The firm almost closed its position in Allergan PLC (NYSE:AGN), cutting it by 93.18%. The transaction had an impact of -3.07% on the portfolio.

      


  • Gold Industry Down as Uncertainty Mounts

    The -7.9% collapse in gold prices in November is attributed to several factors. First, the growing expectation that the Federal Reserve will increase the interest rate. Also, a stronger U.S. dollar against the euro and other currencies was induced from assumptions based off an oil production agreement made by OPEC members at a meeting in Vienna on Nov. 30. Gold prices may have been affected by mounting expectations of President-elect Donald Trump and the impact his administration may have on the global economy. Finally, fears of negative repercussions on the financial markets from the result of a constitutional referendum Italians will vote on Dec. 4 have also had an influence.


    Gold has not stopped weakening. Yesterday, the precious metal fell 1.4% from the previous trading day to $1,173 per troy ounce on the London Bullion Market.

      


  • Smith & Wesson Reports Strong Quarter, but Stock Suffers Post Election

    Smith & Wesson (NASDAQ:SWHC) released its second-quarter earnings for fiscal 2017 on Thursday.


    The well-known gun manufacturer reported an increase in profits and revenue. For the quarter, it reported a profit of $32.5 million, or 57 cents per share, up from $12.5 million, or 22 cents per share, a year earlier. The company reported revenue between $230 million and $240 million. Analysts forecasted $237.7 million. Sales climbed 63% to $233.5 million.

      


  • 6 Things That May Surprise You About Building Wealth

    Wealth is almost universally appealing.


    Even if you live a nonmaterialistic lifestyle, you can’t argue with the fact that more money would allow you to do more of what you want – whether that is traveling, starting new organizations or helping your loved ones out of tight financial jams. We live in a capitalistic society in which people envy and strive for wealth; whether you think this is “right” or “wrong,” it is the culture in which we live, and millions of Americans wake up each morning wanting to build a wealthy lifestyle for themselves.

      


  • This Junior Gold Miner Will Soon Show Its Mettle

    Gold has long been considered a “safe haven" for investors in times of uncertainty. With Donald Trump’s unexpected electoral win already taking the financial markets by storm, some analysts are pointing toward gold being a good bet for the next four years.


    If you’re not willing to start hoarding bullion or bars, gold miners make a sensible way to play a run-up in gold. The name of the game, however, is finding one that’s not overpriced.

      


  • National Stock Exchange (NSE) Holidays 2016 Schedule, Stock Market Holidays

    NSE Trading Hours

    Regular hours for the National Stock Exchange Holidays extend from an opening time of 9:15 a.m. to a closing time of 3:30 p.m. local time (11:45 p.m. to 6:00 p.m. EDT, or 10:45 p.m. to 5:00 p.m. EST), Monday through Friday. The National Stock Exchange will be closed for trading to observe a number of holidays throughout the calendar year. Below you will find the NSE holidays schedule for 2016.

      


  • Carl Icahn Takes 15% Stake in Enzon Pharmaceuticals

    After selling out in the second quarter, Carl Icahn (Trades, Portfolio) acquired an even larger position in Enzon Pharmaceuticals (ENZN) on Nov. 28.


    He bought 6,598,886 shares for an average cost of 41 cents per share. This represents nearly 15% of the company’s outstanding shares but only accounts for 0.01% of his total assets managed.

      


  • An Undervalued MLP With Appealing Distribution Yield

    Even with turmoil in the oil and gas industry, World Point Terminals LP (NYSE:WPT) is giving 7% cash distribution yield to its investors and is undervalued compared to its peers.


    The MLP has outperformed its peers based on the per unit decline in price and is worth investigating further for key growth drivers and reasons why investors can be long on this not-so-famous name.

      


  • Thoughts on the Election

    I wrote a note to my clients last week regarding my general thoughts on the presidential election, some broader historical reference points as well as how I tend to think about these major political and macro-oriented events from my perch as an investor in stocks at Saber Capital Management.


    I spend most of my free time doing the same thing I do when I’m working: reading and thinking about businesses and possible investments. But I keep tabs on sports and politics quite closely; sports I sometimes reference here, but politics I never do. BHI (Base Hit Investing) is and will remain completely free of such opinions. The futility of political discourse seems to increase with each passing election cycle. I can’t think of many greater drags on human productivity than the time spent and ink spilled opining on why one politician is better than the other (note: there isn’t much difference).

      


  • Foot Locker's Great Performance Leads It to One-Year High

    Foot Locker (NYSE:FL), the $9.8 billion shoe retailer, delivered its third-quarter and year-to-date results on Nov. 18. The shoe company reported sales growth of 4.6% to $5.65 billion.


    Foot Locker also delivered good profit growth of 24% to $475 million year to date despite a 2.4% increase in business-related expenses.

      


  • Aussie Recovery Subdued as Traders Wait for Short Entries

    The Australian dollar/U.S. dollar has remained subdued as people flock to the dollar when employment data are released.


    Trading at around 0.7386 for most of Thursday's European session, it is apparent that the recovery from the low of 0.7372 was capped at 0.7419, which is also the 200MA on the H1 chart. The bullish recovery took part for most of the Asian session, but that ended almost exactly as Thursday’s European session opened.

      


  • HCP and QCP article, Dec. 1

    Your contributor is woefully misinformed when saying that HCP continues to be a dividend aristocrat. In fact, HCP reduced its dividend from the previous 0.575 to 37 cents in its latest quarterly payout. So, it no longer qualifies as a dividend aristocrat. If comparative market values of the two stocks after the spinoff are any guide, then QCP is less than 9% of the previous value of the two names combined. Yet. HCP reduced its dividend not by 9%, but more like 35%. And, QCP's dividend policy, if any, remains unclear, and it has even said, in SEC filing, that it may not remain a REIT. So, when you consider all of these verifiable facts, there is no way HCP is a dividend aristocrat now.

      


  • Dr. Michael Burry of 'The Big Short' Buys Only One Stock as He Further Cuts Portfolio

    Dr. Michael Burry, an investor best known for being portrayed in the movie “The Big Short,” but who became a legend for shorting the mortgage market in 2007, has continued his trend of making sweeping changes to and slimming down his portfolio each quarter at his reborn fund, Scion Asset Management.


    In the recent third quarter, Burry sold out of four positions and made one new buy, leaving him with only three long equities. His new position, Coty Inc. (NYSE:COTY), also became his largest, at 40.2% of the portfolio’s assets, followed in size by Alphabet Inc. (NASDAQ:GOOG) and HCA Holdings Inc. (NYSE:HCA). The value of the stocks had also dwindled to $32 million. Burry has not responded to request for comment on whether he has withdrawn from the market because he sees danger ahead or simply moved assets elsewhere.

      


  • US Market Indexes Mixed on Thursday

    U.S. market indexes were mixed on Thursday with the Dow Jones Industrial Average reaching a new high.


    For the day, the Dow Jones Industrial Average closed at 19,191.93 for a gain of 68.35 points or 0.36%. The Standard & Poor's 500 closed at 2,191.08 for a loss of 7.73 points or 0.35%. The Nasdaq Composite closed at 5,251.11 for a loss of 72.57 points or 1.36%. The VIX Volatility Index was higher at 14.05 for a gain of 0.72 points or 5.40%.

      


  • FDA Orphan Drug Designation for AbbVie's Risankizumab

    AbbVie (NYSE:ABBV) announced through PR Newswire Wednesday that risankizumab (ABBV-066; formerly BI 655066), an interleukin-23 (IL-23) inhibitor, received the Orphan Drug Designation status from the U.S. Food and Drug Administration (FDA) for the treatment of Crohn's disease in patients who are younger than 18 years.


    ABBV-066 targets the cytokines of interleukin IL-23, known as a key role player in inflammatory and immune responses, will also be assessed in other autoimmune diseases – which are psoriasis, psoriatic arthritis and asthma.

      


  • Titlis AG Has Been Growing With Swiss Skiing

    Bergbahnen Engelberg-Truebsee Titlis AG (XSWX:TIBN) is a Swiss small cap stock that specializes in operating gondolas and hotels. It Is a one of a kind company and is quite profitable. The stock is a holding of Wintergreen Fund.


    The company calls itself Titlis so we'll use that name. Titlis has 672 million shares, the stock trades for 352 Swiss francs ($364.95), and the market cap is 236.5 million francs. Trailing 12-month earnings per share are 31.03 francs, and the price-earnings (P/E) ratio is 11.34. The dividend was 8 francs, and the dividend yield is 2.27%. The reports are in German so I'm not crazy about translating.

      


  • Innovating to Protect and Grow Its Dividend

    (Published Dec. 1 by Bob Ciura)


    Philip Morris International (NYSE:PM) built a cigarette empire, but it is increasingly looking toward a post-cigarette future.

      


  • Wilbur Ross Sells 2 Holdings, Trims Another


    “Part of the reason why I’m supporting Trump is that I think we need a more radical, new approach to government, at least in the U.S., from what we’ve had before.” – Wilbur Ross, June 2016

      


  • HCP Spins Off Quality Care Properties

    (Published Dec. 1 Bob Ciura)


    HCP Inc. (NYSE:HCP), a health care real estate investment trust, recently made a huge decision that affects all of its shareholders. In response to deteriorating performance at HCR ManorCare, one of its biggest tenants, HCP spun off its ManorCare portfolio into a separate company.

      


  • Balance Sheet Can Buffer Losses Until Acquisitions Bear Fruit

    Cisco (NASDAQ:CSCO), the bruised networking giant, has come a long way from the lows it reached in February. The stock is now showing a year-to-date return of nearly 9%, and its dividend yield of 3.52% is mouth-watering. In the first quarter of 2017 Cisco’s revenues grew by 1% after being stuck at $49.2 billion in 2015 and 2016.


    L5rtdOrxzI4z9rGDr_h-R9TuxL8V-92OXJCaKElg

      


  • Ford’s Fortunes Rise, Fall Like a Tide

    The share price of the second-largest automaker in the U.S., Ford Motor Co. (NYSE:F), jumped by more than 6% in the early hours of trading Dec. 1.


    Buoyed by strong demand for F-series pickup trucks, Ford’s overall November sales numbers accelerated by 5%. Total sales increased to 197,574 vehicles as F-series posted 11% growth, the truck line’s best November sales since 2001.

      


  • Jeff Auxier Curbs Multiple Positions in 3rd Quarter

    Jeff Auxier (Trades, Portfolio) manages the  Auxier Focus Fund.The guru made the following reductions during the third quarter:


    The investor reduced his position in Molson Coors Brewing Co. Class B (NYSE:TAP) by 3.21%. The trade had an impact of -0.1% on the portfolio.

      


  • Morgan Stanley Cuts Price Targets for Goldcorp, Barrick Gold and Newmont Mining

    As reported by Barrons.com, Morgan Stanley has cut the target price for Goldcorp Inc. (NYSE:GG), Barrick Gold Corp. (NYSE:ABX) and Newmont Mining Corp. (NYSE:NEM) by 27%, 30% and 29%. The main reason for these negative corrections in the target price lies in a forecasted “lower longer-term price” of gold, according to Evan Kurtz, an analyst at Morgan Stanley.


    For Goldcorp, Morgan Stanley confirms its latest rating as overweight and set the target price at $16 per share. This is 24.4% lower than the average analyst price target of $19.74 per share.

      


  • John Paulson's Largest 3rd Quarter Trades

    John Paulson (Trades, Portfolio) is the president and portfolio manager of Paulson & Co. Inc. The guru’s largest trades during the third quarter were the following:


    The investor exited his stake in Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT) with an impact of -3.46% on the portfolio.

      


  • Energy Sector Showing Good Value Potential

    As of Dec. 1, the U.S. stock market’s total market cap to gross domestic product is 123.5%, about a 5% increase from Nov. 4 valuations. Even though the overall stock market is overvalued, some sectors are relatively undervalued. Among the sectors, the energy sector has the lowest median Shiller price-earnings ratio, suggesting potential value-increasing opportunities.


    Overall stock market overvalued according to Buffett and Shiller

      


  • Matthews Pacific Tiger Fund Comments on Orion Corp

    To further highlight, we were disappointed by the performance in one of our consumer discretionary businesses. Orion (XKRX:001800), a South Korean snack and confectionary company, is coping with a slowdown in China and also investing to launch new products to gain market share and expand their distribution channel. This negatively impacted Orion’s earnings and, hence, the stock was very volatile this quarter. We view this as only a short-term disruption in its business trajectory and not a long-term impairment.

      


  • Matthews Pacific Tiger Fund 3rd Quarter Commentary

    Performance figures discussed in any of the Fund Manager Commentaries reflect that of the Institutional Accumulation Class Shares (USD)

    For the quarter ending 30 September 2016, the Matthews Pacific Tiger Fund (Trades, Portfolio) returned 7.27%, while its benchmark, the MSCI All Country Asia ex Japan Index, returned 10.25%.  


  • Matthews China Fund Comments on CITIC Securities

    In recent months, life insurance stocks also provided strong performance as people started to focus on the long-term product improvements offered by insurers rather than focusing on shorter-term investment returns. CITIC Securities (SHSE:600030), a leading brokerage, was the major absolute detractor as volumes in China’s domestic stock markets remained weak and investors remained unwillingly to look past what we believe is a short-term issue.

      


  • Matthews China Fund Comments on Vipship

    Gree Electric Appliances (SZSE:000651) re-listed after it acquired an alternative energy battery producer. Although the merits of this acquisition remain to be seen, its core air conditioning business is showing signs of strength as the excess inventory in the channel has dissipated.


    From Matthews Fund third-quarter 2016 commentary.

      


  • Matthews China Fund Comments on Vipship

    Vipshop (NYSE:VIPS) continues to diversify its active users in online discount inventory clearances aimed at younger consumers. Although the average value of each purchase is lower, the volume increase generally offsets this, and appears to be leading to a broader business offering. The company is also increasingly selling more seasonal products as well as discounted product as its distribution reach grows.


    From Matthews Fund third-quarter 2016 commentary.

      


  • Mario Gabelli’s Top 3 New Holdings

    GAMCO Investors’ Mario Gabelli (Trades, Portfolio) acquired 51 new stocks in the third quarter. His top three new holdings are Fleetmatics Group PLC (NYSE:FLTX), Joy Global Inc. (NYSE:JOY) and Whole Foods Market Inc. (NASDAQ:WFM).


    Gabelli founded GAMCO in 1976 as an institutional research firm in New York. He serves as chairman and CEO. As of Sept. 30, the firm managed $39.9 billion in assets. The firm has an investment team of 15 portfolio managers who employ an intense research-driven approach to find undervalued companies. Their three key objectives are: identify a company’s EPS, free cash flow and private wealth management, define the catalyst that will push the price higher and evaluate the management.

      


  • Watch These 3-D Printing Stocks Ahead of Global 3-D Printing Day

    You are not reading that title incorrectly. Saturday, Dec. 3 marks a worldwide event, 3-D Printing Day. The day (3-D) refers to the date: the “third" of “D”ecember. The origin of the day can be traced back to General Electric (NYSE:GE) working to build global awareness around additive manufacturing. Since then, it has exploded into a worldwide phenomenon.


    The recent buzz that 3-D printing has received in general is no coincidence, as large conglomerates including GE, HP Inc. (NYSE:HP), Boeing (NYSE:BA) and even Facebook (NASDAQ:FB) have attempted to gain more exposure to the industry as a whole.

      


  • Pound/Dollar Forecast: Breaking Higher, 1.2610 Possible

    The pound/dollar trades at fresh 2-week highs having extended up to 1.2552 so far today and holding nearby ahead of the release of the U.K. Markit manufacturing PMI for November, expected at 54.5 from the previous 54.3. The pound found support in the release of the U.K. Nationwide house price index, which rose by 0.1% on a monthly basis, taking the annual rate of house price growth to 4.4% from 4.6% in October. Nevertheless, the report stated that "demand conditions have strengthened a little in recent months, reflecting the impact of solid labour market conditions and historically low borrowing costs," boosting the pound.


    GBPUSD 4H

      


  • What Is Under Burlington’s Hood?

    Burlington Stores Inc. (NYSE:BURL) delivered its fiscal third-quarter 2016 and nine-month operations report in November. In the recent three quarters, Burlington stated it grew sales by 8.9% to $3.9 billion while delivering an outstanding 74.7% profit growth to $90.3 million. The remarkable growth in profits was made despite a 7.4% increase in business expenses.


      


  • 52-Week Company Lows

    According to GuruFocus’ list, these stocks have reached their 52-week lows.


    Medtronic reached the 52-week low of $73.01

      


  • Facebook Inc (FB) COB and CEO Mark Zuckerberg Sold $95 million of Shares


  • Mazi Value 3rd-Quarter Performance

    The Long portfolio rose 0.22% in September while the Consolidated portfolio increased by 0.4 %. The portfolios closed up 6.39% and 4.8% for the quarter.


    performance-box

      


  • Skechers Usa Inc (SKX) CEO Robert Greenberg Bought $11 million of Shares


  • United States Steel Corp (X) President & CEO Mario Longhi Filho Sold $8.9 million of Shares


  • Dow Jones Gains 5.8% in November

    Stocks were mixed on Wednesday as U.S. market indexes ended the month with gains.


    For the day, the Dow Jones Industrial Average closed at 19,123.58 for a gain of 1.98 points or 0.01%. The Standard & Poor's 500 closed at 2,198.81 for a loss of 5.85 points or 0.27%. The Nasdaq Composite closed at 5,323.68 for a loss of 56.24 points or 1.05%. The VIX Volatility Index showed increased volatility in prices at 13.33 with a gain of 0.43 points or 3.33%.

      


  • Valeant, Salix, Sales Force and Asset Sales

    Valeant (NYSE:VRX) put out a press release today about expansion of sales force for their Salix business:


    Valeant Announces The Initiation Of A Primary Care Sales Force For Xifaxan® And Relistor®
      


  • Two Important Investment Principles

    I was recently reading through some old investor interviews from the excellent Graham and Doddsville newsletter from Columbia Business School, and I came across an interview from Glenn Greenberg of Brave Warrior (formerly Chieftain Capital). A couple years ago I commented on a talk that Glenn Greenberg did at Columbia, where he discussed his investment approach. My own investment approach tends to fall in line with Greenberg’s investment philosophy as well as his portfolio management approach. Despite a few misses here and there (notably Greenberg’s investment in Valeant, a company I discussed last year in this post), his overall performance has been outstanding over the past 3 decades.


    But putting Greenberg’s individual investment ideas aside, I’ve always like his general approach, specifically the following two points:

      


  • Fiscal Policy, Monetary Policy and Donald Trump

    First I want to break down where the federal government raises its taxes. It goes like this: $1.61 trillion in personal income taxes, $433 billion in corporate taxes, $797 billion in Social Security, $244 billion in Medicare, $55 billion in unemployment, $9 billion in “other” retirement, $100 billion in excise taxes, $21 billion in estate taxes, $39 billion in customs and $77 billion in what the Federal Reserve charges in interest on banks. The grand total federal tax receipts are $3.430 trillion.


    Now, let’s look at where we spend our money: $631 billion on defense, $563 billion on nondefense, $938 billion on Social Security, $585 billion on Medicare, $344 billion on Medicaid, $680 billion on mandatory programs, $283 billion on net interest, $6 billion on disasters and negative $67 billion on Joint Committee Enforcement. The grand total of money spent is $3.964 billion.

      


  • 9 Stocks Joel Greenblatt Continues to Buy

    Joel Greenblatt (Trades, Portfolio) is founder and managing partner of Gotham Asset Management LLC. In both the second and third quarters the guru bought shares in the following stocks:


    OraSure Technologies Inc. (OSUR)

      


  • Pioneer Investments Sells Chevron, General Electric

    Pioneer Investments (TradesPortfolio) operates in wide areas of investment vehicles: Mutual Funds, Single Manager Hedge Funds, Funds of Hedge Funds, Structured Products, Segregated and Managed Accounts, Institutional Funds. During the third quarter the guru’s largest sells were the following:


    The firm closed its shares in EMC Corp. (EMC) with an impact of -0.71% on the portfolio.

      


  • The Catch-Up Game Continues

    Third-quarter results of home improvement stores Lowe’s (NYSE:LOW) and Home Depot (NYSE:HD) has brought investor focus back to the diverging fortunes of both companies.


    Lowe’s, the older of the two, has been lagging behind Home Depot on several fronts, and the latter continues to expand its lead with strong numbers this year.

      


  • Abbott's i-STAT Alinity Received CE Mark

    Abbott (ABT) announced through PR Newswire Wednesday that “its i-STAT® Alinity™ System, an innovative, handheld blood testing platform, received CE Mark.”


    This means that the product can now be commercialized in Europe and other countries where CE marking is mandatory.

      


  • Becton Dickinson Lifts Dividend by 11%

    Becton Dickinson’s (NYSE:BDX) dividend was increased by 11%. Its overall yield is below that of the Standard & Poor's 500 Index at 1.71%. The firm has paid a dividend since January 1993.


    Becton Dickinson is a New Jersey-based manufacturer and distributor of medical supplies that was founded in 1897. The firm produces a wide variety of medical supply products such as syringes, needles, diagnostic equipment, catheters and injectables. The company also provides specimen and blood collection, molecular testing, blood culturing and microorganism identification through its Life Science Division.

      


  • Multiple Gurus Invest in Life Storage

    Jim Simons (Trades, Portfolio), Ken Fisher (Trades, Portfolio), Manning & Napier Advisors Inc. and Paul Tudor Jones (Trades, Portfolio) all invested in Life Storage (NYSE:LSI) in the third quarter.


    Life Storage is a fully integrated, self-administered and self-managed real estate investment trust (REIT) that acquires and manages self-storage property. The company is one of the largest self-storage companies in the world operating with approximately 650 self-storage facilities encompassing over 45 million square feet under the brand names Life Storage and Uncle Bob's Storage. The company is headquartered in Buffalo, New York, and employs more than 1,600 people.

      


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