If you search for “A successful speculator’s approach to commodities trading” by Morris Markovitz, you’ll probably find a pdf of a scan of this book. The whole book is worth reading, but I thought I’d transcribe the …
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Milton Friedman was a formidable economist, and person. I have admired him for most of my adult life. But when it comes to the Fed causing the Great Recession, I think Friedman was wrong. The idea was that the Fed allowed the money …
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Docusign “puked” today. It was down 32% pre-market. Dr Patel joked about it:
read moreDocusign stock price down 30% after analysts discover that the entire business can be replaced by pen and paper
— Dr. Parik Patel, BA, CFA, ACCA Esq. 💸 (@ParikPatelCFA) December 2, 2021 …
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This SA piece confirms my view on Suncor. It is profitable, with a foreward P/E of 11.3, it pays a healthy dividend (5.5%), which is well covered and has had recent strong growth. It claims a breakeven price of $35/barrel …
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This post recaps the guru investors who got it wrong in the mid nineties. Basically, they were warning about bubble valuations five years before the Dot Com crash. Being early is the same as being wrong. In the long run we are all right.
The issue …
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The Parallax View published a 9,933-word report on Oramed Pharmaceuticals (NASDAQ: ORMP on), an oral drug delivery systems company focused on treating diabetes. Parallax highlighted excessive insider compensation including $3.2 million to the company CEO, Nadav Kidron, and his mother, who serves as Chief Scientific Officer …
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Camping World Holdings is the leading supplier of recreational vehicles in the USA. It is highly geared and has some questionable management. It has a very low profit margin, because it has “a very high asset turnover.” A big component of the debt is related to …
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One theory of currency prices says that in the long run the value of a currency is inversely proportional to the amount of currency in existence. The idea is that the price of a foreign currency moves with the general price level, which itself is …
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MacroValue has an interesting take on Xerox. The thesis is that Covid-19 hit companies whose main business is providing consumables to offices like a spoonful of novichok. Although most businesses have seen their shares recover beyond where they were at the end of 2019, Xerox is …
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Democratic governments have decided that their re-electability is being threatened by rising energy prices, so they have released reserves of oil in a coordinated move to beat down the price. The problem is that with the world consuming approx 100 million barrels of oil a day …
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