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From the 247wallst.com article posted above "Fairholme Capital Management bought 305,000 shares of the iconic retailer’s stock at prices that fell in a wide range from $29.67 all the way up to $39.00. The total for the buy came to $10.5 million. Sha…
Bruce bought another 305K shares this past week.
http://247wallst.com/investing/2015/06/13/insider-buying-surges-as-volatile-market-presents-buying-opportunity/
Maybe they're selling back and forth to each other because I can't imagine who else would want them. It seems as crazy to me as buying shares in the Titanic after it hit the iceberg.
Mr. Berkowitz seems incapable of admitting that he has made a mis…
I read the article. Couldn't tell if they were pumping mid-cap funds or their two stock picks at the end. In any case I punched my ticket with POAGX long ago which has smoked their list of funds.
The title of Mr. Ritholtz's blog post:
More Fun With Useless Correlations: American Pharoah
Posted By Barry Ritholtz On June 8, 2015 @ 9:00 am In Bad Math, Cognitive Foibles, Investing
BRK.B, GE, MIC, NPK (diapers, military gear and pots & pans) along with BX and KKR if you're including them. Although Mr. Buffett would say I need to concentrate I am unable to decide upon which ones should be let go.
Me three here, interspersed with Medicare informational dinners. Yup, could have had dinner 2-3 nights a week but I wasn't confident in my ability to sit there without committing suicide or homicide. Just hold your nose and continue recycling as you…
At first I thought the title was the opening line to a joke but I must have missed the punchline in the body of the story. Anyway, paraphrasing Warren Buffett, "What do you have when you employ an economist in your company? One too many employees.
"Stock prices have risen rapidly over the past six years or so, but they were also severely depressed during and just after the financial crisis. Arguably, the Fed's actions have not led to permanent increases in stock prices, but instead have retur…
From the FWIW/WC (who cares) section: I don't invest much like everyone else here with a bunch of diversified(?) mutual funds and all like that. In fact I hold very few mutual funds. What I do hold is many solid dividend paying stocks primarily for …
@heezsafe - something tells me that the Rhinehart fiasco won't be able to hold a candle against the theatrics coming from the B.B. King estate but I hope I'm wrong.
Good article Bee. I think they are right on many aspects. My portfolio is overweighted toward the energy sector however I only hold the major pipeline companies (EPD, MMP, KMI) and have for a long time. Nothing they are doing now would cause me to r…
Actually Ted, I get most of my burgers at a bar but a Mary's Burger (Sydney, Australia) is to die for. And yes, have the folk's at Ramblin' Rascal's order you one. Culinary bliss!
Certain stocks might be stretching it but I don't think the sector as a whole has gone goofy. Now Shake Shack, that's a bubble and lala goofy to boot. It's a freakin' burger people and 5 Guys does it better anyway.
Ah, the elusive 'common good' wherein when one does better we all do better and like that. It's hard to imagine any change in this scenario until someday, somewhere, some group of shareholders rise up and say "You know CEO's, we're not going to pay …
Thanks Bee, I'm a little slow. Only one pot of coffee so far this morning. Interesting that in today's "gotta have it now!" world that these guys guys continue to putt along with checks and snail mail. That might have a lot to do with the performanc…
@Bee - M* notes a 19% cash position. Leaving aside the fact that M* doesn't always have the data just right how does that jive with your claim of no cash position?
Strictly my own point of view but I've given up playing many foreign emerging markets except possibly as a day trader and I would not leave any positions open over night. We talk about the Fed manipulating the uS market but they can't hold a candle …
I've released any thoughts I had in my younger days about making a killing in the stock market. These days I'm quite content with making more than I need to withdraw and watching the dividends roll in no matter which direction the wind, and/or Larry…
I would too Ted if I had bought PFF when you did. Instead I bought handfuls of individual preferred's that had been slaughtered. Later on I added a CEF just for the income.
davfor - Don't fight the Fed is an old, but reliable adage.
http://mutualfunds.about.com/od/wheretoinvest/fl/What-is-the-Meaning-of-Dont-Fight-the-Fed.htm
And like the US Fed, other countries are lowering their rates as well, some below zero, in a…
