In this Web exclusive, we present further excerpts from his talk with the students, in which the megabillionaire offers his insights on judging managers, buying businesses, what metrics - if any - he relies upon, and why he views his job as similar to painting the Sistine Chapel.
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Friday, May 2, 2008
Tuesday, April 29, 2008
Fed could burst oil's bubble
Central bank rate cuts have devalued the dollar, fueling the rise in crude prices; but if rate slashing stops, oil's rise may ease.
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Friday, April 25, 2008
Weekend reading
Investing isn't just a coin tossThere's a lingering idea that past performance doesn't matter, even in investing. True, it's no guarantee, but performance does count. Here's why.
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read also
read more | digg story
read also
AAPL
Many said that Apple's numbers were so-so, but not so bad at all after the iPod maker posts better-than-expected increase in revenue and profits on strong Mac. But Investors shouldn't be too surprised though since Apple consistently is conservative with its guidance. In fact I've been bullish on AAPL stock for sometime going back several months ago when wrote "love is blind" on my blog here at SLO;
an odd opinion about apple
inspired by book:KARAOKE CAPITALISM
We have heard already people talking about apple in a language usually reserved for small, fluffy animals and close family members! If you like more soul than life, lick the buttons( Steve Jobs once said: " We made the buttons on the screen look so good you'll want to lick them" ) and wow experience you get all in one apple! If your company has to hire a new CEO, you hire Steve and you'll most likely have a true Chief Emotional Officer also. It seems like that magic apple has a synesthetic content, too..
But AAPL is about first, being fit by creating business models that are well adapted to the new business conditions and second, being sexy by building and creating emotional innovations and moods that attract and addict customers. In my opinion the company has the answers about what does the apple sound, feel, taste or smell like.
I'm not smart enough to predict whether share price will double or triple, but for sure more emotions will be added in any product they deliver so driving the sales.
Who will win, fundamental or emotional analysis?
see entry
Btw- Apple CEO Steve Jobs boasted about the company's strong results. "With over $17 billion in revenue for the first half of our fiscal year, we have strong momentum to launch some terrific new products in the coming quarters," Jobs said in a statement.
and
Apple chief financial officer Peter Oppenheimer did not appear too concerned about the economic slump. When asked if Apple is feeling any effects of the slowdown, Oppenheimer said that traffic in Apple's retail stores continue to grow.
It has been a volatile couple of months for Apple. Shares plunged earlier this year along with other tech stocks due to concerns about the slowing economy as well as fears about competition for Apple's iPhone from Research in Motion's etc In fact during those setbacks I've been buying it
Of course, would like to listen bearish opinions, if any.
In the meantime, enjoy your investing world!
Everything else is life!
Armin
armin's stock selection blog
an odd opinion about apple
inspired by book:KARAOKE CAPITALISM
We have heard already people talking about apple in a language usually reserved for small, fluffy animals and close family members! If you like more soul than life, lick the buttons( Steve Jobs once said: " We made the buttons on the screen look so good you'll want to lick them" ) and wow experience you get all in one apple! If your company has to hire a new CEO, you hire Steve and you'll most likely have a true Chief Emotional Officer also. It seems like that magic apple has a synesthetic content, too..
But AAPL is about first, being fit by creating business models that are well adapted to the new business conditions and second, being sexy by building and creating emotional innovations and moods that attract and addict customers. In my opinion the company has the answers about what does the apple sound, feel, taste or smell like.
I'm not smart enough to predict whether share price will double or triple, but for sure more emotions will be added in any product they deliver so driving the sales.
Who will win, fundamental or emotional analysis?
see entry
Btw- Apple CEO Steve Jobs boasted about the company's strong results. "With over $17 billion in revenue for the first half of our fiscal year, we have strong momentum to launch some terrific new products in the coming quarters," Jobs said in a statement.
and
Apple chief financial officer Peter Oppenheimer did not appear too concerned about the economic slump. When asked if Apple is feeling any effects of the slowdown, Oppenheimer said that traffic in Apple's retail stores continue to grow.
It has been a volatile couple of months for Apple. Shares plunged earlier this year along with other tech stocks due to concerns about the slowing economy as well as fears about competition for Apple's iPhone from Research in Motion's etc In fact during those setbacks I've been buying it
Of course, would like to listen bearish opinions, if any.
In the meantime, enjoy your investing world!
Everything else is life!
Armin
armin's stock selection blog
Friday, April 18, 2008
Thursday, April 17, 2008
Dry Bulk Shipping Again!
Idea:
more about my socialPicks here
Genco Shipping & Trading Limited ( GNK ) is an international shipping company that transports iron ore, coal, grain, steel products and other drybulk cargoes along worldwide shipping routes. The company's fleet of dry cargo vessels consists of Panamax, Handymax and Handysize vessels.
Genco, a Zacks #2 Rank (Buy), has a young fleet with an average age of six years compared to 16 years in the industry. The company's strategy is to manage and expand the fleet in a way that enables it to pay dividends to shareholders.
On Feb 13, Genco announced its fourth-quarter earnings and beat Wall Street estimates by 11.54%, or 12 cents per share. Net income was $33.5 million, or $1.16 per share, compared to $16.5 million, or 65 cents per share, in the fourth-quarter 2006. Analysts expected $1.04 per share.
Revenues increased 84% to $65.7 million from $35.7 million in the year-ago period, primarily due to the operation of a larger fleet.
The company has been successful in increasing rates. The average daily time charter equivalent, or TCE, rates obtained by the fleet increased 52.4% to $31,140 per day for the fourth quarter compared to $20,435 in the same period in 2006.
81% of the Fleet Secured on Contracts for 2008
On Mar 31, the company announced that it reached an agreement to extend the charter on one of its vessels, the Genco Marine, which was currently on charter with NYK Bulkship Europe S.A. The extended contract will be for 11 to 13 months at a rate of $47,000 per day, not including a 5% third party brokerage commission.
The company now has 81% of the fleet's available days secured on contracts for the rest of 2008. GNK believes securing these contracts will lock in earnings stability and will strengthen its ability to distribute large dividends to shareholders.
Analysts are Bullish about the First Quarter and 2008
Brokerage analysts are bullish on Genco for the first quarter and the year. Two out of five coverage analysts raised estimates in the last 30 days by one cent to $1.46 from $1.45. Sixty days ago, analysts were calling for $1.42 per share.
For the full year, consensus estimates rose 35 cents to $7.13 from $6.78 per share. Sixty days ago, analysts were estimating $6.70 a share.
Despite a recent run in the stock, the company still trades with a 2008 P/E of only 7.97. It has an outstanding five year average return on equity (ROE) of 20%. GNK's current dividend yield is approximately 5.70%. Analysts expect 2008 earnings growth of 36.85%.
by Zacks
see also my socialPicks
more about my socialPicks here
Genco Shipping & Trading Limited ( GNK ) is an international shipping company that transports iron ore, coal, grain, steel products and other drybulk cargoes along worldwide shipping routes. The company's fleet of dry cargo vessels consists of Panamax, Handymax and Handysize vessels.
Genco, a Zacks #2 Rank (Buy), has a young fleet with an average age of six years compared to 16 years in the industry. The company's strategy is to manage and expand the fleet in a way that enables it to pay dividends to shareholders.
On Feb 13, Genco announced its fourth-quarter earnings and beat Wall Street estimates by 11.54%, or 12 cents per share. Net income was $33.5 million, or $1.16 per share, compared to $16.5 million, or 65 cents per share, in the fourth-quarter 2006. Analysts expected $1.04 per share.
Revenues increased 84% to $65.7 million from $35.7 million in the year-ago period, primarily due to the operation of a larger fleet.
The company has been successful in increasing rates. The average daily time charter equivalent, or TCE, rates obtained by the fleet increased 52.4% to $31,140 per day for the fourth quarter compared to $20,435 in the same period in 2006.
81% of the Fleet Secured on Contracts for 2008
On Mar 31, the company announced that it reached an agreement to extend the charter on one of its vessels, the Genco Marine, which was currently on charter with NYK Bulkship Europe S.A. The extended contract will be for 11 to 13 months at a rate of $47,000 per day, not including a 5% third party brokerage commission.
The company now has 81% of the fleet's available days secured on contracts for the rest of 2008. GNK believes securing these contracts will lock in earnings stability and will strengthen its ability to distribute large dividends to shareholders.
Analysts are Bullish about the First Quarter and 2008
Brokerage analysts are bullish on Genco for the first quarter and the year. Two out of five coverage analysts raised estimates in the last 30 days by one cent to $1.46 from $1.45. Sixty days ago, analysts were calling for $1.42 per share.
For the full year, consensus estimates rose 35 cents to $7.13 from $6.78 per share. Sixty days ago, analysts were estimating $6.70 a share.
Despite a recent run in the stock, the company still trades with a 2008 P/E of only 7.97. It has an outstanding five year average return on equity (ROE) of 20%. GNK's current dividend yield is approximately 5.70%. Analysts expect 2008 earnings growth of 36.85%.
by Zacks
see also my socialPicks
Wednesday, April 16, 2008
China economy slows a touch
By Eadie Chen and Simon Rabinovitch BEIJING (Reuters) - China shrugged off atrocious winter weather and a global credit crunch to post surprisingly strong economic growth of 10.6 percent for the first quarter. The outcome will be welcome to global...
read more | digg story
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Tuesday, April 15, 2008
stockPick
Encore Acquisition Company ( EAC ), an independent exploration and production company, is in the hot energy sector and has seen its shares trade up sharply in recent sessions. Brokerage analysts have been raising estimates as crude and natural gas prices stay at elevated prices.
Two out of five covering analysts raised for the first quarter in the last week by one cent to 82 cents from 81 cents a share. For the year, analysts are equally as bullish. Two out of six analysts raised consensus estimates in the last week by seven cents to $3.38 from $3.31 a share. Estimates are up by 44% in the last 90 days.
Encore, a Zacks #1 Rank (Strong Buy), has surprised on estimates the last four quarters by 22.90%. EAC reports first-quarter earnings May 8...by Zacks
Sentiment. Buy
twitter
Two out of five covering analysts raised for the first quarter in the last week by one cent to 82 cents from 81 cents a share. For the year, analysts are equally as bullish. Two out of six analysts raised consensus estimates in the last week by seven cents to $3.38 from $3.31 a share. Estimates are up by 44% in the last 90 days.
Encore, a Zacks #1 Rank (Strong Buy), has surprised on estimates the last four quarters by 22.90%. EAC reports first-quarter earnings May 8...by Zacks
Sentiment. Buy
Monday, April 14, 2008
What Warren thinks...
What Warren thinks...With Wall Street in chaos, Fortune naturally went to Omaha looking for wisdom. Warren Buffett talks about the economy, the credit crisis, Bear Stearns, and more.By Nicholas Varchaver,
read more | digg story
read more | digg story
Thursday, April 10, 2008
Opportunities remain intriguing over the long-run.
We upgrade our rating to Buy for Research In Motion (RIMM), following the company s record performance in the fourth quarter of fiscal 2008 (ended March1) along with an encouraging financial outlook provided by management. We expect the smart-phone device market to gain momentum as opportunities remain intriguing over the long-run. The company s channel sales expansion initiatives are also considered an impetus for meaningful top-line growth as carriers in new geographical regions launch Blackberry-enabled services. It is our view that RIMM will be able to maintain favorable average selling prices (ASP), due to technical superiority, despite facing increased competition. The company introduced a series of next-generation BlackBerry smartphones, specifically targeting CDMA EV-DO, EDGE, and Wi-Fi networks as other competitors are challenged with entry into
numerous wireless carriers around the world.
Source: Zacks
Target: 140
armin's stock selection
numerous wireless carriers around the world.
Source: Zacks
Target: 140
armin's stock selection
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