Weekend Reading from Value Investing News - Templeton Edition

This was a very rough week for investors. First, the sad news that Sir John M. Templeton passed away. Then Iran does some sabre rattling, the market gets nervous about Fannie Mae (FNM) and Freddie Mac (FRE), crude oil breaks $145 a barrel, and finally the failure of IndyMac Bank (IMB). I’m definitely ready for the weekend. Here’s the top stories of the week at Value Investing News …
Original Source: www.fatpitchfinancials.com

  11 Julio, 2008| Fundamental Analysis | Comments (0) @ 20:26

Five for Friday (and the Weekend): Templeton Edition

Rough day today with no shortage of rumors swirling around Freddie Mac and Fannie Mae. Then news broke that IndyMac became the
second-biggest federally insured financial company to be seized
by US regulators after a run by depositors left the California
mortgage lender short on cash. Sounds like a great time — amid the Bear market — to hunker down, tune out the noise and perhaps read more about a truly great man who’d remain calm in these stormy seas….
Original Source: www.controlledgreed.com

  11 Julio, 2008| Fundamental Analysis | Comments (0) @ 18:06

Second Largest Bank Failure in U.S. History: Feds Seize IndyMac

It’s no longer a rumor; it’s now news. IndyMac (IMB) has failed.

From Reuters:

The FDIC said the estimated cost of the California-based bank’s failure to its insurance fund is between $4 billion and $8 billion. The regulator said it will operate IndyMac to maximize the value of the firm for future sale….
Original Source:

  11 Julio, 2008| Fundamental Analysis | Comments (0) @ 15:53

One of Largest Bank Failures in History: Feds Seize Indymac

It’s no longer a rumor; it’s now news. IndyMac (IMB) has failed.

Office of Thrift Supervision Shuts Down IndyMac (AP)

IndyMac Seized (Bloomberg)

…
Original Source:

  11 Julio, 2008| Fundamental Analysis | Comments (0) @ 15:53

Bookkeeping: ‘Rising Tide’ Performance Week 49

Week 49 performance of the mutual fundComments: Whew. Exhausting. The six week battle with our friend to the right continues. He has been a beast. Wait, he *is* a beast. Well, you know what I mean. Isn’t July prime hibernation season? (note to self: no.) Wasn’t it just May when we were making a 2 month run off o…
Original Source:

  11 Julio, 2008| Fundamental Analysis | Comments (0) @ 14:10

More Historic Actions (Potentially) by the Fed

Yawn. This is getting so old. Any problem in America…. Print more money, and hand out corporate welfare. Did anyone not see this coming? Oh well, the market reversed temporarily on the joyous sounds of helicopters in the distance. I haven’t brought out this picture in months - I’ve missed it. I continue to laugh in the face of “strong dollar” proponents. Everything we do is a destruction of those current greenbacks in your pocket….
Original Source:

  11 Julio, 2008| Fundamental Analysis | Comments (0) @ 12:44

Let’s Talk about Sociedad Quimica Y Minera de Chile (SQM)

I’ve followed Sociedad Quimica Y Minera de Chile (SQM) for a few months now with 1 eye; it shows up in our weekly top performers list constantly. This is a volatile “fertilizer” stock (not a pure play however), but the most expensive in my universe so I have not held it, but would be happy to do so at these levels as it’s lost 1/3rd of its value in oh, 3 weeks. Since I already own 4 fertilizer I don’t see a need to add this, but I do want to highlight the name, and point out both its kicker as a lithium supplier (think future batteries in all these next generation electric cars we’ve been pointing to in 2010+) @ 15% of sales, and that it is currently sitting at its 50 day moving average. If things really work out in the automotive side, the lithium business should end up actually being the crown jewel here in the long run….
Original Source:

  11 Julio, 2008| Fundamental Analysis | Comments (0) @ 12:10

CNBC Bonus Bucks Trivia: CNBC fans know Texas topped our Top States for Business 2008 list. But which state won for cost of doing business?

…
CNBC fans know Texas topped our Top States for Business 2008 list. But which state won for cost of doing business?
South Dakota

Original Source:

  11 Julio, 2008| Fundamental Analysis | Comments (0) @ 12:00

CNBC Bonus Bucks Weekly Quiz: Traders break patterns into two types; continuation and _______.

…
Traders break patterns into two types; continuation and _______.
Reversal.

Original Source:

  11 Julio, 2008| Fundamental Analysis | Comments (0) @ 11:02

CNBC Bonus Bucks Trivia: In Thursday’s “Stop Trading” post, what does Jim Cramer call “the only thing working”?

…
In Thursday’s “Stop Trading” post, what does Jim Cramer call “the only thing working”?
According to Cramer, the only thing working is, again, healthcare.

Original Source:

  11 Julio, 2008| Fundamental Analysis | Comments (0) @ 11:01

SVU: SuperValu Sure Looks Like One

My latest column is up at RealMoney.
Given that the grocery industry is typically classified as noncyclical, nondiscretionary and defensive, Supervalu’s (SVU) stock chart looks pretty scary. After reaching a high of more than $47 a share last year, the stock drifted down along with other grocers, then p…
Original Source:

  11 Julio, 2008| Fundamental Analysis | Comments (0) @ 10:28

CNBC Bonus Bucks Trivia: In the Thursday Stock Blog post, Three New Energy ETFs You Should Know, which one was NOT on the list?

In the Thursday Stock Blog post, Three New Energy ETFs You Should Know, which one was NOT on the list?
Trader Talk blogger Bob Pisani reported on three new Powershares energy ETFs that investors should know:
- Global Wind (PWND)…
Original Source:

  11 Julio, 2008| Fundamental Analysis | Comments (0) @ 10:21

Bookkeeping: Adding back some Baidu.com (BIDU) and Apple (AAPL)

I have to say I am mighty impressed by Apple (AAPL) and Baidu.com (BIDU). I cut these names Monday [Cutting the Strongest Tech] anticipating a tech stock breakdown. Many tech stocks have broken down - but these two have been really holding up. I don’t want to really be “out” of them; I was just hoping for a pocket of serious weakness to add at far lower prices - that has not happened. So I am going to reverse part of my sales here and get some back - I still think there is more upside in other beaten down names but you have to respect such strength in a shoddy market. I had cut these to the bone (0.1% of portfolio)…
Original Source:

  11 Julio, 2008| Fundamental Analysis | Comments (0) @ 9:06

S&P 1225 Finally Reached

Well, the PPT could only hold it off for so long, S&P 1225 is now on the scene. So we now are back to summer 2006 lows.Frankly I don’t really want to sell any merchandise - we can see whenever the market even stays stable for 3 hours these stocks are running - we were up nearly 1.5% this AM as the market was down 1%. So selling now is simply guessing when the market will turn and I have no idea. I continue to believe we need to have 1 gut wrenching fall from here (maybe by 4 Pm today) and then open down on Monday and maybe we finally have that elusive bottom. Almost every day the Invisible Hand keeps buying those darn pre market futures and we can never get one of those whoosh down mornings where you wake up, and want to hide under the bed. Maybe Monday they will allow us to pull off the bandaid quickly instead of slowly….
Original Source:

  11 Julio, 2008| Fundamental Analysis | Comments (0) @ 8:33

CNBC Bonus Bucks Trivia: In her post “Buy or Rent? Learn the Rule of 15?, Carmen Wong Ulrich says “If I were to sell my home today, I?d…”

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In her post “Buy or Rent? Learn the Rule of 15″, Carmen Wong Ulrich says “If I were to sell my home today, I?d…”
If I were to sell my home today, I’d rent for at least a year. And I’m in New York City.

Original Source:

  11 Julio, 2008| Fundamental Analysis | Comments (0) @ 8:07

Import Prices Now Breach 20% Year over Year

Well once we get through the latest financial crisis (remember when they told us it was the kitchen sink quarter last fall?) - we can begin to focus on the disaster that is the economy, errr…. I mean, we can focus on the “slightly slow growth” economy with benign inflation that has not become anchored in the citizanery psyche.Unlike the talking heads, I do not focus on the highly manipulated CPI or PPI - if you’ve been around a while you know why. I love to use the import report which came out today [J…
Original Source:

  11 Julio, 2008| Fundamental Analysis | Comments (0) @ 7:15

Semi-upbeat housing news

ReviewJournal.com - Business - HOUSING: Foreclosures push sales higher
I am starting to find spots of recovery in the housing markets where I have some knowledge. I have been chronicalling here over the last few months the apparent start of a recovery in the Sacramento market. I have also lived for extended periods in Las Vegas and I am sharing the article linked above. Here are a couple of excerpts:
…
Original Source: timplaehn.com

  11 Julio, 2008| Fundamental Analysis | Comments (0) @ 6:57

CNBC Bonus Bucks Trivia: In Matt Nesto’s Stock Blog piece, “Dow-Rohm Deal: Coat-Tail Winners,” which firm is “even…considered a spec chem”?

In Matt Nesto’s Stock Blog piece, “Dow-Rohm Deal: Coat-Tail Winners,” which firm is “even…considered a spec chem”?
…even International Flavors & Fragrances (IFF) is considered a spec chem.

…
Original Source:

  11 Julio, 2008| Fundamental Analysis | Comments (0) @ 6:39

Freddie (FRE), Fannie (FNM) Crushed in Premarket

I believe in the era of lightning speed global transfer of capital, along with huge pools of capital (hedge funds) owning the vast majority of daily trading volume, along with the loss of the “up tick” rule (meaning you have to wait for the stock to trade up to layer on more short positions) - things are moving far faster than ever imagined. I can imagine a scenario, much like a wounded zebra in Africa, the scent of blood attracts the pack of lions (take the top 5-10 hedge funds) working in concert… err independently… to pummel these stocks into the ether. Financials are all about “confidence” since they are leveraged to the hilt - for every trillion these companies “guarantee” they have a few billion to cover the actual loans. That is essentially our entire financial system of the past 30 years. Once you lose confidence - you are done - as B…
Original Source:

  11 Julio, 2008| Fundamental Analysis | Comments (0) @ 6:18

Gaming Stocks Absolutely Destroyed Yesterday

Did I mention avoid anything to do with the U.S. consumer? Yesterday…Wynn Resorts (WYNN) down 10%Las Vegas Sands (LVS) down 11%(grand prize to) MGM Mirage (MGM) down 21%Story to follow (we’ve been on this since last summer)… but thankfully Steve Wynn decided to destroy the greedy shorts in afterhours w…
Original Source:

  11 Julio, 2008| Fundamental Analysis | Comments (0) @ 6:00

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