Skip to main content

Stock picks

My QQQQ Fibonacci series play which I posted here a few weeks ago, is still live.

With the market rally yesterday, I am in plus territory and still looking for a few hundred points further up on the NAS before closing it.

Additionally today I took opening positions in HOV, CTX, KBH and PHM. There are more homebuilders that are out there, but Bill Miller of Legg Mason Value Trust owns the later three, and that is good enough for me. This is clearly an early play - I don't expect a housing rebound sooner than one year - but the stock price may anticipate the demand. At least that is what I hope....

Comments

James said…
Gutsy move to dive (pun intended) into home builders at this stage, but the Oracle of Omaha bought HOV so maybe it's not too early.

One that intrigues me is Gatehouse Media (GHS). They own over 80 different local newspapers and yellow pages and the current yield is over 12%. The stock has been beaten down because of the concern about falling advertising revenues at the big papers like the New York Times, etc. Plus, lately a PIG has taken a small position in the stock. I sense a buyout, but even if there isn't one, the yield is nice.

My most recent buy was CTSH.

Popular posts from this blog

Book Review: What Matters Now by Gary Hamel

Interview of Eric Schmidt by Gary Hamel at the MLab dinner tonight. Google's Marissa Mayer and Hal Varian also joined the open dialog about Google's culture and management style, from chaos to arrogance. The video just went up on YouTube. It's quite entertaining. (Photo credit: Wikipedia)Cover of The Future of ManagementMy list of must-read business writers continues to expand.Gary Hamel, however, author of What Matters Now, with the very long subtitle of How to Win in a World of Relentless Change, Ferocious Competition, and Unstoppable Innovation, has been on the list for quite some time.Continuing his thesis on the need for a new approach to management introduced in his prior book The Future of Management, Hamel calls for a complete rethinking of how enterprises are run.

Fundamental to his recommendation is that the practice of management is ossified in a command and control system that is now generations old and needs to be replaced with something that reflects an educat…

Book Review- Stretch by Scott Sonenshein

Have you ever watched, or been involved in, a business failure, where, despite the best efforts of hardworking people, the business doesn’t survive? Scott Sonenshein lived through it, as he describes in the Introduction to his engrossing book Stretch.  (In some books, the reader can skip the intro- not this one; the introduction is a must-read part of the book.) He was hired by start-up Vividence in Silicon Valley at the very apex of the tech boom.  Despite prestige VC backers, top-tier hires and $50 million, Vividence didn’t make it. As his career continued, that experience led to an interest in why some well-funded operations don’t succeed, while other, more resource constrained, do. Peter Senge wrote about reinforcing cycles as part of his book The Fifth Discipline, which I consider one of the finest business books ever penned. In it, Senge describes the downward cycle that some companies fall into, and why it is so difficult to reverse. Sonenshein explores those cycles from diffe…

Tax Inversions

A savvy businessman once told me “it’s important to know what problem you are trying to solve”.
Let’s ignore for the moment whether or not Treasury or the IRS had the power to change the rules on so-called tax inversions without Congressional action. (The power they said they didn’t have only a few months ago.)
Rather, let’s focus on what problem we are trying to solve. That is, why is the greatest country on earth chasing companies away? Shouldn’t the U.S. be the place that companies want to locate their headquarters?
Imagine this: the U.S. legal structure and tax regime was so attractive that Mercedes, Toyota, Astra Zeneca, Samsung, Total, Singapore Air, Banco Santander, Petrobras, Fujitsu, Nokia, SAP, Audi, Tata Group, Lenovo, Pirelli, Deutsche Bank, Honda, LG, Hyundai, Roche, Credit Suisse, Four Seasons, Siemens, Phillips, Bridgestone, Anglo-America, DeBeers, Volkswagen, Canon,  L’OrĂ©al, Swatch, Armani, LVMH, Toshiba, H&M, Mahindra, Aldi, Kubota, Onex, Ducati, Pemex, Saudi-Ara…