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What We’re Reading This Morning — August 26, 2014

Tuesday, August 26th, 2014 512px-Ackerman_farmer

How much do recessions and expansions really matter for equity investors?

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What We’re Reading This Morning — August 13, 2014

Wednesday, August 13th, 2014 512px-Ackerman_farmer

What trend should scare Apple shareholders? And other morning reads.

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Do Microsoft Bulls Have A Convincing Case?

Tuesday, August 5th, 2014 14450220780_28247b8642_m

MSFT currently earns our Neutral rating, but if new CEO Satya Nadella can halt the company’s declining return on invested capital (ROIC), the stock’s valuation is cheap enough to make it intriguing.

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What We’re Reading This Morning — August 5, 2014

Tuesday, August 5th, 2014 512px-Ackerman_farmer

What is Warren Buffet doing with all of his cash? And other picks from around the web.

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Amazon’s New Smartphone Spells Trouble for Apple (AAPL)

Friday, June 6th, 2014 AMZN_kindle

A high quality smartphone from Amazon that undercuts higher-priced competitors could mean more serious trouble for Apple’s iPhone and the company’s declining profit margins.

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Apple’s Declining Advantage is Undeniable

Wednesday, January 22nd, 2014 10051113933_27211bffeb

Apple cannot have pricing power and market share at the same time. No one can for an extended period of time. The problem with AAPL is that it is priced for the company to achieve market share penetration and growth at high prices. The reality is that the quality of Apple products versus competitors is declining. Prices will have to come down just to maintain market share.

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Apple Stays Rotten

Thursday, September 19th, 2013 AAPL_ROIC

The “value” in Apple is an illusion. Astute investors need to look at Apple through the lens of what is a reasonable ROIC in the future.

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Excess Cash – Invested Capital Adjustment

Wednesday, August 7th, 2013 ExcessCashTable

Most companies hold some cash—or cash equivalents in the form of investments—above this required amount. Companies hold excess cash in order to cushion against economic downturns, prepare for acquisitions, or any number of other reasons. Sometimes, past profits pile up on balance sheets and are a form of excess cash. Excess cash is not needed for the operations of a company. It is removed from our calculation of invested capital.

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Danger Zone 6/17/13: Citigroup (C)

Monday, June 17th, 2013 DZCG1

As the market bulls continue to look to rising interest rates as a sign of future strength for Citi, they ignore the fundamentals of the market and of Citi’s weak profit history.

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Danger Zone 6/10/13: “Passive” Investors

Tuesday, June 11th, 2013 Danger Zone 6/10/13: “Passive” Investors

Passive investors are in the Danger Zone for not recognizing that they are actually active investors.

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Danger Zone 5/13/2013: Apple Inc. (AAPL)

Tuesday, May 14th, 2013 appleSlice

Too many investors are looking at AAPL through the rear view mirror and assume that its sky-high profits and return on invested capital (ROIC) are sustainable. As I detail in my CNBC interview, Apple is not cheap and investors should not underestimate the impact of losing Steve Jobs.

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How To Avoid the Worst Style ETFs

Tuesday, March 26th, 2013 HowWorstStyleETFsFig1

Picking from the multitude of style ETFs is a daunting task. We are here to make it simpler and smarter.

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Best & Worst ETFs & Mutual Funds: Energy Sector

Tuesday, January 29th, 2013 Energy_Fig5

The Energy sector ranks fifth out of the ten sectors as detailed in my Sector Rankings for ETFs and Mutual Funds report. It gets my Neutral rating, which is based on aggregation of ratings of 20 ETFs and 73 mutual funds in the Energy sector as of January 25th, 2013.

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The Danger Zone Pick: 11/12/12

Monday, November 12th, 2012 The Danger Zone Pick: 11/12/12

JPMorgan Trust II: JPMorgan Large Cap Growth Fund (OLGAX) is in the Danger Zone this week.

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How To Avoid The Worst ETFs

Tuesday, October 16th, 2012 HowAvoidWorstETFsFig1

The focus of this article is investing risk or the relative investment potential of the ETF. This risk is much more difficult to asses because it requires researching the investment potential of the ETFs holdings.

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Fox Interview: Street Fight and Market Outlook

Thursday, September 27th, 2012 Fox Interview: Street Fight and Market Outlook

In my recent interview, Fox Business’ David Asman digs into the details of what makes a good stock in the current market environment.

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Buy CSCO: A Treat For Value Investors

Tuesday, August 14th, 2012 CSCO_Fig1

Seldom do value investors get a chance to have their cake and eat it too. And that is exactly what we have with Cisco (CSCO) stock.

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How To Survive the Euro Crisis

Tuesday, June 26th, 2012 How To Survive the Euro Crisis

As I wrote in “Don’t Be Fooled: Get Short Now”, the euro is not that different from Enron, WorldCom or the Madoff fund. All of these organizations were able to pretend they were profitable or solvent long after they were insolvent.
Now markets are finally acknowledging the intractability of the Euro debacle.

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ETF Pair Trade To Navigate Shifty Tech Stocks

Tuesday, May 29th, 2012 ETF Pair Trade To Navigate Shifty Tech Stocks

I have a pair trade (i.e. long/short) ETF strategy for investors who want to maximize upside potential and minimize downside risk in Technology stocks.

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Fox Business TV Interview: Market Outlook and Top Stock Picks

Friday, May 25th, 2012 Fox Business TV Interview: Market Outlook and Top Stock Picks

I discuss my market outlook and top stock picks in this interview today.
In general, I think most of the… Read more >>

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