115th Edition of the Festival of Stocks

Welcome to the November 17th, 2008 edition of the Festival of Stocks, hosted this week by the Enlightened American site.  Below, you’ll find a selection of posts covering a wide array of topics in investing and personal finance.  You can find more information on the Festival of Stocks here. For new visitors, my blog focuses [...]


Q3 2008 13F Portfolio Holdings

Professional money managers have filed their 13F filings for Q3 2008. I will examine them over the weekend and publish my comments next week but submit the spreadsheet links below for readers.  Marty Whitman’s filing was slightly incomplete so I substituted David Einhorn for Third Avenue. Also, if you have a strong case for other [...]


UFC 91: Lesnar vs. Couture Predictions

UFC Heavyweight Title Fight: Randy Couture vs. Brock Lesnar Lesnar’s third fight in the big-time and he’s in the title fight.  I’ve always been impressed with Lesnar’s athletic ability.  The man is just a freak of nature even back in his pro-wrestling days, when he flew around like 100-pound lucha wrestler.  But Couture is the [...]

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Chesapeake Energy (CHK) Shoring Up Balance Sheet

I  commented on Chesapeake Energy (CHK) a few weeks ago so other than a brief Q3 update here, I refer you to that post. The company’s cash flow is still holding up with OCF in at $1.4B, basically even from last quarter and up about 25% y/y.  CHK is slowly working to cash flow neutral [...]


Sold ACAS This Morning

Usually, I do not post portfolio adjustments but once a month as I update the holdings spreadsheet but with all my commentary on ACAS in recent months, I felt an obligation to readers to disclose I’ve sold out of ACAS @ $6.20 for a 70% loss. I’ve been thinking about this damn stock for a [...]


Obama’s First Failure

I am mostly a fan of Fareed Zarkaria, a foreign-affairs oriented journalist with his own show on CNN and columns in Newsweek. He’s also written a new book, The Post-American World, which I have not read.  While I don’t agree with him all of the time, I do find him insightful once you discount some [...]