New Earnings Season but Same Old Story & Other News

I wanted to share some interesting stories from this morning’s Wall Street Journal. Alcoa kicked off earnings season by announcing a surprise profit, earning $0.08 per share vs. analyst expectations of a loss of $0.08. Of course, me being a negative nillie, the line that caught my eye was the fact that revenue was down [...]

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Portfolio +34% YTD but Cautious Going Forward

View the spreadsheet containing all disclosures for my complete equity portfolio, including initial entry points, YTD returns, total returns, etc. through September 30, 2009. THE ENLIGHTENED-AMERICAN PORTFOLIO SPREADSHEET Enlightened-American Portfolio: +34.0% YTD (my actual IRR, including cash balance) DJIA: +10.7% Nasdaq: +34.7% S&P 500: +17.0% DJ WIlshire 5000: +20.1% Russell 2000 (smallcap): +21.1% September was [...]

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Portfolio Updated for September

September was a good month, indeed. An IRR (including cash balance) of 34% is keeping pace with the NASDAQ and lapping the S&P 500. After last month’s activity, cash available for investment sits at 37% of total capital so much of that return has been locked in. Do not mistake the large cash holding for [...]

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