What To Do With New Money?

A reader has some change burning a hole in his pocket and asks the following:
“I have read you posts from time to time on Seeking Alpha and have recently become a regular visitor of the Englightened American blog.
I would love to see a post on where to invest new money… not necessarily the stock [...]

1 Comment

ACAS’ Survival Chances? Your Guess As Good As Mine

A reader emailed a question regarding ACAS:
“I really like you posts on ACAS. I have lost so much money on this wooffer that is
beyond pain. No, actually the pain is still there.
Without holding you liable in any way, shape or form, is this thing going under? If
you take a two year view [...]


Seth Klarman, David Einhorn & Meryl Witmer Q3 2008 Holdings

Seth Klarman is one of the more secretive money managers out there so I don’t know what returns Baupost has generated in 2008.  Here are some recent stories with his thoughts on current market conditions. Looking at his SEC filing, I see a few interesting moves:

Klarman didn’t open any bold new positions other than $61M [...]

1 Comment

Bruce Berkowitz, Bob Rodriguez & Mohnish Pabrai - Q3 2008 Holdings

Fairholme Capital, led by Bruce Berkowitz, runs a pretty focused portfolio and I found their most recent filing very interesting:

Berkowitz’s two largest new positions were big stakes in Boeing (BA) and Northrop Grumman (NOC), the win-win US tanker contract trade, if you will.  I have both on my watchlist and keep in mind that Berkowitz [...]

No Comments

Penn West Energy (PWE) 2008 Q3 Earnings Update

2008 Q3 highlights (all figures C$ unless otherwise noted):

Due to the acquisitions, YOY comparisons may be misleading so I will be focusing on changes from Q2 2008. Keep in mind prices hit records in the beginning of Q3 (US$145) and now sit under US$60:
Operating cash flow (OCF) came in at $1.58 per share [...]

No Comments

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 mostly [...]