Portfolio Performance +5.2% Through March 2009

Click here to view the spreadsheet containing all disclosures for my complete equity portfolio, including initial entry points, YTD returns, total returns, etc. THE ENLIGHTENED-AMERICAN PORTFOLIO SPREADSHEET Enlightened-American Portfolio: +5.2% YTD (including dividends) DJIA: -13.3% Nasdaq: -3.1% S&P 500: -11.7% DJ WIlshire 5000: -8.9% Russell 2000 (smallcap): -15.4% The stock market enjoyed a strong rally [...]

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Freeport McMoran Reassures With Latest Update

Readers can dig into all the gory numbers from the company’s press release, so here’s a brief summary of key items: Freeport McMoran (FCX) managed to generate $201M in operating cash flow (OCF) on realized metals prices of $1.55 copper, $818 gold and $24.55 molybdenum. While the moly price has fallen further to $9/lb, Q4′s [...]

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DOA Dr. Copper part 2: Northgate Minerals (NXG)

See part 1 (Freeport McMoran FCX) here. Northgate Minerals also had a rough Q3: Gold production of 64.6k oz au fell 28% below projections.  Copper production @ 9.2M lbs was 41.3% lower than forecasted a quarter earlier.  While their flagship Kemess mine was the main culprit due to some operational issues (now resolved), all three [...]

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DOA Dr. Copper part 1: Freeport McMoran (FCX)

Beware to those who ignore historical market cylicality.  I made two late-cycle investments in stocks heavily associated with copper and am paying for it now.  While I hardly bought in at the top, being early doesn’t feel much different from being wrong.  Unlike my previous blow-up with American Capital (ACAS), I do not believe the [...]

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Portfolio Performance: -0.4% YTD through September 2008

Click here to view the spreadsheet containing all disclosures for my complete equity portfolio, including initial entry points, YTD returns, total returns, etc. THE ENLIGHTENED-AMERICAN PORTFOLIO SPREADSHEET Enlightened-American Portfolio: -0.4% YTD (including dividends) DJIA: -18.2% Nasdaq: -21.5% S&P 500: -20.7% DJ WIlshire 5000: -20.0% Reuters 2000 (smallcap): -11.3%

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Market Commentary Part 2 (or Ball Watching)

I start with an analogy…I used to be a big fan of that TV show, Friends but toward the end of its run, I got really bored with the show and couldn’t have cared less when it came off the air.  And my least favorite character was Joey, so I had absolutely no interest when [...]

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