Summary 2015 is a historical record year for TRN. Extreme pessimism regarding litigation and industry has pushed stock to opposite extreme. 2016 earnings and positive litigation outcome to push stock up. Trinity Industries (NYSE:TRN) is a stock I hold in my portfolio. It currently trades at a P/E of 5x despite good results due to extreme pessimism. Company … [Read more...]
Why I Sold My Shares in Micron
Summary MU surprised the market with its EPS guidance. Fundamentals appear to be deteriorating. Taking into account recent results, the Inotera acquisition and guidance, the stock valuation is not sufficiently cheap enough for me. Micron Technology (NASDAQ:MU) came out with results yesterday. As the graph shows below, it has been a difficult year for … [Read more...]
2008 Financial Crisis
If there is one video you should see, it's the Bird and Fortune brilliant satirical video on the investment banking community. The set is completed by the 4-part Meltdown series, and the highly rated Overdose documentary. … [Read more...]
Why I Converted All My Shares to HPE
Summary Last month I concluded that both stocks were cheap and more information was needed. Post the recent earnings, enough information was supplied by the company to make a decision. The evidence I saw and how I decided to make the switch. Last month I wrote an article on Hewlett Packard Enterprise (NYSE:HPE) & HP Inc (NYSE:HPQ) with the title "Two Cheap … [Read more...]
Newsletter – October 2015
I hope my American friends had a fun Halloween. The entire month of October was Halloween to me as the Active strategy witnessed volatility with the alpha gyrating in a 6% range (specifically -3% to +3%). When all was said and done, the market had a monster up month with the S&P 500 rising 8.9%, while the FatAlpha Active portfolio rose 6.3%. The best performers were … [Read more...]
