Super Stock Blog

Archive for March, 2010

Vanity Fair’s Michael Wolff reeled in a stunner this weekend from The Wall Street Journal:

Well, on the front page of the Journal’s Weekend section this morning is a feature on how women from healthier populations prefer feminine-looking men. The piece is illustrated with a grid showing facial features of such feminine-looking men..

There is, in the bottom image of the lower quadrant of a male face, an unmistakable—if you pay attention to such things—dimple and odd right ear.

Without a doubt, the Wall Street Journal has selected Arthur Sulzberger as a prime example of its idea of a feminine-looking man.

Here’s the august WSJ’s graphic:

And here’s Sulzberger’s NYT mugshot:

Murdoch often uses the editorial power of his papers to pursue his business goals. Foremost on his agenda is to maul The New York Times. Murdoch believes that one advantage he has in going after the Times is that Sulzberger is so easy to play and rile up—Murdoch once, with me, used puppet strings to refer to Sulzberger—and that Murdoch has a special understanding for how to get under Sulzberger’s skin. in the past, Murdoch has taken particular delight when the New York Post’s “Page Six” has ridiculed Sulzberger—with Sulzberger calling Murdoch personally to protest. “Whinging” is the word Murdoch uses for Sulzberger’s calls.

I’m not sure what’s worse: if Murdoch or Thomson had it put in themselves or if staff has been drinking the News Corp. Kool-Aid enough to do it on their own.

Getting Foxy with Sulzberger at the WSJ

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Warren Buffett gets opportunities the rest of us don’t. He’s the name-brand investor companies go to when they need cash or a smidge of reputation in a hurry.

I have previously chronicled the crazy-sweet terms Goldman Sachs and General Electric gave Buffett. how crazy-sweet? they begged Buffett — technically his company, Berkshire Hathaway — to lend them money at a guaranteed 10% plus equity upside.

But before you get too jealous, know that this wasn’t always the case.

How Buffett made his opportunities
Let me take you back to a time when Buffett wasn’t worth 11 figures. Back to a time when he had only five figures to work with.

In his 20s, Buffett’s eventual avalanche was just a snowball. All his name could get him was a dinner reservation … if he called ahead.

So he had to work to find deals to invest in — deals that would form the basis of his fortune. he sought out the master investors of his time, including his hero Benjamin Graham, and learned everything they would teach him.

But more than anything, he did the legwork that others weren’t willing to do. in this time before the Internet, he’d physically go to Moody’s and Standard & Poor’s to read old reports, to the SEC to read filings, and to company headquarters to talk with management.

His persistence was rewarded handsomely, particularly in tiny, underfollowed companies. in Buffett’s own words: “I would pore through volumes of businesses and I’d find one or two … that were just ridiculously cheap.”

How cheap? in one six-year period, he grew his wealth by more than 60% a year. By age 26, he had amassed so much wealth that he considered retirement.

How Buffett lost his opportunities
Of course, he didn’t retire. in the decades since, he’s continued putting up incredible returns, and he’s laid claim to the unofficial title of greatest investor ever.

But with all this wealth comes a problem.

That problem is exemplified by Buffett’s recent purchase of the Burlington Northern Santa Fe railroad — which he admits wasn’t a particular bargain.

The man who has absolutely throttled the market for more than five decades now says, “Reasonable return is good enough. … I mean, 50 years ago, I was looking for spectacular returns, but I can’t — I can’t get them.”

Why the surrender? one word: size.

Berkshire Hathaway is roughly the size of a Wal-Mart (NYSE: WMT), an Apple (Nasdaq: AAPL), or an IBM (NYSE: IBM). Buffett’s empire has grown so large that the small multibaggers he used to stalk no longer make a dent in his portfolio’s returns.

For Buffett, analyzing and buying a small-cap stock has roughly the same cost benefit as us walking a mile to pick up a quarter. instead, he’s stuck stalking elephants like Burlington Northern, which was roughly the size of a Lowe’s (NYSE: LOW), a Bristol-Myers Squibb (NYSE: BMY), or an eBay (Nasdaq: EBAY).

Could he still do it today?
When Buffett could stalk mosquitoes instead of elephants, his returns were consistently monstrous. That was a long, long time ago, though. could he still do it today?

He thinks so. he says, “It’s a huge structural advantage not to have a lot of money. I think I could make you 50% a year on $1 million. no, I know I could. I guarantee that.”

Wow. Now, before we get carried away, that’s the greatest investor in the world taking on the market with no restrictions.

The takeaway for us mere mortals is that there’s more opportunity for outsized returns in small-cap stocks than there is in larger-cap stocks.

Just like Buffett
It’s nice to know we have one advantage over Buffett. for an idea of how to take advantage of said advantage, I turned to our small-cap experts at Motley Fool Hidden Gems.

They recommended doing the same type of work Buffett did back in his heyday — studying the master investors, vetting company management, and digging into financial statements to find strong balance sheets and large margins of safety.

Using this process, they’ve unearthed Neutral Tandem (Nasdaq: TNDM), a fledgling telecommunications network play that is disrupting the switching services provided by the Baby Bells. Backed by a cash-rich balance sheet, the company looks to growth opportunities in the increase of voice and data needs as well as its own geographic expansion.

The Hidden Gems team has put its money where its mouth is on Neutral Tandem, buying shares of it in the real-money portfolio it manages for the world to see. If you’d like to see what else it’s buying now, you can take a 30-day trial absolutely free. just click here to get started.

This article was originally published Dec. 24, 2009. it has been updated.

Anand Chokkavelu owns shares of Berkshire Hathaway. Berkshire Hathaway, Lowe’s, and Wal-Mart are Motley Fool inside Value recommendations. Apple, Berkshire Hathaway, and eBay are Stock Advisor picks. Motley Fool Options has recommended a bull call spread position on eBay. the Fool owns shares of Berkshire Hathaway and Neutral Tandem. The Fool has a disclosure policy.

The Home Run Stock Buffett Can’t Buy

Mindful of the fallout from the last wave of business fraud cases six years ago, authorities are leaning against seeking indictments of major banks and insurers that may have inflated the value of their mortgage-related investments. Instead, prosecutors will look for such garden-variety crimes as false statements and insider trading by executives who tried to disguise financial problems or pad their wallets.

Exhibit a is Bear Stearns, the investment bank that collapsed in March and was bought by J.P. Morgan Chase during a cash squeeze that ultimately gripped Wall Street. two former fund managers there are fighting criminal charges for allegedly misleading investors about the financial health of their unit. The company will avoid indictment, according to two sources familiar with the case who spoke on condition of anonymity because the process is not final. Robert Nardoza, a spokesman for the U.S. Attorney’s office in the Eastern District of new York, declined to comment yesterday.

That pattern is likely to persist even as fallout from the liquidity crisis intensifies. last week, the FBI announced 26 investigations underway at companies including Fannie Mae, Freddie Mac, Lehman Brothers, American International Group, Countrywide Financial and IndyMac.

At an American Bar Association conference yesterday, Deputy Attorney General Mark R. Filip vowed that prosecutors would press ahead to decode the obscure financial products at the heart of the market’s troubles. he said there would be “no unwillingness to take the facts and the law where they lead.”

Yet the tenor is markedly different from the last wave of financial scandals, which began with the indictment of accounting firm Arthur Andersen six years ago. The firm swiftly collapsed, costing tens of thousands of jobs. More recently, corporate executives and civil liberties advocates pressed for legislation that would bar strong-arm prosecution tactics. in August, Filip issued guidance that reminds prosecutors to consider the rights of corporate employees.

Among other factors, the guidelines require government lawyers to take into account the health of a business when they make decisions about whether to file criminal charges. Given the current landscape, with Lehman in bankruptcy proceedings, Fannie Mae and Freddie Mac under federal control, and AIG surviving only after an $85 billion infusion from the Treasury, lawyers with experience in such cases predict few major criminal prosecutions of businesses.

“It would be a very rare company that would ever be prosecuted,” said Joshua Hochberg, former chief of the Justice Department’s fraud section. “These are all negotiated settlements. . . . a criminal conviction brings mandatory debarment and effectively puts a corporation out of business.”

Prosecutors for months have been sifting through documents in an effort to separate bad business decisions from possible criminal conduct.

The initiative has been complicated in part by gaps in regulation of mortgage-backed securities. Credit-default swaps, a kind of insurance against defaults on housing-related investments, are not considered a security under the laws that govern the Securities and Exchange Commission, according to Columbia University law professor John Coffee Jr. That means companies that sell the swaps do not have an affirmative duty to advise investors about their risks. rather, brokers would be subject to law enforcement action only if they made a misleading statement about their risks or value, perhaps in a bid to win greater fees.

“It’s always fraudulent when you have a material misrepresentation, deliberately made, with the intent to deceive and for personal gain,” said Gil M. Soffer, who oversees corporate fraud prosecutions at the Justice Department.

Such allegations go to the heart of a criminal case filed last month against two former Credit Suisse employees and may underpin an investigation of individuals who had worked at Lehman and who were involved in the same market, known as auction-rate securities. The Lehman probe was reported yesterday by the Wall Street Journal.

Government officials with experience investigating corporate fraud say some of the patterns they are detecting — lying to investors, shifting debt off corporate balance sheets — are familiar.

“The more things change, the more things stay the same,” said Benton Campbell, U.S. for the Eastern District of new York and a former member of the government’s Enron Task Force.

WTF?! Prosecutors will NOT go after Wall Street after all..!

This is for a project so simple answers would be best. what factors effects the price of shares (stocks) in the stock market?

What effects stock market prices?

WASHINGTON–Superinvestor Warren Buffett, the chairman and CEO of Berkshire Hathaway–who with his daughter Susan early on spotted presumptive Democratic nominee Sen. Barack Obama (D-Ill.) as a comer– will headline a $28,500-per-person fund-raiser (to… Full Article at Chicago Sun-Times

Warren Buffet holding $28,500 per plate fundraiser for Obama

Warren Edward Buffett (born August 30, 1930) is a U.S. investor, businessman, and philanthropist. He is one of the most successful investors in history, the primary shareholder and CEO of Berkshire Hathaway,[4] and in 2008 was ranked by Forbes as the richest person in the world with an estimated net worth of approximately $62 billion.

Buffett is often called the “Oracle of Omaha”[6] or the “Sage of Omaha”and is noted for his adherence to the value investing philosophy and for his personal frugality despite his immense wealth.

Buffett is also a notable philanthropist, having pledged to give away 85 percent of his fortune to the Gates Foundation. He also serves as a member of the board of trustees at Grinnell College.

In 1999, Buffett was named the top money manager of the twentieth century in a survey by the Carson Group, ahead of Peter Lynch and John Templeton.[10] in 2007, he was listed among Time’s 100 most Influential People in the world.

call +2348060449215 for e-biography of Warren Buffet.

Warren Buffet

Weekly highlight of top insider buys: WalMart Stores Inc. (WMT), American Express Company (AXP), the Williams Companies Inc. (WMB), KeyCorp (KEY), and International Game Technology (IGT).

WalMart Stores Inc. (WMT): Director James Breyer bought 5,000 Shares

Director of WalMart Stores Inc., James Breyer, bought 5,000 shares on 3/18/10 at an average price of $55.34.

Wal-Mart Stores, Inc. is the world’s largest retailer. Walmart Stores Inc. has a market cap of $210.86 billion; its shares were traded at around $55.34 with a P/E ratio of 15.1 and P/S ratio of 0.5. the dividend yield of Walmart Stores Inc. stocks is 2.2%. Walmart Stores Inc. had an annual average earning growth of 10.3% over the past 10 years. GuruFocus rated Walmart Stores Inc. the business predictability rank of 5-star.

On Feb 18, Wal-Mart Stores, Inc. reported financial results for the quarter ended Jan. 31, 2010. Net sales for the fourth quarter of fiscal year 2010 were $112.8 billion, an increase of 4.6 percent from $107.9 billion in the fourth quarter last year. Net sales for the fourth quarter included a currency exchange rate benefit of $1.9 billion. Income from continuing operations attributable to Walmart for the quarter was $4.7 billion, an increase of almost 24 percent from $3.8 billion in the fourth quarter last year.

WalMart Stores Inc. is in the portfolios of 23 Gurus, including Brian Rogers, Richard Perry, Ken Heebner, Private Capital, Donald Yacktman, and Tweedy Browne.

Sell:: President and CEO Michael T Duke sold 16,475 shares of WMT stock in November. Last week, Buy:: Director James Breyer bought 5,000 shares and Sell:: Chairman of Exec. Committee H Lee Scott Jr sold 102,367 shares. Sell:: Vice Chairman Wright Eduardo Castro sold 17,000 shares in December.

American Express Company (AXP): Director Robert D Walter bought 20,000 Shares

Director of American Express Company, Robert D Walter, bought 20,000 shares on 3/12/10 at an average price of $40.33.

American Express Company is primarily engaged in the business of providing travel related services, financial advisory services and international banking services throughout the world. American Express Company has a market cap of $48.26 billion; its shares were traded at around $40.33 with a P/E ratio of 28.1 and P/S ratio of 2. the dividend yield of American Express Company stocks is 1.8%.

On January 21, 2010 – American Express Company reported fourth-quarter income from continuing operations of $710 million, up 132 percent from $306 million a year ago. Diluted earnings per share from continuing operations were $0.59, up 127 percent from $0.26 a year ago. Net income totaled $716 million for the quarter, up 198 percent from $240 million a year ago. Diluted per-share net income of $0.60 was up 186 percent from $0.21 a year ago. Consolidated revenues net of interest expense were $6.5 billion, on par with the year-ago quarter.

American Express Company is owned by 18 Gurus, including Ron Baron, Ruane Cunniff, Warren Buffett, Brian Rogers, Arnold Van Den Berg, and Tom Gayner.

Sell:: CEO, U.S. Consumer Division Judson C Linville sold 47,091 shares of AXP stock in December. Last week, Buy:: Director Robert D Walter bought 20,000 shares of AXP stock.

The Williams Companies Inc. (WMB): Director Joseph R Cleveland bought 3,000 Shares

Director of the Williams Companies Inc., Joseph R Cleveland, bought 3,000 shares on 3/16/10 at an average price of $22.53.

Williams Companies moves, manages and markets a variety of energy products, including natural gas, liquid hydrocarbons, petroleum and electricity. the Williams Companies Inc. has a market cap of $13.15 billion; its shares were traded at around $22.53 with a P/E ratio of 23.9 and P/S ratio of 1.6. the dividend yield of the Williams Companies Inc. stocks is 1.9%. the Williams Companies Inc. had an annual average earning growth of 5% over the past 5 years.

On Feb. 18, the Williams Companies Inc. announced 2009 unaudited net income attributable to Williams of $285 million, or $0.49 per share on a diluted basis, compared with net income of $1,418 million, or $2.40 cents per share on a diluted basis for 2008.

The Williams Companies Inc. is in the portfolios of three Gurus: George Soros, Brian Rogers, and Jean-Marie Eveillard.

Sell:: Sr. Vice President & CFO Donald R Chappel sold 25,000 shares of WMB stock in December. This month, Buy:: Director Joseph R Cleveland bought 3,000 shares of WMB stock; Sell:: Sr. Vice President & GC James J Bender, Sell:: Vice President and Controller Ted T Timmermans and Sell:: Sr. Vice President E&P Ralph A Hill sold shares.

KeyCorp (KEY): Director Edward W Stack bought 10,000 Shares

Director of KeyCorp, Edward W Stack, bought 10,000 shares on 3/12/10 at an average price of $7.6.

KeyCorp is an integrated multi-line financial services company. Keycorp has a market cap of $6.72 billion; its shares were traded at around $7.6 with and P/S ratio of 1.1. the dividend yield of Keycorp stocks is 0.5%. Keycorp had an annual average earning growth of 9.9% over the past 5 years.

KeyCorp will announce first quarter 2010 earnings on Wednesday, April 21, 2010. A conference call will be held at 9:00 a.m. ET to review financial results. the call may also include forward looking information on financial trends, asset quality and earnings outlook.

KeyCorp is owned by six Gurus: Third Avenue Management, Brian Rogers, Hotchkis & Wiley, Irving Kahn, Charles Brandes, and David Dreman.

This month, Buy:: Director Elizabeth R. Gile and Buy:: Director Edward W Stack bought shares of KEY stock.

International Game Technology (IGT): Director Philip G Satre bought 3,000 Shares

Director of International Game Technology, Philip G Satre, bought 3,000 shares on 3/18/10 at an average price of $17.

International Game Technology is a manufacturer of computerized casino gaming products and operator of proprietary gaming systems and was the first to develop computerized video gaming machines. International Game Technology has a market cap of $5.04 billion; its shares were traded at around $17 with a P/E ratio of 21.3 and P/S ratio of 2.3. the dividend yield of International Game Technology stocks is 1.4%. International Game Technology had an annual average earning growth of 18.3% over the past 10 years.

On Jan 21, International Game Technology announced operating results for the first quarter ended December 31, 2009. Net income for the quarter was$73.3 million or $0.25 per diluted share compared to $61.2 million or $0.21 per diluted share in the same quarter last year. Comparability for the quarter was affected by a number of items included in a supplemental schedule at the end of this release.

International Game Technology is in the portfolios of five Gurus: Richard Aster Jr., Tom Gayner, John Rogers, George Soros, and Private Capital.

This month, Sell:: CEO Thomas J Matthews sold 190,401 shares of IGT stock. Buy:: Director Philip G Satre bought 3,000 shares the same month. Sell:: EVP, General Counsel David Duane Johnson and Sell:: President of International Paulus Karskens both sold shares in December.

For the complete list of stocks that bought by their company executives, go to: Insider Buys.

Weekly Top Insider Buys: WMT, AXP, WMB, KEY, IGT

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Berkshire Hathaway

Healthcare – My Personal Story that America

Works & already Has a Public Option!

Upon expecting our first child in 1988 and no health insurance coverage from

my employer so my wife and I negotiated with a

hospital and our birth doctor for a total cost

of $2,000 which included all prenatal care and

hospital. we paid our prenatal bills as they

came and paid the final hospital all by

Upon expecting our second child 6 years later my same

employer did offer limited health coverage with

no birth coverage so my wife again called around

to our area hospitals to see what the cost would

be. each hospital was extremely surprised

someone was asking for a price ahead of time so

they each had to check and get back to us. we

used the same birth doctor. we even kept the

Total cost of our second child under $2,000 this

time. again, we paid our prenatal bills as they

came and paid the final hospital all by

In 1995, my same employer shopped to get a

better full health insurance plan called because

he was afraid I would leave as I had become a

valuable employee in his High Tech startup

company which began in 1984 and I had began

there in 1985. When the Health plan we were

looking at (Aultcare) representative learned of

my story of how I negotiated for the births of

my first two children, she asked if she could

bring her boss out to meet me the next day which

she did. they just could not believe I did this

by myself which I told them it is sad that I was

the exception and not the rule and that is the

problem why health care costs were rising for so

many. this Health Insurance policy was AultCare

being provided by one of our local hospitals

which was Aultman in Canton, OH. I mention this

because of the fact this insurance provider’s

representative and then her boss were both so

surprised by my actions to negotiate for care

and services I wanted.

This full coverage policy then became so

expensive (over $5000 per year) that in 1999 I

found that the Medical Savings Account (MSA)

program was being offered. this founded idea by

our government was way to wean our way off the

current mind set that a third party (insurance

or government) was paying the bills so who cares

what the bill costs. So I went to my employer

and we I started a MSA insurance plan with a

catastrophic health insurance policy ($4000

deductible). the money we saved from not paying

for the $5,000 so called full coverage policy

(it was a 80/20 plan with no eye or dental) I

put into my interest bearing MSA and within two

years had enough to cover the $4000 high

deductible. I could right checks directly from

my MSA to cover any health expense and it was MY

money even if I left my job which I did in 2001

and began my OWN company. also, I even used my credit card many times for reward dollars to pay

negotiated health bills and then have MSA

account reimburse me. Keep in mind, the high

deductible policy still uses its negotiating

power to lower submitted bills also even the

ones I then would need to pay under the

I now make enough interest in my MSA (now HSA)

to cover our yearly health expenses.

You can not remove the consumer and self

responsibility and expect to lower cost and

improve service and care! that is how this

great country works for those who choose to

exercise our great freedoms and apply the

fundamentals in which this country was founded.

Even though I been strongly compelled to write

this, I reluctantly tell my story because I fear

someone in the current government mindset will

do something to my current freedom of what I

have done which in and of itself is a sad day in

this country which tells us why power should be

left to the individual as our founders intended.

Please consider the repercussions of government

dictated costs controls and fining companies and

individuals. ask the following questions as you

look at health care (noting my wife is now a PTA

in Healthcare at a nursing home):

1. why would anyone want to get into health care

now with the threat of costs controls and

controls on how they can provide services?

2. why would any health company want to fund

anyone’s education now not knowing what the

return may be in the future?

3. what kind of mood will be created in the

country when people will wonder if they are

paying for someone who is not responsible for

making sensible personal decisions about their

personal health? (remember the backlash of

people upset they are bailing out other people

who made irresponsible decisions about homes

they could not afford)

4. Regarding comparing National Health Care to

Auto Insurance everyone has to have now, with

Auto Insurance you will be penalized for bad

behavior with higher premiums or being dropped.

Where are the consequences for bad health and

living choices (ever watch people MTV stunts of

people jumping cars or other video shows (Worlds

Dumbest Videos) people doing crazy off road

stunts on dirt bikes, etc.) if they know they

will get cared for at no expense to them?

I heard President Obama’s recent weekly radio

address about how his plan could help create

jobs by allowing individuals to leave a company

and start their own without worrying about

insurance. With all due respect, I have shown

that is already available as shown above. also,

how does destroying the health care industry

(which has the top 4 most in demand job

positions per the Canton Respository) help

create jobs? either you believe in the people

and a free market or you do not.

If someone was going to dictate what an industry

is going to charge (price controls), why would

anyone want to go into that industry which would

in short dictate their success or what they can

expect from trying to create new inventions and

ideas. My wife and I both have seen medical

jobs drying up ever since this has been

discussed and heard from people no longer going

into the field. How is that going to help bring

down prices using market conditions and how is

that going to bring more service to health care

Also, given demands on employers to pay more by

dictating what we must pay into your system or to

give employees, why would I want to hire nayone

right now?

Bottom line, no personal responsibility and

freedom (or privacy).

We need to educate young people to self insure by keeping their own money in a health savings account NOT send it to the government.

From here in Minerva, oh, I hope there are

people out there that still understand what

makes this country great.

3 Lowlights of Health-Care Reform

Published by: Alan Posner | Word Count: 492 | Comments: 0 | Article Views: 105

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Alan Posner has published 1 article. This article published on Feb 26th 2010 08:00:23 AM

Fantasy Stock Trading