Epiphany Investing

Searching Out the Optimal Portfolio of “Revelation” Stocks

Costco Breaking Out on its Fifth Attempt (COST)

Everyone’s favorite home for 5 lb. cracker bags, 50 rolls of TP, and grab-bag inventory, Costco is finally breaking through the $50 level that has plagued shares since the beginning of the March rally. On no less than 5 separate occasions, shares of this low-beta name have pushed strongly from the $46 level towards $50, [...]

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Bookkeeping: Short Costco (COST) (Fund my Mutual Fund, 9/8/09)
A trip to Costco (The Mess That Greenspan Made, 8/28/09)
Ticker Of The Week: Costco (Nasdaq: COST) (Contrarian Profits, 6/1/09)
Read more on Costco Wholesale at Wikinvest

Safeway Announces 2009 Guidance; Free Cash Flow to Grow (SWY)

Grocery store operator Safeway (SWY) is holding analyst meetings today, and in conjunction have put out fiscal 2009 guidance of $2.34 - $2.44 EPS, versus Reuters estimates for $2.37.
Capex will be heading lower by $400 million to $1.2 billion in 2009, and thanks to prior cost-cutting efforts, free cash flow should nearly double to $1 [...]

Brain Purge: Good Links For November 13

Given the retreat of major stock indexes back to year lows and below, I found myself needing a dose of international news and commentary. I needed to stretch out my gray matter and soak in news from around the world, because there are obviously still tail risks being represented in global equity prices.
FT’s Alphaville blog [...]

Adding To Position in Costco on (sic) Analyst Warning (COST)

I’ll be applying the last little bit of cash left in the Secular Trends Model Portfolio to add to the Costco Position, adding 600 shares at $53.04; shares are down 7% today on a warning from PiperJaffray. I liked the stock in the mid-$60’s, and I love it in the mid-$50’s.
The analyst note contents that [...]

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Costco Bonuses at ShareBuilder (Geographic Independence, 11/12/08)
Costco Sharebuilder bonuses hit our accounts this morning (Geographic Independence, 12/11/08)
Herman Miller's Embody and Dealer Network (What can I do with 10 grand?, 10/12/08)
Read more on Costco Wholesale at Wikinvest

A Note on Investment Strategy for the Secular Trends Portfolio

It has yet to be determined whether starting the Secular Trends Portfolio in September of 2008 was a unique blessing or a painful curse. From the outset I decided to create a long-only, all equity portfolio, and this is simply not environment for that. Volatility reigns the day for “economically sensitive” stocks, and apparently every [...]

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From SPX 666 to RUT 666: where will markets take us next (CHARTLINES (tm), 3/5/10)
ROSENBERG: THE MARKET LOOKS TOPPY (THE PRAGMATIC CAPITALIST, 3/3/10)
The Dividend Stock Recovery: Get Ready for a High-Yield Bonanza (Investment U, 2/22/10)
Read more on S&P 500 (SPX) at Wikinvest

Safeway Brings Some Sanity Back to Expectations (SWY)

Safeway (SWY) breaks the consumer ice by essentially hitting targets of $.47 EPS and $10.2B sales (versus consensus of $.45 and $10.1B). Revenues were up 4% year-over-year, about the same as net earnings. My earlier thesis for the grocer highlights why I think this is a stock to overweight in this environment, not underweight as [...]

Adding Safeway, Costco to Secular Trends Portfolio (SWY, COST)

I’ve been watching Safeway decline for long enough, and will be adding to the Secular Trends Portfolio with a 2.5% position (1020 shares) at $23.92. I also can’t resist at least nibbling on Costco (COST) heading into the fourth quarter. Buying into a 1.5% position (235 shares) at $64.54; the Costco thesis is laid out [...]

More on this topic (What's this?)
Overwhelming Anxiety (My Trader's Journal, 9/29/08)
Costco Bonuses at ShareBuilder (Geographic Independence, 11/12/08)
Costco Sharebuilder bonuses hit our accounts this morning (Geographic Independence, 12/11/08)
Read more on Costco Wholesale, Safeway at Wikinvest
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