Exiting Schering Plough, Looking at Going Global
In line with yesterday’s post on some pending changes to the Secular Trends Model Portfolio, I am blowing out the remaining 1850 shares of Schering-Plough in the model. SGP has really just been a floater since the announcement of Merck’s buyout in early March, which initially valued Schering shares at $23.60 in cash and stock.
Since [...]
Petrobras Logs Record Production in September; Sentiment Remains Mixed (PBR)
Brazil’s pseudo-monopoly oil company Petrobras logged record production of 2.5 million barrels of oil equivalent (BOE) in September, up slightly from August and 7% year-over-year. And while all the oil majors are subject to the whims of crude prices lately, Petrobras has an under-leveraged balanced sheet (30% debt/equity) and attractive valuations of 5 times trailing [...]
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Investopedia Commentary- Where Third Avenue Sees Value (BAM, GGP, SPG, ESV, NBR)
- America's Biggest Companies Look Reasonably Priced (XOM, MSFT, QQQQ, AIG, BAC)
- Sandridge Energy Shifts Towards Oil (SD, OXY)
- Stong Dividends Worth A Look (AINV, STD, FNF, NYB, PBCT, NLY, CIM, EQR, HRP, MFA)
- The Bear Market Bottom - One Year Later (SMRT, FITB, DNDN, LVS)
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Pragmatic commentary on U.S. & global investing, demographics & secular trends, and the valuation of anything worth valuing. Objective, unbiased research; We believe in minimal design, zero gimmicks, and maximum results.
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