Epiphany Investing

Searching Out the Optimal Portfolio of “Revelation” Stocks

GFI Group (GFIG) Reports Loss in Murphy’s Law Quarter

Investors weren’t expecting much in the way of good news as inter-dealer broker GFI Group reported earnings after the bell Thursday. Shares are down 80% YTD and over 60% in the past month, as several of the company’s core markets - OTC derivatives trading - experienced massively lower volumes, and many industry watchers wonder if [...]

More on this topic (What's this?)
GFI Group: Not Your Typical Brokerage (Prudent Speculations, 6/11/08)
Read more on GFI Group at Wikinvest

GFI Group Issues Statement on Credit Markets

GFI Group CEO Michael Gooch issued a statement on Wednesday discussing the state of the OTC credit markets. As I had just posted earlier that same day essentialy begging the company to reach out to shareholders, I take the result as a low to medium on the usefulness scale. I was hoping for a frank [...]

More on this topic (What's this?)
CREDIT MARKETS CONTINUE TO WAVE THE WARNING FLAG (THE PRAGMATIC CAPITALIST, 2/5/10)
Credit Markets Are Showing Serious Warnings Signs (Shocked Investor, 2/21/10)
Stephen Foerster: Lessons from the Credit Crunch (GreenLightAdvisor Views, 3/10/10)
Read more on 2007 Credit Crunch, GFI Group, Gold Fields at Wikinvest

Note to GFIG - Contact Your Investors

Putting out a statement would do wonders for GFIG shares at this point, regardless of the content of the news. I am expecting to hear the worst, that 75% plus of their credit derivatives business has been lost and deleveraging has massively outweighed higher volatilities (as to their net effects on company profits):

I will have [...]

More on this topic (What's this?)
GFI Group: Not Your Typical Brokerage (Prudent Speculations, 6/11/08)
Read more on GFI Group at Wikinvest

Completing Goldman Sachs Purchase (GS)

I am happy to be punching a ticket with Warren Buffett, and after doubling the equity raise (from a 2.5b to $5b secondary) part of the process, Goldman is sitting on an exceptional balance sheet. And wow, they got that deal done fast. This especially pleased me - below is from the press release:
“The Goldman [...]

Investment Thesis for GFI Group, Goldman Sachs (GFIG, GS)

GFI Group (GFIG) and Goldman Sachs (GS) were two late-day additions to the Secular Trends Portfolio on Thursday, getting the fund into Financials quicker than expected with a 4% stake, and overall the portfolio sits at modest 25% equity exposure. What are the odds of ramping a new portfolio during the most volatile market period [...]

Adding Positions to Secular Trends Portfolio (CAT, GFIG, GS, IBM)

This one will be short, I want to take advantage of the big sea change happening right now:
Completing CAT position (remaining 1.5%) at $65.06
Buying 2% position in GFIG at $4.68
Buying 2% position in Goldman at $114. 68
Buying 2% position in IBM at $116.88
Details to come soon…
Ryan Barnes