Big Market Worries: Profit Margins

Often there is a persuasive argument, apparently supported by data, that can be misleading for the long-term investor.  Sometimes this relates simply to facts, but it can also involve analysis.  Such is the case with what you see about profit margins. The basic thesis is that profit margins are mean reverting.  If any company gets […]

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Positioning for 2012: Don’t forget about stocks

For the last three years I have participated in a special interview series at Seeking Alpha.  Jonathan Liss comes up with questions that suit both the times and reader interest.  I think that readers of "A Dash" may find the discussion to be interesting, and may wish to add some comments or questions of their […]

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Weighing the Week Ahead: A Respite from European Concerns?

In the absence of fresh bad news from Europe, stocks managed some solid gains last week.  Our trading model, Felix, reflected greater confidence than most traders and investors (including me). As noted last week I plan to focus on year-end matters, as well as enjoying time with family and friends.  This is a somewhat abbreviated […]

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Investment Themes: The first step in finding a great stock.

Some stock pickers start with a screen.  I start with a concept:  Look for the hated! I search for investment themes that are decidely contrarian.  That means that few like the concept, the sector or the stock.  The themes must meet several important critera: Negative sentiment and/or polling Analyst skepticism Modest valuations and most importantly […]

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