Today’s generation of utility management is looking for ways to meet demand and environmental mandates in ways best calculated to win regulatory support. And there’s nothing like renewable fuels and conservation these days to get the thumbs up for breaking ground--or more important, for earning generous returns on investment. Read More

What you buy now could well go lower in the days following. But we’re playing for the long-term here, building positions in strong companies geared up to take advantage of what’s still set to be the biggest investment boom in decades. That means being patient and focused on the businesses when everyone else is reacting to exceptionally jagged lines on a price chart. Read More

What you buy now could well go lower in the days following. But we’re playing for the long-term here, building positions in strong companies geared up to take advantage of what’s still set to be the biggest investment boom in decades. That means being patient and focused on the businesses when everyone else is reacting to exceptionally jagged lines on a price chart. Read More

China’s stimulus, though taking place in the middle of a global financial crisis, includes a lot of plans that were ready to go anyway. China continues with its substantial urbanization plans and its efforts to improve the domestically driven economic development model. Read More

Commodity prices have now rolled back most or all of their gains of recent years. Stocks of resource producers are arguably pricing in a whole lot worse, with some retreating to levels not seen since the last cycle. Read More

The private sector companies best positioned to win the contracts are riding a powerful tailwind, and they’ll make money globally no matter what the US does. At today’s share prices, there’s little to lose betting on our president-elect doing something that’s clearly in his best interest and ours. Read More

The private sector companies best positioned to win the contracts are riding a powerful tailwind, and they’ll make money globally no matter what the US does. At today’s share prices, there’s little to lose betting on our president-elect doing something that’s clearly in his best interest and ours. Read More

Our strategy in this advisory is not to bet on macro disasters. Rather, it’s to take positions in stocks of strong producers to take advantage of two long-term trends: rising demand in the developing world and increasingly tight supplies. With investors focused on global recession and lower demand, few are noticing that securing supplies is increasingly expensive, unreliable and politically dangerous. And although the bottlenecks aren’t really affecting prices now, it’s pretty clear they will when the global economy stabilizes. Read More

Ever try carving a pumpkin with one hand? That was my task at my son’s preschool class yesterday, after crashing my bike to avoid an errant pedestrian last weekend. It’s also a pretty good metaphor for investing in this emotionally driven and still extremely volatile market. The good news is the positive trends in the credit markets I noted last week seem to be getting stronger. Thanks to the continued massive effort by the world’s governments and central banks, the London Interbank Offered Rate, or LIBOR, is now noticeably rolling back toward levels that bear some semblance of normality. Volume in the US commercial paper market, which had almost completely evaporated a couple weeks ago, is surging. And borrowing rates are coming down, at least for stronger corporations. Read More

Ever try carving a pumpkin with one hand? That was my task at my son’s preschool class yesterday, after crashing my bike to avoid an errant pedestrian last weekend. It’s also a pretty good metaphor for investing in this emotionally driven and still extremely volatile market. The good news is the positive trends in the credit markets I noted last week seem to be getting stronger. Thanks to the continued massive effort by the world’s governments and central banks, the London Interbank Offered Rate, or LIBOR, is now noticeably rolling back toward levels that bear some semblance of normality. Volume in the US commercial paper market, which had almost completely evaporated a couple weeks ago, is surging. And borrowing rates are coming down, at least for stronger corporations. Read More