Occasionally, I give Wall Street analysts a tough time. They tend to have a herd mentality, are myopically focused on the short-term, and are reluctant to downgrade stocks until trouble goes from bad to worse and the damage has already been done. That’s a bit… Read More
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“A billion here, a billion there. Pretty soon you’re talking about real money.” That famous quip is attributed to former U.S. Senator Everett Dirksen. The Illinois Republican Senator and civil rights proponent was referring to federal spending in the 1950s (I wonder what he’d… Read More
February 2019 Update Have you heard? The U.S. Postal Service (USPS) just raised the price of a Forever stamp to $0.55 from $0.50. This is the sharpest percentage increase (10%) since 1991 — and the biggest hike on record… Read More
As investors, one of our first tasks when evaluating a prospective new candidate is to ascertain where the company’s sales are headed. There are plenty of other considerations, of course. But first, we need to make some educated assumptions about how many widgets will be… Read More
There it is again, the smell of fresh baked crust wafting in from Rotolos Pizza next door to my office. It happens every morning. I can close my eyes and almost taste it. And this isn’t the only nearby option for Italian cuisine. Across… Read More
You may have noticed an email from me earlier today regarding an update to The Daily Paycheck. Many of you know that I write both High-Yield Investing and The Daily Paycheck… Unfortunately, technology doesn’t always work that well (or I hit the wrong button)… that’s… Read More
January 2019 Update Like two heavyweight boxers slugging it out, the bulls and bears continue to trade vicious blows. On the second trading day of the New Year, sellers landed a knee-buckling 700-point drop in the Dow. But the… Read More
Hi-Crush Partners (Nasdaq: HCLP) – HCLP started off 2019 with a bang. The stock spiked 22% on January 2 and was up as much as 45% intra-day. But those gains have evaporated today. Between plunging oil prices and a sharp slowdown in well completion activity… Read More
So much for a fresh start. If the market’s New Year’s resolution was to calm down a bit in 2019, we can put it in the category of “Lose weight and get fit.” Most investors are probably glad to see 2018 come to an end. Read More
Looking at a chart of the Dow Jones Industrial Average over the past year, I’m suddenly reminded of the Ozzy Osbourne song “Road to Nowhere,” or maybe the Beatles’ “Long and Winding Road,” depending on your musical persuasion. Either would be fitting. The market… Read More