Hi and Welcome to Contrarian Value Investing!, A blog which is based on the teachings of Warren Buffett, Joel Greenblatt and David Dreman.
Tough week. Seems like institutional investors are selling the rips and buying the dips. Unless the street gets a clearer picture about the economy and financial markets, markets will continue to be choppy. From talking to truck drivers, plant managers, and personal experience, the economy should pick up sometime in 09. Work is similar to [...]
I bought Burlington Northern Santa Fe (BNI) when Warren Buffett was buying its stock hands over fist in the low 80’s and high 70’s. The stock soon railed its way to $110 as the price of crude climbed.The high price of crude made it cheaper for companies to send long distance shipments via rail. The [...]
The value fund managed by Mason Hawkins established one new position while increasing its position in 21 stocks. The new position by Longleaf is DineEquity (DIN) which operates IHOP and Applebees. Dine Equity currently has negative earnings but I have a feeling this might be a real estate play as DIN currently has about 1 [...]
In a bid that shocked me,
Skechers (SKS) has made an offer to buy Heely’s for $142.8 in cash. Heelys (HLYS) has long been a magic formula stock as the stock continues to plunge after its $30 IPO. Heelys has been the classical “fad” stock with one of a kind product line. It has tried [...]
Warren Buffett’s “
The Snowball: How Warren Buffett Collected Friends, Wisdom and Wealth” by Alice Schroeder is do out in September. Although not written by Warren Buffett himself, Alice Schroeder spent countless hours interviewing Buffett. Who is Alice Schroeder? She is the insurance analyst that impressed Warren Buffett. The New York Times wrote an article in [...]
Want to follow an investor who invests like the 1960’s Warren Buffett? Seth Klarman is that man. Out of all the “gurus” out there, Seth Klarman is the one who continues to baffle me with his stock picks.
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Shorting is a common technique on Wall Street as investors try to profit from both the rise and falls of a particular stock, but one thing I never really understood is why short in the first place.
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The popular and often full of drama Gurufocus.com has introduced a feature that allows an individual to see a company’s financial results for 10 years (
click here for announcement). I must admit, Gurufocus gets an A+ for the layout and features it introduced. The
layout is very similar to what
Value Line uses.
If you enjoyed [...]
News broke out that Starbucks is now
offering its “Grande” iced latte for $2 after 2 p.m. This comes after the company reported its fist quarter loss in
its operating history after costs on store closers mounted. I have been bearish on Starbucks for a while as I feel they have grown too fast in [...]
I have no idea how I found this tool but I believe its very creative. Smartmoney.com has a map of the market in which one is able to see the price changes of 600 stocks at once. The map is pretty straightforward as it shows the biggest price decliners in bright red and the biggest [...]