The Money Runner
Big Blues for IBM
https://www.youtube.com/watch?v=9_0NuRSEw5M&feature=youtu.be David calls out IBM executives for using stock buybacks to hide the fact that they aren’t growing. Revenue and cash continue to decline while debt climbs.
Big Blue – The Emperor Has No Clothes
By David Nelson, CFA Wall Street’s love affair with stock buybacks grows deeper with each record high. Who can blame them? The S&P 500 Stock Buyback Index which measures the performance of the top 100 stocks with the highest buyback ratio has massively outperformed its index sister over the last 5 years. In a mindset […]
The Twelfth Round – Alpha Select November Update
Alpha Select – November 2014 Update *Alpha Select – November +3.00% YTD +14.51% **S&P 500 – November +2.45% YTD +13.49% * Net of Fees ** Includes Dividends By David Nelson, CFA Nothing short of a December knock out is going to save the Bears this year. With only 3 down months in 2014, the ref’s scorecard has it 8-3 […]
Right Deal Wrong Price – HAL for BHI Follow-up
http://youtu.be/_1zy17jfS2Y Why I sold my Halliburton (HAL) shares.
Buyback / Payback – BNN Interview
http://youtu.be/O3GvfEjV18w If CEO’s continue to pick the low hanging fruit it will be at the expense of R&D and the buildout of factories, service centers and jobs.
My Reaction to Former US Rep. David Stockman
http://youtu.be/zo4rIqUyyx8 David has been pushing the bubble thesis for some time. This type of rhetoric has kept investors out of the market for the last 5 years.
