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
Analyst Articles
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
The kind of statements these trusts are making in the face of market adversity is exactly why we want to keep owning them. This is not the time for wholesale liquidation, any more than it is to start doubling down. Stay the course. Read More
In the company’s October conference call, Schlumberger (NYSE: SLB) suggested that if oil prices remain depressed, drilling activity would begin to slow. It appears we’re now seeing that slowdown. Read More
The global financial crisis has made balance sheet strength fashionable again when it comes to evaluating companies. It’s what will allow those that have it to survive. Countries that entered this extraordinary period with sound finances are similarly positioned to weather it better and emerge from it stronger relative to not-so-prudent nations. 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
The oil markets are already sowing the seeds of another big rally. Weak oil prices spell a moderation in new exploration investment and shrinking supplies of crude. I suspect we’ll see the global economy begin to recover in the latter half of 2009. When that happens, oil demand will stabilize, and the supplies needed to meet that consumption simply won’t be there. As we wait for this story to play out, I recommend adding a bit of income to your portfolio. Read More
Not long ago investors had few qualms about paying 30 times earnings for almost any company; the dot-com frenzy was in full swing, and prevailing sentiment suggested that the new technology boom would allow companies to enjoy endless years of strong earnings growth. Read More
The temporary pullback in prices has hit most stocks in the energy space hard, driving down valuations to the lowest levels since 1998, when oil was trading below USD20 a barrel and natural gas sold for less than USD2 per million British thermal units (MMBtu). This marks an outstanding opportunity for investors to buy stocks at depressed prices ahead of the next up-cycle. Read More
The temporary pullback in prices has hit most stocks in the energy space hard, driving down valuations to the lowest levels since 1998, when oil was trading below USD20 a barrel and natural gas sold for less than USD2 per million British thermal units (MMBtu). This marks an outstanding opportunity for investors to buy stocks at depressed prices ahead of the next up-cycle. Read More