Hottest links for Monday August 26th, 2013 (see Sunday‘s edition of hottest links here). Top stories for the day include; A look at differences between banks and bank holding companies; Valuation analysis of several European mid cap stocks; An in-depth profile of Yahoo! Inc. (NASDAQ:YHOO) CEO, Marissa Mayer; Some details on star China analyst, Charlene Chu; A really fascinating study of Wikipedia, which research suggests could predict success in the box office; Tesla Motors Inc (NASDAQ:TSLA) has hit a market cap of $20 billion and has over-taken some of the largest auto makers, is an Elon Musk bubble Brewing?; How value investors can apply lessons from baseball to their investments; 12 things you can learn from Michael Porter; That and much more in today’s hottest links.
Hottest Links: Emerging Markets
Have Emerging Markets Gotten Oversold?
In his 2021 year-end letter, Baupost's Seth Klarman looked at the year in review and how COVID-19 swept through every part of our lives. He blamed much of the ills of the pandemic on those who choose not to get vaccinated while also expressing a dislike for the social division COVID-19 has caused. Q4 2021 Read More
In the second quarter, the MSCI EMERGING MARKETS INDEX (INDEXNYSEGIS:EMX) lost 8.0 percent, and emerging markets recorded outflows of US$33 billion during the quarter; June alone accounted for US$22 billion of the flows. But with valuations low, is now the time to buy? [Mark Mobius, LinkedIn]
Charlene Chu Is the ‘Rock Star’ of Chinese Debt Analysis
From her cubicle in a Beijing office tower, Ms. Chu, who works for bond-rating firm Fitch Ratings, has emerged as one of the most sought-after experts on China’s increasingly risky financial system. [Alex Frangos, WSJ] Related: Charlene Chu who was called a hero by SocGen analyst, Albert Edwards, and is admired by Jim Chanos, was recently interviewed by Allison Nathan of Goldman Sachs Group, Inc. (NYSE:GS), we have the interview for you here. [Value Walk]
Hottest Links: Behavioral finance and value investing
MIKO BV – Quick comparison with Groupe Guillin SA
In my MIKO BV post a few days ago, Value Opportunity commented that the plastics division of Miko NV (EBR:MIKO) looks similar to what a French company called Groupe Guillin SA (EPA:ALGIL) is doing. Look at some comparisons between the two companies, and which offers a better value [Value And Opportunity]
How investors can hit a home run
Learning from baseball how to apply lessons for investing, a very interesting take from John Reese on hitting home runs with value stocks. [John Reese, The Globe And Mail]
A Banking Primer, Part 2
The differences between banks and bank holding companies and how investors can make more sense of financials, which many times have very complex balance sheets. A look at one example, Bancshares Inc (ticker: FMBJ) [Nate Tobik, Oddball Stocks]
Melco International Development
Melco International Development Limited (HKG:0200) is a Hong Kong listed company. It currently has a market cap of $3.4bn and (virtually) the entirety of its value is derived from its 33.65% stake in the Hong Kong and US listed Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL). See the interesting value case for Melco in this article. [Sahara Investing]
Four Red Flags for This Insurer
HCI Group (NYSE:HCI) (NASDAQ:HCIIP) has further upside? See four red flags that investors should take notice of before deciding to invest in this company. [Brendan Mathews, Fool]
A Dozen Things I’ve Learned From Michael Porter
Michael Porter’s most important insight was to teach business school academics that demand *and supply* matters in determining profit is shocking, but there it is. Sometimes you will hear a knucklehead saying moats don’t matter since all that matters is delivering customer value in innovative/disruptive ways. Competitive Strategy: Techniques for Analyzing Industries and Competitors by Michael Porter [Tren Griffin, 25IQ]
Your Dumbest Investment Mistakes
People share their greatest investment mistakes ever in this article. Its a good read for those trying to avoid mistakes which many investors make on a regular basis. [Lisa Scherzer, Yahoo Finance]
Hottest links: Stories
The Truth About Marissa Mayer
There is no one else in the world like Marissa Mayer, the CEO of a 30-billion-dollar company, Yahoo! Inc. (NASDAQ:YHOO). This is a great and lengthy profile on one of the most famous CEOs by Nicholas Carlson. [Nicholas Carlson, Business Insider]
Can Wikipedia Predict the Future … of Box Office Hits?
New research suggests the data from Wikipedia can be used to predict which movies will become big hits, and which will not. Check out this fascinating article on the topic. [Bahar Gholipour, Live Science]
The Proposed Reverse Repo Facility: The Fed’s New Policy Tool?
The release of last week’s Fed minutes was received in typical fashion. The media spends most of the time analyzing any use of the word “taper”, a discussion which is well exhausted. But credit Expert David Schawel has a different take on the matter [David Schawel, CFA, CFA Institute ]
Not a Bubble…….
Tesla Crosses $20 Billion In Market Cap
The market cap of Tesla Motors Inc (NASDAQ:TSLA) has reached astonishing levels. Tesla which will sell around 35,000 cars in 2013 and must sell between 500,000 and 3,000,000 cars by 2022 to hit estimates used by many analysts. Compare this to to some other big auto makes, such as Fiat SpA (BIT:F) (OTCMKTS:FIATY), Porsche Automobil Holding SE (FRA:PAH3) (ETR:PAH3) (OTCMKTS:POAHF), General Motors Company (NYSE:GM) and Volkswagen AG (ETR:VOW) (FRA:VOW) (OTCMKTS:VLKAY). [Tyler Durden, Zero Hedge]
Not the Onion
City Of Fort Worth Demolished Wrong Home For A Second Time
Fort Worth officials say the city has ceased all demolition operations until it can figure out how two buildings that were not supposed to be demolished were torn down by a contractor despite city oversight. [Joel Thomas, DFW]