Hottest links for Sunday September 15th, 2013 (see Friday‘s edition of hottest links here). Top stories for the past couple of days include: Twitter is IPOing as you all know, but a more important question, how should a financial advisor use the service, and what exactly is this confidential S-1; A detailed analysis of a home owner which could go broke or become a multi-bagger, and is trading at a cheap valuation; Why some mutual fund managers are cheering that five years have passed since the financial crisis ended; What does Prem Watsa plan to do with Blackberry?; A sell side analyst discusses his schedule and it is not exactly how you would bet he spends his day (or maybe you would); Retail Investors buy up stocks and sell-off bonds, indicating a triple Mila Kunis top; A vendor is fired for ketchup discrimination, that and more below.
Homasote: is it cheap or bankrupt?
Homasote Company (OTCMKTS:HMTC) manufactures housing material. The company recent results have been nothing short of horrendous. But if the housing market gets better this stock could earn a lot more and it is trading at a big discount. [Nate Tobik, Oddball Stocks]
A decade ago, no one talked about tail risk hedge funds, which were a minuscule niche of the market. However, today many large investors, including pension funds and other institutions, have mandates that require the inclusion of tail risk protection. In a recent interview with ValueWalk, Kris Sidial of tail risk fund Ambrus Group, a Read More
LOOKING BACKWARD AND FORWARD INTO YOUR INVESTMENT DECISIONS
Why dont more value investors keep track of stocks they sold. I know personally that Zeke Ashton does that, but do you? And if you do not, why? More details on the topic here. [Dimitar Genchev, Student of Value]
Buying a stock that the entire sell-side is negative on or selling a company they all love? All value investors know that the reports should be taken with a grain of salt, but here is a needed reminder (and a fascinating article). [Beecher Tuttle, eFinancialCareers]
What will happen to BlackBerry Ltd (NASDAQ:BBRY) (TSE:BB)? Some private equity shops would prefer to carve up the company, which is not exactly what Prem Watsa wants to do. More on that topic here. [Nadia Damouni and Nicola Leske, Reuters]
Goldman Sees Risk of Gold Below $1,000 on U.S. Economy
Gold is poised to extend declines according to Goldman Sachs Group Inc (NYSE:GS), which says that the precious metal could drop below $1,000 an ounce. Now for all the conspiracy theories just a quick question. Is Goldman now going long after exiting ‘their short’? That is the question for conspiracy theorists to ponder today! [Haslinda Amin & Chanyaporn Chanjaroen, Bloomberg]
The Best (And Worst) Performing ETFs For Every Quarter
Great interactive chart, which highlights the best and worst ETF performers in each Q1, such as some plain vanilla ETFs like SPDR S&P 500 ETF Trust (NYSEARCA:SPY), Market Vectors ETF Trust (NYSEARCA:IDXJ), and some less vanilla ones such as Citi Volatility Index Total Return Fund (NYSEARCA:CVOL), Guggenheim Solar ETF (NYSEARCA:TAN), Market Vectors Junior Gold Miners ETF (NYSEARCA:GDXJ), Market Vectors India Small Cap Index ETF (NYSEARCA:SCIF), iPath Global Carbon ETN (NYSEARCA:GRN), Market Vectors Solar Energy (ETF) (NYSEARCA:KWT), Global X Silver Miners (NYSEARCA:SIL), Global X China Financials ETF (NYSEARCA:CHIX). Which were the best ETF performers in Q2 check out here for the answer . [ETF Database]
BofA’s Retail Investor Clients Just Staged A Huge Bond Market Exit
In the week ended September 11, 2013, retail investors poured $14.3 billion into stock funds and pulled out $4 billion from bond funds. Signs of a market top? You judge. [Matthew Boesler, Business Insider]
BlackRock: ETFs Didn’t Fuel High-Yield Bond Market Selloff
As the high yield debt market crashed this Spring, some blamed ETFs for the losses suffered by investors. But BlackRock, Inc. (NYSE:BLK), which owns iShares, a huge player in ETFs, says that is not true. [Chris Dieterich, MoneyBeat]
Your Mutual Fund’s Five-Year Return is About to Double
Interesting observation here. The one beneficiary of the financial crisis…. mutual funds. Most funds had poor performance in 2008 and now they will be able to wipe that year off their plate. [Brendan Conway, Barron’s]
Some Lehman creditors benefit from the bankruptcy
Today (or yesterday or one recent day) was the five year anniversary of the Lehman Brothers Holdings Inc Plan Trust (OTCMKTS:LEHMQ) bankruptcy. Some hedge funds made some big money buying the debt of Lehman Brothers. Paul Singer, Seth Klarman and Paulson and Co. made some big money. See the full list of winners from the crisis here. [Ben Eisen, Market Watch] Also, we got the hedge fund perspective on the big gains by some here. [ValueWalk]
Twitter: The Only Way To Play IPO ISs Via GSV Capital
GSV Capital Corp (NASDAQ:GSVC)’s VC fund owns Twitter, which comprises 15% of their holdings. But before investing some advice, read the rest of the post first. [Climateer Investing]
Just what is a confidential S-1?
The only public information that Twitter has provided about its IPO was a single message on its own Twitter feed: “We’ve confidentially submitted an S-1 to the S.E.C. for a planned I.P.O. This Tweet does not constitute an offer of any securities for sale.” So what is this confidential S-1 and how does it differ from a regular S-1? [Steven M. Davidoff, DealBook]
ZOMG Twitter IPO !!?!??!
People are very annoyed that the registration statement for Twitter’s initial public offering was filed confidentially and will be reviewed by the SEC privately. Some similarities with the Groupon Inc (NASDAQ:GRPN) IPO, but its not such a bad thing, sorta. [Matt Levine, Bloomberg]
How Investment Advisors Should Use Social Media
Among Facebook Inc (NASDAQ:FB)’s more than a billion users are a growing number of investment advisers who use the network, as well as other social media sites such as Twitter and LinkedIn Corp (NASDAQ:LNKD), to communicate with clients and prospect for new business. [Mark Henricks, Institutional Investor]
Not the Onion
Anti-Ketchup Vendor Fired For Discriminating Taste
Charley Marcuse was known as the Detroit Tiger’s hot dog vendor for 15 years. Possibly Heinz’s worst enemy, he was a crooner who advertised at Comerica Park…. [Alex Williams, WebProNews]