Value or Growth?

Everyone is fixated on finding the next Apple, but look at this stodgy department store, Dillard's. The stock rose twenty fold in twenty three months.  Too bad I didn’t buy it. It’s been on my screen…


True Religion Play

True Religion Apparel is technically poised for a bounce. Anecdotal checks of inventory show little discounting which leads me to believe that XMAS season went well. The high end consumer seems to…


Our largest positions for the New Year - Visa

Our largest position is Visa which is 16.41%.  This is an out-sized position and we will be reducing it soon one way or the other.  We all know who Visa is and we think it is pretty clear that cash…


MBI hot hot ticket today

Classic case of massive insider buying, doubting and mounting short position, legal wrangling with huge implications.   We loaded with  call options limiting our losses but taking the full upside…


Soda Sodastream 10 Bagger

This is truly a disruptive company.  What I mean by that is that this Company, SODA, has the potential to destroy CocaCola and Pepsi's business model.  I know that is a strong statment and I don't…


I'm a big fan of Apple but I'm buying Dell

Dell is cheap, insider buying, and the rumored possibility Michael Dell may take the company private although that makes no sense to me unless he is just fed up answering investor questions.    I…


We are playing a rather large amount of BAC options

This is a trade we are watching closely.  We are also long BAC.  There is nothing we can add to the story, it's too well documented.  There is a lot of insider buying at prices a little up for here…


Muni bond debacle

Muni bonds in the last three weeks have fallen out of bed. Normally I disdain these investments but we are nibbling at multiple Invesco Van Kampen funds yielding an amazing 8%. Symbols include…


The Euro Collapse or Evolution?

It almost seems a certainty that a run on the bank is taking place.  This particular run is the wholesale repudiation of the sovereign debts of the PIGS, Portugal, Ireland, Greece, and Spain.  Where…