Q3 2007 Earnings
These are my notes as posted on TMF in 2007. CCRT was trading at around $15 and I considered it could value, but did disclose my relative ignorance of financial companies.
Transcript http://seekingalpha.com/article/52923-compucredit-corp-q3-2007-earnings-call-transcrip
Release http://us.biz.yahoo.com/iw/071105/0324164.html
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I have no clear idea what is going to happen with CCRT over the next year, but things seem more certain further out. That is the reverse of my normal thinking with companies’ prospects.
Will they go bankrupt? So unlikely I am happy to give that a 1% chance. [What a difference a year makes. What’s …

Reading

Tharp “Trade your way to Financial Freedom”. This is my second full read of this brilliant book. I highly recommend Tharp to everyone.  One major takeaway from the book is that most people focus almost exclusively on “entry point”, when that is the least influential determinant in successful investing/trading.
www.thomasnogales.com/emails/2008-12.htm
The funny thing is that I agree with almost everything he says this month and yet I am close to 100% cash invested.
Transcript for Jeremy Grantham http://www.wealthtrack.com/transcript_11-21-2008.php or the video if you prefer. Video of Jeremy Grantham
Recessions, fantastic summary and overview.
The Five …

One measure of the increased concern at the ability of the United States to finance its enormous deficits in the future is the rising cost of credit default swaps bought as protection of Treasury debt. These traded near a record high on Tuesday, with benchmark 10-year contracts on Treasuries increased to 42 basis points, or 0.42 percentage points, from around 20 in early September. The contracts have also risen from below two basis points at the start of the credit crisis in July 2007.
While it remains unlikely that the US …

There is a lot of negativity floating around these days. It would be a bizarre alternative world if there wasn’t! There is a lot to be negative about. However, it is priced into the market and unless a complete breakdown in capitalism occurs we’re probably within 20% of the bottom. Fear levels are high and people are finding it hard to see the inevitable upswing. GOOD I say. We must be even closer to the bottom than I thought.
Looking forward the world is just about to enter one of the …

The Fusion Investment Portfolio will sell QQQQ at US market close today and buy the Australian market at open via the ETF STW.AX.

The Portfolio is currently outperforming the ASX200 by 17.1%.

Equity markets are currently a wild roller coaster ride. With volatility remaining high most days bring gut wrenching up or downs. No-one knows what is going to happen tomorrow or even next year, though that’s the one question that keeps being asked. I never was a boy scout, but I am a big believer in their motto of being prepared.

Many market participants suffer from the need to do something, to buy or sell. They may achieve better results if they stopped doing and started planning. One way to beat an index is timing one wave correctly. As the equity markets are like an ocean there is never a shortage of new waves to get in tune with. Rather than guessing when to start paddling to ride the wave, get in tune with the waves then watch and react at the right time.

That’s enough of the nebulous phrases, let’s dive in to see how to put it in to practice.

A flurry of announcements and postponements puts another twist in the GTP saga. Year end results are out and a non-core sale announcement.