While Australian retailers are reporting excellent holiday sales most US retailers continue to struggle. Amazon is an exception, reporting best sales ever
Telstra announced today that the government has shut them out of the national broadband network tender process. Investor panicked and sold Telstra down $0.480 (11.62%) to $3.65, it’s lowest price in over two years.
The shorts have got out ahead of Suntech’s Q3 earnings announcement, firing up the rumour mills with some wild rumours. Let’s take a quick look at the three main claims.
Commonwealth bank call their new Capital Series Australia a new dimension in structured investments. They are having a laugh. Investors should avoid this product like the plague.
Homebuilders are selling below book and the US is in a recession. Is now the time to start buying? If we are anywhere near the bottom in housing then homebuilders are looking attractive.
I’ve still got plenty more to learn from Klarman, though I will never follow his exact path. I’d be disappointed if I’d shelled out a grand for Margin of Safety. Klarman would call the trading of his book at Amazon “trading sardines”.
"The whole problem with the world is that fools and fanatics are always so certain of themselves, and wiser people so full of doubts." Bertrand Russell, philosopher, mathematician, author, Nobel laureate (1872 - 1970)
"Too much prosperity makes men greedy and their desires are never controlled sufficiently to stop at the point of attainment." Seneca