SubscribeTDI Episode 62: Bye Bye Mr. American Lie
June 22, 2008
Guest: Zach Scheidt, Hedge Fund Manager. We discuss the IPO market and Andrew is back on his soapbox on the Lehman letter saying that a big part of the problem is the lies and PR spin by the financials. We answer some listener questions and get into a few hedging ideas with the use of ETFs. We even dare discuss the idea of shorting the DJ Oil Index!
Zach Scheidt is the founder and Managing General Partner of Stearman Capital, LP. After graduating with honors from Lee University, Zach attended Georgia State University at night while beginning his career in the securities industry. He then received his MBA in 2001 and also achieved the Chartered Financial Analyst designation in 2003.
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Note: Zach’s IPO/New Issue Hedge Fund is available for qualified investors.
Zach is an avid writer (you have to subscribe to his blog) and periodically publishes articles on individual securities as well as sector and general market themes. He is a regular contributor to Seeking Alpha and has been quoted in numerous financial publications including the Wall Street Journal, TheStreet.com and Yahoo Finance. A participating member of the Atlanta Society of Financial Analysts, Mr Scheidt maintains an active profile in the Atlanta investment community. Also, read Zach’s excellent article on Hedge Funds….
This podcast is brought to you by Audible.com. Download a free audiobook of your choice today HERE
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CLICK HERE for Indications of Interest for
The Disciplined Investor Managed Growth Strategy
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Stocks and other mentions: (DUG) (DIG) (AAPL) (YHOO) (COF) (LEN) (BIDU) (LEH)
ChartFest: Homebuilders or Ski Slopes?
U.S. News & World Report: TDI Podcast is TOP 10!
Lehman’s Private Letter to Limited Partners
ChartFest: Homebuilders or Ski Slopes?
June 21, 2008
The home-builders are really taking a shellacking. Pulte (PMH) and Toll Brothers (TOL) clearly look better than the others, though that is not saying much. There will be a couple of earnings releases next week which include Thursday’s release from Lennar (LEN) and followed on Friday by KB Homes (KBH).
We should get a better insight into how deep of a problem it will be for the next several months. I don’t have high hopes.. Do you? What are your thoughts? Are they coming back? Add a comment below…
(Also, check out the latest TDI Podcasts HERE)
Disclosure: Horowitz & Company clients may hold positions in the securities mentioned as of the publish date.
U.S. News & World Report: TDI Podcast is TOP 10!
June 20, 2008
U.S. News & World Report has named The Disciplined Investor one of the top 10 investing podcasts! Katy Marquardt, an associate editor at U.S.News & World Report and author of the column ‘New Money’, names some of the best podcasts around and we are proud to be part of this exclusive list….Here is the blip/blurb:
The Disciplined Investor: For stock investors who want to stay informed, this show features recent market news, interviews with financial bloggers, journalists, and analysts, as well as panel discussions with experts on stock-picking strategies. It is hosted by investment adviser Andrew Horowitz.
Frequency: Weekly - Recent topics: Microsoft and Yahoo, airline, media, and technology stocks
Also among the honorees was Money Girl, which I continues to guest host through the summer.
Banks failing, so they are changing the rules….
June 19, 2008
The Wall Street Journal is telling us that there is a new game being played by banks to help make their book of businesses, “look” better. It is a desperate move but the problem is the lack of regulation that continues to allow for this latest form of unethical behavior.
In January, Astoria Financial Corp. told investors that its pile of nonperforming loans had grown to about $106 million as of the end of last year. Three months later, the thrift holding company said the number was just $68 million.
How did Astoria do it? By changing its internal policy on when mortgages are classified on its books as troubled. The Lake Success, N.Y., company now counts home loans as nonperforming when the borrower misses at least three payments, instead of two.
This type of blatant disregard for the consumer and shareholders will continue as the FED and the Treasury turn a blind eye. Yet, the truth is that this immoral and I daresay borderline criminal action will continue. Let’s face it, there is really no teeth and not enough of a deterrent that provides for a second thought by any of the laws on the books today.
As long as off-balance sheet deals and creative bookkeeping is allowed, feel confident that this will go on indefinitely.
On the other hand, if the banks continue to operate under the current rule set, how long will they be able to stave off the inevitable if their book of business is failing. AND, one more thought…are we all culpable as well as it is somehow in our best interests that they stay solvent and therefore ignore the obvious?
What can we as investors do anyway except vote with our buy or sell orders?
Stocks: (NCC) (WM) (COF)
TDI Episode 61: A Technology Carol
June 15, 2008
Guests: Leo Laporte and John C. Dvorak discuss all things Tech. We have a friendly chat to discuss the Technology of past and present and future. The Yahoo! and Microsoft deal (or not) and the general take on Apple’s new iPhone.
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We tried to get it scheduled but at the last second, it all fell apart. So, two guests…just not at the same time. First up is John C. Dvorak who gives us his outlook on iPhone versus the Blackberry. Then in a something that you will only hear on this episode, John shares with us the something special, the perfect wine selection for dentists. WiMAX is analyzed along with
Listen/Read John all over the place including: MarketWatch, No Agenda Podcast, Cranky Geeks…
Acronym Finder via Dvorak.org/home.htm
Next, Leo Laporte, TWIT.tv. Leo is an amazing host and has a vast range of technology that he uses and understands. Surface computing, AntiVirus and AntiSpyware and who are the players that may be hurt by Microsoft’s entry to the market. Amazon and the cloud.
Some terms and products dug up from the past: VisiCalc, Wordstar, Apple2, DOS, Next Computer, Dumb Terminal, Palm Pilot, PDA, Zoomer and more…
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CLICK HERE for Indications of Interest for
The Disciplined Investor Managed Growth Strategy
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This podcast is brought to you by Audible.com. Download a free audiobook of your choice today at HERE
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The ZachZone Stocks: (NOTE: ZachZone will not be heard on podcast this episode, though these are the stocks he is watching) Walter Industries, Inc. (WLT), Bristow Group Inc. (BRS), Verso Paper Corp. (VRS), American Water Works Co., Inc. (AWK)
Stocks Mentioned in this Episode: (IBM) (INTC) (AMD) (GOOG) (YHOO) (MSFT) (AAPL) (RIMM) (PALM) (S) (PRXM) (MFE) (AMZN) (VMW)
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