Dec 25, 2016 by Alex Dumortier, CFAYou'll Be Surprised at the Size of Berkshire Hathaway's War ChestWarren Buffett's Berkshire Hathaway has amassed an $85 billion cash mountain. Here's why he can't invest it all, and a few acquisition ideas to put some of those dollars to work.
Dec 23, 2016 by Alex Dumortier, CFAAt an Almost 8-Year Low, Is Deutsche Bank a Buy?Even following a sharp rebound, the U.S.-listed shares of Deutsche Bank are roughly flat with respect to their Jan. 2009 low. At such depressed levels, is Deutsche Bank a buy?
Dec 22, 2016 by Alex Dumortier, CFAFairfax Financial Picks Up Allied World Assurance in Christmas Bargain HuntWith the $4.9 billion acquisition of Allied World Assurance, Prem Watsa aims to complete Fairfax Financial Holdings' largest-ever deal. But for this value investor, price is more important than size.
Dec 20, 2016 by Alex Dumortier, CFAMortgage Rates Decrease Slightly as Financial Stress Closes In on a LowMortgage rates were slightly lower on Tuesday. Meanwhile, measures of financial stress suggest that the credit environment is as favorable as it has been all year.
Dec 19, 2016 by Alex Dumortier, CFAMortgage Rates Little Changed; European Banks Ready to Bury the Mortgage-Crisis GhostThe main fixed-rate mortgages were little changed on Monday; meanwhile, Deutsche Bank and Credit Suisse are reportedly making headway in reaching a settlement with the Justice Department regarding their activities in the run-up to the mortgage crisis.
Dec 16, 2016 by Alex Dumortier, CFABerkshire Hathaway Stock Hits a Quarter-Million Dollars a Share: These 3 Acquisitions Got It ThereThis week, BRK-A shares traded above $250,000 for the first time -- another remarkable milestone in Warren Buffett's unique corporate experiment.
Dec 15, 2016 by Alex Dumortier, CFA3 Warren Buffett Stocks to Buy in DecemberYou probably haven't heard of all three of these names, but they're “Warren Buffett stocks" -- they belong to companies with sustainable competitive advantages, and they're fairly priced.
Dec 11, 2016 by Alex Dumortier, CFAWhen Will Apple Split Its Stock Again?The world's most valuable company last split its shares in June 2014, at a time when the stock price was above $600. Based on that, the next Apple stock split could be a long time coming.
Dec 11, 2016 by Alex Dumortier, CFA, Rich Duprey, and Keith NoonanRoundtable: Where Will GoPro Be in 10 Years?As it embarks on an urgent restructuring, we asked three of our contributors to look beyond GoPro's next quarter: Where might the action sports camera specialist be in 10 years?
Dec 10, 2016 by Alex Dumortier, CFA3 of the Worst IPOs of 2016 (and Why You Should Consider 2 of Them!)NantHealth Inc, ZTO Express Inc, and Valvoline Inc were among the worst-performing IPOs in 2016, but two of them are well-entrenched, profitable businesses that are worth looking at now.
Sep 27, 2016 by Alex Dumortier, CFAGeorge Soros's Best-Performing Stocks of 2016 So FarGeorge Soros is more engaged in managing his personal fortune than he has been in years. These are the five best-performing stocks of 2016 among Soros Fund Management's top holdings.
Sep 18, 2016 by Alex Dumortier, CFAThese 2 Billionaires Sold $1.7 Billion of Netflix Inc StockTwo hedge fund managers sold nearly 20 million shares of the company during the second quarter. Is it time for you to sell, too?
Aug 28, 2016 by Alex Dumortier, CFA7 Things You Didn't Know About the New York Stock ExchangeThe New York Stock Exchange is a globally recognized symbol of American capitalism. Here are seven things you probably didn't know about the New York Stock Exchange.
Jul 20, 2016 by Alex Dumortier, CFAInvestors: Don't Fall for the Stock Market Bubble StrawmanJust because stocks aren't in a bubble doesn't mean they aren't overvalued.
Jul 19, 2016 by Alex Dumortier, CFAFor Berkshire Hathaway's Latest Multibillion-Dollar Deal, Warren Buffett Goes Back to InsuranceThe acquisition of Medical Liability Mutual Insurer Inc. bolsters Berkshire Hathaway's leadership position in the healthcare liability insurance sector.
Jul 15, 2016 by Alex Dumortier, CFAHerbalife Investment Reveals Bill Ackman's Psychological LimitsDistinguishing between confidence and hubris is extraordinarily difficult when you're leading a high-profile, adversarial campaign against a company, as billionaire investor Bill Ackman is discovering with his unsuccessful encounter with Herbalife Ltd.
Jul 14, 2016 by Alex Dumortier, CFAAt Near-Record Levels, Share Buybacks Should Concern InvestorsCompanies have been instrumental in the stock market rally through share buybacks, but at near-record levels, they are a red flag for value-conscious investors.
Jul 13, 2016 by Alex Dumortier, CFAThe Sequoia Fund Finally Exits Valeant Pharmaceuticals: 2 Lessons for Investors From a FiascoThe Sequoia Fund disclosed that it has sold its remaining stake in troubled drug company Valeant Pharmaceuticals, but there are valuable lessons for investors to learn from Sequoia's multibillion-dollar mistake.
Jul 12, 2016 by Alex Dumortier, CFA2 Graphs Utilities and Telecom Share Investors Need to SeeAs bond yields collapse, investors are piling into utilities and telecoms stocks, but reaching for yield at any price is hardly a riskless strategy.
Jul 11, 2016 by Alex Dumortier, CFAEarnings Season: The Numbers Don't Add Up for StocksThe S&P 500's earnings power doesn't justify new highs.