Ponzis Go Boom!!!
For the past few years, I have been critical of the Ponzi Sector. To me, these are businesses that sell a dollar for 80 cents and hope to make... Read More
SHLL We Unwind This One…???
Yeah, yeah. I know. The ticker has changed and it’s no longer SHLL as the merger got approved. Then again, I’m a fan of word-plays and nothing works with... Read More
Cookin’ With Gas…
Before I start, it’s worth putting things into perspective here. In the fall of 2018, I made a call on natural gas (mostly based on the same thesis expounded... Read More
Project Zimbabwe
Roughly a month ago on the afternoon of Sunday, March 8th, Fed Chairman Powell had an emergency staff meeting. Q1 2020 hedge fund letters, conferences and more geralt / Pixabay Powell: I... Read More
The Only Constant Is Change…
Quick housekeeping note: I’ll be in Orlando for ICR from January 12 to 15. If you’re attending and would like to chat stocks, please email me at [email protected] Q4... Read More
HIIQ is now a very different business from what I was buying earlier in the month
On Tuesday I wrote about thesis creep from the short sellers in Health Insurance Innovations (HIIQ – USA). At the time, I thought I was paying around five times... Read More
Inflation Is Coming…
Investing is all about probabilities. If the perceived odds of an event are high, certain securities will be priced based on those expected probabilities. The corollary is that when... Read More
Tankers Keep Trending Better…
For my entire career, I have closely watched the Global Micro Trends I’m invested in (I have a new term and I intend to abuse it—sorry). I have to... Read More
Tesla is using fake numbers to mimic a trend. Computers can’t see fraud
I know, I know, you’re sick of hearing about my vacation. Don’t worry, I’m not sharing vacation pics again. Rather, I want to talk about what I “discovered” in... Read More
Altisource Valuation Analysis
We have a lot of new readers here, so let me reiterate the house rules. Q3 2019 hedge fund letters, conferences and more Stevebidmead / Pixabay I am not your financial... Read More
Full Frontal Fraud…
Let me cut to the chase; I won a few along the way, but Elon Musk clearly won this most recent battle. Q3 2019 hedge fund letters, conferences and more Blomst... Read More
Shipping Is All About Upside Leverage…
Nine months ago, I began writing quite regularly about shipping (first article, second article, third article, fourth article). The thesis was simple; there was a dearth of new orders,... Read More
Miami Real Estate Is About To Collapse…
Miami has a highly cyclical property market where the magnitudes of the booms and busts dwarf anywhere else in the country. In my experience, trends in Miami real estate... Read More
On Getting Antero Resources Wrong: Post Mortem
I pride myself in being a contrarian. When someone tells me that something positively cannot happen, I immediately wonder what security is mispriced if there’s even a 1% chance... Read More
A Look At The Uranium Market
Last night, I had drinks with my good buddy Mike “Mr. Uranium” Alkin. As you can guess, we talked a lot about Mike’s favorite topic; uranium. Q2 hedge fund letters,... Read More
Why Elon Didn’t Use Solar Panels On The Gigafactory Roof
Kuppy, Now we know why Tesla never bothered to put those solar panels up on the Giga-factory roof. Didn’t want to burn down his own facility. HAHA Q2 hedge fund letters,... Read More
Altisource: Long Thesis
A few weeks back, I wrote about “long-shorts.” These are companies that see their businesses improve when the overall economy deteriorates. I’m increasingly convinced that we’re about to see... Read More
What does a “long-short” look like?
Longtime readers of this site know that I try to avoid making big stock market calls as I feel that I have no edge there. An overvalued market perched... Read More
Why June Is Christmas For Small Caps
“Yo Kuppy!! I’ve been working this order for 5 million shares for the past two months, I have 400k left. Gonna print em in the hole ‘cause it’s end... Read More
Tesla will remind people of a Palm Pilot when compared to an iPhone—except I don’t remember Palm Pilots killing anyone
Given the amount of time I’ve spent talking about Tesla Inc (NASDAQ:TSLA) on this site, I’d be remiss if I didn’t point out that I materially changed my position... Read More
Time To Finally Buy Greece???
In the fall of 2017, I spent 2 wonderful weeks in Greece (Part 1, Part 2, Part 3). I ate great food, drank a bit too much ouzo and... Read More
