Archive for August, 2006

There was an article in today’s Wall Street Journal regarding bondholders demanding payment due to the lack of timeliness of firm’s reporting their earnings and other financial reports. Primarily, it was hedge funds holding bonds who where effectively placing the firm in default and in some instances demanding reorganization under the Federal bankruptcy laws. This led me to think about... »

This week, I entered into no new transactions and let my cash sit on the sidelines. Here is the performance of the portfolio versus the major indices; all prices are used from closing of August 29, 2006. TickerTotal CostCurrent Value Gain/LossAIG$6,626.05$6,678.000.78%CHKE$4,495.47$4,457.64-0.84%RSH$5,996.45$6,003.200.11%CASH$82,882.03TOTAL$17,117.97$100,020.870.05%PERFORMANCEWEEKS CHANGEOVERALLS&P 5001.26%2.31%DJIA0.07%1.56%PORTFOLIO-0.05%0.05%Overall the portfolio has performed poorly due to the fact that the portfolio is not properly diversified, and this... »

This portfolio will follow our modernized Benjamin Graham value investing approach, starting with $100,000 and $10 commissions.  Taxes are ignored.  For ease of calculation, cash will not be given any interest.There were no transactions this week.The performance of Intel (INTC) was very good this week.  Marine Products Corp (MPX) and Dollar General (DG) were both down on the week, while McClatchy was up... »

The company of the week this week is Johnson & Johnson (JNJ), a manufacturer of a range of products in the healthcare field.  As we did last week, we will be looking reviewing the company using Warren Buffett’s approach for the Business & Management Review.  We will also use Benjamin Graham’s overall philosophies to guide our Financial &... »

When we buy an item we are not paying for just the item itself. We are paying the people who make the item, the people who transport it, the people who sell it, and countless other things from the space the store takes up to their phone bill. If we were only paying for the value of the... »