Apple (AAPL) made headlines recently for continuing to post strong numbers even amidst the COVID-19 pandemic. The company also announced that its Board of Directors approved a four-for-one stock split. So what does this mean? You might be under the impression that a stock split is a move utilized for companies that are in financial … Continue reading What is the Difference Between a Stock Split and Reverse Stock Split?
Carson Block is currently one of the most notable short sellers and activist investors in the eyes of the investment public. He has hit some notable home runs, including most recently with his exposure of fraudulent accounting practices at Luckin Coffee, once thought to be the “Starbucks of China.” He remains best know for the … Continue reading Carson Block: Biggest Calls From The Muddy Waters Short-Seller
Steve Eisman is not a name that many casual investors will recognize as readily as Warren Buffett or even Carl Icahn. Mention that he was the lead character in the movie “The Big Short” however, and you will get a strong flicker of recognition. Eisman will be forever immortalized as the protagonist of The Big … Continue reading Steve Eisman: What Calls Has The Big Short Investor Made Since the Financial Crisis?
Photo: BroStocks Media. I was doing my biweekly grocery pick up when I saw a rather striking site across the plaza, an empty Chuck E. Cheese's parking lot with big writing on the windows: $5 PIZZA. It was in that tacky writing you see on the back of a midsize SUV or minivan that says … Continue reading Adjusting to the New Reality: Chuck E. Cheese in the COVID-19 Era
In a recent post, we talked about the difference between investors and traders, and everything in this post will apply to investors. That is to say, the content of this post applies to people interested in a longer term position in stocks of three or more years. With the historic bull run that the United … Continue reading What are Inferior Goods? 2 Stocks with Potential Durability for a Recession (or Depression)
Are you a trader or an investor? If you’re new to the stock market this question might seem trivial, but it’s important that you’re clear on the distinction. Many investors make mistakes by taking on the behavior of traders, and many traders often lose money when mistakenly acting like investors. Investors enter positions for long-term … Continue reading Seven Key Differences Between Investors and Traders
"You keep saying propping up zombie companies...are you arguing to let airlines, for example, fail?""Yes."A stunned Scott Wapner, a longtime CNBC host, stammers and stutters..."why? How does that make sense in the broader scheme of the economy?" "This is a lie that has been purported by Wall Street, when a company fails it does not … Continue reading Why Chamath Pailhapitiya says we should “let companies fail” during Coronavirus
Update July 19, 2020: Stock buybacks are reportedly down 98% over the last year as of June 2020.In the wake of negative United States economic news this month, there's been a lot of talk about stock buybacks. The controversy is this: should major companies that have been buying back their own stocks as a means … Continue reading Why Are Stock Buybacks Bad?
In a recent piece on building a portfolio that can withstand any market environment, we discussed how many considered a 100% stock portfolio as the place to be during the last ten years. Then came a global pandemic and oil price war that set stocks back about 30% year to date. Disappointingly, other asset classes … Continue reading Hiding Places: Profitable ETFs During the Coronavirus Bear Market
Update: As of June 13, 2020, the Press of Atlantic City is now reporting that owner Carl Icahn has reached agreement with Atlantic City Mayor Marty Small, Sr. to tear the building down no later than February 2021. The simple answer to the headline's question is Carl Icahn, the 84-year-old billionaire and supporter of President … Continue reading Who Owns the Trump Plaza Atlantic City and What is Going on With it Now?