Archive for June, 2010

Li Lu’s foreword to Poor Charlie’s Alamack

June 22, 2010 1 comment

A wonderful read on the great qualities that make Charlie Munger so unique. Exceptionally well written.

Categories: Uncategorized

GGP: Added to Russell 3000

June 15, 2010 Leave a comment

The Russell 3000 index will go through its annual rebalancing on June 25. One of the additions will be GGP. This will increase demand for the shares as funds and ETFs that mimic the index will need to buy shares of GGP. This is just the beginning of the demand for GGP from indexes, funds, and ETFs.

Update: The initial post said Russell 1000 but it is actually Russell 3000.

Categories: Updates

Sold Out: TNDM

June 14, 2010 5 comments

Had a conference call with the management today and I walked away with more questions and concerns. Their cash flow still seems strong and the Ethernet exchange business looks to be a valid growth opportunity. Although I’m taking out the cash until I can get comfortable with the pricing issue related to their voice business.

Categories: Updates

Weekend Reading

June 11, 2010 Leave a comment

Pershing Square Q1 Letter: Great read for GGP investors

Ackman’s IRA Sohn Conference presentation: Slide 41 of interest to GGP investors

As China’s Wages increase, export prices could follow: NY Times article on China and coming inflation

Categories: Uncategorized

New Buy: Palladon Ventures

June 11, 2010 11 comments

This is actually an old purchase that I had sold out of. Today’s press release confirmed my initial thesis on the investment. I bought a very small stake, less than 1%, on PLL today. The company has started shipment of iron ore and figured out all the parts of getting the product shipped to the port, Richmond, CA. The first shipment should be completed by July 2010. If all goes well, we can see major increase in shipment.

Categories: Investment Idea


June 9, 2010 4 comments

The GOM disaster has created a great buying opportunity in ATPG. The shares have been hit hard and insiders have been buying up in hords. I doubled down today.

Categories: Updates

OESX: Sold Out

June 5, 2010 Leave a comment

Sold out of OESX today. Similar to the selling out of PRXI, I think OESX doesn’t move anywhere in the short-term. Whereas many of my holdings (CPD, GGP, HNR) have short-term catalyst that should substantially impact the stock price.

Categories: Updates