All that we see or seem is but a dream within a dream. Edgar Allan Poe All things are subject to interpretation. Whichever interpretation prevails at a given time is a function of power not truth. Friedrich Nietzsche I was walking down the street wearing glasses when the prescription ran out. Steven Wright I think one of the [...]
Celgene, part of our Global Opportunities portfolio, reported earnings this morning slightly better than expected, although it appears revenue was a slight miss: Celgene Corporation (CELG) reported net product sales of $1,416 million for the fourth quarter 2012, a 14 percent increase from the same period in 2011. Adjusted net income for the fourth quarter 2012 increased 21 percent to [...]
A report on our tactical portfolio moves for the week, all which occurred Thursday. Global Opportunities portfolio: Sell AHT, Sell UPL, Buy CELG, Buy MSFT Ashford Hospitality Trust is a hotel Reit we purchased in the first quarter of 2011. With low interest rates, our thesis held that Ashford would obtain cheap refinancing of existing debt and leverage the performance of prime properties [...]
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