dasty

Tactical Update

By |2013-04-15T02:50:22-04:00April 14th, 2013|Markets|

This "recovery" is in its 4th year.  Unfortunately, we have yet to see robust growth in employment or incomes.  The recovery continues to be about low interest rates and abundant liquidity.  Cheap debt capital benefits equity owners.  Whether real or nominal, as revenues grow and the cost of capital becomes cheaper, the benefits flow to equity owners. Companies are not [...]

Global Opportunities New Highs

By |2012-12-19T12:44:30-05:00December 19th, 2012|Markets, Stocks|

12 of the 27 stocks held in our Global Opportunities portfolio are trading at or near their 52 week highs: ABC, AFL, AMGN, BAM, BIIB, BK, CELG, DASTY, KMB, LXP, V and BHP I think that is pretty remarkable. Most of these stocks we've owned for some time (some of them for years) and we aren't momentum traders so this [...]

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