March 7, 2016 @ 2:10 pm | Buy, CHK, Jubak Top 50 Portfolio |
In the process of revising the long-term 50 Picks portfolio and selling my short-term position, I seem to have deleted the entry for Chesapeake Energy (CHK) in my long-term Jubak 50 portfolio. It should still be that portfolio–even though I’ve sold it out of the 12-18...
January 16, 2012 @ 2:56 pm | Jubak Top 50 Portfolio, PXD |
I added Pioneer Natural Resources to my long-term Jubak Picks 50 portfolio https://jubakpicks.com/jubak-picks-50/ on Friday, January 13 (https://jubakpicks.com/2012/01/13/10-stocks-for-10-years-2012-edition-my-annual-update-of-my-long-term-jubak-picks-50-portfolio/ )...
June 16, 2011 @ 3:13 pm | Breaking News, DD, Jubak Top 50 Portfolio |
This isn’t your parents’ chemical company anymore. For example, EI du Pont de Nemours (DD), DuPont to its friends, got 28% of its sales in 2010 from its agriculture and nutrition segment. (That percentage will go up once DuPont integrates its acquisition of Danisco,...
February 4, 2011 @ 12:18 pm | Sell |
Doing some catch up on this stock. I dropped it from the Jubak Picks 50 long-term portfolio on January 18, but this first time I’ve had the time to explain why in detail or to actually remove it from the portfolio. I’m working on explaining the other sells...
January 19, 2011 @ 11:32 am | Update |
A cement maker like CEMEX (CX) couldn’t have picked a worse set of markets for the global economic crisis if it tried. Second biggest market for the company? The United States, epicenter for the global housing meltdown. Next biggest? Spain and the United Kingdom. And...
January 18, 2011 @ 8:30 am | Jubak Top 50 Portfolio, Leading Indicators, You May Have Missed |
So far, this pick 10 stocks for the next ten years thing is a piece of cake. All you have to do, after all, is start your picks in the bottom of a bear market but close to a recovery and then ride out the next ten-year bull market, right? That was good enough for a...
October 15, 2010 @ 12:19 pm | Update |
Some movement this week in simplifying the complicated balance sheet of Fortescue Metals Group (FSUMY), the third largest iron ore mining company in Australia. The company’s stock climbed 7.8% on October 11 after Fortescue announced that it had signed a $2.04 billion...
March 8, 2010 @ 3:50 pm | Update |
What you want in a gold stock is a company with rising reserves and falling costs. Goldcorp’s (GG) end of 2009 report on reserves shows that it’s still delivering rising reserves. We’ll see how the company is doing on costs when it reports after the market closes on...
January 5, 2010 @ 2:22 pm | Sell |
This one is very simple: Warren Buffett’s Berkshire Hathaway (BRK.A) is buying the Burlington Northern Santa Fe (BNI) railroad for $100 a share. So I’m selling it out of my long-term Jubak Picks 50 portfolio because in the long-term this stock isn’t going...
January 5, 2010 @ 2:16 pm | Sell |
In a very controversial vote Accor’s (ACRFF.PK) board of directors voted on December 15 to split the company into two businesses. Accor Hospitality would focus on the company’s hotels and Accor Services would focus on voucher and pre-paid services. Activist...
January 5, 2010 @ 2:06 pm | Sell |
Solar has become an impossible business—even if you are the largest independent producer of solar cells in the world—if you can’t get costs under control. Q Cells (QCLSF.PK) is the midst of layoffs, write downs, and asset sales that are intended to fix what is now an...
January 5, 2010 @ 2:00 pm | Sell |
This isn’t so much a negative judgment on Tejon Ranch (TRC) as it is on the state where all its real estate is located: California.  The state’s politics are completely dysfunctional. Its tax system is broken. It’s vaunted quality of life—that once included such...
January 5, 2010 @ 1:53 pm | Sell |
When the reason you bought a stock no longer applies, you sell. I bought ING (ING) on this relatively straightforward story: The Dutch banking and insurance giant was redeploying assets from its mature markets in Europe into growth markets in the developing economies...
January 5, 2010 @ 8:30 am | Breaking News, Leading Indicators, PXD, You May Have Missed |
Buy and hold isn’t dead, but its DNA sure could use a bit of genetic engineering. Buy and hold was never intended as buy and forget, but a great bull market run like the one that stretched from 1982 to 2000 made it seem like all an investor had to do was buy and then...
September 15, 2009 @ 8:30 am | Breaking News, Leading Indicators |
It’s time to consider shifting gears.  Instead of chasing the winners of the last stock market rally—the one that’s still going on–I think you should start putting some money into the potential winners of the next move up. Even if that means leaving the last 10%...
August 24, 2009 @ 12:47 pm | Update |
Bad news. I mean really, really bad news. On July 28 Chile’s LAN Airlines (LFL) reported that second quarter profit dropped a huge 93%, although the company did manage to stay profitable (to the tune of $4.2 million) during the quarter. But maybe a turning point. On...
August 24, 2009 @ 10:30 am | Leading Indicators |
This is a repeat post from August 18 for all those who missed my notice on publication plans for the rest of August. I’m going to use the next couple of weeks to try to make a big dent in my backlog of updates for the Jubak Picks 50 portfolio from my book. When...
August 24, 2009 @ 8:30 am | Update |
When I added BHP Billiton (BHP) to my Jubak Picks 50 portfolio in my book The Jubak Picks I said that the company was a one-buy way to get exposure to a wide spectrum of commodities. In the first half of 2009 that diversification paid off big, the company reported on...
August 21, 2009 @ 10:30 am | Update |
Ever since this recession began Cisco Systems (CSCO) CEO John Chambers has shown an unexpected talent for taking all the joy out of his company’s earnings report. And he did it again when, on August 5, Cisco Systems reported earnings of 31 cents a share for the...
August 20, 2009 @ 8:30 am | Update |
There’s just one more big customer negotiation standing between Potash of Saskatchewan (POT) and a bottom for potash prices. Unfortunately for anyone hoping for a quick fix that customer is China and the Chinese are likely to take their time striking a deal. In...
August 19, 2009 @ 10:30 am | Update |
One half of HSBC’s (HBC) business is performing beautifully. Unfortunately, it’s not the part that I most want to own. On August 3, HSBCÂ reported second quarter earnings that showed that its investment banking and trading had doubled its pre-tax profit for...
August 18, 2009 @ 10:30 am | Update |
The short-term numbers that Vale (VALE), the world’s low cost exporter of iron ore, reported on July 30 for the second quarter of 2009 were ugly but expected. Operating revenue dropped by $300 million to $5.1 billion from the first quarter. Profit margins fell to 20%...
August 17, 2009 @ 2:30 pm | Update |
Certainly Mexican cement producer Cemex (CX) isn’t out of the woods yet, but the trees sure look a lot less menacing. The company wound up buried under cord upon cord of debt, thanks to an aggressive acquisition strategy that culminated in the 2007 purchase...
August 4, 2009 @ 10:30 am | Update |
For Luxoticca’s (LUX), the world’s largest maker and retailer of sun glasses, the  second quarter was a war between the slowdown in developed economies such as Europe and the United States and growth in emerging economies such as China. Because...
July 29, 2009 @ 3:32 pm | Breaking News, Leading Indicators |
The Shanghai Composite stock index closed down 5% on July 29. The intraday damage was worse with stocks down 7% at one point. The rout wasn’t surprising. The Shanghai market was up almost 80% for 2009. And rumors have been swirling in recent days that officials...