Manager: Scott Daly Model: NASDAQ 100 Long-Short Quant The markets are irrational at best. The basic economic factors, unemployment remaining so high, oil at levels not seen before, foreclosures still rising, all would lead you to think that the market has one way to go, down. But yet it continues to […]
Manager: TenStocks Model: TenStocks The Tenstocks Covestor Portfolio completed its first year on May 11th, 2011. We do not believe performance based on less than five years of data has any real significance. The predictive value of one year’s worth of performance is close to zero. Multiple grains of salt […]
Manager: Alejandro Paschalides Model: Energy Alejandro Paschalides manages Covestor’s Energy model, which invests in companies heavily exposed to energy/transportation costs, and uses a top-down approach to qualitatively narrow down investment options. He recently shorted Green Mountain Coffee Roasters (NASDAQ: GMCR), so we asked Alejandro to share his investment thesis for the transaction with us. […]
Author: George Silva, Fat Pitch Financials Covestor model: Workouts There was a modest amount of activity in the Workouts model in the month of April. As was mentioned in the April report, the remaining shares of the model’s position in The European Equity Fund (EEA) were sold on April 1, […]
Author: Capital Ideas Model: Macro and Macro Plus Income The month of April brought a few changes to our portfolios. The Macro ETF fund remained focused on the three major trends we believe will continue. To invest in those trends we own the following securities. They are: Trend 1: The expanding need for […]
Manager: Michael Arold Model: Technical Swing Michael Arold manages Covestor’s Technical Swing model, which uses multiple technical indicators. Arold takes a discretionary view of trending stocks and sectors, based on the fundamentals of likely moves in the opposite direction. It’s a short term model looking to capture profits in short term price […]
Corsair Capital Management is a value-driven investment manager that focuses on conducting extensive due diligence to give it an edge in identifying positive discrepancies between price and intrinsic value. The firm recently released its 1Q 2011 shareholder letter, in which is profiled IDT Corporation (NYSE: IDT) a multinational holding company with operations […]
Economist John Harvey says it’s not supply and demand: Today’s spike is being driven by speculation, just as it was up to the financial crisis. Don’t take my word for it. Consider the data… Today, not only have known reserves risen substantially, but we are only just emerging from the […]
On 5/10, Microsoft (NASDAQ: MSFT) announced it had reached an agreement to buy Skype from its current owners, including eBay (NASDAQ: EBAY), for $8.5 billion. According to The New York Times, the deal helps MSFT expand its role in telecom, which has declined in recent years but is experiencing a […]
At the Value Investing Congress in early May, Whitney Tilson provided his latest take on The St. Joe Company (NYSE: JOE), which his hedge fund is short: T2-Partners-JOE-HHC Covestor models that hold JOE as of 5/10 include: Douglas Estadt’s Management Access is long JOE Michael Arold’s Technical Swing is short […]
Corsair Capital Management is a value-driven investment manager that does heavy due diligence to try to gain an edge in identifying discrepancies between price and intrinsic value. The firm recently released its 1Q 2011 shareholder letter, where management discussed some of its recent investments. One of these was Globe Specialty […]
Manager: Todd Feldman, BFI Advisors Model: Behavioral Global Macro For the Behavioral Global Macro model, manager Todd Feldman of BFI Advisors aims to pinpoint key inflection points within financial market cycles. Based on a variety of critical factors, the model framework varies risky asset allocations and determines the optimal amount of cash […]