August 2024
Holding On To Power
This excerpt from The Dictator’s Handbook explains that institutions are bubbling cauldrons of individual agendas that may or may not overlap with that of the institution. The authors pack the book with vivid stories and examples.
Smoke-Free, Addictive, and Highly Profitable
This company went from making addictive products that can kill you, to making addictive products that don’t kill you, and it’s generating huge margins doing so. It has all the ingredients of a high-conviction opportunity, when investors can make money with almost 100% certainty.
Sell Alert: iHeart Media 6.375% 5/1/2026 bond
We recommend selling the iHeart Media (Nasdaq: IHRT) 6.375% bonds because of concerns about the poor performance of the company’s radio stations. iHeart reported operating results for the quarter ending June 30 that were in line with the company’s lowered expectations. Revenue was $929 million, up 1% in the same quarter last year. Operating profit
Sell Alert: Close ATKR Position as Q3 Results Disappoint
We are recommending selling shares of electrical-infrastructure equipment maker Atkore (NYSE: ATKR). The company reported disappointing results for its fiscal Q3 earnings period (ending June 30). We’ll provide an in-depth review of the results in the upcoming portfolio update on August 16. For now, the key takeaway is that the company has suffered from a
Recession Indicator Flashes Red
The economy has reached a critical inflection point, with widespread consumer distress and a stalling labor market signaling an imminent recession. We’re bracing for a bear market, and providing an update on some of the recommendations in The Big Secret portfolio.