Each Friday, we provide an update on the current live tracking portfolio (as of the previous day’s closing prices), a summary of the last week of trading activity, and updates on any significant developments among the companies we have positions in.
Many beaten-down bonds deserve to be beaten down and never to recover. A smaller number of issuers, also beaten down, do have the wherewithal to make good on their obligations and strengthen their balance sheets.
We have added two new companies to our Best Buys list of stocks that we feel are at a price that investors should seize on now – a pharma company and a tech firm join the cutting-edge tobacco company.
Most investors think of bonds as unspectacular but steady performers whose role is to stabilize a portfolio that also contains the higher-octane asset class of common stocks. But subscribers to our Distressed Investing research know there’s another side to the story.
Editor’s Note: On Tuesdays we turn the spotlight outside of Porter & Co. to bring you exclusive access to the research, the thinking, and the investment ideas of the analysts Porter follows personally. If you’re new to Porter & Co. and want to find out more about Spotlight or want access to all past issues,
Asset allocation – how investors invest capital across different asset classes like stocks, bonds, real estate, and commodities – is critical. In fact, research suggests that asset allocation can play a more important role in investors’ long-term success than which individual investments they own.
We are recommending a two-part trade today: the early close of our existing put position in Venture Global, which will free up capital to open a new position in Albemarle preferred shares, as follows: Note: the Albemarle preferred shares are listed on the New York Stock Exchange and can be bought and sold like other
An investment fad is a short-term financial trend that quickly gains popularity and interest among investors – but typically lacks long-term viability or strong underlying fundamentals. You don’t need a deep understanding of finance – or physics, or astronomy – to spot fads. You simply need a strong mix of skepticism, market awareness, and knowledge of a few bright-red flags.
Each Friday, we provide an update on the current live tracking portfolio (as of the previous day’s closing prices), a summary of the last week of trading activity, and updates on any significant developments among the companies we have positions in.
Legal monopolies all have similar traits: They have dominant market share, they have enviable pricing power, and given a lack of alternatives for customers, these companies likely have highly predictable and mostly recurring revenue streams. All of that means big profit margins that flow to the bottom line.