The Big Secret on Wall Street – our flagship research publication – is released every other Friday and features a serious investment opportunity in every issue. Big Secret recommendations include energy stocks, high-income securities, capital-efficient “battleship stocks,” and more.
- Shale Boom 2.0: This Time, It’s Capital EfficientThe rise in interest rates has ended the cheap money era, helping restore a more rational allocation of capital in the energy sector. And one company is best positioned to win in this new era of Shale 2.0.
Read More …- They’re Only Special If You Know About Them
Special situation investing aims to exploit specific corporate actions to capture profits with minimal risk. And unlike many investment strategies, this one can work relatively quickly and in just about any market environment, making it a fantastic complement to a traditional investment portfolio.
Read More …- Beauty Is Way More than Skin Deep
In this issue, we introduce the ultimate recession-proof “forever” stock. Its dominant competitive position and world-class capital efficiency set the stage for 15% annual returns over the next decade.
Read More …- Special Briefing from Porter: Hershey Update
Hershey is a powerful real-life example of my signature capital efficient investing approach. And it’s now approaching an attractive valuation for the first time in years.
Read More …- The “Ultimate Forever Stock” Gets A Genius Upgrade
In this issue, we’re introducing a business poised to reap a windfall by unleashing the next agricultural revolution: the rise of autonomous, precision farming.
Read More …- Exclusive Excerpt: Special Situations in Stocks and Bonds
In this exclusive excerpt from his seminal work on special situations investing, author and trader Maurece Schiller shows how to profit from companies undergoing a reorganization, merger, acquisition, spinoff or corporate misstep. First chapter reproduced by publishers’ permission.
Read More …- Special Report: Deadly Biases
In this special report, Wealth Signals editor Scott Garliss dissects five common but deadly cognitive biases that can take down even seasoned investors – and shows you how to spot and avoid them in your own thinking.
Read More …- Special Access: “The Little Book of Picking Top Stocks”
Renowned credit analyst Martin Fridson has arranged with his publisher to give Porter & Co. readers a special look at the first chapter of his latest book. This book focuses on stocks that came in #1 for the year in total return within the S&P 500 and what caused them to achieve that distinction.
Read More …- “Don’t Be One Of Them”
Financial markets have never had to reckon with a speculative asset mania, unsustainable bubbles in consumer, corporate, and sovereign debt, and structurally high inflation – all at the same time. The potential for significant economic turmoil is arguably greater than at any time in memory.
Read More …- Elon’s Original Money Machine Reboots
Today, we introduce a leading digital payments company, with a dominant competitive position and world-class capital efficiency. Recent operational stumbles have created a near record discount in its share price, but we make the case for a rebound and 20% compounded returns from here.
Read More …- The Stealth Real Estate Bubble
A record $2.5 trillion of CRE debt will mature between now and the end of 2027. However, several massive headwinds could make it more difficult than usual for borrowers to refinance these debts this time.
Read More …- Sell Alert: Lock In 17% Gains on Activision
On March 3, 2023 we recommended shares of Activision Blizzard, whose on-again, off-again deal prospects with Microsoft have fueled great speculation. This week, a positive development in the negotiations has pushed ATVI shares 10% higher – close to our best-case-scenario projected upside.
Read More …- A Lender Built to Return 750% on Invested Capital
The U.S. housing market faces the prospect of a decade-long supply crunch. Today, we’ll introduce our next play on America’s housing shortage, and one of the most capital efficient business models we’ve come across.
Read More …- The Repo Man Is Here
The auto lending bubble is popping as more Americans are unable to pay their car loans. The tightening credit conditions that are weighing on subprime auto borrowers signal danger for the far larger corporate and government debt markets.
Read More …- A Dirty Energy “Fortress” With A 25% FCF Yield
Trillions spent on “renewable” energy sources like wind and solar have failed to make a dent on fossil fuel consumption. And the lack of investment in fossil fuels is creating energy shortages around the world… unleashing a cash flow windfall for one of the world’s most hated commodity producers.
Read More …- Defeating Toadzilla
For the past several months here at Porter & Co., we’ve urged long-term investors to be cautious. We continue to believe a severe economic contraction is approaching. But that doesn’t stop us from finding shorter-term bullish opportunities.
Read More …- Special Anniversary Edition: Two “Cash Compounders” for the Price of One
To kick off Year #2, we’ve set our sights on an industry that’s deeply underappreciated… enjoys a unique quirk of financing that allows the strongest players to be ludicrously profitable… and is essential to the operation of civilization as we know it.
Read More …- How to Escape The “Winner’s Curse”
Betting on perfection is a fool’s errand in any environment. It’s particularly risky today as the economy teeters on the edge of recession and a looming debt crisis. Fortunately, the bubble in AI and tech stocks is setting up a tremendous opportunity elsewhere.
Read More …- Why Artificial Intelligence Investors Are Heading For A “Die-Up”
Could you make a fortune buying into the AI boom today? Perhaps. We would rather own a world-beating business in a sector that is uniquely underappreciated by investors. In this issue, we recommend one of the highest-quality businesses ever created.
Read More …- Why Tesla Is In Deep Trouble
Tesla’s rivals have been investing heavily in their own EV production and are now, for the first time, challenging the company in quality, innovation, and performance. This means that Tesla is now staring down a threat unlike any it has seen before.
Read More …- A “Gold Digger” That Gets Paid to Do Nothing
Unless central banks and policymakers are willing to deal with a major credit crash, all roads lead back to lower interest rates and more money printing. That’s why we believe now is the time to safeguard your wealth from the demise of fiat currencies with the two ultimate stores of value.
Read More …- Is Icahn Enterprises a Ponzi Scheme?
Carl Icahn has generated one of the best long-term investment track records in history, but he has also made a lot of powerful enemies over the years. Now the prominent short-selling firm, Hindenburg, is targeting Icahn and his company. Here’s why we are keeping IEP in our model portfolio.
Read More …- The Magic of OPM: Other People’s Money
How to Build a Billion-Dollar Business with No Capital Welcome to Porter & Co.! If you’re new here, thank you for joining us… and we look forward to getting to know you better. You can email your personal concierge, Lance, at this address, with any questions you might have about
Read More …- America Is Bankrupt
America is not yet lost. But we are very close to the complete collapse of not only our financial system, but our entire way of life.
Read More …- The “Paint-By-Numbers” 15% Compounder
When a company has a dominant brand with pricing power, robust profit margins, and high capital efficiency, the returns can be enormous. Today, we’ll introduce a company that checks all these boxes and has used every downturn to acquire weaker competitors and take market share.
Read More …- “Quantitative Teasing”: Why QE Is Not Back to Save Your Portfolio (Yet)
The reality is that the Fed’s actions could have the near-opposite effect of QE. Instead of easing financial conditions and boosting asset prices, they’ll likely lead to further tightening and hasten the arrival of the impending credit crunch.
Read More …- The “Black Swan” Trader Strikes Again
In today’s “two-for-the-price-of-one” recommendation, we pair one of the best distressed debt vehicles available, with a company that offers an inflation hedge through its exposure to higher commodity prices.
Read More …- The Ultimate Bank Run
Eventually, people will stop worrying about the viability of private banks like Credit Suisse, and start worrying about the viability of central banks and the currencies they issue. The coming loss of faith in government-issued currency will cause the ultimate bank run – a run on central banks. A Run
Read More …- The Man Who Almost Took Down J.P. Morgan
Thanks to an activist showdown in 2019, investors can now access a public company that is effectively a hedge fund-style investment vehicle, helmed by one of the best fund managers on Wall Street.
Read More …- The SVB Crash Was Just The First Domino
In light of the past week’s extraordinary market events, we’re releasing this “state of the markets” briefing.
Read More …- What to Watch After the SVB and Signature Bank Collapses
In today’s special edition of Something You Don’t Know, you’ll find an important briefing from credit analyst and author Martin Fridson, who leads Porter & Co.’s Distressed Investing team.
Read More …- Here’s Why No One Will Ever Be Able to Stop Inflation Again
Current Fed Chairman Jerome Powell wants to put an end to inflation. Unfortunately – for Powell, for markets, and for investors – it appears increasingly unlikely that he’ll get his wish.
Read More …- The Market’s Free Ride
The type of situation we’ll introduce today doesn’t come around often, but when these opportunities arise… they can make you fortunes, even during bear markets. It is the ultimate safe play for a high-risk market.
Read More …- Coming Soon to a Neighborhood Near You: A Chemical Mushroom Cloud
Norfolk Southern is the latest poster child for the pitfalls of financial engineering. Years of reckless cost cutting and debt-fueled buybacks, at the expense of infrastructure upgrades, have caused an ecological disaster.
Read More …- Cold War 2.0 and the Coming Global Energy Wars
Right now, U.S. gas prices are among the lowest in the world. But as America increasingly expands its LNG export infrastructure, U.S. natural gas prices will increasingly converge with much-higher international prices. And the companies that own low-cost gas reserves today will reap a windfall.
Read More …- The Last Time This Happened, the Stock Market Slumped for 16 Years
In many ways, the 2020s inflation scenario matches that of the 1970s.
Read More …- “It’s Like Treasuries On Steroids”
The REIT we’ll introduce today offers an extra degree of safety. It avoids physical real estate properties entirely, and instead invests primarily in mortgage securities that are effectively backed by the government. And they’re a better buy than government bonds.
Read More …- Coming Soon: The Boeing Collapse
One of many casualties of the coming corporate debt implosion.
Read More …- The Best Risk-to-Reward Investment Opportunity We Have Ever Seen
Today, we’ll introduce a security that offers a higher margin of safety than the common stock, while still offering plenty of upside for investors.
Read More …- A Huge Recession Red Flag Just Popped Up
Every once in a while, a financial panic or deep recession provides the rare chance to buy quality merchandise at fire-sale prices. The time isn’t now, but it’s coming. Don’t Believe in “The End of America”…? Then Watch Gold Gold is the best-performing asset class since 2000. It has outperformed
Read More …- The Market-Beating Answer to the Big Mac of Investing
Today, we’ve asked special guest editor Meb Faber to reveal the inner workings of one of his proprietary funds ⎼ and we’re adding that fund to our portfolio for fully paid-up subscribers.
Read More …- What A Death-Row Turkey Tells Us About Black Swans
By Special Arrangement: A Look Inside A Market Classic Editor’s Note: We hope you’re having a wonderful holiday with your family and friends, with thoughts about interest rates, debt and inflation fading into the night like the peals of Santa’s bells and the smoke of New Year’s fireworks. While we’re
Read More …- A Matter of National Security
Sorry, snowflakes, dirty energy is never going away. Instead, technologies have been, and will continue to be, developed to make coal (and other fossil fuel energy sources) cleaner and safer.
Read More …- A Flood of Funds Are “Gating” Their Money – Here’s What It Means
Investors Suddenly Denied Access to Their Own Funds… The day after Slava was sent to the funny farm, his wife marched into our skyscraper office in downtown Moscow – and pulled an Al Haig. Al Haig was Secretary of State when U.S. President Ronald Reagan was felled by an assassin’s
Read More …- Better Than Buffett, Plus A 16% Dividend
We’re calling the coming market carnage in corporate bonds The Greatest Legal Transfer of Wealth in History. The explosive growth, and deteriorating quality, of the “investment grade” bond universe will play a major role in the coming corporate debt crisis.
Read More …- I Almost Went to Jail in Qatar – Here’s What I Learned
The tiny, gas-rich country is opulent, uptight…and weak on the rule of law. Editor’s Note: We’re turning this week’s issue of Something You Don’t Know over to Porter & Co. publisher Kim Iskyan, for a boots-on-the-ground report from the Middle Eastern country of Qatar – which is at the crossroads
Read More …- The Art of Speculation
Five Lessons from a Legendary Trader and Adventurer
Read More …- The Real Reason Why Airlines Have So Much Baggage
Cheap money is grounding flights all over America – and that’s just the beginning. Next Wednesday will be one of the busiest travel days of the year here in America. And if you’re flying somewhere, you’re likely a victim of cheap money. That is… you’re suffering long delays… overworked staff…
Read More …- How To Build Permanent Wealth
Porter & Co. is looking for a “maniacal” distressed debt analyst… see the end of this email for details… Late last month, the Wall Street Journal passed along a “great” stock tip. It was only about a decade late. “Any stock that doubles in five years, outperforms tech giants over
Read More …- Housing is On Its Knees And Corporate America Isn’t Far Behind
Homebuilders have reported fewer new construction starts every month since March. That’s the longest stretch of declines since the housing crisis of 2007. And homebuyers have even begun walking away from their deposits – cancellations are above 15% for the second consecutive month. You’re receiving Something You Don’t Know as
Read More …- Fake Money and Another Global Epidemic
We don’t know whether the impending global financial “reset” will entail a debt jubilee, aka massive defaults, like Biden’s student loan bonanza. Or maybe we will endure a long period of inflation as debts are slowly worked out in pretend money.
Read More …- How Bernanke Broke the World
The price of U.S. Treasury bonds is collapsing. Since the end of July, the 10-year Treasury rate has risen sharply, from a yield of 2.65% to over 4.3% now. There haven’t been bigger losses in the U.S. Treasury bond market, EVER. THE BIGGEST BUBBLE IN HISTORY DEFLATES YOUR STANDARD OF
Read More …- A Quick Update on our October 14th Recommendation
We received some questions over the weekend about our Friday recommendation, the MicroStrategy convertible bonds… so we’ve put together a bond buying guide today to make it easier for you to get up to speed.
Read More …- What Will Happen as Central Banks Run Out of Credit
How to earn 243% on a Bitcoin bond. A global “Minsky Moment”. The bond bull dies. Why wealth is shifting to real assets.
Read More …- Michael Burry “Bet Against America And Won.” Here’s What Happened to Him
Long ago in ancient Troy, the beautiful princess Cassandra promised the god Apollo “the opportunity of her body,” in exchange for the gift of prophecy. Apollo granted her request to be able to tell the future, but naughty Cassandra reneged on her side of the deal. Long ago in ancient
Read More …- America’s Corporate Debt Bubble is About to Burst
Dear Porter & Company readers, This is the first issue of Porter & Company’s complimentary bi-weekly, Something You Don’t Know… in which, every other Friday, Porter Stansberry and team will shine a bright light on something in the world of finance, investing and economics – or whatever else is on
Read More …- THE END OF AMERICA: How Inflation Destroys Civil Society
“We’re all in it together” – How governments use fear to manipulate voters. Preparing for a “Hurricane”. A currency of energy: Bitcoin. You can’t print copper.
Read More …- THE GODS OF GAS PART II – Europe’s Energy Crisis Will Spread To America
Twenty years ago, Souki founded and led Cheniere Energy (NYSE: LNG, $160). He built the first successful, large-scale LNG export facility in the United States. After a dispute with Carl Icahn, he left the company.
Read More …- The Big Secret Behind T. Boone’s Fortune
“Why don’t we fly to Aspen for lunch…?” About 10 years ago, we visited T. Boone Pickens at his famous ranch, Mesa Vista. The ranch, at 100 square miles, consumes a little over 10% of Roberts County, Texas. It has 18 miles of manmade lakes for duck hunting and bass
Read More …- The Goldman Sachs of White Trash
Protect yourself from the THE END OF AMERICA by profiting off of the poor. You will deny you ever owned this business! Is it possible to be “canceled” twice? We’re about to find out. We’re certain parts of this letter will be used – out of context – to condemn us and label us as bigots.Scroll Up
Read More …- Grab a Bucket: It’s About to Rain Gold
The Next Phase of the Bear Market will start with a Subprime Auto Credit Collapse, then a Commodities Crash and finally Consumer Panic. Lucky Lopez buys repo’d cars. He’s a 20-year veteran of the auto industry. As a car dealer and auction buyer, Lopez sits on the frontline of the
Read More …- The New “ENRON”
How a Homebuilder Beat All the High-Flying Tech Stocks of the 1990s… Home sales are collapsing… Existing home sales fell 3.4% in May. That’s the fourth straight month of declines. Inventory is growing fast, too. It’s up 1.2 million units, an increase of 12.6% from last year. Growing inventory and
Read More …- America’s Next Great Energy Fortune Just Broke Ground
How Driftwood Will Turn $2 Billion into $100 Billion With Two Permits and Bechtel. What Happens When Political Delusions Run Headlong into Economic Realities. Sunday, September 7th, 2008 was a bad day for Hank Paulson. The U.S. Treasury Secretary (and former CEO of Goldman Sachs) was dealing with a
Read More …- The Gods of Gas
How two brothers (you’ve never heard of) became America’s largest producers of natural gas… What they’re doing next will make billions and transform the global market for energy. “The company’s corporate slogan ought to be death to Saudi Arabia.” The media and our political leaders are focused on today’s short-term
Read More …
- They’re Only Special If You Know About Them