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Bulls, Bears, Pigs

Currently browsing posts found in August2008


A Reading List for Investors/Traders

August 12th, 2008 at 1:55 pm » Comments (0)

Market Wizards: Interviews with Top Traders – Jack Schwager
Reminiscences of a Stock Operator (Wiley Investment Classics) – Edwin Lefevre
The Education of a Speculator – Victor Neiderhoffer
Valuation: Measuring and Managing the Value of Companies, Fourth Edition – McKinsey and Co.
Inside the House of Money: Top Hedge Fund Traders on Profiting in the Global Markets – Steve [...]



Garmin (GRMN) – Navigating to nowhere

August 12th, 2008 at 1:46 pm » Comments (0)

I am currently short GRMN. I believe that while the current years earnings/revenues may be achievable, the company is headed down the wrong path in the wrong industry.
Garmin trades at about 10x consensus FY08 expectations of $3.95. Many will argue that this is simply too cheap for a company with such promising growth prospects and [...]