Serious investment thinking that doesn’t take itself too seriously.
The capital allocators examine trends in the sector
I wrote a column on Vornado (VNO) as a buy at 18 in Sep'22 as it was slammed by the pandemic, its debt load and the Fed's draconian rate hikes. So VNO's price ascribed a $450 a square foot value to its prime Manhattan office/Fifth Ave retail portfolio even though its occupancy rate was 91% as the...
Thank goodness sense has prevailed and the Government has withdrawn its ridiculous attempt to take the non-executives overseeing Carillion to court for alleged failures....
I read with interest the recent article suggesting that paying “marriage value” to freeholders was unfair to leaseholders when enfranchising their flats. It is a ridiculous and...
There are a few hardy souls who still want to invest in FTSE 100 stocks and, for those investors, monitoring the FTSE 100’s current valuation and forecasting its expected future price can be extremely useful.
The new year is a time for both reflection and anticipation. It seems to me it is one of the most important of years to do both thoroughly. 2023 is described by many of my...
There are a number of reasons for the current litany of gloom about China, but the actual state of the economy is way down the list. This is primarily because narrative and...
The day after Thanksgiving is known as ‘Black Friday’ in the USA and I am confident that most people have no idea why it is called that. So, for those who don’t know, let me tell you.
Well, what a difference a year makes! Certainly when it comes to RICS Redbook valuations! Valuations are down almost across the board as valuers have adjusted to the new normal...
The day after Thanksgiving is known as ‘Black Friday’ in the USA and I am confident that most people have no idea why it is called that. So, for those who don’t know, let me tell you.
Mirror, mirror on the wall, who is the juiciest Big Tech short of them all? OMG Apple (AAPL)! Let me dissect the case before I am roasted alive for investment heresy: AAPL trades...