Monthly Archives: October 2010

Don’t be Snookered by Investment Credential Alphabet Soup

Posted on October 20, 2010 by Ray Galkowski, CFA

Please do not fall for the kind of manipulation examined in the attached Wall Street Journal article. There are only a handful of investment credentials that add value and even fewer that relate directly to the knowledge and experience required in … Continue reading →

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Part 1 of Excerpts of an Interview with Seth Klarman

Posted on October 16, 2010 by Ray Galkowski, CFA

The September/October 2010 edition of the Financial Analysts Journal (FAJ) includes a transcript of an interview with Seth Klarman, President and Portfolio Manager of The Baupost Group. The moderator was the Wall Street Journal’s Jason Zweig and the title of … Continue reading →

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St. Joe Company: Shorting News You Can Use

Posted on October 13, 2010 by Ray Galkowski, CFA

Greenlight Capital’s David Einhorn, an outstanding long-short value investor, presented at the Value Investing Congress today and detailed why St. Joe may be going to zero. Greenlight is one of a handful of successful investment management firms that have the following … Continue reading →

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Sterne Agee Initiates RBCN with a Sell; Confirms MOS’s Analysis

Posted on October 12, 2010 by Ray Galkowski, CFA

Sterne Agee initiated coverage of Rubicon Technology (NASD: RBCN) with a Sell rating today and agreed with my thesis. If you recall, I inverted in my analysis to arrive at the growth rate necessary to bring RBCN’s price-to-fundamentals in line with larger, … Continue reading →

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Long-Short Portfolio Construction versus Long Only

Posted on October 11, 2010 by Ray Galkowski, CFA

Mars Hill Partners (MHP) is an investment adviser specializing in long-short portfolio construction. MHP recently launched an ETF based on its global relative value strategies, which are top-down, macro strategies and much different from the bottom-up, value strategies used the Portfolio Manager. In … Continue reading →

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Who Knew RBCN Would Hit the Bogey So Soon?

Posted on October 7, 2010 by Ray Galkowski, CFA

Less than a month ago, I covered a short in Rubicon Technologies (NASD: RBCN) and wrote about it here. I estimated that the stock had another 25% to 75% to fall from where I covered it, but that because the … Continue reading →

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