ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
In its Q3 2015 earnings report, TRI Pointe Group, Inc. (TPH) reported $97.0M in cash and cash equivalents. Thanks to real estate inventories, total assets come to $3.1B. Source: TRI Pointe Group, Inc. On January 27, 2016, TPH decided to put that balance sheet on the line by authorizing a buyback of $100M that is … Read more
Ever since I recommended shorting the SPDR S&P Retail ETF (XRT), I have been keen to look for opportunities to short individual retail names. A huge exception was Wal-Mart (WMT) which is currently making an encouraging bottoming move after a long 2015 of nearly non-stop selling. I noted Best Buy (BBY) as a prime target … Read more
At the end of 2015, I wrote about the critical tests facing LGI Homes (LGIH). After another strong monthly closing report, LGIH seems more likely to pass the test of financial performance in coming earnings reports, but the technical test remains in place. LGIH reported record results for a single month in December, 2015: 433 … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on December 29, 2015. Click here to read the entire piece.) In mid-September, I wrote “LGI Homes Is Now A Bit Hot To The Touch.” LGI Homes (LGIH) is down 18% since then. LGIH also hit an all-time high on December 1st … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on November 3, 2015. Click here to read the entire piece.) Cliffs Natural Resources (CLF) reported earnings last week on the morning of October 29, 2015. {snip} Source: FreeStockCharts.com From my perspective, the always colorful commentary from Chairman, President, and CEO Lourenco … Read more