Investment company McQueen, Ball & Associates Inc. buys Vanguard Large-Cap, Vanguard Mid-Cap Growth, Wal-Mart Stores Inc, Selective Insurance Group Inc, sells NuStar Energy LP, Bristol-Myers Squibb Company, Wells Fargo, Asanko Gold Inc during the 3-months ended 2017-12-31, according to the most recent filings of the investment company, McQueen, Ball & Associates Inc.. As of 2017-12-31, McQueen,....More>>>
Wall Street endlessly gushes about retirement. Its TV commercials show how wonderful life will be in our golden years when we are old, yet still healthy and wealthy enough to go hang-gliding every day.
Meanwhile, out here in the real world, most working-age Americans dont want to talk or even think about retirement. Often this is because they know they aren’t....More>>>
Like most investors, Warren Buffett didn’t have a great first quarter. Buffett’s Berkshire Hathaway (NYSE:BRK-A) (NYSE:BRK-B) gained less than 1% through the end of March. That was enough to beat the S&P 500 index, but I doubt Buffett broke out his ukelele to strum and celebrate.
However, several Buffett stocks chalked up nice gains during the first quarter. The three top....More>>>
Both Amazon.com (NASDAQ:AMZN) and Google’s parent company,Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL), are trading near their all-time highs. Amazon’s stock has climbed so much in the past 12 months, it’s made its founder and CEO Jeff Bezos the second wealthiest person in the world, recently surpassing Warren Buffett and Amancio Ortega. Alphabet shares are up a modest 11%, compared with....More>>>
Toys “R” Us is on its way out, but KB Toys is set to pop back up.
Strategic Marks, a company that buys and revitalizes defunct brands, owns the KB name and plans to open 1,000 pop-up KB Toys stores for Black Friday and the holiday shopping season.
“My assumption is that there’s about half a billion dollars worth of toys that have been produced for Toys “R”....More>>>
Dropbox (Pending:DBX) plans to raise $612 million in the largest IPO from a US tech company since Snap (NYSE:SNAP) in 1Q17. It plans to price its offering towards the end of the week ahead.
Valued at $10 billion in January 2014, Dropbox’s offering will set the tone for other tech IPOs with high valuations and heavy losses. At the midpoint of the $16 to $18 range, it would command a....More>>>
The title of this article may generate strong responses from some, who will reply: “never!” And indeed, if a value trap is defined as a stock that is not a value, then clearly a value trap is never a value. (There aren’t many rich dialetheists on Wall Street.) But let’s take a more nuanced view of a value trap and follow Investopedia.com in defining a value trap, which I....More>>>
Mohnish Pabrai published another iteration of his Cannibal Portfolio. The Cannibals are a number of stocks selected by an algorithm that are eating themselves, aka buying back their own stock. It is a bit of a misnomer, I believe introduced by Charlie Munger, seeing as eating yourself would be “autocannibalism” or “autosarcophagy.” But who cares as long as it makes money!