Opening Statements – Ken Lewis, Bank of America Thursday, February 12, 2009
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Take a look at Rio Tinto Wednesday, February 11, 2009
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Rio Tinto (RIO.L) is an international mining group, combining Rio Tinto plc and Rio Tinto Limited. The Company’s principal product and global support groups are Iron Ore, Energy, Industrial Minerals, Aluminum, Copper, Diamonds, Exploration and Technology.
Rio Tinto has an extremely high quality range of assets and once up and running, these assets are low cost and long life deals. Like most miners, they have been suffering with the extreme correction in commodity prices but – at this stage of the cycle – all the fundamentals look great and as opposed to other miners, we like the fact that the management at Rio seems to always be striving to improve cost efficiencies, scale and reduce their debt burden, whilst being fairly open and communicative with the investment community. We feel that the key issue at this stage is the focus on reduction of debt. Furthermore, another reason to keep any eye on this company is the proposed deal with Chinalco.
Our readers know that we feel that the commodity boom is far from being over. Prices will pick up again and when investing in this kind of company, it is important to be countercyclical and enter at the bottom of the cycle.
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Squawk Box: Rep. Garrett on Madoff Tuesday, February 10, 2009
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Take a look at JNJ Monday, February 9, 2009
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Following on from our recent post on Sasol, we are now moving to a company in the healthcare Sector.
Johnson & Johnson (JNJ) is engaged in the research and development, manufacturing and sale of a range of products in the healthcare field. Johnson & Johnson has more than 250 operating companies and operates in three segments: Consumer, Pharmaceutical, and Medical Devices and Diagnostics.
Despite recent performance, especially the slower growth, JNJ still presents the chance to own one of the best blue chip companies in the market and a company that has been shaping the healthcare system for over 120 years. As you are well aware, consolidation has already started in this sector and we are sure that JNJ is going to play an important role in this upcoming restructuring wave and that the robust balance sheet and strong cash flows will mean that they will be in an ideal position to take advantage of the best opportunities that come along.
We feel that JNJ is worth studying as a long-term play for any portfolio. JNJ is a blue chip company that:
- Operates in one of the fastest growing sectors in the global economy.
- Has great balance sheet with a track record of strong performance and healthy dividends.
- Is trading at a very reasonable multiple.
- Presents reduced risk – a conservative play – in current market conditions.
- Will benefit and play and active role in the healthcare sector consolidation.
Please read our disclaimer.
Markopolos had gift wrapped Madoff to SEC Thursday, February 5, 2009
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Indeed, Markopolos had gift wrapped and delivered the largest ponzi scheme in history to the SEC and absolutely nothing was done with the information! Furthermore, he claims that he will deliver more names in the near future….
This is truly incredible. Markopolos had actually submitted a detailed report in 2005 where he highlighted that Madoff was a fraud, that he was sure the returns were impossible and that – therefore – the fund was involved in illegal activities.
It will be interesting to see how the SEC tries to get out of this one….
Take a look at Sasol Wednesday, February 4, 2009
Posted by ei-forum in US Traded Stocks.1 comment so far
Some of our readers have been asking for us to highlight some interesting companies that they could study in more detail. We plan to start a series of short posts that will give you a quick overview of some companies we feel are worth looking into.
Sasol (SSL) is an integrated oil and gas company with substantial chemical interests and production facilities in South Africa, Europe, North America and Asia. The group operates commercial scale facilities to produce fuels and chemicals from coal in South Africa and is focused on developing ventures internationally to convert natural gas into clean diesel fuel.
One of the main issues in the increase of oil prices is the actual refining capacity but what is interesting in the case of Sasol, is that the product offer doesn’t need any additional refining capacity. Furthermore, the company is extremely profitable, pays a good dividend and is able to fund growth internally.
Within the context of the current energy crisis, a company like Sasol – with synthetic fuels, natural gas / oil, coal mining and chemicals – is definitely going to be worth studying!
Please read our disclaimer.
Warren Buffett on Dateline Tuesday, February 3, 2009
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It’s been quite some time since we got something from Warren himself!
Enjoy!
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