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Why You Should Take Charlie Munger's Secret To Success Seriously
Friday, February 4, 2022 - 10:54am | 1020Read More...Charlie Munger once described the secret of success as “take a simple idea and take it seriously.” While that can be applied to many aspects of life, it is nowhere more important than in the stock market. The one simple rule to succeed in the markets doesn't involve fancy chart...
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4 Stocks Reeling On Retail News
Monday, October 16, 2017 - 11:40am | 413Read More...If you’re just catching up on the morning buzz, here’s what we know: Nordstrom, Inc. (NYSE: JWN) is staying public, and Sears Holdings Corp (NASDAQ: SHLD) lost its chairman. Nordstrom announced that core family members suspended exploration of a take-private deal through the end of the...
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Sears Shares Skyrocketed Again - 3 Charts Investors Should Study
Tuesday, October 21, 2014 - 9:25am | 975Read More...Do the huge October 20, 2014 gains in Sears Holdings Corp (NASDAQ: SHLD) signal the beginning of a new trend, or is it just another "dead cat" bounce along the road to ruin? That is the key question for investors to ponder. The fact that Sears has been suffering from declining same...
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Ackman Takes Stake in Freddie Mac, Fannie Mae
Friday, November 15, 2013 - 2:12pm | 247Read More...Hedge funds released their quarterly 13f reports on Thursday, and Bill Ackman's Pershing Square was no exception. The 13f contained the names of the six stocks that are widely known to be held by Ackman. The following morning, Pershing Capital released a surprising 13D which disclosed the hedge...
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Berkowitz's Fairholme Offers Statement on Fannie, Freddie Perferred Stock, Says Ready to Help with Restructurings
Monday, June 3, 2013 - 9:43am | 290Read More...Fairholme Capital Management announced that its clients, including mutual fund shareholders of The Fairholme Fund and The Fairholme Allocation Fund, own approximately $2.4 billion par value of Fannie Mae and Freddie Mac Preferred Stock and are ready to help with a restructuring that accelerates the...
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Berkowitz 1992 Interview When He Was Buying Wells Fargo
Thursday, September 8, 2011 - 4:33pm | 122Read More...Bruce Berkowitz – 1992 Interview with OID When He Was Neck Deep in Troubled Wells Fargo (Sound Familiar?)
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With Meredith Whitney Defending BofA, Is It Time To Buy?
Wednesday, August 24, 2011 - 10:13am | 824Read More...Meredith Whitney, who has been notoriously bearish on the banks in the past, is singing a different tune this morning. Whitney, of Meredith Whitney Advisory Group, said that Bank of America Corp. (NYSE: BAC) does not have to raise capital immediately. In comments captured by Bloomberg, Whitney...
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The General's Growth Stops Short
Tuesday, August 2, 2011 - 1:59pm | 695Read More...General Growth Properties Inc. (NYSE: GGP), the country's second largest shopping-mall owner is plunging today after it reported lower than expected earnings, as well as plans for a spin off of 30 properties. The Chicago-based real estate investment trust reported core funds from operations (FFO)...
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Fairholme Capital Talks About St. Joe Investment With Bloomberg Television
Tuesday, July 5, 2011 - 11:07am | 922Read More...Bruce Berkowitz, founder of Fairholme Capital Management LLC and chairman of controversial Florida real estate company St. Joe Co., appeared on Bloomberg TV early this morning to discuss the SEC's formal investigation of him and St. Joe. Berkowitz said he voluntarily issued the 8K disclosure on St...
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St. Joe's Plunging 7% As SEC Steps Up Investigation
Tuesday, July 5, 2011 - 10:58am | 153Read More...The St. Joe Company (NYSE: JOE) is plunging today, down more than 7% after the company disclosed that the SEC has started a formal investigation of the company, as well as chairman Bruce Berkowitz's Fairholme Capital. The SEC is looking into whether the company on a variety of issues. The issues...
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The Reason Burce Berkowitz Bought St. Joe's
Thursday, June 9, 2011 - 2:17pm | 85Read More...Bruce Berkowitz is at the Morningstar Investment Conference and he is talking about the reason he bought St. Joe's (NYSE: JOE). According to Charles Rotblut, who is at the conference, Berkowitz bought St. Joes "because he grew up in a one-bedroom apt and he wanted a backyard." Shares of St. Joe'...
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Is The AIG "Re-IPO" A Good Deal For Taxpayers? (AIG)
Wednesday, May 11, 2011 - 8:57am | 312Read More...This morning, AIG (NYSE: AIG) and the U.S. Treasury announced that they would be going ahead with the "re-IPO" of AIG, and sell a combined 300 million shares of the embattled insurer back to the public. With AIG's share slide since the beginning of the year, is a $9 billion offering in the best...
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St. Joe's CFO Leaving (JOE)
Monday, April 11, 2011 - 3:32pm | 102Read More...The St. Joe Company (NYSE: JOE) announced that its CFO William S. McCalmont has agreed to the leave the company. The company is also parting ways with other senior management, as Bruce Berkowitz continues to reshape the company's management after he won control of the board. It's interesting to...
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Round One To Berkowitz (JOE)
Monday, February 28, 2011 - 10:21am | 405Read More...It looks like Bruce Berkowitz is starting to make some serious headway with his position in The St. Joe Company (NYSE: JOE). Britt Greene, the company's President and CEO has resigned effectively this week, and has also resigned from from the Company's Board of Directors, effectively immediately....
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St. Joe Responds To Bruce Berkowitz (JOE)
Wednesday, February 16, 2011 - 2:02pm | 69Read More...CNBC's Mary Thompson is reporting that St. Joe Company (NYSE: JOE) is responding back to Bruce Berkowitz, who resigned from the board earlier this week. The company is saying that Fairholme and Berkowitz wants to control the company, it should just buy the the company and pay all shareholders a...
