Seagate Technology – Too cheap to be this big

July 26, 2010

For once I can mention a company that most of you may have heard of. Seagate Technology (STX) is the world’s largest hard drive maker, producing a wide range of standard hard drives and since December of 2009 has also been producing a line of solid state drives, although they were a late entrant to […]

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Consider Selling Capstead Mortgage (CMO) Before Earnings

July 20, 2010

I have had occasion to suggest Capstead Mortgage as an attractive purchase partially based on attractive economics created by historically low interest rates, and partially based on the number of difficulties in evaluating most other investment firms that are not encountered with this one. Capstead Mortgage purchases adjustable rate mortgages on a leveraged basis and […]

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Fuel Systems Inc.: Natural gas burns too

July 19, 2010

A couple months ago I saw a car driving along the freeway with a windmill in its roof, merrily milling the wind along as the car was zipping towards San Francisco. Of course, the car was some manner of hybrid. Although I commend the car owner for its efforts, I do not commend him for […]

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Don’t cut out the middleman: Tech Data

July 12, 2010

Tech Data (TECD) is a distributor of electronics in the US and European¬† areas. Its role is to sell a mix of primarily IT products from original¬† manufacturers and entities identified as “value-added resellers” and to¬† perform various related ancillary services, and it is one of the largest such distributors in the world. Approximately 30% […]

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This is the Dawning of the Age of Accountancy (Orient Paper)

July 7, 2010

Orient Paper (ONP) seems to have much in common with my other Chinese ideas: A high historical growth rate; a P/E ratio of 9 at current prices, a decent balance sheet, a Byzantine corporate history involving an offshore holding company and this time not even lumbered with a set of unusually high receivables; and being […]

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