New SPDR Russia ETF Highlights Risks to Russian Equities
March 12, 2010 by Seeking Alpha
Filed under Investment Ideas
Original Article from Seeking Alpha Editor’s Pick
Michael Johnston submits:
The SPDR S&P Russia ETF (RBL) began trading on Thursday, becoming just the second U.S.-listed ETF offering exposure to one of the world’s largest countries and most unique economies. RBL will seek to track the performance of the S&P Russia Capped BMI Index, a float adjusted market cap-weighted benchmark consisting of publicly-traded companies domiciled in Russia.
Russia’s Economy
Russia’s commodity-intensive economy was battered during the recent downturn as demand for raw materials and energy resources plummeted. Since bottoming out, however, Russian equities have delivered huge returns, thanks in large part to a surge in demand for materials from China, Brazil, and other emerging markets (see the Top Ten Performing ETFs Since The Market Bottom).
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The ‘Sterling Crisis’ Increases Day by Day
March 12, 2010 by Seeking Alpha
Filed under Investment Ideas
Original Article from Seeking Alpha Editor’s Pick
Cynicus Economicus submits:
It seems to be that the jury is still out on the prospects for the UK economy; there are still a few analysts that believe that the UK might suddenly motor ahead. However, increasingly the commentators, analysts, and even some politicians, are coming to the view that the UK is in deep, deep trouble. For regular readers of this site, this will come as no surprise, as they will know that the brewing crisis in the UK was apparent many years ago, and that the government’s action has only served to increase the scope of any coming crisis.
One particular commentary in the Telegraph sums up many of the concerns for the UK economy, as follows:
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The ‘Sterling Crisis’ Increases Day by Day
March 12, 2010 by Seeking Alpha
Filed under Tips
Original Article from Seeking Alpha Dollar Currencies
Cynicus Economicus submits:
It seems to be that the jury is still out on the prospects for the UK economy; there are still a few analysts that believe that the UK might suddenly motor ahead. However, increasingly the commentators, analysts, and even some politicians, are coming to the view that the UK is in deep, deep trouble. For regular readers of this site, this will come as no surprise, as they will know that the brewing crisis in the UK was apparent many years ago, and that the government’s action has only served to increase the scope of any coming crisis.
One particular commentary in the Telegraph sums up many of the concerns for the UK economy, as follows:
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High Conviction: Opportunities in Africa and the Mideast
March 12, 2010 by Seeking Alpha
Filed under Tips
Original Article from Seeking Alpha Dollar Currencies
Jamie Allsopp submits:
Jamie Allsopp joined London-based Insparo Asset Management in November 2009, bringing nearly a decade of first-hand experience of African markets to his role, which combines investment research and allocation with marketing the firm’s Africa and Middle East fund in Insparo’s target regions.
Jamie was previously with New Star Asset Management for eight years. During his tenure, Jamie rose from equity analyst to portfolio manager for two of New Star´s high profile funds. In 2007, Jamie launched the New Star Heart of Africa Fund, which invested in Sub Saharan equities.
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Time to Short the Yen?
March 11, 2010 by Seeking Alpha
Filed under Tips
Original Article from Seeking Alpha Dollar Currencies
Wall Street Post Game submits:
We saw how the collapse of Greece brought down the Euro. Many say that this is just the beginning for Europe – Spain, Portugal, Ireland and other neighboring countries are very unstable. Watching the Euro plummet made me question my take on other currencies as well. The following is why I believe the Japanese Yen may face a downfall.
According to Alexander Tepper of TKNG Capital, the Japanese labor force is shrinking because the population is starting to age and retire. The retirees will demand Japanese goods, then eventually go to imports because of the lack of production from fewer workers. As the Japanese retire and exit the work force, the economy will face an unhealthy supply shock, which will inevitably lead to the Yen falling. The population is declining, and so is the savings rate. This is not a good sign for the economy, or the currency. This will make financing government deficits an incredible challenge.
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The Bullish Case for Russia, Round II
March 11, 2010 by Seeking Alpha
Filed under Investment Ideas
Original Article from Seeking Alpha Long Investment
“Russia isn’t a falling economic power, as it was during the early 1990s, but it isn’t rising in the same way Brazil, China, and India are. That’s because, unlike its peer group, the country is–unhappily–dependent on exports of commodities such as oil and natural gas, whose prices are volatile.”
You are not sure of the stability of your business because you can’t rely on the force of law or the honesty of the officials. So you are dissatisfied with the services offered by the state and you refuse to pay all the taxes due. What’s more, you can live pretty comfortably while doing this. The state fails to get sufficient revenues to keep an impartial judicial system, it pays small salaries to its officials, and they take bribes. The result is a vicious circle.
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A Forgotten Tech Name Is Breaking Out
March 11, 2010 by Seeking Alpha
Filed under Investment Ideas
Original Article from Seeking Alpha Long Investment
Moby Waller submits:
A technology storage maker that was a "hot stock" of the 1990s is quietly breaking out to its highest levels in about 15 years. The company is Sybase (SY).
Taking a quick look at the fundamentals, its kind of a mixed bag. The company is heavily reliant on one major customer EMC (EMC), which is always a risk … yet it may be well-positioned to benefit from coming broadband pipeline growth via Cisco (CSCO) and others. In addition, one prominent commentator speculated that it would be a good fit for an acquisition by Hewlett-Packard (HP).
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Is the Tide Turning Back in Takeda’s Favor?
March 11, 2010 by Seeking Alpha
Filed under Investment Ideas
Original Article from Seeking Alpha Long Investment
EP Vantage submits:
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With so many high-profile pipeline setbacks over the past couple of years, could the tide be turning back in Takeda’s (TKPHF.PK) favor with regard to one of its biggest and most valuable products? Wednesday’s patent litigation settlement with Watson Pharmaceuticals (WPI) will delay the launch of Watson’s generic version of key diabetes drug Actos until August 2012, a full 19 months after expiry of the drug’s main patent in January 2011, the point at which the market is currently expecting significant generic competition. If Takeda can similarly ward off other generic threats the gains could be significant, adding $1.9bn to profits from Actos (see tables below). Takeda’s shares gained 1% in trading Thursday to reach a 12-month high of ¥4,075. |
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Force Protection Stuns Investors
March 11, 2010 by Seeking Alpha
Filed under Investment Ideas
Original Article from Seeking Alpha Long Investment
Zachary Scheidt submits:
<img src="http://genuineforextrading.com/wp-content/plugins/wp-o-matic/cache/d2b8e_saupload_frpt_logo.PNG" align="right" class="alignleft size-full wp-image-3937" style="margin-left: 5px; margin-right: 5px;" alt="Force Protection Inc. (FRPT)” hspace=”6″ vspace=”6″ width=”200″ height=”42″ />Investors in Force Protection Inc. (FRPT) were eagerly awaiting the company’s earnings report when the market closed on Monday. After trading in a range between $4.00 and $5.00 for eight months, the company was overdue to report some positive news. The release did not disappoint and by the time the market opened Tuesday morning, buyers were falling all over eachother to get their hands on the stock.
Force Protection is a manufacturer of armored vehicles and other products that increase survival rates on the battle field. With the United States and a number of allies in a sustained war against terror on several fronts, there is significant demand for FRPT’s products. This was made clear as the company announced revenue of $289 million which represents a 21% increase over the fourth quarter last year. Management attributed the increase to modernization, spares, and its sustainment business lines. Offsetting the strength was a lower number of vehicles which were shipped.
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Valuable Ideas From the Value Investing Congress
March 11, 2010 by Seeking Alpha
Filed under Investment Ideas
Original Article from Seeking Alpha Long Investment
Jeff Moore submits:
When considering making a trip to either California or New York to attend the Value Investing Congress, it is important to gauge the returns that you will get from this potential investment. As many of you know, I recently ventured to NYC for the previous Value Investing Congress. Simply put, I thought that the experience was great, full of useful information, and of course a terrific excuse to take a much undeserved vacation.
Various memories of the congress still stick out to me: I met some new people, and also had good conversations with old acquaintances. David Einhorn’s speech was memorable (as I am sure many of you have read), but the Q&A was even better. Bill Ackman espoused enough knowledge to make an intelligent layman feel as simple as Glen Beck. Whitney Tilson highlighted how we are not out of the woods with housing, but that the markets may not tank as a result, while John Paulson was as informative as ever.
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