Bill Gross’ Departure from PIMCO

A guest post by Wei Trieu. On September 26, 2014, Bill Gross announced his sudden departure from PIMCO, the firm he co-founded in 1971. This shake-up comes at an already troubling time for the investment company after the heir apparent, Mohamed El-Erian, announced his resignation earlier in the year. The firm’s flagship Total Return fund … Continue reading Bill Gross’ Departure from PIMCO

More Than Camaradarie

Those who follow BCM know that I've been watching Russian equities for some time.  In the past, I've joked that Russia has more to offer than just stiff vodka and camaraderie -- but it's true.   For example, Russia has vast deposits of natural resources including coal, timber, minerals, and natural gas.  A little-appreciated fact … Continue reading More Than Camaradarie

Is it Time to Go Solar?

SolarCity is up by more than 535% since its IPO. Since the company is still reporting losses, it's easy to think that its stock is expensive. However, there are some unique challenges to understanding what SolarCity is worth. Here are two issues to consider when trying to value the stock. Reported earnings versus reality In 2008, … Continue reading Is it Time to Go Solar?

Ring The Register

Back in August, I made my case for Helmerich & Payne (HP) at $45.  When it hit $54 dollars in November I recommended taking some profits.  On Friday, HP closed at $61, exceeding my fair value estimate of $59 per share.  I still like Helmerich & Payne as a company, but at $61 it's time to finish taking your profits.  From $45 that's … Continue reading Ring The Register

The Other HP

Most people probably think of  Hewlett-Packard when they hear "HP."  This is almost certainly the case for investors who have followed Hewlett-Packard's struggles.  However, I'm not writing about that HP, I'm writing about another HP that many people have never heard of.  Helmerich & Payne (HP) is a $4.9 billion oil and gas company based in the US.  It provides contract drilling … Continue reading The Other HP

Second Guessing

In fifth grade, I remember the "cool kids" at my school wore Guess jeans and a lot of hairspray (I wasn't one of them).  While hair spray has lost its popularity, Guess? Inc. has grown into a $2.4 billion dollar company that sells apparel in 90 countries around the world.  Last week, Guess reported earnings that missed analyst expectations and its stock price fell by more than 21%.  The negative … Continue reading Second Guessing

Fast Money

The first quarter was full throttle "risk-on" for U.S. equity markets.  The S&P 500 came out of the gates screeching and clocked more than 10% for the quarter.  This rally seems to have rekindled animal spirits, and now the strength of the U.S. economic recovery is the toast of the town.  From a macroeconomic perspective, a continued expansion would imply further equity market strength. … Continue reading Fast Money