To my english readers – this post is about 2 israeli companies, Sufersal and Rami Levy, feel free to use google translator to translate. בטח כולכם שמעתם שנוחי מוכר את השליטה בשופרסל לברונפמנים. אני וחברי התחבטנו בשאלה האם זה טוב או רע לאחזקה שלנו – רמי לוי. רמי לוי היא האחזקה הגדולה ביותר בתיק שלי. שופרסל… Read More »
Hello all and Hag Sameah! I made a "few" improvements to my writeup about ETM and posted it (after some long delays) at seeking alpha. It turns out that S.A editorial team became MUCH more strict since I last wrote there and it took me a lot of work to get it published, almost… Read More »
I thought about ETM lately and one thing that disturbed me was the recent purchase amounting to 9 million dollars that occurred in the first quarter this year. Considering the "stellar" track record this company has in purchases and considering it had not purchased a single station for almost 3.5 years, I thought I should put… Read More »
Hello Everybody, I would like to send you some good (predictable) news regarding the American housing market. The last report from CoreLogic shows a continued decline in the shadow home inventory (inventory held by banks mostly after foreclosures). As you know already, a recovery of the american economy and especially the labor market, is based largely… Read More »
A few weeks ago I've mentioned how dirt cheap ETM was. Back then it was around 6.3$ per share, since then, price has continue its march downward to 4.8$ recently. Your loyal writer bought it all the way down, at 6.36$, 5.6$, 4.97$ and 5.1$. My average price is around 5.8$, relatively "high", since I… Read More »
14 km in a straight line from the city center, in Metro line 2 stop called Guanglan, there are some apartment houses and what looks like an abandoned part of the hightech park Zhangjiang, where I worked. I will present some pictures here that may help to prove my point about RE bubble, but this may… Read More »
After over 3 weeks in Shanghai I feel ready to tell my uneducated, see for yourself, personal point of view. I read many articles about China's RE bubble. During the passing three weeks I've bumped into a (awfully) silent reminders of it, standing here and there, reminding me of its existence. I've included some pictures… Read More »
I landed in Shanghai yesterday, as some of you know, I am going to spend a month here. It already feels like I've been here for a long time. The city is huge, much more than I expected. There is EVERYTHING here. I took the Maglev from the airport to the city center (Long Yang… Read More »
Stocks recovered much of their losses from yesterday. It may sound a little funny to most readers but the truth is that I am a little disappointed that I did not manage to buy everything I wanted. I thought declines will last a little longer… 🙂 I actually got some cash that I wanted to use but… Read More »
Feels like 2008 all over again. S&P Downgraded … the USA ! I still don't get it, how can you downgrade a country that prints its own debt denominated currency, how can you downgrade a country that cannot go bankrupt. Buffett commented that it was not a wise move. (EDIT: see first comment below) Ironically,… Read More »