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 »
Many of you probably recall the articles I wrote for Seeking Alpha (Article 1, Article 2, Article 3) a few months ago. Since then, the company's share price has declined by a more than 30%, but we'll get to this later on. Before reading, I recommend that you read the 3 articles above. As some… Read More »