OWTW
CapEx Team

Time to Get Greedy? – OWTW

  EXXON… OR ZOOM? Back in November 2020 we published an issue of Insider Weekly where we made our case for Exxon Mobil: It’s trading at the same level it was some 22 years ago, booted from the Dow, seemingly uninvestable (try to convince a pension fund board of trustees to buy Exxon), and sitting on the same market cap as Zoom. Absolutely “nucking futs!” Our head trader, Brad McFadden, chimed in with a story to illustrate the point: When I was a

Read More »
OWTW
CapEx Team

Time to buy stocks? – OWTW

The “popular press” tells us it’s time to buy stocks… But is it really? We highlighted Apple as an example in last week’s Insider Weekly. By all respects, Apple is a great company. Lately it looks like the dish served is apple crumble. Bottom fishing investors are screaming it’s a buy. And its short-term chart does make it look somewhat attractive. Now let’s zoom out a little. Here’s Apple going back to 2012. Still think it’s a screaming buy? We picked

Read More »
OWTW
CapEx Team

Tech stocks: avoid the undertow – OWTW

Looking at the carnage in “growth” stocks, it feels like it was eons back when our friend Kuppy warned just a few weeks ago (on 25 April to be exact) about the undertow building up in the tech market: The tech sector has an undertow to it. It started slowly in 2021, but as more names get swept out to sea, the strength of the undertow only grows. One down quarter is a tragedy for a fund. Two in a row and

Read More »
Capitalist Viewpoints
CapEx Team

EUROPE, DRY SHIPPERS LOVE YOU

The EU formally adopted the fifth round of sanctions against Russia last week. In essence, it targets Russia’s coal sector. European companies will no longer be able to enter into new agreements to purchase coal from Russia, and any existing contracts will have to be terminated during early August. So Europe has four months to find alternative coal sources. In addition, fertilizers are also facing similar restrictions. For Europe to replace Russian coal, trade flows will need to change and

Read More »
Current Affairs/Politics
CapEx Team

DUBAI

As far as I can tell the Emirates are doing everything in their power to open this place up and make it more attractive. Two examples of many: Dubai Land Department makes all real estate data publicly available as it strengthens transparency – Arabian Business UAE Cabinet approves Executive Regulations of Federal Decree-Law on Entry and Residence of Foreigners I’d encourage you to read through both. Perhaps especially the second one. Now contrast this with what we’re seeing in many

Read More »
Energy
CapEx Team

I HATE BEING RIGHT

No, really. Especially about crappy things like this. But here we are and the pointy shoes in Berlin have a solution to their self-inflicted energy catastrophe. You wanna know what it is? Nationalize their energy assets. I know, I know… it’s what Venezuala did and it’s been tried and tested hundreds of times all around the world. Fear not though, all those other times they just didn’t do it the “right way”. Germany will… or so they profess. Berlin Federal Minister

Read More »
Capitalist Viewpoints
CapEx Team

The Road to Zero

Human beings — regardless of race, religion or culture — like to embrace any belief that is absolute. This is because absolute beliefs are simple, easy to comprehend, and false positives that offer us a false sense of security. If we come to believe that a particular idea, place, or group of people are either all good or all bad, then we humans fool ourselves into thinking that we have got a piece of a particular equation all figured out.

Read More »
OWTW
CapEx Team

Netflix: It’s a b**ch – OWTW

“It’s a b**ch.” That’s how Netflix CEO Reed Hastings reportedly commented on the turn of faith for one of the growth darlings. We imagine Bill Ackman had similar things to say. Thankfully, he quickly came to his senses and walked away — $400 million lighter, but he did manage to walk away. The way we see it, Netflix is but one of the grossly overvalued growth stocks that have succumbed to gravity in recent weeks. Not to pat ourselves on the back too much,

Read More »