“We’re not in bear market territory, and we’re not really in a broad-based correction. But investors seem to be struggling to find that next great investment theme.” I wrote those words this past June, when we were in the midst of the “taper tantrum.” My, how little things change in five months. Now in mid-November —...Read More
Harley-Davidson (HOG) is a true American icon. Its motorcycles are so distinctive that the company actually tried to trademark the “Harley sound,” that familiar rumble of the bikes’ exhaust, back in the mid-1990s. It’s also a well-managed company and one of those true rarities: a successful turnaround story. This is a company that was facing bankruptcy...Read More
This month, WidomTree launched a new South-Korea focused ETF, the WisdomTree Korea Hedged Equity Fund (DXKW). This goes head-to-head against a well-entrenched competitor, the iShares MSCI South Korea ETF (EWY), which trades about 2.5 million shares per day and has assets of about $4.4 billion. It also brings up two questions: For one, does WisdomTree’s new...Read More
I appeared on CNBC’s Capital Connection in Singapore this morning to discuss the Twitter IPO. Suffice it to say, at 45 times trailing earnings, Twitter is highly speculative at current prices. Could it go higher? Abolutely. But investors are pricing in a massive surge of revenue growth that may or may not materialize. This is...Read More
Harley-Davidson (HOG) is a true American icon. Its motorcycles are so distinctive that the company actually tried to trademark the “Harley sound,” that familiar rumble of the bikes’ exhaust, back in the mid-1990s. It’s also a well-managed company and one of those true rarities: a successful turnaround story. This is a company that was facing bankruptcy...Read More
