Irving Kahn was the co-founder and chairman of Kahn Brothers Group Inc., a broker-dealer and investment adviser with about $1 billion under management. Irving worked closely with Benjamin Graham over his career. He had the noteworthy opportunity of working as Graham’s teaching assistant at Columbia University Business School and also contributed to Graham’s bible on value investing, Security Analysis, by…
During the day on Wednesday we have several announcements, but one of the more interesting ones will be the New Zealand interest-rate decision and more importantly, the statement that accompanies that. After all, it gives us an idea of what the central bank in New Zealand sees in the global economy, and it can give…
Moments ago, the Bank of Canada’s chief finally said what we had been patiently waiting for over the past several months: admission that Europe’s experiment with negative rates is about to cross the Atlantic. From Market News: BOC POLOZ: NOW SEES EFFECTIVE LOWER BOUND FOR POLICY RATE AROUND -0.5% BOC POLOZ: CANADN FIN MKTS COULD FUNCTION…
Moments ago, the Bank of Canada’s chief finally said what we had been patiently waiting for over the past several months: admission that Europe’s experiment with negative rates is about to cross the Atlantic. From Market News: BOC POLOZ: NOW SEES EFFECTIVE LOWER BOUND FOR POLICY RATE AROUND -0.5% BOC POLOZ: CANADN FIN MKTS COULD FUNCTION…
The battle to acquire Pep Boys (PBY) has deepened as the company said in a press release this morning that activist investor Carl Icahn’s all-cash offer of $15.50 per share “would reasonably be expected to result in a ‘Superior Proposal’ as defined in the Company’s agreement and plan of merger with Bridgestone.” Icahn’s offer became public on…
Since their introduction in 1993, exchange traded funds (ETFs) have become a huge hit with retail (that is, small individual) investors, for a very good reason: As “passive” funds that just match a given market or sector with minimal trading and extremely low fees, ETFs offer exposure to equities without requiring a lot of judgment. And after…
Shutterstock photo Years of low interest rates and minimal inflation have resulted in many ETF investors adopting these investments as surrogates for more conservative options. Furthermore, a prolonged period of relatively low volatility may have lulled these same participants into a false sense of security. The lesson that many are learning is that a reach…
According to Reuters, Valeant VRX is considering selling its contact lens maker Paragon Vision Sciences: Valeant Pharmaceuticals is reaching out to potential buyers for its specialty contact lens manufacturing division, Paragon Vision Sciences, amid scrutiny from the Federal Trade Commission, according to two people familiar with the matter. A sale of Paragon, which Valeant’s Bausch…
Lululemon Athletica (LULU), the leading high-end yoga inspired clothing retailer, is set to report 3Q2015 earnings early tomorrow morning. Analysts are expecting a year over year decline in EPS but a year over year increase in revenue. Times have been tough for the retailer, as competition has stiffened. The Estimize consensus is forecasting EPS of…
The Canadian dollar, affectionately known as the loonie because of a loon on the one dollar coin, has crashed vs. the US dollar. US Dollar vs. Canadian Dollar Monthly image: http://1.bp.blogspot.com/-cmtFItGygjE/VmcfHdiPGVI/AAAAAAAAgfI/LPUSS-iDzN8/s400/USD-CAD.png The USD vs. the Loonie is back to a high last seen in May of 2004. Tools Needed Isn’t a sinking currency supposed…
