Murray Energy CEO Robert Murray, who spoke to Republicans at the Lincoln Day Dinner on Wednesday, is “righteously mad” at President Barack Obama, who Murray says is to blame for the downturn in the coal industry. The President, you see, is on a “bizarre personal and political” quest to destroy not only the coal industry,…
VANCOUVER, Canada – When we woke up in the morning, the TransCanada had already heaved itself over the highest point in the Rockies. Gone were the dense forests of the East. Gone were the wide-open spaces of Saskatchewan and Alberta. We were in British Columbia – rolling downhill, following the gray-green river downstream, through boiling…
In numerous TSI commentaries over the years I’ve written about the confusion in the minds of many analysts regarding what constitutes gold supply and the relationship between supply, demand and price in the gold market. I’ve also covered the issue several times at the TSI Blog, most recently on 24th June in the post titled…
The hotel industry has come a long way since the sales plunge witnessed during the global financial crisis. Outside of a few pockets of economic and political disturbances worldwide, sales have risen all over the world and are particularly robust in the U.S. There are plenty of reasons to be optimistic about the hotel industry’s…
We evaluated 40 different companies this week to determine whether they are suitable for Defensive Investors, those unwilling to do substantial research, or Enterprising Investors, those who are willing to do such research. We also put each company through the ModernGraham valuation model based on Benjamin Graham’s value investing formulas in order to determine an intrinsic…
Deals and Financings 3SBio (HK:1530) of Shenyang acquired Zhejiang Wansheng Pharma, a small molecule drugmaker, for $85 million (see story). Wansheng is approved to market 55 products in the areas of oncology, diabetes, cardiovascular and dermatology. It also has 13 GMP production lines. The transaction is priced at 20 times Wansheng’s earnings and slightly less than…
The overextended technical condition of the dollar we highlighted previously was expressed in a mixed performance last week. Against the top ten currencies, that dollar fell against five. The drop in oil prices and other commodity prices encouraged rate cut expectations in Australia and Canada, sending those currencies to new multi-year lows. The New Zealand…
As we get deeper into earnings season it is clear that a strong dollar and lagging global growth are digging into the top and bottom lines of many companies. That’s why Bret Jensen is recommending these two all-American stocks that can take advantage of our strengthening domestic economy and will not be pressured by the…
The Greek deal reached in the early hours of last Monday and ratified by the Greek parliament Wednesday drew a sigh of relief from investors. Unfortunately, that reaction was not simply premature. It’s completely misguided. Greece would be far better off leaving the eurozone, and the common currency would be strengthened by its departure. Meanwhile,…
New claims for unemployment insurance this week came in at the lowest level in over 40 years. How much slack can there be left in the labor market? Initial claims for unemployment insurance, weekly, 1967-01-07 to 2015-07-18. Source: FRED. The most common measure of unemployment (known as U3) counts the number of people who are not…
