Never ignore a beaten down stock… In early February 2016, we recommended that subscribers to The Cheap Investor buy shares of Goldfield (GV) at a low of $1.33. Despite respectable earnings and revenue growth, the stock was greatly ignored. But we still found value, noting that if the company could maintain its growth trend, the…
DetailsLet me tell you about my friend Chris. He’s done everything right his whole life. He took the safe route like you’re supposed to do. He studied accounting. Judging by demand for his services, he’s quite a good one. When he got his first job in accounting, he immediately started night school to get his…
DetailsNews of the UK decision to exit the European Union sent shockwaves through global markets. Global indices lost $3 trillion in two days. The Dow Jones Industrial Average plummeted 870 points. The British pound fell to a 31-year low. The Nikkei slipped 1,280 points – its worst drop in 16 years. Hysterical investors joined the…
DetailsLast Friday was a huge day. The jobs report came out. It beat all expectations. Stocks soared. The bulls are back. Well, for a day at least. We’re not about to turn one data point in an otherwise multi-year downtrend into the end of it all. There was some great market action on Friday.…
DetailsOver the last several days, global markets buckled under the strain of increased volatility, and uncertainty. It was a train wreck of emotional trading. Worldwide markets lost $3 trillion in two days. The Nikkei lost 1,280 points – the biggest drop in 16 years. The Dow Jones Industrial Average lost more than 800 points. European…
DetailsSo much for that devastating May jobs report. On Friday morning, the U.S. announced employers added 287,000 jobs in June 2016, marking the best month for labor expansion since the addition of 295,000 jobs in October 2015. It easily beat analyst expectations for an addition of 175,000 jobs. At the same time, the unemployment rate…
DetailsGold’s up $300 this year. Gold stocks are tearing it up. For those of you who saw how cheap gold stocks were five months ago, you know how epic this move has been. Has it been too much though? Here’s the simple way to know if it is.
DetailsGold prices rocketed to their highest point in two years, as investors continue to buy into the safe-haven on low/negative interest rates and lingering global economic concerns. Also fueling gold were comments from New York Federal Reserve President William Dudley who noted the bank would be patient on raising rates on the heels of low…
Details“Summer of shocks.” That was the headline from CNBC a few weeks ago covering the results of a survey of institutional investors. It really stuck out to me. It’s practically the “Get ready for more volatility” non-prediction prediction that always turns out to be right. Stocks are volatile. Water is wet. There is, however, a…
DetailsAt one time, Puerto Rico was one of the most prolific economies of the Caribbean. Its economy thrived on tax incentives given to U.S. companies under Section 936 U.S. IRS Code in 1976, which allowed companies to send profits back to the United States with minimal taxes. Eli Lilly, Abbott Laboratories, Johnson & Johnson and…
DetailsOver the last several days, global markets buckled under the strain of increased volatility, and uncertainty. It was a train wreck of emotional trading. Worldwide markets lost $3 trillion in two days. The Nikkei lost 1,280 points – the biggest drop in 16 years. The Dow Jones Industrial Average lost more than 800 points. European…
DetailsLong, massive, and inevitable trends. That’s where you’re going to make most of your money as an investor. The wealthiest people I have ever met made most of their money in just one or two of them. Today is a special time to be an investor. We’re looking at two of them at the same…
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