05/29/2007 14:25 PM CDT Asked by jmb063
Nice discussion but I would prefer the porfolio to be tracked

05/02/2007 04:52 AM CDT Asked by alex morrow
5/1/07 Add to FMD on weakness. This has become my largest position. I must admit that my port has underperformed the market this year to date. While I don't like it, I accept that lack of diversification will often create an inverse relationship between the performance of my port and the market. Since I earn my living from the market and I have no board that I'm responsible to, I accept this condition. In my view, it's the only way I can outperform.
FMD recently announced a 10% share buyback to be funded from working capital. The market has not only ignored this positive development, it's brought the stock down further. To my way of thinking, eliminating 10% of the partbers gives me a greater share of fast growing profits. I believe FMD has the ability to protect these profits with its competitive position.
On another note- QMAR continues expanding into Capesize vessels and secures contracts for their introduction.
DGX stock is an enigma. Patience is required. CMCSK firing on 8 cylinders. The stock has paused after a great run in 2006. I believe its still undervalued and won't sell unless I find something better to buy.

04/17/2007 10:01 AM CDT Asked by alex morrow
4/17/07
Today, an announcement;
SLM to be purchased in an LBO. 50% of the patners are JPM and BAC- major clients of FMD.
Ergo, FMD is going to lose these customers and the price is off by over $10/share. I have 3 observations;
1) This is a legitimate concern
2) Does this mean that the FMD data base is worth less as a business tool to lenders like Chase and BAC
3) All 3 credit rating agencies have announced they will lower their rating on SLM significantly if the deal goes thru because of the leveraging of an already leveraged business.
I'm holding my position because I don't believe this will significantly alter FMD's competitive advantage in the short run.

04/10/2007 20:04 PM CDT Asked by alex morrow
4/10/07 Today QMAR announced a joint ventureto begin in 2010 with a capesize vessel and a long term contract already committed to it from an investment quality company. The management of this company continues to perform well for the shareholders.

04/10/2007 19:03 PM CDT Asked by alex morrow
4/10/07
Added to FMD on weakness

03/14/2007 05:05 AM CDT Asked by alex morrow
3/13/07 I have added to FMD on weakness

03/11/2007 19:45 PM CDT Asked by alex morrow
The recent collapse in stock prices relative to subprime lenders spells opportunity. Everyone is talking about it and writing about it. It is even a front page story inmany major newspapers. The problem for me is that none of the lenders have a competitive advantage that I can identify. I'm considering the large investment banks like Golman, Morgan Stanley or Merril, because they've taken a hit as a result of this situation and they do have competitive advantages in other areas.

03/07/2007 11:59 AM CST Asked by alex morrow
3/7/07 I used recent weakness to add to DGX positin

03/05/2007 11:08 AM CST Asked by alex morrow
3/5/07 I have used recent weakness to add to DGX

03/05/2007 10:57 AM CST Asked by alex morrow
3/5/07 I have used the recent weakness to add to XTXI and FMD