Stansberry
by xiexgp | June 6, 2014 10:08 am
Has anyone noticed that Porter Stansberry[1]’s Investment Advisory has finally stopped printing Stansberry’s personal political rants and is now employing some apparently knowledgeable analysts to write informative opinions on stocks? I was about to cancel my subscription but the past few issues have provided some decent new information.
I still can’t stand their horrible B.S. ads, especially the ”End of America[2]” sky -is-falling cr*p; until recently they were still bragging about how Stansberry predicted the bankruptcy of General Growth Properties (GGP)[3], as if the stockholders lost their money. (They didn’t; it was a chapter 11 reorganization engineered by Bill Ackman[4] – who paid off the bondholders, got the judge to deny foreclosures, and spun off all the very valuable Howard Hughes properties into a separate corporation of which he is now Chairman and a majority stockholder).
I bought GGP stock when I found out that even at the market bottom in 2009 they were still earning $2 Billion and their main problem was refinancing mortgages coming due. I personally have made 24 times my investment in GGP since 2009 by ignoring his advice. Besides the fact that GGP went from a penny stock in 2009 to $23+ today, all the stockholders got a 10% dividend in newly minted Howard Hughes stock at the spinoff (when GGP hit $15) and HHC sells today at $145+. So much for Porter Stansberry’s worthy personal opinions.
If anybody has checked any of the recent recommendations, please comment.
I also read Sjuggerud’s True Wealth[5] and find his comments interesting and his predictions about the direction of the markets pretty accurate. I don’t usually buy his recommendations, but I should have picked up several of them that turned out to be real winners, like the Texas Land Trust, and the Wisdom Tree Japanese ETF. I notice that most of his recommendations lately have been ETFs rather than individual stocks, which looks like a safer bet in today’s risky market because of their diversification.
- Porter Stansberry: https://www.stockgumshoe.com/tag/porter-stansberry/
- End of America: https://www.stockgumshoe.com/tag/end-of-america/
- General Growth Properties (GGP): https://www.stockgumshoe.com/tag/ggp/
- Ackman: https://www.stockgumshoe.com/tag/ackman/
- True Wealth: https://www.stockgumshoe.com/tag/true-wealth/
Source URL: https://www.stockgumshoe.com/2014/06/microblog-stansberry/
Stansberry’s rant has been a loser for years, showing that the ever-rising din of “panic-selling” is becoming far too commonplace, usually ignored, and is far more based on ultra right ideology than any real financial or economic analysis.
I have also noticed that with additional analysts writing for him, Stansberry’s Investment Advisory is now 20 pages long up from 16 pages in previous issues.