August 12th, 2008 by StockGumshoe
Well, even the AP is playing along, trotting out the tried-and-true “people drink more during recessions” article yesterday … to go along with Karim Rahemtulla’s “Capone’s Legacy” stocks. We took a brief look at Anheuser Busch yesterday, which has a slight connection to Capone because the Chicago gangster bought a summer home that had been built for one of the Busches. Clarence Busch had the misfortune to build his waterfront mansion in 1920, the first year of prohibition, and Capone ended up buying it later that decade, not long before the 1929 Valentine’s Day Massacre pushed the feds to more forcefully investigate and eventually convict him …
It was downhill after that for Capone — prison time took away his control over the Outfit, and the end of prohibition took away one of their biggest profit streams, but it sure was good for the liquor and beer companies.
Rahemtulla teases us with several other “sin” stocks that follow in Capone’s legacy, what are they? Read the rest of this entry »
May 27th, 2008 by StockGumshoe
This one didn’t come in on an email ad, but it’s a teaser for a couple companies nonetheless … and you know how your friendly neighborhood Stock Gumshoe just looooves a teaser!
Tony Sagami runs a newsletter called Asia Stock Alert for Martin Weiss at Money and Markets, and we’ve looked at him before — unfortunately for him, it was when he was teasing Garmin as the #1 best tech stock to own now back in June, 2007.
I suppose it was one of the best ones to own for a little while there, for about four or five months — it was around $65 when he teased it, and it did shoot up over the winter to over $120. Now? It’s back under $50. So perhaps he had a trailing stop and still got a gain for his subscribers in that one, I don’t know.
Like Robert Hsu, Sagami claims that his advantage in choosing Asian stocks, and in particular Chinese stocks, is that he visits the places that no one else wants to visit, and he does his own “boots on the ground” research. I don’t know if there’s any truth to their claims that all other analysts spend their time at Shanghai nightclubs while these intrepid souls sneak around warehouses with cameras, but we’ll let them have their glamorous Gumshoe image. Read the rest of this entry »
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