Why I Wouldn't Buy Berkshire Hathaway's Portfolio (Archive)
Berkshire's concentrated, slow-growing asset mix makes it a poor bet versus the S&P 500.
Financials
PayPal: Unattractive Given Far Better Opportunities (Archive)
PayPal’s weak growth, margin pressure and insider selling make the stock unattractive.
B. Riley: Unsustainable Profitability And Eroding Net Asset Value (Archive)
B. Riley’s weakening core profitability is eroding liquidity and exposing a fragile balance sheet.
Ares Capital: Competition Weighs Down On Yields And Margins (Archive)
Competitive pressures erode Ares Capital’s high-yield deal access and compress net investment margins.
Berkshire Hathaway: Why I Still Think It Will Likely Underperform The Market (Archive)
Apple concentration, manufacturing weakness and fair-value valuation point to negative alpha ahead.
B. Riley's Balance Sheet Is In Bad Shape With A Risky Solvency Position (Archive)
RILY’s core business faces structural solvency stress despite headline liquidity and recent short squeeze.
Charles Schwab: Mr. Market Says Actions Speak Louder Than Words (Archive)
Waiting for Schwab to prove cheaper funding before renewed alpha potential.