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Sunday, 17 November 2013
George Soros' Top 10 New Stock Buys
In the third quarter, Soros' fund purchased 91 new stocks and at quarter end held a total of 232 stocks which have an aggregate fair value of $9.14 billion. The amount of turnover from the previous quarter was 24%.
The recent performance of Soros' stock selections:
Read more at :http://www.nasdaq.com/article/george-soros-top-10-new-stock-buys-cm301724#ixzz2ko6QVsxz
Marc Faber : Capitalism is at the End
Read More at http://www.finanzen100.de/finanznachrichten/wirtschaft/der-kapitalismus-ist-am-ende_H1607313210_64498/
Saturday, 16 November 2013
Soros-Backed Waypoint Wins $550 Million Helicopter Debt
Waypoint has transactions lined up to bring its fleet under management to 21 helicopters exceeding $300 million in value by the end of this year, Chief Executive Officer Ed Washecka said. The models, acquired largely through sale-leaseback agreements, include aircraft from Eurocopter SAS, Finmeccanica SpA (FNC)’s AgustaWestland unit and United Technologies Corp. (UTX)’s Sikorsky.
Waypoint raised $375 million in equity this year from MSD Capital, Cartesian Capital Group and Soros to help build up its Limerick, Ireland-based helicopter leasing arm and tap demand for models used in the oil and gas industry. The debt facility includes a five-year, $335 million revolving credit line that can be expanded to $550 million, the company said in a statement.
Source: http://www.bloomberg.com/news/2013-11-13/soros-backed-waypoint-wins-550-million-helicopter-debt.html
Soros Takes a Stake in Microsoft
The hedge fund, founded by billionaire investor George Soros, held firm its stake in nutrition company Herbalife Ltd.HLF +1.86%, but lowered its stakes in J.C. Penney Co.JCP +0.23% and Google Inc.GOOG +0.27% The fund raised its stake in Chevron Corp.CVX +0.39% and purchased a new stake of 1.6 million shares in FedEx Corp.FDX +0.85%
Mr. Soros’s apparent push into Microsoft comes on the heels of CEO Steve Ballmer announcing his sudden retirement in late August from the firm where he had worked for more than three decades. Mr. Ballmer and company founder Bill Gates had built Microsoft into a technology giant, but the company has found its overall influence weakened by rivals such as AppleAAPL +1.45% and Google. As of Sept. 30, Mr. Soros owned 12.6 million shares of Microsoft.
Jim Rogers : Nobody ever Wins a Trade War or a Currency War
competing with the foreigners any more.“We’ve got to stop this, this is going to be bad.”
So we’re all losing in currency wars. How long can it go on? Well, it can go on as long as politicians can continue to print money. The problem is, of course, eventually the markets will just say, “We’re not going to play this game anymore” and we’ll have a serious collapse. You and I can print money all day long, but at some point, you, I and everybody else is going to say, “Wait a minute, guys, this money is getting worse and worse and more and more worthless, so why don’t we stop playing this game?” I wish the politicians were smart enough at some point to say, “We’ve got to stop this, this is going to be bad.”
But unfortunately they never have, and probably never will. Mr. Bernanke is certainly not going to stop it, because he doesn’t want to go down in history as causing the collapse. Mrs. Yellen, when she comes in, she’s not going to stop it, first of all she doesn’t believe in stopping it, she thinks printing money is good. And she knows – I hope she’s smart enough to know – that if she stops, oh my gosh, it’s going to collapse. So she’s not going to stop. Nobody wants to go down as causing the collapse of the world. So I’m afraid this is going to go on until the market eventually says to them, “Okay, enough is enough,” we have a big collapse and then they’re all thrown out and we can start over.
“Eventually they will try to cut [QE], it will finally cause the collapse, at that point we will have a big change, because they will throw them out, whether it’s the politicians or the central bankers or whoever.”
Friday, 15 November 2013
Jim Rogers :Vulnerable Countries Indonesia, Turkey & India
Source : http://silveristhenew.com/2013/11/14/vulnerable-countries-indonesia-turkey-india/
Thursday, 14 November 2013
Buffett gets a boost with DISH
DISH Network Corp (NASDAQ:DISH). The stock rose +4.91 to $49.77 after presenting a great Q3 performance. Billionaire Julian Robertson holds purchased 443,000 shares (2.39% of his fund), acquired for $39.38 each last quarter. Another important investor with a position in DISH is Warren Buffett, who holds 547,000 shares, also acquired during last quarter for $39.38. The position represents 0.03% in Buffett’s portfolio.
Soros Loses on Rackspace and THM
The stock with a major gain today is InterOil Corporation (NYSE:IOC). The energy company surged +21.44% ($81.42) after reporting solid Q3 earnings. Billionaire John Paulson holds 1.7 million IOC shares, representing 0.85% of his fund. The shareholder paid an average price of $66.64 per asset.
The second company with a great performance today is Western Refining, Inc. (NYSE:WNR). The petroleum firm is up +9.76% and now trading at $36.33 after an upgrade to a “buy” rating by Goldman Sachs. Last quarter, George Soros bought 310,000 shares (0.09% of his portfolio) for $30.87 each.
Sources: http://www.valuewalk.com/2013/11/buffett-wins-dish-soros-loses-rackspace-thm/
Marc Faber : World dangerously awash in credit
If we take total credit as a percentage of the economies of the most advanced economies then total credit as a percent of the economies is now thirty percent higher than in 2007 when the last crisis occurred and say in China credit as a percent of the economy has been growing over the last four and half years by fifty percent , this is unprecedented it is a gigantic credit bubble
Source: http://www.bnn.ca/News/2013/11/13/More-global-credit-now-then-before-the-financial-crisis-Faber.aspx
Jim Rogers: Change is Coming, so know to think against the crowd, the crowd is nearly always wrong
-“…no matter what we all know today, it’s not going to be true in 10 or 15 years…”
-“Eventually the markets will just say, ‘We’re not going to play this game anymore’, and we’ll have a serious collapse.”
-“We’ve got to stop this, this is going to be bad."
-“Eventually they will try to cut [QE], it will finally cause the collapse, at that point we will have a big change, because they will throw them out, whether it’s the politicians or the central bankers or whoever.”
-“I’ve owned gold for many years, I’ve never sold any gold and I can’t imagine I ever will sell gold in my life because it is somewhat of an insurance policy.”
-“Everybody should own some precious metals as an insurance policy. So if they don’t have any right now, I would urge them to go buy something.”
Source : http://www.birchgold.com/jim-rogers-interview-qe-currency-gold-inflation/
Wednesday, 13 November 2013
Jim Rogers : This is Absolute Insanity , we are all going to pay the price for this madness
"it's going to dry up. And when it dries up, we're all going to pay the price for this madness.
Source: http://www.moneynews.com/StreetTalk/Rogers-Fed-absolute-insanity/2013/11/11/id/536050
George Soros Gets a Boost with ViroPharma Buy, Takes a Hit with Denbury
Today’s top gainer is biotechnology company ViroPharma Inc (NASDAQ:VPHM). The stock surprisingly shot up +25.50% to $49.42. According to Bloomberg, this is the result of health company Shire Plc (NYSE:SHP) reaching an agreement to buy ViroPharma for $4.2 billion. Billionaire George Soros acquired 50,000 shares (0.02% of his fund) for $26.29 each last quarter.
Monday, 11 November 2013
Marc Faber: China could spark bigger crisis than 2008.
- An alarming credit boom in China could trigger a crisis that would make 2008 look mild in comparison
- China, in particular, has seen credit as a percentage of the economy jump 50% in the last four and a half years
- China has the “fastest credit growth you can image in the whole of Asia.”
- Faber warns that China isn’t the only problem area. Other Asian countries are also seeing big jumps in household debt.
Soros and Icahn Close Out the Week On Top
Today’s top gainer is Magnum Hunter Resources Corporation (NYSE:MHR). The energy company shot up +11.17% ($7.12) after presenting a better-than-expected Q3 earnings report. Billionaire George Soros acquired 250,000 shares for $3.27 last quarter. This position represents 0.01% of Soros’ portfolio.
The second company in our daily gainers list is The Gap, Inc. (NYSE:GPS). The clothing firm rose +8.68 to $41.03 on the heels of a report of solid Q3 earnings. Edward Lampert holds 10.3 million shares, which represent 14.47% of his fund, purchased at $19.49. Ray Dalio owns 82,000 shares (0.03% of his fund). The shareholder paid $33.56 per asset.
Last but not least is Icahn Enterprises L.P. (NASDAQ:IEP). The financial stock is up +8.69%, now trading at $119.85. Billionaire Carl Icahn holds 99.2 million shares, representing 33.56% of his fund. Each asset cost him $64.57.
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