Merry Christmas from everyone at Cabot! I hope you’re having a wonderful holiday season full of family, food and fun.
You may have noticed us talking about a special issue of Dick Davis Digest to be published in January that will contain the top stock picks for 2010 from the best investment pickers in the business. [...]

[Read more →]

Today I start with a review of the high points of the XM Radio/Sirius Radio saga, which has important lessons for all of us.
The roots of Sirius Satellite Radio date to 1990, when ex-NASA engineer Robert Briskman formed a company called Satellite CD Radio in Washington, D.C.
Two years later, American Mobile Satellite Corporation established a [...]

[Read more →]

It’s one thing to talk about government interference with business in the abstract.  In the U.S. this is usually a matter of massive paperwork, taxes, red tape and restrictions on employment, environmental impact, worker safety and health care.
In China, things can get significantly weirder.
Take the Chinese Web portal and online game company Netease.com (NTES).  NetEase [...]

[Read more →]

It’s always exciting when a new stock comes public.  Well, maybe “exciting” is a little too strong a word, lets just say that it’s interesting.
When the mood of the markets turns bearish and the global economy is going over a cliff, initial public offerings dry up quickly.  After all, nobody wants to put a big [...]

[Read more →]

Below are 10 random thoughts you might find interesting.
1) Last weekend’s Boston Globe had a big story on Foxwoods, the Connecticut casino complex that began as a bingo hall in 1986 and has grown into the largest casino in the world.  Owned by the Mashantucket Pequot Tribal Nation (and creditors), the casino is struggling to [...]

[Read more →]