The Iconoclast Investor

You can say all you want that we’ve been in a secular bear market since 2000 … and you may be right.  But secular bear or not, that didn’t stop many big winners from lifting off from 2003-2007, including Apple, Google, First Solar, Crocs, Research in Motion, Coach, XM Satellite Radio, Intuitive Surgical, Potash, Mosaic, [...]

[Read more →]

Have all banks run amok? Not quite. I’ve gone out on a limb lately and recommended a couple of banks in the advisory I edit, Cabot Benjamin Graham Value Letter.
Hudson City Bancorp (HCBK) owns and operates 127 savings bank branches in northern New Jersey and New York City. The bank specializes in writing jumbo mortgages [...]

[Read more →]

With most stocks getting hit in the past week, it’s hard to find a stock that’s at a pristine buy point.  And, frankly, even if I saw one, I’m not sure it would work out–when the market is under pressure, good stocks can go bad in a hurry.  So I want to highlight a company [...]

[Read more →]

My stock recommendation today is American Dairy (ADY), a Chinese producer of milk powder, soybean milk powder, walnut products and other dairy stuff.
China isn’t known as a big consumer of dairy goods.  Many Chinese find cheese distasteful and just don’t enjoy yogurt, buttermilk and the rest of the milk-based foods that delight Westerners.  But that’s [...]

[Read more →]

In 2000, Time magazine ran a memorable cover story about golden rice, a rice strain genetically modified to contain beta-carotene, a precursor to vitamin A. Vitamin A deficiency is a scourge in the developing world. The lack of it can lead to blindness in pregnant women, miscarriages and leads to as many as 500,000 children [...]

[Read more →]