We have written these reports for two audiences: for ourselves and for our clients. They represent our fundamental research into companies and related investment issues, and are intended to be readable, and to be read. In particular, our company reports do not use gimmicky, misleading or downright dangerous ratings systems done by a computer program with questionable inputs and no independent thought. Such systems deserve ratings of '1-Star,' 'F,' and 'Sell!'
Dow's Rohm & Haas Acquisition: Simple Math
Lee Eugene Munson and Patrick Kirtz analyze Dow’s Rohm & Haas Acquisition. Published on Seeking Alpha
Facing fierce domestic opposition, the Kuwaiti government this weekend scuttled a deal, first unveiled a year ago, between state-owned Petrochemical Industries and Dow Chemical (DOW) to create K-Dow Petrochemicals. Wall Street reacted on Monday by sending not only DOW [...]
Citigroup: Too Big to Fail or Succeed
Lee Eugene Munson and Lorraine Ell analyze Citigroup Preferred stock. Published on Seeking Alpha
As active conservative money managers, we at Portfolio Asset Management sought a way to capture appreciation from devastated financial stocks and yet have an increased chance of dependable high yields. With a focus on cash flow, an outgrowth of the demographics [...]
All We Have to Fear Is Fear and Slow Economic Activity
Lee Eugene Munson comments on the economy. Published on Seeking Alpha
Last week I spent two days in Boston engaging the best minds on Wall Street. Most of them, however, don’t live anywhere near Wall Street or the studios of CNBC. This may explain why there was a coherent consensus among bulls, bears, and everyone [...]
ORNAX: The Crowd is Always Wrong
Lee Eugene Munson and Lorraine Ell provide independent fund research on the Oppenheimer Rochester National Municipal Fund (ORNAX, ORMBX, ORNCX).
At the most basic level, most analysts simply lack an understanding of the Oppenheimer Rochester National Municipal Fund (ORNAX, ORMBX, ORNCX) managed by Ronald Fielding. Most analysis of ORNAX highlights parts of the portfolio without context [...]
Ford: Have You Driven a Convertible Preferred Lately?
Lee Eugene Munson and Patrick Kirtz analyze Ford Convertible Preferred stock. Published on Seeking Alpha
The news is horrible for the auto industry. In October, J.D. Power and Associates published a study that suggested a potential collapse in the global auto industry in 2009. We love to buy panic, but this time it seems real. [...]
How To Talk To Your Children About Their College Fund
A client came in this summer and told me her son was entering college. Because her son was 18, he could access the money in his custodial account, and she wanted to know how to discuss it with him. Keep in mind each state has different age limits on custodial accounts that range from 18 [...]
European Delivery: A financial approach to your new luxury car
This article is also available on the BMW Blog at: http://www.bmwblog.com/category/bmw-european-delivery/
If you have decided to spend that startling amount of money on a car, you may have to admit it’s not really an investment, but do we have to call it an expensive toy? No, not if we make the acquisition a memorable experience.
Picking [...]
Financial Advisor Credentials
Investors are confused by the myriad acronyms replete in the financial services industry as they appear after the names of any number of Vice Presidents and Directors. Many designations are merely certificates issued without rigorous tests or any assurances of a defined body of knowledge that should include financial accounting, investment analysis, and the [...]
