Text Adsense

Friday, February 12, 2016

Jamie Dimon gets in when JPMorgan gets dumped

It's all over financial media that JPMorgan Chase & Co. CEO, James Dimon "Jaime", bought 500,000 shares of JPM common stock at about $53.2 per share which is about $27MM of his personal money after the recent global market sell-off.

Looking back historically, this is actually not the first time Jaime Dimon did this type of transaction. Back in the height of 2008 financial crisis, on Jan 16, 2009, Jaime Dimon also came in and bought 500,000 shares at $22.92 after a the stock made a drop of whooping 71.91% from it's peak to trough.

He also purchased another 500,000 shares in 2012 at around $34.4/share when the JPM stock dropped 42.41% from peak to trough. Putting things in context, his previous two purchases (2008 and 2012) are actually relatively "more courageous" than the most recent since the stock just dropped 25.65% from the recent peak.

Still, hats off to Dimon, as he seem to be a guy who gets in big when a relatively huge correction comes in, and so far he's making money - a lot of money, about $24.4 MM of gains from his 2008 and 2012 purchases.

Saturday, February 6, 2016

Top Twenty Five (25) Cheapest Stocks in the Philippines as of 06-Feb-16

The "Top 25 Cheapest Stocks in the Philippines" is a monthly publication by The Filipino Investor to give investors in the PSE a sense on what are the cheapest stocks at the current market prices. This will be particularly useful to value investors a.k.a. those investors who like to buy companies whose current market price is selling cheap relative to quantifiable metrics such as earnings, sales, book value, dividend etc.
We would like to remind the readers of this website to do due diligence before investing specially on the more iliquid names. Cheers and enjoy!

1. P/E, EV/EBITDA, P/B, P/S were arranged from lowest to highest (lower the numbers means they are cheaper)

2. DY was arranged from highest to lowest (higher numbers are better/cheaper)

3. Data as of 06-Feb-16

Thursday, February 4, 2016

Investment and Life Lessons - Part 5

Here's the part 5 of my previous posts regarding the lessons/quotes I've encountered in my various readings on business, stocks, economy, money, war and life. My list is getting too long again hence I'm sharing it with the Filipino Investors out there for them to learn a thing or two. Cheers!

  1. Be like a duck, stay calm on the surface but paddle like hell underneath
  2. The few who do are the envy of the many who watch - J.R.
  3. Don't wish it was easier, wish you were better - J.R.
  4. You have to fight through some bad days to earn the best ones. - Elal Jane Lasola
  5. Wall Street's tendency to be forgiving of bullish strategists who end up being wrong..  "If you're a bull and you're wrong, you're forgiven. If you're a bull and you're right, they love you. If you're a bear and you're right, you're respected. If you're a bear and you're wrong, you're fired."
  6. To understand is to be free - Baruch Spinoza
  7. A thing does not therefore cease to be true because it is not accepted by many - Baruch Spinoza
  8. Desire is the very essence of man - Spinoza
  9. Warren chooses the kind of business he would like to be in and then lets the price of the security, and thus his expected return, determine the buy decision. (This is like Warren in high school identifying a girl he wants to date and then waiting for her to break up with her boyfriend before beginning his pursuit).
  10. Investment is most intelligent when it is most businesslike - Benjamin Graham
  11. There is no such thing as overnight success or easy money. If you fail, do not be discouraged; try again. When you do well, do not change your ways. Success is not just good luck: it is a combination of hard work, good credit standing, opportunity, readiness and timing. Success will not last if you do not take care of it. - Henry Sy
  12. Work more, talk less - Henry Sy