James Altucher, managing partner of Formula Capital, is a true believer in the Internet’s transformative powers and fondly remembers investing during the 1990′s dot.com bubble.But those days are long gone and Altucher now believes “the Internet is de
Hurricane season is nothing to joke about. The period that runs from June 1 to Nov. 30 can leave devastation in its wake.But as our guest James Altucher, managing partner at Formula Capital, notes, certain stocks perform well during this season. That’s ba
Brace yourselves. Only a year after the housing and credit bubble officially burst with the Lehman Brothers bankruptcy, a new “bubble of mammoth proportions” is starting to grow, says James Altucher, managing partner, Formula Capital.Bubble 3.0
From The Business Insider, Aug. 31, 2009:Well, that didn’t take long.
In a decade, Apple has gone from niche-market roadkill to a
company whose growing dominance and competitive tactics in a booming
market are thrilling investors, angering competitors,
Stocks stumbled Monday morning, following another overnight dive by China’s Shanghai Composite and another weekend of stories about how the rally has come “too far, too fast.”Even the
If the bottom of the cycle has arrived for the oil and gas services business, then Baker Hughes‘ $5.5 billion stock-and-cash deal to buy smaller rival BJ Services may well be the beginning of a broad consolidation in the industry.
The premium is hardly as juicy as one might expect at 16 percent, given the deal seems such a perfect fit. BJ has a network of faster-growing international operations, while Baker is mostly focused on the big U.S. market. Plus, BJ has attractive high-pressure pumping technology.
But a look at the state of the market shows the urge to merge will probably keep pressure on premiums. Natgas futures are at seven-year lows on soaring inventories and sinking demand, weather forecasters see a mild winter ahead, and economic green shoots are still only at the sprout stage. Just this morning, OPEC voiced concern about rising oil stocks, hinting ominously that it may have to do something about that.
The deal effectively values BJ at $17.94 per share. Just over a year ago, the stock was selling for $34.90. As early as this spring, analysts at Citi and Goldman were issuing upbeat reports about prospects for oil services, anticipating an economic recovery would have a naturally incendiary effect on energy-related businesses. If a recovery is around the corner, BJ could be going for a song.