Archive for 2017

Undervalued Micro-Cap Network-1 Technologies Inc, FCF/EV Yield 134%

By The Acquirer’s Multiple. Originally published at ValueWalk.

One of the cheapest stocks in our Small & Micro Cap – Stock Screener is Network-1 Technologies Inc (NYSEMKT:NTIP).

With a market cap around $89 million, very few investors have ever heard of this great little company. Network-1 Technologies Inc (Network-1) has a remarkable record of taking on and beating technology behemoths like Apple and Microsoft in court.

Network-1 is engaged in the development, licensing and protection of its intellectual property assets.  The company presently owns twenty-eight (28) patents including:

(i) The Remote Power Patent covering the delivery of power over Ethernet (PoE) cables for the purpose of remotely powering network devices, such as wireless access ports, IP phones and network based cameras.

(ii) The Mirror Worlds Patent Portfolio relating to foundational technologies that enable unified search and indexing, displaying and archiving of documents in a computer system.

(iii) The Cox Patent Portfolio relating to enabling technology for identifying media content on the Internet and taking further action to be performed based on such identification.

(iv) The QoS Patents covering systems and methods for the transmission of audio, video and data over computer and telephony networks in order to achieve high quality of service.

A quick look at the company’s share price (below) over the past twelve months shows that the price is up 104% to $3.80 from $1.86 in March 2016. That is 10% off its 52 week high of $4.15, but closer inspection shows that the stock remains undervalued.

(Source, Morningstar)

According to the company’s latest Q3 2016 earnings report dated September 30, 2016, Network-1 had the largest quarterly revenues in its history with revenue of $34.3 million for the three months ended September 30, 2016 compared to $3.0 million for the previous corresponding period (pcp). The significant increase was due to additional licensing revenue of $31.0 million from settlement and licensing agreements entered into with Apple Inc. and Dell, Inc. during the quarter.

Total revenue for the nine months ending September 30, 2016 was $60 million compared to $10.4 million for the pcp due to the same settlement and licensing agreements, plus a $17.5 million settlement of a professional liability claim. As a result, the company reported net income of $0.98 per share (basic) and $0.93 per share (diluted) compared to just $0.07 per share (basic and diluted) for the pcp.

Network-1 is a company that spends a great deal of time in court…
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How Berkshire Hathaway Evolved From A Portfolio Of Stocks To A Conglomerate

By Dr. David Kass. Originally published at ValueWalk.

As recently as 1994, Berkshire Hathaway’s equity securities equaled 76% of total assets.

At year-end 2016, Berkshire Hathaway’s equity securities equaled 19% of total assets.

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Warren Buffett Berkshire Hathaway

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Berkshire’s focus on acquiring businesses has resulted in a conglomerate of 80 companies.

Warren Buffett acquired Berkshire Hathaway (NYSE:BRK.A), a textile manufacturer, in 1965. In 1967, Berkshire paid $8.6 million to buy National Indemnity Company, a small but profitable Omaha-based insurer. In 1985, Buffett shut down the textile business, but retained its corporate name. The property casualty branch of the insurance industry has been the engine that has propelled Berkshire’s expansion since 1967. Since premiums were paid in advance of claims, Berkshire used this “float” along with underwriting profits to grow the company through investments and acquisitions. Subsequent acquisitions of GEICO in 1995 and entry into the reinsurance business, through the purchase of General Re in 1998, substantially added to Berkshire’s stake and float in this industry.

As of December 31, 2016, Berkshire Hathaway had acquired approximately 80 companies within its four major sectors of operations: (1) Insurance, (2) Regulated, Capital Intensive Businesses, (3) Manufacturing, Service and Retailing Operations, and (4) Finance and Financial Products. Berkshire’s largest acquisitions were BNSF (Burlington Northern Santa Fe Railroad) in 2010, Precision Castparts in 2016, Berkshire Hathaway Energy in 1999, Marmon (manufacturer of transportation equipment including rail cars) in 2007, Lubrizol (lubricants) in 2011 and IMC (formerly Iscar – machine tool manufacturer) in 2006.

As these acquisitions were being made, the relative importance of Berkshire’s equity securities as a percentage of total assets has declined substantially. As recently as 1994, Berkshire’s equity securities equaled 76% of total assets. As of year-end 2016, it comprised only 19% of total…
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Focus Points For Tailored Brands Q4 Report

Courtesy of Benzinga.

Focus Points For Tailored Brands Q4 Report

With Tailored Brands Inc (NYSE: TLRD) scheduled to report its fiscal-year 2017′s fourth-quarter results after the close on March 8, Wunderlich’s Eric Beder noted, “While not an important bottom-line quarter for the company, investors will be focused on the return to positive comps at the Jos. A. Bank Clothiers Inc (previously traded (NASDAQ: JOSB)) chain, which is anniversarying the shift away from material discounting.”

The analyst maintained a Buy rating on Tailored Brands, with a price target of $30.

Focus Areas

Beder believes that Jos. A. Bank has the potential to generate the highest margins among all of Tailored Brands’ chains.

The analyst also expects management to continue its focus on reducing debt, while leveraging meaningful synergies that are likely to come up in FY 2018 from streamlining and store closures.

Related Link: 2017 Will Be Another Transition Year For Retail

“As such, we remain positive on TLRD and view the name as a key upside play for FY18,” Beder stated.

For Q4 FY 2017, consensus expectations are for loss of $0.12 per share, which is close to the higher end of the company’s implied guidance. The analyst believes that this forecast is achievable, although it is not highly relevant.

“The company’s fourth quarter is, by far, the least important quarter in terms of its earnings,” Beder explained.

Looking Ahead

In addition, the analyst believes that Tailored Brands’ suiting business, driven by suit separates and sport coats, has performed significantly better than the overall apparel sector, which “should bode well” for the company.

In addition, Beder believes “the rollout of custom suiting, shirts and accessories has continued to grow in importance, driving further margin gains and materially positive working capital impacts.”

In fact, the analyst expects Tailored Brands’ cost cutting…
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Amid Product Challenges, High Cash Burn Rate, Goldman Downgrades GoPro To Sell

Courtesy of Benzinga.

Amid Product Challenges, High Cash Burn Rate, Goldman Downgrades GoPro To Sell

Goldman Sachs’ Simona Jankowski believes GoPro Inc (NASDAQ: GPRO) shares are likely to see 32 percent downside, as compared to the average upside of 5 percent expected for the Hardware & CommTech coverage.

The analyst downgraded the rating on the company from Neutral to Sell, while lowering the price target from $9.50 to $6.00.

Significant Challenges

GoPro faces significant challenges following saturation of its core action cameras market, product rollout issues in the holiday season, and a disappointing entry into the drone market,” Jankowski mentioned.

Due to these issues, the company has seen a meaningful opex ramp over the past two years. In addition, with the restructuring charges, the analyst expects GoPro to generate negative free cash flow until fourth-quarter 2017, which could materially impact the company’s cash balance and potentially lead to it tapping into its credit facility.

With risk to the consensus expectations, Jankowski believes that the stock is overvalued at the current levels.

Related Link: Jim Cramer Advises His Viewers On GoPro And Cypress Semiconductor

Competition

In addition, the company faces a new competitor in YI Technology “whose products are competitive with GoPro’s but at a $100 (25–33 percent) lower price point.”

Jankowski also noted that the company’s recent restructuring efforts might reduce GoPro’s ability to differentiate through content, with the company having eliminated its entertainment group.

“In drones, GoPro’s new entry with the Karma lags competitor DJI in several key features and performance metrics, which makes it unlikely that it will gain significant share,” the analyst added.

Estimates Lowered

“We lower our estimates below consensus as we expect GoPro to continue to struggle fundamentally,” the analyst stated while pointing out that in its core action camera market, GoPro saw a disappointing holiday season, exiting the period with excess inventory.

The non-GAAP EPS estimates for 2017, 2018 and 2019 have been lowered to reflect lower revenue expectations.

At last check, shares of GoPro were down 4.52 percent at $8.44 in Monday’s pre-market session.…
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Keep an Eye on These 5 Stocks for March 6, 2017

Courtesy of Benzinga.

Keep an Eye on These 5 Stocks for March 6, 2017

Some of the stocks that may grab investor focus today are:

  • Wall Street expects Thor Industries, Inc. (NYSE: THO) to post quarterly earnings at $1.21 per share on revenue of $1.50 billion after the closing bell. Thor Industries shares rose 0.19 percent to close at $113.94 on Friday.
  • Analysts are expecting Korn/Ferry International (NYSE: KFY) to have earned $0.53 per share on revenue of $382.76 million in the latest quarter. Korn/Ferry will release earnings after the markets close. Korn/Ferry shares gained 3.29 percent to close at $32.05 on Friday.
  • Deutsche Bank AG (USA) (NYSE: DB) announced plans to raise 8 billion euro by launching rights issue of new shares and disclosed a major reorganization of its business structure. Deutsche Bank shares dropped 4.26 percent to close at $19.35 on Friday.

Find out what’s going on in today’s market and bring any questions you have to Benzinga’s PreMarket Prep.

  • After the markets close, Quanex Building Products Corporation (NYSE: NX) is estimated to post a quarterly loss at $0.03 per share on revenue of $189.60 million. Quanex Building shares declined 1.04 percent to close at $19.10 on Friday.
  • Analysts expect Casey’s General Stores Inc (NASDAQ: CASY) to post quarterly earnings at $0.93 per share on revenue of $1.81 billion after the closing bell. Casey’s shares slipped 1.44 percent to close at $113.91 on Friday.

Posted-In: Stocks To WatchEarnings News Pre-Market Outlook Markets Trading Ideas





When Will The Left Come For You?

Courtesy of ZeroHedge. View original post here.

Via JC Collins of Philosophy of Metrics.com,

First they came for the Socialists, and I did not speak out—
Because I was not a Socialist.
Then they came for the Trade Unionists, and I did not speak out—
Because I was not a Trade Unionist.
Then they came for the Jews, and I did not speak out—
Because I was not a Jew.
Then they came for me—
And there was no one left to speak for me.

– From the Postwar War Anti-Nazi Lectures of Protestant Pastor Martin Niemöller.

From a philosophical perspective I dislike breaking topics down into left and right ideologies. It minimizes and degenerates meaningful conversation into well rehearsed diametrical talking points which do little but entrench and promote ongoing political and social conflict. There have been some articles published which both use and explore these opposing positions, but the focus remains on the semi-engineered outcomes which are expected from such a left vs right political and socioeconomic paradigm.

The term semi-engineered is used for the first time here and is reflective of an allowable and flexible margin related to an unpredictable human quality which exerts itself on all events and situations. The intent is to ensure that the actions and reactions of the electoral body remain predictable. The semi-engineered aspects take these human nature qualities into account and prepares strategies which flow to “natural” and “organic” outcomes. These join other terms such as “grassroots” to make up the talking points of the modern political lexicon.

The Western systems of governance and education hammer the left and right ideologies through the use of mainstream media and alternative media, while using the bricks and mortar institutions of wisdom and learning as a degenerative weapon meant to promote and perpetuate the continued fragmentation and division of the electoral demographic composition.

The argument can be made that this semi-engineering is a product of both extensive conspiratorial planning as well as the human predisposition to avoid change and stick with the known. Conspiratorial planning is not as difficult to define and accept as we have been conditioned to believe. The socioeconomic and geopolitical strategy of “divide and conquer” has been a part of the worlds history as much as anything else. It is more probable that conspiratorial groups of likeminded


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Visualizing The US Debt Ceiling (In $100 Bills)

Courtesy of ZeroHedge. View original post here.

The United States owes a lot of money. For now, there is no debt ceiling – it has been suspended – but in 10 days that changes, and who knows what happens then.

For some context as to just how much money the US owes – and what the debt ceiling looks like – Demonocracy is back

One Hundred Dollars

$100 – Most counterfeited money denomination in the world.
Keeps the world moving.

Ten Thousand Dollars

$10,000 – Enough for a great vacation or to buy a used car.
Approximately one year of work for the average human on earth.

One Million Dollars

$1,000,000 – Not as big of a pile as you thought, huh?
Still, this is 92 years of work for the average human on earth.

One Hundred Million Dollars

$100,000,000 – Plenty to go around for everyone.
Fits nicely on an ISO / Military standard sized pallet.

The couch is made from $46.7 million of crispy $100 bills.

$100 Million Dollars = 1 year of work for 3500 average Americans

Here are 2000 people standing shoulder to shoulder, looking for a job.
The Federal Reserve’s mandate is to maintain price stability and low unemployment.
The Federal Reserve prints money based on the assumption that increasing money supply will boost jobs.

One Billion Dollars

$1,000,000,000 – You will need some help when robbing the bank.
Interesting fact: $1 million dollars weighs 10kg exactly.
You are looking at 10 tons of money on those pallets.

One Trillion Dollars

$1,000,000,000,000
The 2011 US federal deficit was $1.412 Trillion – 41% more than you see here.

If you spent $1 million a day since Jesus was born, you would have not spent $1 trillion by now…
but ~$700 billion- same amount the banks got during bailout.

One Trillion Dollars

Comparison of $1,000,000,000,000 dollars to a standard sized American Football field.

Say hello to the Boeing 747-400 transcontinental airliner that’s hiding in the back. This was until recently the biggest passenger plane in the world.

You can see the White House with both wings to the right.

“My reading of history convinces me that most bad government results from too much government.” – Thomas Jefferson

US Debt Ceiling – $20+ Trillion in 2017


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Weekly Market Recap Mar 5, 2017

Courtesy of Blain.

Hello readers! Please note…

This week’s recap is sponsored by Born To Sell – “Earn extra income on stocks you own with our covered call screener and portfolio management software.”

———————

A very busy week indeed!

Trump has basically turned into the new Ben Bernanke – whatever he whispers the market takes as face value as bullish and runs up.  We saw that Wednesday after the address to Congress where there was a big spike the following day.

In what many saw as a rather reserved speech, the U.S. president said he would push for around $1 trillion in infrastructure spending, and promised “massive tax relief” for the middle class and tax cuts for corporations. Otherwise, the speech was lacking in firm details about his economic plans.

However, with averages SO extended over any moving average it was very difficult for bulls to build on that push up as we have the “rubber band effect” where indexes can only go so far from their trend.

Last week we showed that the S&P 500 had been so strong in February that is had been riding the 5 day moving average almost the entire month.   Tuesday of this past week was the first close below the 5 day in nearly 4 weeks.  Then Wednesday we had a spike back above.  Another concept some technicians use is “Bollinger bands” which I included in the chart below in red.  This is to represent the “rubber band effect” – once an index price detaches so far from even something so aggressive as the 5 day moving average it is very difficult to really build on that.  So Wednesday you can see the S&P 500 hit the top bollinger band and then fell back.  Just another fun feature for those who like other indicators.

Another major news story of the week was the IPO of Snap , the parent company of SnapChat – making another billionaire out there; one who dates Miranda Kerr.  It’s a good life for a company that didn’t have a dollar of revenue until…2015.  And had humble beginnings as a…
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How The Cultural Marxists Of The Frankfurt School Subverted American Education

Courtesy of ZeroHedge. View original post here.

Via Beau Albrecht of ReturnOfKings.com,

Perhaps you’ve wondered why so many college professors are so left-wing.  In your freshman year, you might have noted with dread—as I did—some of your fellow students “going with the flow” and molding their beliefs to fit in.  Perhaps one of them was you, before you grew up and snapped out of it!  The Frankfurt School is the answer to why so many universities are Social Justice Warrior factories.

The origins of the Frankfurt School

Institute for Social Research

The Institute for Social Research, associated with the Frankfurt School

They began as a Communist think tank at the Goethe University Frankfurt.  They noted that the masses didn’t rise up during the First World War to overthrow capitalism; instead, the citizens fought for their countries.  Only Russia became Communist, a place they didn’t expect Communism to take hold.  Since they took the writings of Marx as gospel, all this was quite shocking.  They decided they needed to prepare the way by breaking down traditional social ties—country, family, and religion—and afterwards the masses would embrace rule by a global Communist state.  That’s not working out too well lately, but all that’s another story.

They found themselves unwelcome in Germany during the 1930s, and one of the two reasons was that all of them were Communists.  They moved to the USA, settling down in Columbia University.  How did they repay the country that gave them refuge?  By subverting it, of course.  If all this sounds like McCarthyist alarmism, note that the Communists themselves claim them.

Because the proletariat just wasn’t interested in revolution, they rebranded Communism, taking out the elements of class struggle, and adding contributions from Freudian theory.  This was a mistake; Communism emphasized hard work and heroism; that much is respectable even if the rest of the ideology is badly flawed.  If you compare the Motherland Calls statue to Trigglypuff, you’ll understand.

How cultural Marxism took root

hippie

“You see, what Antonio Gramsci called ‘hegemony’ is, like, the value system of the Establishment, man! So don’t trust anyone over thirty, dig?”

They had two strategies:  ensconcing themselves into academia, and the criticism of society (hence “critical theory”).  Ultimately, this meant ideological subversion and basically badgering society to death.  (It seems incredible that


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“It’s A Declaration Of War”: South Africa’s President Calls For Confiscation Of White Land

Courtesy of ZeroHedge. View original post here.

After South Africa’s embattled president Jacob Zuma pledged, in a surprising address to parliament one month ago, to break up white ownership of business and land to reduce inequality (in a State of the Nation address which was disrupted by a fistfight), it now appears that Zuma’s intentions to convert what was until recently Africa’s most prosperous economy into a new Zimbabwe were all too real, and as the Telegraph reports, the South African president officially called on parliament to change South Africa’s constitution to allow the expropriation of white owned land without compensation.

Zuma, 74, who made the remarks in a speech on Friday morning, said he wanted to establish a “pre-colonial land audit of land use and occupation patterns” before changing the law.

We need to accept the reality that those who are in parliament where laws are made, particularly the black parties, should unite because we need a two-thirds majority to effect changes in the constitution,” he said.

In recent months, Zuma, who has lurched from one scandal to another since being elected to office in 2009, has adopted a more populist tone since his ruling African National Congress (ANC) party suffered its worst election result last August since the end of apartheid in 1994. The party lost the economic hub of Johannesburg, the capital Pretoria and the coastal city of Port Elizabeth to the moderate Democratic Alliance party, which already held the city of Cape Town.

The ANC is also under pressure from the radical Economic Freedom Fighters, led by Julius Malema. Malema has been travelling the country urging black South Africans to take back land from white invaders and “Dutch thugs”. He told parliament this week that his party wanted to “unite black people in South Africa” to expropriate land without compensation.

“People of South Africa, where you see a beautiful land, take it, it belongs to you,” he said. Although progress has been made in transferring property to black South Africans, land ownership is believed to be skewed in favour of whites more than 20 years after the end of apartheid. The Institute of Race Relations, an independent research body, said that providing a racial breakdown of South Africa’s rural landowners was “almost impossible.”

“In the


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Phil's Favorites

Overpriced tech IPOs sell grand visions but aren't worth their valuations

 

Overpriced tech IPOs sell grand visions but aren't worth their valuations

rblfmr / Shutterstock.com

Courtesy of John Colley, Warwick Business School, University of Warwick

The year of the tech IPO is 2019. Uber went public on May 10 with a US$82.4 billion valuation. Fellow ride-sharing app Lyft floated in March with a U$24 billion valuation and Pinterest had a US$10 billion IPO in April...



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Zero Hedge

Futures Slides As Trade Tensions Escalate

Courtesy of ZeroHedge. View original post here.

S&P futures were lower on Wednesday as investors sought safety in bonds, the Japanese yen and Swiss franc in muted trade amid renewed worries over the U.S.-China spat after reports Washington is considering cutting off the flow of American technology to as many as five Chinese companies including Hangzhou Hikvision Digital Technology, the world's largest supplier of video surveillance products, expanding the US crackdown on China beyond Huawei to include world leaders in video surveillance. The dollar and 10Y yield were unchanged ahead of today's FOMC Minutes.

...



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Kimble Charting Solutions

Emerging Markets About To Submerge If 3-Year Support Breaks?

Courtesy of Chris Kimble.

Are Emerging Markets about to “Submerge” and head a good deal lower? What they do at (3) will go a long way in answering this question!

Emerging Markets ETF (EEM) has been lagging the broad market for the past 15-months. They hit their 50% retracement level of the last year’s highs and lows and falling resistance at (2) recently. The weakness of last has EEM trading below its 200-MA line.

EEM has spent the majority of the past 3-years inside of rising channel (1), which reflects that this trend remains up. The weakness of late has it testing the bo...



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Insider Scoop

Amgen To Buy Danish Collaborator Nuevolution For $167M

Courtesy of Benzinga.

Amgen, Inc. (NASDAQ: AMGN) took a logical step forward in buying a preclinical biotech it has been collaborating with since 2016. 

What Happened

Amgen announced Wednesday an agreement to buy Copenhagen-based Nuevolution for $167 million.

Th...



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Chart School

Weekly Market Recap May 18, 2019

Courtesy of Blain.

China – U.S. trade talk continued to dominate the week.   A heavy selloff Monday was followed by 3 up days, with Friday moderately down.

On Monday, Chinese officials announced retaliatory tariffs against the U.S., hitting $60 billion in annual exports to China with new or expanded duties that could reach 25%.

Then on Wednesday:

The Trump administration plans to delay a decision on instituting new tariffs on car and auto part imports for up to six months, according to media reports.

...

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Digital Currencies

Cryptocurrencies are finally going mainstream - the battle is on to bring them under global control

 

Cryptocurrencies are finally going mainstream – the battle is on to bring them under global control

The high seas are getting lower. dianemeise

Courtesy of Iwa Salami, University of East London

The 21st-century revolutionaries who have dominated cryptocurrencies are having to move over. Mainstream financial institutions are adopting these assets and the blockchain technology that enables them, in what ...



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Biotech

DNA as you've never seen it before, thanks to a new nanotechnology imaging method

Reminder: We are available to chat with Members, comments are found below each post.

 

DNA as you've never seen it before, thanks to a new nanotechnology imaging method

A map of DNA with the double helix colored blue, the landmarks in green, and the start points for copying the molecule in red. David Gilbert/Kyle Klein, CC BY-ND

Courtesy of David M. Gilbert, Florida State University

...



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ValueWalk

More Examples Of "Typical Tesla "wise-guy scamminess"

By Jacob Wolinsky. Originally published at ValueWalk.

Stanphyl Capital’s letter to investors for the month of March 2019.

rawpixel / Pixabay

Friends and Fellow Investors:

For March 2019 the fund was up approximately 5.5% net of all fees and expenses. By way of comparison, the S&P 500 was up approximately 1.9% while the Russell 2000 was down approximately 2.1%. Year-to-date 2019 the fund is up approximately 12.8% while the S&P 500 is up approximately 13.6% and the ...



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Members' Corner

Despacito - How to Make Money the Old-Fashioned Way - SLOWLY!

Are you ready to retire?  

For most people, the purpose of investing is to build up enough wealth to allow you to retire.  In general, that's usually enough money to reliably generate a year's worth of your average income, each year into your retirement so that that, plus you Social Security, should be enough to pay your bills without having to draw down on your principle.

Unfortunately, as the last decade has shown us, we can't count on bonds to pay us more than 3% and the average return from the stock market over the past 20 years has been erratic - to say the least - with 4 negative years (2000, 2001, 2002 and 2008) and 14 positives, though mostly in the 10% range on the positives.  A string of losses like we had from 2000-02 could easily wipe out a decades worth of gains.

Still, the stock market has been better over the last 10 (7%) an...



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Mapping The Market

It's Not Capitalism, it's Crony Capitalism

A good start from :

It's Not Capitalism, it's Crony Capitalism

Excerpt:

The threat to America is this: we have abandoned our core philosophy. Our first principle of this nation as a meritocracy, a free-market economy, where competition drives economic decision-making. In its place, we have allowed a malignancy to fester, a virulent pus-filled bastardized form of economics so corrosive in nature, so dangerously pestilent, that it presents an extinction-level threat to America – both the actual nation and the “idea” of America.

This all-encompassing mutant corruption saps men’s souls, crushes opportunities, and destroys economic mobility. Its a Smash & Grab system of ill-gotten re...



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OpTrader

Swing trading portfolio - week of September 11th, 2017

Reminder: OpTrader is available to chat with Members, comments are found below each post.

 

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...



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Promotions

Free eBook - "My Top Strategies for 2017"

 

 

Here's a free ebook for you to check out! 

Phil has a chapter in a newly-released eBook that we think you’ll enjoy.

In My Top Strategies for 2017, Phil's chapter is Secret Santa’s Inflation Hedges for 2017.

This chapter isn’t about risk or leverage. Phil present a few smart, practical ideas you can use as a hedge against inflation as well as hedging strategies designed to assist you in staying ahead of the markets.

Some other great content in this free eBook includes:

 

·       How 2017 Will Affect Oil, the US Dollar and the European Union

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About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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About Ilene:

Ilene is editor and affiliate program coordinator for PSW. She manages the site market shadows, archives, more. Contact Ilene to learn about our affiliate and content sharing programs.

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