Archive for July, 2008

One of my favorite investment axioms is “try to be fearful when others are greedy, and greedy when others are fearful.” Today you would be hard pressed to find a stock with more fear surrounding it than Russian Steelmaker Mechel (MTL). The Fear Mechel was obliterated when Putin suggested last Thursday that ...

Mechel (MTL) - No Comments »

Mechel tumbled 38 % today after Russia “Prime Minister” (more like ex–KGB autocrat) Vladimir Putin said that the Russian Anti Monopoly Service should pay special attention to the fact that Mechel has been selling its raw materials for twice as much domestically. This is bad news for the company’s chief ...

Mechel (MTL) - No Comments »

The airlines are in trouble – no doubt about that. The airlines operating in the US are facing legacy costs in the form of pensions, rising fuel prices (fuel is 60% of operating costs for airlines), and a weakening consumer. Yes things are bleak for the airlines of the United ...

Boeing (BA) - No Comments »