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Newspaper Chains McClatchy, Lee May Be Worth Nothing
Hey, Brandes LOVED this stock. They bought millions of shares. Has to be a major value play.— May 14, 2009 7:54 a.m.
End of Yet Another Era: Burl Stiff to depart the Union-Tribune June 4
No more $10 million halloween parties and $50,000 dresses being reported. Oh, the agony.— May 11, 2009 9:36 a.m.
Brandes Extremely Bullish. But Is That Comforting?
Reply to #17 - Nothing illegal about losing money, just poor decisions. Apparently they thought that a great place to pour Billions of hard earned client dollars was in dying industries like newspapers, homebuilders, leveraged banks and mortgage companies, and the hot hot hot market of autos. I am sure that clients love paying fees for this type of guru stock picking.— April 23, 2009 11:48 a.m.
San Diego Unemployment Soars to 9.3%. County Loses 44,600 Jobs over Year
Real Estate is going to plunge way further given that there are no jobs in San Diego. Biowreck is moving to India in droves where PhD Scientists can be had for $12,000 a year. Construction is done. Tourism is super bad. Ask anyone with a rental in Solana Beach or Del Mar. You cannot rent the darn thing. Finance jobs are gone. The city is in danger of becoming a Third World Country with illegals and the mega wealthy. Really no place to live. Yeah the weather is nice blah blah blah but the place wears on you with the smog, high cost of living, rushed mentality and me me me culture.— April 19, 2009 10:28 p.m.
Recent Good News Really Isn't So Great, Say Two Pros
What does this say about our Future? If you get a great education and still cannot even aspire to middle class? Sad, but I think America's best days are over.— April 16, 2009 2:49 p.m.
Brandes Extremely Bullish. But Is That Comforting?
Reply to #14 - Would have been better off in a money market versus supporting the Ferrari lifestyle. Like I said, the best way to make money is OFF the market, not in it. The HOUSE always wins. They should move Wall St to Vegas.— April 16, 2009 6:55 a.m.
Brandes Extremely Bullish. But Is That Comforting?
Reply to #12 Pull up any of the Performance Portfolios and it lists the # of accounts. It is dropping like a bad transmission.— April 15, 2009 1:44 p.m.
Brandes Extremely Bullish. But Is That Comforting?
They claim that they are not losing clients and that most of the losses are due to market declines (see stability report).. but look at some of these drop-offs: INTERNATIONAL 5617 Accounts in 1998 to 1809 now. US VALUE 796 Accounts in 2004 to 339 now. GLOBAL 4464 Accounts in 2001 to 1627 now. WOW! Yet they claim this in their report: "Declines in global markets have affected our firm. Our assets under management (“AUM”) fell from $111.6 billion on 12-31-07 to $52.9 billion on 12-31-08. However, the majority of the losses within our portfolios during 2008 came from market attrition, not from client outflow."— April 15, 2009 8:52 a.m.
Brandes Extremely Bullish. But Is That Comforting?
Here is Performance Link... http://www.brandes.com/Inv/Pages/Performance.aspx— April 15, 2009 7:57 a.m.
Brandes Extremely Bullish. But Is That Comforting?
Don, They just posted their stunning (in a bad way) results for 1Q and it has total firm assets listed on each list of $33B. Stuff like U.S. Value is down 80% in 18 months. Some margin of safety. Wonder what kind of halloween bash we will see this year? They could post statements in a room and call it the ROOM OF HORRORS. Go to their site....www.brandes.com and performance Open up any of the funds performance and you will see the firm's assets....enjoy.— April 15, 2009 7:55 a.m.