Its been a while since I posted. Much has happened, and I've been very busy. I consider myself very lucky, as I had been eying BearStearns for a while now, but luckily I did not get in. Wow, the 5th largest investment company in the US is basically insolvent. We are in a lot of trouble.
From what I understand, they have been in a 1:30 margin with their bets on these mortgages. Now all that money is gone, and so it appears is the company.
I wonder if my accounts at my brokerages are in trouble. I will have to look into that.
Anyway, Dorfman was big on BSC and he must have gotten killed on it. But he is back with a new set of picks, and I wanted to note them to see how they do:
CMC - Commercial Metals
OSG - Overseas Shipholding Group
AZN - Astrazeneca
COLM - Columbia Sportswear
DVN - Devon Energy
GS -Goldman Sachs
MTN(short) - Vail Resorts
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