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Author Archives: dlaidlaw
Facebook’s IPO
Facebook plans to sell its shares to the public this spring. This Initial Public Offering (IPO) will be the largest ever and signals the most exciting offering since Google went public in 2004. Facebook is the largest social media company by a … Continue reading
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Normalized Market or Response to Stimulus?
The equity markets enjoyed their best first quarter returns since 1998. While the Dow Jones posted a “modest” 8% increase, the NASDAQ surged 18%. Apple’s stock appreciated an astounding 47% during the first three months of the year and surpassed $500billion … Continue reading
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Varian
We bought Varian Medical Systems, Inc. (VAR) in client accounts last month. VAR designs, manufactures, sells and services linear accelerators for cancer radiotherapy and radiosurgery. The company also sells software for the accelerators and parts used in X-Ray technology such as tubes and … Continue reading
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Strategic v. Tactical Money Management
Money management styles are often categorized as either strategic or tactical. Strategic investment managers position portfolios for their clients in various categories such as asset classes or industry sectors to benefit from the returns available in those categories. Tactical managers … Continue reading
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Floating Rates… Why?
On May 2nd, the US treasury may detail plans for issuing floating rate bonds. The floaters will most likely have maturities of 1 to 3 years with coupons that reset periodically based on a short-term benchmark, e.g. the federal funds … Continue reading →