Michael Todd Price

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• A Silver Producer Warren Buffet Would Love

  By Michael Todd Price - September 3, 2012 | Tickers: SLW

  Most value investors choose to ignore the macro arguments for buying gold and silver, deciding to stick to a bottoms-up approach that has been used successfully for three quarters of a century. This strategy, without a doubt, works; however, at times it leads to multiple years of low absolute and relative returns.

  One way to hedge against this is to search for great businesses at great prices in the industries more »

• A Goldman Snafu?

  By Michael Todd Price - March 14, 2012 | Tickers: GS, NES.DL

  The biggest news on the Street today is the letter from a now-former Goldman Sachs (NYSE: GS) vice president announcing in the New York Times why he was quitting. Goldman is down more than three percent on the news and it seems like it may be a good time to look at the stock.

  The Story

  The letter was written by Greg Smith, who calls himself an executive director (though more »

• How to Profit from Product Backlashes

  By Michael Todd Price - March 8, 2012 | Tickers: BAC, GS, NFLX

  Every time Facebook makes a change to their site I take 15 minutes and prepare myself for the next two weeks of annoyance. I usually don’t have a problem with the changes to the site – the Facebook engineers are pretty smart and tend to make simplifying changes; I have a problem with the mass of people constantly complaining about the change.

  They aren’t complaining about the actual product more »

• Betting on the Jockeys

  By Michael Todd Price - March 6, 2012 | Tickers: BH, FRFHF.PK

  One of the best ways to protect ones investments during market drops is to focus investments in companies that are run by great capital allocators. Not only is the company likely to be run better and have less risky assets but the management is also better able to find and pick up cheap new assets during the market drop.

  Below I will discuss two of my favorite ‘jockey’ investments.

  Biglari more »

• Why Apple Might be a Bargain at $500 Billion

  By Michael Todd Price - March 2, 2012 | Tickers: AAPL |

  Over the past few months Apple’s (NASDAQ: AAPL) most recent surge has not only pushed its market cap above the combined value of Microsoft and Google but has also made it more valuable than the entire country of Poland, so there's a pretty cool fun fact.

  So, it's obviously overvalued and headed for a tumble and a decade of obscurity, much the same as when Cisco breached more »

• The Potential of Binary Plays

  By Michael Todd Price - March 1, 2012 | Tickers: APL, BBRY, KSWS

  Everybody knows about Warren Buffett’s decree that if he still managed less than $1,000,000 he could return over 50% per year. One way I believe individual investors can strive to achieve this lofty goal is through devoting a typically small part of one’s portfolio to a form of speculation I call Binary Plays.

  I call them this because the company’s stock usually hinges on a more »

• Amazon Should Buy Netflix

  By Michael Todd Price - February 28, 2012 | Tickers: AMZN, NFLX

  Name a first-mover and still industry-leading web company that supposedly stumbled when its maverick CEO sacrificed short-term numbers to put the company in the best possible long term position. Does Netflix (NASDAQ: NFLX) come to mind? It definitely fits into this mold, but Amazon.com (NASDAQ: AMZN), which is an industry leader and first mover, has also repeatedly sacrificed the short term to position itself in the long term at more »