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Tag Archives: Ellsworth Convertible

One Man's Trouble…

Is another’s opportunity! Yesterday, rumors rippled through Wall Street that a couple of hedge funds had run into financial difficulty. Ain’t that a shame?
Hedge funds, with their testosterone-crazed kid managers and ridiculously overindebted balance sheets, have caused a lot of unnecessary volatility in financial markets over the past few years. If a handful of them blow up, it’s all to the good, I say.

One Man’s Trouble…

Is another’s opportunity! Yesterday, rumors rippled through Wall Street that a couple of hedge funds had run into financial difficulty. Ain’t that a shame?
Hedge funds, with their testosterone-crazed kid managers and ridiculously overindebted balance sheets, have caused a lot of unnecessary volatility in financial markets over the past few years. If a handful of them blow up, it’s all to the good, I say.

May 2005 Issue & Supplement

In this month’s visit, I’ll give you a close-up view of these world-class This month, I’ll show you how to make the smartest use of any further “down time” Mr. Market may grant us in the next few weeks. More and more bargains are turning up on my radar screen, including a brand-new name for us: one of the world’s largest and best-run management-consulting firms, now at a whopping 50% discount to my estimated share price three to four years out. Yet I’ll bet you’ve never heard of the stock. (There’s a curious reason why.)

May 2005 Issue & Supplement

In this month’s visit, I’ll give you a close-up view of these world-class
This month, I’ll show you how to make the smartest use of any further
“down time” Mr. Market may grant us in the next few weeks. More and
more bargains are turning up on my radar screen, including a brand-new
name for us: one of the world’s largest and best-run management-consulting firms, now at a whopping 50% discount to my estimated share price three to four years out. Yet I’ll bet you’ve never heard of the stock. (There’s a curious reason why.)

CONVERTIBLE UPDATE

Several readers have alerted me that Vanguard has closed its convertible fund to new investors. My apologies for missing this development. Frankly, it never occurred to me that Vanguard might shutter a fund with only $1 billion of assets. But they did.