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-- -- President Obama tap the strategic petroleum reserve back in June it didn't do much to bring prices down President Bush did it bush 43 -- -- after Katrina bush.
41 did it during the Persian gulf war but does that really the answer -- this brought.
Now because what ends up happening is the market self correct over time.
I think we're making too much of this oil direction -- is likely gonna go lower before cause higher from here.
Because there isn't the demand to support the price right now you'll have marginal wells Begin producing which will actually increase the supply.
Everybody will get into the market -- that becomes your self correcting mechanism over time it's the fear trade right now.
Investors and speculators are putting on those trades right now through.
The commodity indexes but they're also buying the physical.
The physical oil as well speculating that's gonna trend.
And by the way some speculators folks may very will be here fund manager -- your pension managers.
Pensions are now buying energy as as a trade there -- -- to it's just that it's no longer sort of the market players like the big way integrated oils in the actual oil traders who would.
Take possession of barrels of oil and nobody's doing that anymore are let's talk about investing style right now because there are real opportunities.
I found it fascinating to hear our traders simply say that they're still so much cash on the sidelines all these people who worked for cats are they relate to the party.
Well they're not late but but they've certainly missed a good rally it's like any good rally you don't know that you're -- -- had a substantial move -- and everybody looks back and says wow look at where we've come right now we need to get in on this.
This is a party that not a lot of people have been invited to so -- so far.
Mutual fund flows have been negative in pattern equities still all year it's extraordinary to me that the average man on the street is still putting his money.
In the mantra -- I tweeted atlas claimant.
I tweeted that we were going to teach people how to spot takeover targets because when a stock is our company is taken over by another company.
More often than not that stock rises your records on believable in the past two years how many names that you -- have been takeover targets.
Well -- -- an outstanding team of professionals behind me of analysts and portfolio managers who do this work.
It over two years 21 that's big money.
OK let's talk about how to -- -- takeover market.
We look for companies that leave that that are dominant players in this specific niche that are extremely well -- you -- real estate location location location.
You buy a medium to small sized company it's all about management you want to buy companies with modest leverage on the balance sheets and good solid cash flow as well.
The best measure return on invested capital as we look at because that's the score card that management that we.
That we can gauge for how good management is is how the deploying capital in the northeast generally not met that -- -- big names that are looking now at middle happening yes I'd say they they they range from ten billion of market cap.
Million -- market cap.
So again we have a very interesting environment right now where the largest cap companies comprising the S&P which the with the with the biggest -- example being.
Apple with more than a hundred billion of cash on their balance sheet and no debt.
You know there and they're probably not likely to make a lot of acquisitions but other companies are and they're -- by the medium sized to smaller sized companies they pick up.
A dominant share in a particular -- that they're probably not in right now it's definitely cheaper for them to.
Get in through an acquisition vs try to compete.
By the way we're gonna put cans checklist up on FaceBook dot com slash was claimants so in case you weren't able to write those ideas down but this great record.
Companies that he's -- have been --
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