Credit Bubble Stocks

I've been saying that there are no evergreen investment strategies that will always work . As I said in that essay, having your investm...

"In a tribute to the tailwind of a bull market, Fama’s emergence from disrepute was enough to earn him a share of this year’s prize. B...

Today, Eastman Kodak emerged from bankruptcy . The confirmed plan wiped out the existing common stock, which was cancelled. "On Septe...

New paper : "The strategy of buying safe low-beta stocks while shorting (or underweighting) riskier high-beta stocks has been shown t...

Latest from GMO [pdf]: "Modigliani-Miller’s theory on capital structure irrelevance provides a model for explaining corporate profit...

Quantitative Trading posted a link to a paper about using option volatility smirk as a way to pick longs and shorts called "What Does ...

A new paper (February 2013), "Short interest, returns, and fundamentals" , by Ferhat Akbas, Ekkehart Boehmer, Bilal Erturk, and So...

From "Does the Stock Market Underreact to R&D Increases?" by Allan Eberhart, William Maxwell, and Akhtar Siddique, "We...

First is "Institutional Investors’ Investment Durations and Stock Return Anomalies: Momentum, Reversal, Accruals, Share Issuance and R...

In my previous post , I mentioned the institutional owners of Suntech who own stock in a company with bonds yielding 500-1000% to maturity. ...

One of my themes is something I call the "worthless stock inefficiency". I've done seven posts about this: [ 1 , 2 , 3 , 4 , 5...

As Whitebox Selected Research writes, "The Basic Pillar of Modern Finance has Fallen". A study by Robet A. Haugen and Nardin L. ...

This statistical analysis of bankrupting stocks is consistent with the research we've been doing on the worthless stock inefficiency: ...

This is from an article on "thestreet.com" called "5 Stocks Under $10 Set to Soar" . Before we start, raise your hand if...

Here is a market inefficiency for you. Chesapeake Energy has two different publicly traded preferred stocks , both with a face value of $100...

The paper is called "Maxing Out: Stocks as Lotteries and the Cross-Section of Expected Returns" , and is in the same vein as our p...

"How efficiently do financial markets process news of unexpected events? [W]e examine an unusual episode involving a false news report ...

From Falkenblog .

Some more notes about the worthless stock inefficiency : The SEC’s 2003 annual report [ pdf ] talks about their campaign against worthless ...