Warren Buffett released his annual letter to Berkshire Hathaway’s (NYSE: BRK.A) shareholders. As a shareholder and avid investor, his letters are my one must-read source of investing wisdom each year. If I could read only one piece each year on investing, it would be Buffett’s annual letter. When he’s no longer writing them, I’ll re-read them from past years.
NEW YORK, NY – JANUARY 27: Bill Gates and Warren Buffett speak with journalist Charlie Rose at an event organized by Columbia Business School on January 27, 2017 in New York City. Gates and Buffett spoke on a range of topics including their friendship, business, philanthropy, global health, innovation, and leadership. (Photo by Spencer Platt/Getty Images)
This year he took to task investment fees. He foreshadowed his view on fees early in his letter. When the market suffers major declines, he said we should not forget two things: “First, widespread fear is your friend as an investor, because it serves up bargain purchases. Second, personal fear is your enemy. It will also be unwarranted. Investors who avoid high and unnecessary costs and simply sit for an extended period with a collection of large, conservatively-financed American businesses will almost certainly do well.” (italics are Mr. Buffett’s; the bold is mine.)
best penny stock: Gordmans Stores, Inc.(GMAN)
- [By WWW.THESTREET.COM]
Just in the past few weeks, Wall Street has seen bankruptcy filings from sporting goods retailer Gander Mountain, RadioShack successor General Wireless Operations, everyday value price department store operator Gordmans Stores (GMAN) and appliances, electronics and furniture retailer HHGregg (HGG) . Last Wednesday, children’s apparel retailer Gymboree cautioned it was running low on cash and may not survive. Sears Holdings Corp. (SHLD) voiced concerns on Tuesday about its ability to stay in business, while women’s apparel chain Bebe (BEBE) is reportedly on the brink of closing all 170 of its stores.
- [By Peter Graham]
A long term performance chart shows Five Below at least remaining in positive territory while off-price or value price retailer peerlarge capRoss Stores, Inc (NASDAQ: ROST) has outperformed for a few years and small capGordmans Stores, Inc (NASDAQ: GMAN) has severelyunderperformed:
best penny stock: Media General, Inc.(MEG)
- [By Monica Gerson]
Media General Inc (NYSE: MEG) is estimated to report its quarterly earnings at $0.04 per share on revenue of $340.17 million.
National Health Investors Inc (NYSE: NHI) is expected to post its quarterly earnings at $1.17 per share on revenue of $57.82 million.
best penny stock: Imprivata, Inc.(IMPR)
- [By Lisa Levin]
Shares of Imprivata Inc (NYSE: IMPR) got a boost, shooting up 31 percent to $19.01 as the company reached a definitive deal to be bought by an affiliate of Thoma Bravo, LLC, a private equity firm, for $544 million
best penny stock: CSI Compressco LP(CCLP)
- [By Lisa Levin]
CSI Compressco LP (NYSE: CCLP) shares dropped 15 percent to $7.90. CSI Compressco lowered its quarterly cash distribution to $0.1875 per outstanding common unit. CSI Compressco is expected to release its Q1 earnings results on Tuesday, May 9, 2017.