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Value Traps James Chanos Spring 2012.pdf
- Last week Jim Chanos gave a great 28-page presentation (download below) about classic “value investing traps” at ValueX conference, in Vail.
In the presentation, the legendary short-seller, founder of Kynikos Associates, singles out several stocks that he thinks meets the “value trap” definition for various reasons. Among those are Consol Energy (CNX), Petrobras (PBR), Hewlett-Packard (HPQ), Coinstar (CSTR), Banco Santander (SAN), and Australian-based Fortescue (FMG). According to him, all these look like “value” stocks but are not.
On Petrobras, he cites government intervention, huge capex program, and poor management. As to Santander, he says its exposure to Spanish real estate is a huge liability. In addition, he notes, “Santander’s exposure to Brazil is a headwind, not a panacea” to its problems.
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Water quality and holding capacity of intensive and semi-intensive milkfish (Chanos chanos) ponds.pdf
- Waterquality holdingcapacity intensiveandsemi-intensive milkfish (Chanos chanos) pondsNeila S. Sumag
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dietary pyridoxine protects against stress and maintains immunohaematological status in chanos chanos exposed to endosulfan.pdf
- dietary pyridoxine protects against stress and maintains immunohaematological status in chanos chanos exposed to endosulfan
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phosphorus digestibility and excretion of different-sized groups of milkfish (chanos chanos forsskal) fed formulated and natural food-based diets - sumagaysay-chavoso.pdf
- phosphorus digestibility and excretion of different-sized groups of milkfish (chanos chanos forsskal) fed formulated and natural food-based diets - sumagaysay-chavoso
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The lamellae-free-type pseudobranch of the euryhaline milkfish (Chanos chanos) is a Na , K -ATPase-abundant organ involved in hypoosmoregulation.pdf
- The lamellae-free-type pseudobranch of the euryhaline milkfish (Chanos chanos) is a Na , K -ATPase-abundant organ involved in hypoosmoregulation
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A complex of Cardicola Short, 1953 (Digenea_Aporocotylidae) species infecting the milkfish Chanos chanos Forssk_l (Gonorynchiformes), with descriptio.pdf
- A complex of Cardicola Short, 1953 (Digenea_Aporocotylidae) species infecting the milkfish Chanos chanos Forssk_l (Gonorynchiformes), with descriptioA,of,la,ae,ae,i n,aporo,coty
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content of milkfish chanos chanos (forssk aring;l, 1775) cultured semi-intensively during the wet and dry season in brackish ponds in the philippines - k uuml;hlmann.pdf
- content of milkfish chanos chanos (forssk
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Hatchery-Produced Milkfish (Chanos chanos) Fry should be Fed….pdf
- Hatchery-Produced Milkfish (Chanos chanos) Fry should be Fed…
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Analisis Kandungan Timbal (Pb) pada Ikan Bandeng (Chanos….pdf
- Analisis Kandungan Timbal (Pb) pada Ikan Bandeng (Chanos…
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China 2012 The Year of the Bull (Rogers) or the Bear (Chanos).pdf
- China 2012 The Year of the Bull (Rogers) or the Bear (Chanos)
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向豆丁求助：有没有Chanos?
