Cut One-Third of My Yen Position

I've been long Yen/short dollars waiting for a sudden unwinding of the famous Yen carry trade.  With the move from 121 to 115 last week and Monday I decided to cut my position buying back my short yen around 115.6.  I plan to put it back on if it seems the fear around the Yen…

Top Child Care Programs

National Children's Facilities Network (NCFN) – The National Children’s Facilities Network is a coalition of nonprofit financial and technical assistance intermediaries involved in planning, developing, and financing facilities for low-income child care and Head Start programs.  Members come from all areas of the United State, and some are the leading sources of thinking on private-public…

Ethanol: Down But Not Out (Part Two)

It is apparent that, when considering the growth in the ethanol industry as of late (there is currently twice as much manufacturing capacity under construction in the U.S. than is currently online), the industry could be heading for severe overcapacity.  So why do these refineries continue to get built at such a rampant pace with…

The Most Overlooked Investment

While I cringe at categorizing child care (a.k.a. early childhood development programs) as a “women’s issue,” the rest of society seems to classify it as such. Yet evidence presented by the Federal Reserve Bank of Minneapolis indicates that investments in high quality child care and early education programs outperform anything that can be achieved in…

SOLF – Cheap Chinese Takeaway

As I pointed out in the note on Canadian Solar (CSIQ), U.S. listed photovoltaic (PV) companies based in China are experiencing a significant sell-off after the Shanghai Composite index tumbled 9% on February 27. I feel that the drop in China-based solar stocks has been exaggerated, creating some buying opportunities. The fate of China-based PV…

KKR, the Almighty Savior?

In a way, the same Wall Street leverage-buyout magnate that exceedingly overpaid for RJR Nabisco almost 20 years ago can be viewed as a savior with its even larger takeover bid for TXU Corporation  (NYSE: TXU).  Kohlberg Kravis Roberts & Co. (KKR) has teamed up with another private equity firm, Texas Pacific Group, to be…

CSIQ – Bargain Hunting in the Chinese New Year

U.S. listed photovoltaic (PV) companies based in China are experiencing a significant sell-off after the Shanghai Composite index tumbled 9% on February 27. Many analysts believe that the (seemingly unjustified) drop in these shares has brought valuations back to attractive levels, creating a buying opportunity. They point out that the fate of China-based PV companies…

Will Q-Cells be the First Victim of a Solar Bubble?

Solid opportunities to invest in the solar boom exist, but many investors are starting to worry about the high valuation of stocks in the solar industry. Many feel that the worldwide silicon shortage is a major threat to solar's growth, but the silicon shortage is leading to a pickup in M&A activity in order to…

ENER: Time to Take a Bite out of the Bad Apple?

U.S. solar stocks have kicked off 2007 in grand style, averaging a 10% gain over the 6-week period, way ahead of the more diversified renewable ETFs (gaining 2.75%). Despite these strong gains, there are a few bad apples dragging down the performance of the group. If it were not for Distributed Energy Systems (DESC), DayStar…

New York Women on Wall Street

Women on Wall Street for the first time are raising serious money in the millions of dollars and emerging as a fundraising force in the same way they blazed a career trail among their male peers in finance. Three groups in particular– 100 Women in Hedge Funds, High Water Women and 85 Broads are gathering…

Cellulosic Ethanol to the Rescue?

While the corn ethanol industry seems to have a limited lifespan, the sustainability of the biofuels sector can be maintained via a technology known as cellulosic ethanol.  This type of fuel can be processed by means of sugar fermentation, where either pure cane sugar can be used directly, or a variety of feedstocks (switchgrass, rapeseed,…

TXU Buyout Influenced by Environmental Groups

Environmental groups have an impact on KKR buyout of TXU Corp – aka Texas Utilities (TXU).   They managed to force the company to reduce the total number of  coal plants being planned in Texas from eleven to three. Article at Business Week Online. Did David Neubert buy TXU? Rain Forest Action Network on "What Happens…