ADD: Philip Morris (PM) to the Investing Ideas Long list.
Commentary below from Keith within "Real-Time Alerts" delivered to #HedgeyeNation today.
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Been waiting, patiently, for a Buy Signal on PM, ever since Biolsi went bullish on it... Coaching Notes: 1. Whether my haters understand this or not is of no real concern to me, but MANY of the criticisms I have of the Old Wall (that's why they hate me) are criticisms of my former self! 2. A former me (and my bosses) would just buy whatever the analyst went bullish on ... just because that's how the job went... 3. The Game has changed, materially, due to The Machine's impact. Timing on entries/exits has never mattered more ... so you don't just buy something because someone "likes" it. That said, if you want to hear all about WHY Biolsi really likes PM (hint: its a far from consensus view), he's presenting a "Black Book" on the name to our Institutional Clients tomorrow, KM |