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  1. Sell Ingram Micro • October 25, 2006

    Dear Capital & Crisis Investor, I am recommending we cut Ingram Micro (IM:nyse) from our portfolio today. Ingram is a global tech distributor. Earnings were good for the quarter and business seems okay. However, I can’t ignore the larger and darkening picture that is coming in on demand for technology. There is, for example, substantial build-up of inventory [...]

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  2. Good for the Yen, Bad for the Dollar • October 20, 2006

    “You will always find some Eskimos ready to instruct the Congolese on how to cope with heat waves.” — Stanislaw J. Lec (pronounced “Lets”), Polish writer (By the way, you can find this and many other pithy aphorisms in Lec’s short work, Unkempt Thoughts. It’s free and online here: http://www.geocities.com/Athens/Forum/5344/lit/lecengl.html.) Dear Capital & Crisis Investor, The yen may be the [...]

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  3. PICO, Agrium and Your November Issue • October 6, 2006

    “For a loser, Vegas is the meanest town on earth.” – Hunter S. Thompson (1937-2005), American writer Dear Capital & Crisis Investor, I’m staying at the Bellagio in Las Vegas, one of Steve Wynn’s many properties. Wynn is one of the big developers of hotel properties and casinos in Las Vegas. He is, needless to say, a very [...]

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  4. Annie Oakley, The Butterfly Effect And You • October 1, 2006

    In the late 1800s, Buffalo Bill’s Wild West Show was a dazzling display of horsemanship, gunplay and other cowboy skills. One of its acts involved the sharpshooting of the great Annie Oakley. Dubbed “Little Sure Shot,” Oakley had an amazing routine – she would shoot out lit candles, for example, and the corks of wine [...]

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