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  1. Opportunities in the Shipping Crisis • March 27, 2009

    “If you buy ships today, you are going to make a nice profit over time.” – Aristides Pittas, Euroseas CEO at the Capital Link 2nd Annual Shipping Conference on Thursday Dear Capital & Crisis Reader, So I’m walking up Fifth Avenue down by 49th at around six bells in the a.m. You will not often [...]

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  2. Commodities Ain’t Dead Yet • March 20, 2009

    “[It had] the frowzy, unkempt, out-of-the-elbow forlorn air of a third-rate boarding house.” – H.L. Mencken, on Baltimore, his hometown, in 1910 Dear Capital & Crisis Reader, I was in Baltimore recently with a friend of mine who is also a reader. We’re both up to our eyeballs in commodity stocks. At the time, [...]

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  3. Fear and Lust on Wall Street • March 13, 2009

    “Now it comes on the spring of 1931, after a long hard winter, and times are very tough indeed, what with the stock market going all to pieces, and banks busting right and left… There is very little scratch anywhere and along Broadway many citizens are wearing their last year’s clothes and have practically nothing [...]

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  4. Sell CVR Energy (CVI:nyse) • March 11, 2009

    “I hurled myself toward my personal god: SIMPLICITY. The tighter and smaller you got it the less chance there was of error and the lie.” – Charles Bukowski, Portions from a Wine-Stained Notebook Dear Capital & Crisis Investor, We got earnings today from CVR Energy (CVI:nyse), our refinery and nitrogen operation. The earnings were not good. But [...]

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  5. Things That Make a Bottom • March 6, 2009

    “One of the things that makes a bottom is stupid, stupid, stupid low asset values. And we’re getting to at least the first or second ’stupid.’” – Steven Roth, CEO, Vornado Realty Trust Dear Capital & Crisis Reader, This is the worst start for stocks in 100 years. Not including yesterday’s beating, the Dow Jones industrial average was [...]

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  6. New Buy Recommendations & APL update! • March 5, 2009

    And now for an update on APL… *** Atlas Pipeline Partners We got an earnings report from APL this week. APL owns and operates approximately 1,600 miles of natural gas pipelines in Appalachia. APL also owns 7,870 miles of gathering systems, a 565-mile interstate gas pipeline, seven processing plants and one treating facility. You have to have a [...]

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  7. Capital & Crisis Hotline — Special Update on Leucadia • March 2, 2009

    “As the year progressed, a series of life-threatening problems within many of the world’s great financial institutions was unveiled. This led to a dysfunctional credit market that in important respects soon turned nonfunctional. The watchword throughout the country became the creed I saw on restaurant walls when I was young: ‘In God we trust; all [...]

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  8. The Pocket Miner of Dead Horse Gulch A Gold Stock to Double Your Money in 2009 • March 1, 2009

    Download PDF His name was Dick Baker. Mark Twain called him an old friend and wrote about him in Roughing It (1872). He was the pocket miner of Dead Horse Gulch. Twain and Baker would wander up in the hills of California, panning for gold. Pocket mining was a specific method in which miners hoped to zero [...]

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