The model large cap global portfolio ended the quarter valued at $139.50. This is down roughly 2.2% from the previous quarter. For the six months ended June 30th, the portfolio is down roughly 3.7% from the year end value of…

Investors are digesting the implications of the British decision to leave the European Union, as well they should. Banks with large currency trading and hedging desks, of which there are too many to enumerate, will likely be posting outsized “one…

The implication, that may be derived from the bond issuance, is that the planned acquisition of Humana by Aetna, in a cash and stock swap, is very much on track for a second half 2016 close. http://www.marketwatch.com/story/aetna-raises-13-billion-in-bond-sale-to-finance-humana-bid-2016-06-02?siteid=yhoof2

Valuation is less than 1X sales. A blockbuster acquisition may propel this company into large mid-cap status in coming years.

Costco has long reported abnormally high profits from the Canadian division. With 90 stores located in Canada, or roughly 13% of the total store count, the Canadian operations are the single largest foreign source of revenue for Costco, outside of…