Nowadays when I look at a company I ask myself:
- What would a good legitimate business look like?
- What would fraud look like?
This post attempts to answer question #2.
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Month: January 2014
Liberator Medical’s “investor relations” firm
(This is not an actionable idea.)
Libertor Medical (LBMH) is a direct-to-consumer medical products supplier with a $224M market cap.
The investor relations page of Liberator’s website shows that Wall Street Resources (WSR) is Liberator’s IR firm for non-institutional investors. WSR is very unusual for an “investor relations” firm. The WSR website boasts:
Since inception on March 13, 2009 our Trading Alerts have resulted in a 109% average annualized return. This means $100,000 invested on 3/13/2009 would have grown to $1,477,162 on 9/30/2013.
Golly, I am sure that WSR is doing a wonderful job as an “investor relations” firm and that those associated with WSR are compounding money at 109% and are on their way to becoming millionaires.
2013 Year in review and my plan for 2014
My portfolio was largely:
- Long US stocks. This did fine as Altisource (ASPS) was one of my largest positions.
- Short US stocks. Unsurprisingly, I lost money here.
- Long volatility/options.
- Long Canadian junior mining stocks. I am slightly profitable here despite the bloodbath in the TSX Venture.
I lagged the S&P 500 index but still had a profitable year.
