Life is full of second chances, sometimes even in investing. In that connection, ING’s (ING) cumulative preferred shares plunged with the shares of the broader financial services community when the financial crisis reached its depths. ING’s 6.2 % perpetual debt securities issued in 2003 with a $25 a share denomination (ISP) reached a low...
Read More »

WARNING: If you’re an investor looking for stocks that will soar in the economic recovery (if it happens), look elsewhere. But if you’re a patient investor willing to accumulate and hold a stock for years to get a good return, read on. The basic investment case for Altria Group (MO), the holding company for...
Read More »

I’d like to introduce a theme to be developed in future posts: that knowledgeable investors can profit by making investment decisions that benefit from Wall Street’s shortcomings in understanding government policy. The increased role of government in business makes Wall Street nervous. This is partially ideological: many businesspeople and financiers just don’t want the...
Read More »