Dan AmossDan Amoss

Dan Amoss, CFA, tracks aggressive accounting and other red flags that markets miss. He’s a student of the Austrian School of economics and Daily Reckoning fan since 2000. Agora Financial relies on Dan for macro market commentary as well as profitable plays like his 2008 call to readers to buy Lehman Bros. puts, which gained 462% as the stock fell from $45 to $12. And he called American Airlines’ bankruptcy long before the Chapter 11 filing, telling readers to short the stock, which tanked from $6 to just 26 cents.

Formerly, he was investment adviser to one of the top small-cap mutual funds in the country. He grew up on a semi-working small farm that his great-grandfather bought in 1907, learning thrift and the value of hard work through generations. 

This informs his drive to seek truth and expose frauds and promotions that suck in investors. He cut his teeth in finance interviewing management teams in “roadshows” and so knows the kind of BS they sell.

His bottom-up investing style focuses on management strategy, return on capital and the truth (and lies) buried in financial statements.

How Meal Delivery Kits Are Part of the Sugar-Rush Economy

Like sugar for humans, bubble-driven economies build up a tolerance for ever-higher doses of money and credit. Once economies fall into addiction, the long-term consequences are tragic: either a deflationary collapse or hyperinflation. An alternative path might be a policy that proactively weans the system from addiction, but such a policy is politically impossible. That’s why many companies today are part of the sugar-rush economy.

We Are Entering Corporate Triage

Today, many businesses face a shutdown of indefinite duration and an uncertain recovery afterward. These consumer-facing businesses are not designed or prepared for something like a coronavirus pandemic. Most operate on tight profit margins, have heavy capital requirements and are burdened with large debts. Dealing with how to help companies, you can think of corporate triage as policymakers deciding which companies get rescued and how they might get rescued.

Special Lifetime Member Update: Take a 573% Gain on XLV Puts

In the last lifetime members-only briefing held in January, Jim discussed the economic implications of a Bernie Sanders victory on the healthcare industry. The stock recommendations that Dan provided on the call are up substantially so we recommend locking in profits on the short positions before a market bounce as the Fed will likely intervene. Receiving extra recommendations is an exclusive bonus of being a lifetime member so congratulations on your gains!

Coronavirus Starts to Hit Tech Hardware Stocks

With the news that Apple Inc. has cut its revenue guidance due to the coronavirus outbreak, other tech hardware companies will suffer from both its supply chain and from lower demand for hard drives within China. This includes our latest play on Seagate Technology that has suffered unrelenting revenue declines in the past several years.