I'm Buying This Stock While the Market Is Selling

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Ever since I read Tom and David Gardner's book Million Dollar Portfolio, I've been interested in Coach (NYSE: COH  ) . Since the concept of the book stemmed from Tom's meeting with CEO Lew Frankfort, it's a company I've kept an eye on for a while now. With the recent earnings release and subsequent sell-off, I am taking advantage and adding shares to my portfolio.

Keep it simple
In line with my investing philosophy, there are four things I look for when considering any investment:

  1. I want management I can trust. They need to be in it to win it, and they need to be honest.
  2. I want something that is understandable and that I can enjoy following.
  3. I want a catalyst -- a short-term event or long-term trend that will help create value.
  4. I want a fair price. Enough said.

Management I can trust, in it to win it
Frankfort has served as chairman and CEO of Coach since 1995 and has been involved with the company for more than 20 years. His track record speaks volumes, and his dedication to the customer is simply phenomenal:

You've got to be more obsessed with researching customers than with generating ideas. To be great for generations, your intuition alone about what customers want today will not suffice. Talk to them every day. Listen to them. Make an eternal effort of gathering and analyzing as much information about them as you can.

Understandable and interested
Coach is retail. Period. The company sells higher-end accessories and apparel for women and men.

A long-term trend

OK, maybe I was a bit blase on what Coach does. It is certainly seen as higher-end retail. And there's no question that higher-end retail is facing some headwinds. Companies like Tiffany (NYSE: TIF  ) and even Saks (NYSE: SKS  ) are seeing lower share prices as consumer spending tightens at home.

One thing to keep in mind, though, is that Coach is an international story. Outstanding performance in Asia and entry into new markets such as Brazil, Kuwait, and even Vietnam give Coach plenty of room to grow even if spending cools off here in the U.S. I also expect to see great things as the company rolls out its new Legacy collection over the coming quarters.

All at a fair price
While Coach's products may be seen as expensive to some, its share price today is anything but when you consider the long-term earnings potential of the company. The recent sell-off has brought shares back down to 15 times current earnings and only 12.5 times fiscal 2013 estimates after downward revisions.

I'm not going to make the argument that Coach is "dirt cheap." I'm sick of the expression and the share price can always (and probably will) go lower. But it is a fair price in my estimation for a superior business that has consistently demanded a higher multiple. You can join me over on my discussion board where I'll dive deeper into the financials and valuation.

Put me in, Coach
Most of the time when management says that the coming year is going to be an "investment year" for the business, the sellers can't get to the exits fast enough. And that's where I come in. The hit Coach is taking today seems overdone when looking at it from a long-term perspective, so it's time to be opportunistic and grab a piece of a company I respect. Make sure to follow me on Twitter to keep up with all of my Motley recommendations.

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Source: http://www.fool.com/investing/general/2012/08/01/im-buying-this-stock-while-the-market-is-selling.aspx

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30 Innovations That Will Change The World

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ROBOTS THAT WILL REVOLUTIONIZE SURGERY
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AUGMENTED REALITY CONTACT LENSES
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A LIFE-SAVING SHOT OF OXYGEN FOAM
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PRINTED SKIN CELLS WILL CHANGE HOW WE TREAT BURNS
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A SYSTEM THAT TURNS SEWAGE INTO WATER VAPOR
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PREDICTING HEART ATTACKS WITH A SIMPLE TEST
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THIS NANOPARTICLE SYSTEM COULD CURE CANCER
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SOLAR CELLS EFFICIENT ENOUGH TO POWER A CITY 
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A SHOT THAT COULD CURE DRUG ADDICTION
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THIS COULD BE THE CURE FOR PARALYSIS
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GAME-CHANGING INNOVATIONS (1-10)
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Source: http://feedproxy.google.com/~r/businessinsider/~3/ZjS9OWnXdLk/30-game-changing-innovations-2012-8

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The Amazing Rags-To-Riches Life Of Sheldon Adelson, The Republican Party's Biggest Donor

Sheldon Adelson

Sheldon Adelson once slept in the same room as his entire family. He once voted almost exclusively Democrat. But this weekend, he showed up in Israel as perhaps the most influential donor of the Republican Party. 

At 78, Adelson is now one of the most active participant on the political scene, staunchly supporting a free Jewish state in Israel. The casino mogul even popped up in Israel this weekend to aid the candidacy of presumptive Republican presidential nominee Mitt Romney, who he has pledged to support with a possibly "unlimited" amount of money to super PACs in the 2012 election.  

Outside of the Romney campaign, Adelson has spent upwards of $20 million in donations to Republican candidates this election cycle, and almost single-handedly bankrolled Newt Gingrich's rollercoaster primary campaign. CBS pegs him as the biggest super PAC donor of this election cycle.

Adelson mostly avoids the media spotlight, but his rags-to-riches tale reveals some of the reasons as to why he made huge ideological and personal changes through his life. 

Adelson grew up in a working class Boston neighborhood.

His father, who emigrated from Lithuania, worked as a cabdriver, while his mother ran a knitting shop from their home. He, his parents and three siblings slept in one room.

Source: The New Yorker

Adelson's computer trade show, Comdex, became one of the world's largest in the world in the 1980s.

Adelson went on to buy the historic Sands Hotel and Casino in Las Vegas, adding a convention center for the thriving Comdex. Adelson later cashed in on Comdex for $862 million, using the profits to tear down the hotel and rebuild a lavish, Venice-inspired complex.

Source: The New York Times

The Sands Macau is where Adelson made his billions.

Since the Sands Macau, located in Macau Peninsula, Macau, opened its doors, Adelson's personal wealth has "multiplied more than fourteen times," and "earning roughly a million dollars an hour" after the company went public, The New Yorker reported.

Source: The New Yorker

See the rest of the story at Business Insider

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Source: http://feedproxy.google.com/~r/businessinsider/~3/VjLbAGu0usE/sheldon-adelson-republican-party-donor-super-pac-romney-2012-7

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Print & E-Book Copies Of Bestseller Pulled After Author Admits To Making Up Bob Dylan Quotes

kittehgnawbookMaking up quotes from say, one of the most admired, researched and beloved American music icons might've seemed like a good idea to New Yorker magazine staff writer Jonah Lehrer when he was writing his book Imagine: How Creativity Works, but those fabricated words are going to cost his publishers a pretty penny. Houghton Mifflin Harcourt [...]

Source: http://consumerist.com/2012/07/print-e-book-copies-of-bestseller-pulled-after-author-admits-to-making-up-bob-dylan-quotes.html

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Mark Zuckerberg's Sister Arielle Now Works For Google

Arielle Zuckerberg, Wildfire Interactive

Google's acquisition of Wildfire Interactive, one of Facebook's top marketing partners, is awkward for the social network on a business level.

But it's even more awkward on a personal level.

That's because one of Facebook CEO Mark Zuckerberg's sister, Arielle, works for Wildfire as a junior product manager.

So she's soon going to be a Google employee, working to undermine her brother's dominance in the social sphere.

We hear Mark tried to get Arielle to join Facebook. Unlike their older sister Randi, who succumbed to Mark's entreaties and ran consumer marketing for Facebook for years before recently striking out on her own, Arielle decided to set an independent course from the get-go.

She's spoken out on her blog about Facebook's recent design changes.

And she's also active on Quora, the question-and-answer site started by some ex-Facebookers. One of the questions she answered: "Which startups would be good acquisitions for Facebook?"

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Source: http://feedproxy.google.com/~r/businessinsider/~3/Q-aRlTsQNaE/mark-zuckerberg-sister-arielle-zuckerberg-wildfire-interactive-google-2012-7

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Gold Gets No Respect But It?s Beaten Everything Including Berkshire

It was an exciting and educational week I spent in Vancouver at the Agora Financial Investment Symposium speaking to hundreds of investors who are eager to learn how to grow and protect their wealth. This year?s theme, ?Innovate or Die,? fit well with my presentation, as the conference challenged attendees to adapt their investment strategies [...]

Source: http://www.forbes.com/sites/greatspeculations/2012/07/31/gold-gets-no-respect-but-its-beaten-everything-including-berkshire/

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Top 5 Reasons You Never Hear Back After Applying For A Job

iphone, how to, girl, curious, focused, texting, cell phone, People often wonder why they never hear anything back after they hit ‘send’ on the email with a resume attached or on the on-line job application. If you’re very lucky, you might have a preliminary email exchange with a recruiter and then never hear from them again.

It’s a depressing experience, and one which also casts a shadow on the hiring company’s reputation. So why does it happen? Is it you, is it them, or is it just something every candidate must prepare for in the hiring process?

There’s no question job seekers face an uphill climb. High unemployment nationally means more competition for every position; according to a January 2012 article in the Wall Street JournalStarbucks “… attracted 7.6 million job applicants over the past 12 months for about 65,000 corporate and retail job openings…”

An oft-cited recruiter’s complaint is that as many as 50 percent of people applying for a given job simply aren’t qualified. Adding to the challenge, most large companies – and many smaller ones – use talent-management software to screen resumes, weeding out up to 50 percent of applicants before a human even looks at a resume or cover letter. The deck is definitely stacked against the job seeker. So how do you break through?

Here are my top 5 reasons you’re not hearing back after applying for a job, with five suggestions for ways to avoid the Resume Black Hole.

Why You Never Hear Back:

  1. You really aren’t qualified. If a job description specifies a software developer with 3-5 years of experience and you’re a recent graduate with one internship, it’s unlikely you’ll get a call. Avoid disappointment – don’t apply for jobs for which you lack qualifications. Most job descriptions are written with very specific requirements. Yes, the company is trying to find the most qualified candidate; yes, they are trying to weed people out. It’s not personal, it’s business.
  2. You haven’t keyword-optimized your resume or application. Job descriptions are salted with keywords specific to the skills or attributes the company seeks in applicants. A close read of the job description is a necessity, as is keyword-optimizing your resume and cover letter, if you’re using one, or email. If the job description lists words in a certain order, e.g. a list of programming languages required, use the same order in your resume.
  3. Your resume isn’t formatted properly. You might think distinctive formatting will set your resume apart, but automated programs don’t care if a document is pretty. Help a machine out. Be consistent in formatting – consider using separate lines for former employer, job title, and years worked.
  4. Your resume is substantially different from your online profile. LinkedIn, Dice and other online profile sites can be useful tools, so it‘s important to make sure they match what’s on your resume. This may seem to be a contradiction – in #1 I advised keyword optimization – but it’s really common sense. Jobs worked, employers, years on the job and other details should match. The subtext here is always tell the truth.
  5. The company received 500 resumes for one job posting, and yours was 499th in. Looking for a job is a job. Do your research – know which companies you want to work for, organizations where you sense culture fit. Every morning scour the job postings and jump on anything for which you’re qualified (and in which you’re interested.) Being early with your resume or application does matter. Check back often in the first few days to make sure the listing hasn’t changed. Often a company will post a job and halfway through the process change the description.

It’s hard to game the system. Your best bet is still a personal referral, and even that may not be enough to get a call. A guy I know gave his resume to a woman who worked at a company where a good job had been posted. He received an automated email noting his resume had been received but never heard another word. After a month he asked his friend to check with the recruiter. It turned out the job description had changed, but the recruiter never bothered to let the referring employee – or the applicant – know. This isn’t unusual, unfortunately. So what can you do?

How You Can Get Noticed:

  1. Research interesting companies on social media. Find out who the recruiters are and follow them. Many will tweet new postings, so watch their streams and jump on anything for which you are qualified. And if they tweet news saying the company’s had a great quarter, retweet the news with a positive comment.
  2. Consider starting a blog in your area of interest or expertise. It’s a social world; time to build a trail of breadcrumbs leading to you. Include the blog, and links to any especially relevant posts, in your emails to recruiters with whom you’re working.
  3. Get professional help with your resume. Either a resume writer or an SEO expert can help you increase your odds of getting through the talent management software. If you can’t afford this step, read the top career blogs for advice.
  4. If at all possible, don’t wait until you’re out of work to find your next job. I realize for many people this isn’t possible or might even be offensive, but your chances of finding the next job are best when you’re still employed.
  5. Network. Old advice, but still true. Be visible, be upbeat, be informed about industry trends and news in your area of expertise.

Finding a job is tough, no question. I’ve talked to other recruiters who say they only respond to 30 percent of applicants. The odds are good you’ll be in the 60+ percent who hears nothing a lot of the time. Don’t take it personally – it’s not a rejection of you, it’s a reflection of the times. If you don’t hear back, know you’re not alone.

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Source: http://feedproxy.google.com/~r/businessinsider/~3/1RkvG7Lv9e8/top-5-reasons-you-never-hear-back-after-applying-for-a-job-2012-7

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