Timing is Important
June 2nd, 2008 by Buck Woodford
Both technically — our forte — and fundamentally.
Our friends at 1440 Wall Street posted some solid logic today from Pimco’s El-Erian today regarding when it’s smart to buy either the debt or equity of companies in an industry that’s recapitalizing rather than expanding. Umm, kind of like where the financial sector finds itself today.
We have referenced El-Erian’s work thrice on ManyPeaks.com and continue to respect his and Pimco’s understanding of financial fudamentals.
