Growth Stock Insider and its related blogs are published by Ramsley Digital Media, 3744 Delmas Terrace, Los Angeles, CA 90034. The producer is Eric Ramsley. The executive editor is Walter Ramsley, who is a principal of Walrus Partners, a registered investment advisor. Walrus and the accounts it manages may from time to time hold positions in the securities referred to herein. The blogs are designed for experienced investors. Factual materials are not guaranteed but they have been obtained from sources believed to reliable. Reproduction is prohibited. Copyright 2014.
Everybody had a good to reason to explain why the stock market caved in last week. Our comments last month discussed how investors had ignored a series of threats while bidding prices up to record levels. Last week those threats caught up.
Argentina's bond default got a lot of people thinking about the potential for unexpected side effects. That particular situation is small potatoes. Argentina had the funding in place to complete a refinancing -- one that included a substantial write down.
Potential policy changes at the Federal Reserve are the greatest concern. The decision earlier in the year to eliminate "quantitative easing" created a sell-off in April. That proved to be a shot across the bow. At last week's meeting, though, the bond buying program dropped to $25 billion per month -- down from the $85 billion pace Ben Bernanke originally set up.
Walrus Partners LLC invests in high potential emerging growth stocks. The flagship S-2 fund was established in 1997. It concentrates on "post venture- pre-institutional" companies that have not been discovered by the investment community at large. The Dividend Growth fund, introduced in 2013, invests in established companies that feature a consistent and rising dividend profile.
Northern Technology is the leading provider of systems that prevent corrosion in steel. The company operates around the world through a network of joint ventures that possess a strong local presence. Northern is benefitting from the ongoing expansion in international supply chains. The overall increase in world trade is providing further impetus. The company also is gaining market share with new product introductions. Financial performance promises to be leveraged by Northern's recent entry into the high potential oil and gas segment. Results already are accelerating in response to the manufacturing rebound now underway in Europe and the United States. Several years of superior earnings growth may lie ahead.