Using Veritas to Construct the "Per…

29-04-2017 Hits:85766 BoomBustBlog Reggie Middleton

Using Veritas to Construct the "Perfect" Digital Investment Portfolio" & How to Value "Hard to Value" tokens, Pt 1

The golden grail of investing is to find that investable asset that provides the greatest reward with the least risk. Alas, despite how commonsensical that precept seems to be, many...

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The Veritas 2017 Token Offering Summary …

15-04-2017 Hits:79996 BoomBustBlog Reggie Middleton

The Veritas 2017 Token Offering Summary Available For Download and Sharing

The Veritas Offering Summary is now available for download, which packs all the information about Veritas in a single page. A step by step guide to purchasing Veritas can be downloaded here.

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What Happens When the Fund Fee Fight Hit…

10-04-2017 Hits:79857 BoomBustBlog Reggie Middleton

What Happens When the Fund Fee Fight Hits the Blockchain

A hedge fund recently made news by securitizing its LP units as Ethereum-based tokens and selling them as tradeable (thereby liquid) assets. This brings technology to the VC industry that...

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Veritaseum: The ICO That's Ushering in t…

07-04-2017 Hits:84335 BoomBustBlog Reggie Middleton

Veritaseum: The ICO That's Ushering in the Era of P2P Capital Markets

Veritaseum is in the process of building peer-to-peer capital markets that enable financial and value market participants to deal directly with each other on a counterparty risk-free basis in lieu...

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This Is Ground Zero for the 2017 Veritas…

03-04-2017 Hits:80877 BoomBustBlog Reggie Middleton

This Is Ground Zero for the 2017 Veritas Offering. Are You Ready to Get Your Key to the P2P Capital Markets?

This is the link to the Veritas Crowdsale landing page. Here is where you will be able to buy the Veritas ICO when it is launched in mid-April. Below, please...

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What is the Value Proposition For Verita…

01-04-2017 Hits:83124 BoomBustBlog Reggie Middleton

What is the Value Proposition For Veritas, Veritaseum's Software Token?

 A YouTube commenter asked a very good question that we will like to take some time to answer. The question was, verbatim: I've watched your video and gone through the slides. The exchange...

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This Real Estate Bubble, Like Some Relat…

28-03-2017 Hits:54132 BoomBustBlog Reggie Middleton

This Real Estate Bubble, Like Some Relationships, Is Complicated...

CNBC reports US home prices rise 5.9 percent to 31-month high in January according to S&P CoreLogic Case-Shiller. This puts the 20 city index close to an all time high, including...

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Bloomberg Chimes In With My Warnings As …

28-03-2017 Hits:82256 BoomBustBlog Reggie Middleton

Bloomberg Chimes In With My Warnings As Landlords Offer First Time Ever Concessions to Retail Renters

Over the last quarter I've been warning about the significant weakness in retailers and the retail real estate that most occupy (links supplied below). Now, Bloomberg reports: Manhattan Landlords Are Offering...

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Our Apple Analysis This Week - This Comp…

27-03-2017 Hits:82110 BoomBustBlog Reggie Middleton

Our Apple Analysis This Week - This Company Is Not What Most Think It IS

We will releasing our Apple forensic analysis and valuation this week for subscribers (click here to subscribe - lowest tier is the same as a Netflix subscription). As can be...

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The Country's First Newly Elected Lame D…

27-03-2017 Hits:81979 BoomBustBlog Reggie Middleton

The Country's First Newly Elected Lame Duck President Will Cause Massive Reversal Of Speculative Gains

Note: Subscribers should reference  the paywall material here for stocks that should give a good risk/reward scenario for bearish trades. The Trump administration's legislative outlook is effectively a political desert, with...

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Sears Finally Throws In The Towel Exactl…

22-03-2017 Hits:88001 BoomBustBlog Reggie Middleton

Sears Finally Throws In The Towel Exactly When I Predicted "has ‘substantial doubt’ about its future"

My prediction of Sears collapsing once interest rates started ticking upwards was absolutely on point.

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The Transformation of Television in Amer…

21-03-2017 Hits:85877 BoomBustBlog Reggie Middleton

The Transformation of Television in America and Worldwide

TV has changed more in the past 10 years than it has since it's inception nearly 100 years ago This change is profound, and the primary benefactors look and act...

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I am a private, entrepreneurial institutional investor with a background in financial engineering, insurance, corporate valuation and real estate. I received an email from a reporter yesterday inquiring into the solvency of insurers, which prompted me to release the my timely subscription content regarding the Hartford Insurance Group to the public. I grabbed a substantial bearish position in the Hartford Insurance Group in early October, and released a timely actionable intelligence note on October seventeenth, followed up by a significant amount of research. Kudos and big ups go out to my research team for doing a phenomenal job crystallizing my strategy.HIG has joined, or is close to joining the increasingly growing 200%+ return on cash investment club.

 hig.jpg

I picked up on the Hartford after investigating other life insurers, specifically Metropolitan, and found HIG to be the worst of the pack. Please click any and all thumbnails to enlarge to printer quality graphics.

 hig_cds_spreads_23237_image001.png

Hartford's yields have spiked into junk territory (pretty much where they belong)

 hig_cds_spreads_23237_image002.png

Hartford's CDS spreads have blown by a multiple of 4x to 8x

 image001.png

The Hartford Insurance Group is insolvent, as liabilities currently are the equivalent or more than its tangible assets, and thier core investment sector (the financial services industry) adds to those losses literally on a daily basis

 image001_copy.png

This is a graphical depiction of Hartfords own reporting of net outflows - A literal "Run on the Bank" (well, actually insurer).

 image002.png

Previously booked future gains are unraveling rapidly

 The general public now has access to the research since the Hartford has pretty much run its course for blog subscribers.

Here is a spreadsheet formally for professional subscribers detailing the exposuse of the top 200 Hartford debt holders that I was able to dig up on short notice - more work definitely needs to be done, along with a target on the top 10. Notice that the top 10 have significant exposure. 

 

HIG Security Holders

 

 

Holder name

Total Amount Held ($)

1

VANGUARD GROUP INC

                       261,125

2

TEACHERS INS & ANNU

                       125,000

3

PRUDENTIAL INSURANCE

                         69,857

4

JACKSON NATIONAL

                         65,450

5

NEW YORK LIFE INSURRANCE

                         64,895

6

AIG ANNUITY INS CO

                         62,500

7

ALLIANZ LIFE INS CO

                         61,381

8

CAPITAL RESEARCH AN

                         58,250

9

SUNAMERICA LIFE INS

                         53,740

10

NEW JERSEY DIVISION

                         52,000

 

icon Hartford Insurance Group spreads and counterparty/debt holders - pro (149 kB 2008-11-01 09:39:04) This is an Excel 2007 binary document, and either the newest version of excel or equivalent excel reader will be needed to acceess it.

The following are an additional smattering of the stuff my subscribers used to benefit from my research and investment positions, now all free:

  icon 10/25/08 Insurance Industry Update - Professional w/inventory addendum (7.5 MB 2008-10-27 03:00:37)

icon Hartford Insurance Group Forensic Analysis - Pro (619.29 kB 2008-11-06 08:44:34) 

   ______________________________________________________________________________

A few comments from my subscribers (positive vibes make me feel all mushyCry) :

  •   RM's record is even beyond astounding.  It's not right to try to minimize it.  I only wish I had stuck with some of his calls.  I got out much too early.  The magnitude of the downward movement in the market and in many of the companies mentioned here is amazing to me.  This has been a lifetime opportunity given to those wise enough to pay attention and take advantage.
  • You have to look at the entire record and realize how astounding RM has been. Just look at today's action the food sector stock is down 2.5% and the Dow is up over 100 points. Sure, in hindsight, anyone could have said the financials were going lower, but just listen to the fools on CNBC and you realize how spot-on RM has been. 
  • Like Cramer and others before him who were considered market gurus, Reg has had an immediate reaction with his newest actionable item. The stock is down in the first few minutes 2% when the Dow is up 100+  (I'd like to believe that I'm a bit more empirical than Cramer, but thanks anyway)
  • MAC, HIG, the crummy banks, NAV and all of your other calls have doubled my very little brokerage account...you are the best! 
  • It's just that your timing is (or seems) so incredibly good that I couldn't really figure it out. I wish you all the best--if I thought I could do something to help you, believe me I would, given the sheer sense of perspective I've gotten from reading your blog.
  • i guess i'll just add my cheers to the list of people in awe.  damn Reggie, you are on fire right now man.  incredible to watch man, just like watching Michael Jordan back in the day.  seriously impressive.  hats off. 
  • Boy it sure didn't take too long to make up the subscription price...Only regret is not buying more!  I screwed around pricing the puts and only bought what I thought would be 1/3-1/2 of my share since they are thinly traded.  Well 8 dollars later.... 
  • I feel like im living in one of the infomercials where they show ordinary people saying "i turned $5,000 into $100,000 in just three short months" -
    Thanks reg , you did it again :)  

Performance update

I threw together a performance update comparing my work with the top Wall Street banks, James Cramer, all of the hedge fund indices (representing about 2,600 hedge funds), and the major US and global market indices. This has been a stellar week for me in terms of performance, thus this chart is signficantly off to the downside, but I guess this is good for the sake of appearing conservative. See Performance update for the week of starting 11/17/2008. 

Subscriptions

If you have made it down this far, chances are you may be interested in my work. To join our club of anti-insiders, you may subscribe here as an individual investor, professional investor, or institution. I am rolling out a new subscription service for institutions that combine my forensic analysis and fundamental research, my macro outlook, perspectives on my trading ideas, AND corporate risk auditing services backed by a team of stellar professionals - the same ones that powered very high triple digit results while most of the industry has been taking significant losses.