Rebranding Pot: How Squares Are Sparking The Next Massive Industry
The billion-dollar Green Rush is accelerating every day. But that doesn't mean it'll be a mellow ride.
UpStart Business Journal profiles David Dinenberg, CEO Kind Financial, legal cannabis financial solutions.
Banking’s a bummer for legal marijuana industry, but David Dinenberg has a budding solution
" . . . [Dinenberg] has attracted believers, and cash, to his cause. Kind has raised about $2 million from angel investors including Lindy Snider, the daughter of Comcast Spectator Chairman Ed Snider. . . “I think he’s a hybrid. He’s someone that came from a very traditional business model. But he’s an entrepreneurial guy. Like most entrepreneurs he doesn’t see the problems he sees the solutions,” she said. “They don’t get stopped by things people say can’t be done. I like that very much about David. He’s very determined. The fact is that they came up with an idea that’s very simple. It’s usually the simplest business ideas that have the most value.”
As for Dinenberg, right now he’s head down working on Kind Pay. But he hasn’t lost sight of the original goal: To be the cannabis industry’s ultimate financial provider.
“My eye will always be on the prize of buying or forming a bank,” he said. “I only see growth. I only see this industry getting larger, getting more structured and frankly getting more regulated. I truly believe this is going to be a global industry just like any other … this is not even the ground floor. This is the basement.”
Global equity funds inflows tracking to record: TrimTabs
(Reuters) - Global equity mutual and exchange-traded funds have so far this year pulled in net inflows of $81.5 billion, putting them on track to beat a four-month record high of $86 billion set nine year ago, TrimTabs Investment Research said on Tuesday.
Global equity mutual funds and ETFs surged to a record $34.8 billion in March, edging past the previous monthly record of $34.4 billion in January 2013, TrimTabs data showed.
These funds raked in $14.8 billion this month through Friday, and look likely to have the best four-month run of inflows since December 2005 through March 2006.
“U.S. investors continue to follow the printing presses into European and Japanese equities,” said David Santschi, chief executive officer of TrimTabs. “A record that has been held for nine years is almost sure to fall.”
Buying has been heaviest among European funds, Santschi said.
(Reporting By Michael Connor in New York; Editing by Ted Botha)
Click here for more on Stern & Co.'s work with TrimTabs
Forbes Magazines profiles Charles Biderman and his TrimTabs Float Shrink etf (TTFS).
Click here for full story: http://onforb.es/1DmOnUi
Business Columnist Bill Deener has followed John Del Vecchio actively managed FLAG ETF for a year and discusses its impressive returns in the Dallas Morning News.
Dallas-based ETF tries to separate fact from fiction
"About a year ago I wrote a column about a newly launched exchange-traded fund called Forensic Accounting ETF (ticker: FLAG) that does all the work for small investors. It was started by John Del Vecchio, 38, a Dallas expert on financial statement analysis and author of the book What’s Behind the Numbers?
How it works
When I discovered his fund, it had only $2.5 million in assets and was barely a blip on the Dallas investing scene. But since then, the fund has started to gain traction, mainly because it has outperformed the Standard & Poor’s 500 Index as Del Vecchio predicted it would. It now has about $10 million in assets.
“We had a very good first year, so that kind of validated the concept,” Del Vecchio said. “Investment advisers and brokers are starting to buy the fund.”
Del Vecchio developed an index called the Del Vecchio Quality Index and then set up the Forensic Accounting ETF to track that index. Here’s the key thing: The index assigns a grade of A to F to 500 large U.S. stocks, and the grade for each company is based on the quality of its earnings.
He and his team scour financial statements looking for companies with aggressive revenue recognition policies, weak cash flows and inventory problems. Companies with the highest quality of earnings receive an A and make up 40 percent of the index. Those with B, C and D each make up 20 percent of the index, while those with F grades are excluded.
The index tracks 400 companies, and it is recalculated every month.
Full story: http://www.dallasnews.com/business/columnists/will-deener/20140420-dallas-based-etf-tries-to-separate-fact-from-fiction.ece
Ranger Equity Bear Portfolio Manager Brad Lamensdorf
"Zillow is destined to go lower because the real estate Web site's shares are way overvalued at 19 times sales, plus it has growing insider sales," says Brad Lamensdorf, portfolio manager for the AdvisorShares Ranger Equity Bear ETF. Lamensdorf is also shorting athletic wear seller Lululemon because of its price multiple and strong competition from Under Armour. Finally, he is bearish on FactSet Research's stock due to a pricing threat from Bloomberg.
Click here to watch the full interview: