Dasan Stock Digest 01.04.10 Issued 1/4/10

Dasan's full review of 2009 and a look ahead to 2010. Includes portfolio to start 2010 with. Almost 40 pages!

Dasan Stock Digest 1.2 Issued 11/05/09

In DSD 1.2, Dasan reviews the volatile market action of October, and gives an earnings recap. He picks apart the Bear market argument, point by point, and explains why the bull case is stronger. He describes in some detail 2 cheap, timely stock investments.

Dasan Focus Report 1.1 - AMZN Issued 10/25/09

In this Focus Report, Dasan examines the strange trading in Amazon (AMZN) stock - lessons learned, money made, and how Mr. Market had Wall Street analysts doing all kinds of crazy things again.

Dasan Tech Monthly 1.0 Issued 10/18/09

Inaugural Issue of Dasan Tech Monthly. This issue covers a brief overview of tech themes over the last 3 decades, the state of the tech industry today, and the 4 biggest current tech themes. A list of M&A candidates is included, and detail on 2 possible takeout candidates.

Dasan Gaming Monthly 1.0 - Stock FocusIssued 10/14/09

Due to the fact that this issue contains specific research on an individual stock, this will be the teaser. We simply can not place any information in here without revealing his buy alert (aka stock focus) on the Vegas market.

Dasan Stock Digest 1.1 Issued 9/31/09

The first half of 2009 was one of the hardest investment periods I have seen in my 15 years of professional investing. January and February were debilitating, awful battles against legions of doomsayers and panic-stricken individual investors.

After a one day rally based on “Election Day Euphoria,” the equity markets went straight downhill. Record amounts of investors cashed out of funds in February and March which pushed the market to unnatural lows.

Even Apple, with $28 in cash per share, was pushed down to $85 per share, which valued the company at about 8.7 times earnings when adjusted for subscription-based accounting of iPhone sales. 8.7 times earnings for a company that will still grow 6% in the worst recession in our lifetimes -this was temporary insanity!

Dasan Gaming Monthly 1.0 Issued 10/11/09

I have a special place in my heart for casino stocks. The first two stocks I bought were shares of Hilton Hotels (old ticker: HLT), and Golden Nugget (old ticker: GNG). Hilton Hotels still owned Caesars Palace, the grandest casino at that time. Gaming stocks are volatile and highly levered, with high fixed costs. Barriers to entry are formidable at certain parts of the cycle and sometimes casino projects can pay for themselves in months, not years. This makes them very attractive to opportunistic equity investors.

Gambling was always thought to be recession-proof, now most observers say the current recession's heavy toll on casino companies is proof that is not. I disagree. The casino industry, like housing, was overbuilt and fueled by easy credit. Gambling may be recession-proof, but $400 room rates, expensive night clubs and spas are not.

Dasan Stock Digest 1.0 Issued 9/30/09

Thank you for subscribing to Dasan Stock Digest. I plan to write quality stock research, untainted by the usual conflicts of interest that is common on Wall Street.

I made my first stock trade while I was a cadet at West Point: shares of Hilton Hotels (HLT) and Golden Nugget (GNG). I had no idea what I was doing, I made a few hundred dollars, and I was hooked. I couldn’t believe that people actually got paid to invest in stocks – it was like getting paid to go to a casino.

After a few years in the Army, I spent over a decade with Merrill Lynch, PaineWebber and UBS in Private Wealth Management. I never fit in there very well, because I loved doing stock research and those firms wanted “advisors” to get on the phone and sell, sell, sell. I learned that most stock research, while well-intended and written by smart people, is usually biased or simply a reflection of groupthink.