🦕 The Dinosaur
Issue 13
Old-Fashioned Stock-Picking for Modern Markets
June 9, 2026
From the Editor
PLEASE NOTE:
- Any discussions or information shared in this conversation about stocks or potential trades are for informational purposes only and should not be construed as investment advice.
- Before making investment decisions, individuals are responsible for their own research and consulting with a qualified financial advisor.
- We, or our affiliates, may have positions in the stocks mentioned, potentially influencing our opinion.
- You should not buy equities unless you are prepared to sustain a total loss of the money you have invested plus any commission or other transaction charges.
No Virginia, the market is probably not going to crash in the wake of Broadcom’s (AVGO) fine but disappointing quarterly results. However, the market is likely to remain in a fairly tight trading range over the coming weeks so that the very expensive call options on popular stocks that were sold by connected and savvy traders can either expire worthless or be bought back more cheaply.
I remind you again, until some unexpected news or black swan event, market makers can facilitate trading at almost any price they choose on any given day, especially on the most liquid stocks.
Corning (GLW) has skyrocketed to nearly $200 from $20 a few years ago. It’s a fine, important, and well-run entity trading at roughly 10x revenues. It will probably go higher but undervalued it ain’t, although there are plenty of “newer” stocks with way higher P/S ratios.
If you want to play the photonics/glass substrate space, may we suggest a peek at far cheaper alternatives, such as AGC (Japan – formerly Asahi Glass Co.), LPKF Laser & Electronics (Germany), and ams OSRAM (Switzerland).
We have fielded numerous inquiries on Bitcoin in recent weeks. The advice here is the same today at $64,000 as it was at $3,000. Stay away. Equities remain superior hedges against hyperinflation because they generate actual cash flows and generally exist!!!
In Closing
*The Dinosaur* doesn’t roar, it rumbles quietly, patiently, confidently. When the tide turns—as it always does—those who held to discipline, valuation, and patience will be well rewarded.
Until next time,
—The Editor
