Blue Point News

When Does A Good Investment Become a Bad Investment?

February 21, 2020 - A good investment becomes a bad investment when it becomes evident to the buyer that they overpaid. This concept applies not only to individual investors, but also in the case of share buybacks, when a company overpays for shares. Typically, share buybacks are used by a company to return earnings to shareholders.

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Baltimore Business Review 2020

February 21, 2020 - This piece was produced jointly by the CFA Society Baltimore and the Towson University College of Business and Economics. It was co-edited by Niall O'Malley, who serves as program committee and board member for CFA Society Baltimore. O'Malley also wrote "When Does A Good Investment Become a Bad Investment?" starting on page 14.

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When to Sell? How Should You Protect Yourself from the Risk of Falling Values?

January 10, 2019 - These are two of the most important questions in my conversations with investors as I write this article in September 2018. The U.S. equity markets have posted positive returns in each of the past nine calendar years. This is only the second time over the past century that equities have posted gains for nine consecutive years.

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Baltimore Business Review 2019

January 10, 2019 - This piece was produced jointly by the CFA Society Baltimore and the Towson University College of Business and Economics. It was co-edited by Niall O'Malley, who serves as program committee and board member for CFA Society Baltimore. O'Malley also wrote "When to Sell? How Should You Protect Yourself from the Risk of Falling Values?" starting on page 14.

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June 6 Radio Interview Podcast

July 11, 2018 - On June 6, from 6 to 7 pm, Money, RIches & Wealth welcomed Blue Point Portfolio Manager Niall O'Malley. They discussed where to invest in this turbulent year of 2018.

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Why are Technology Companies So Difficult to Invest In?

January 10, 2018 - Technology companies are one of the most challenging industry sectors of the economy in which to invest. The risk of failure is above average. New technologies require huge amounts of capital investment before they realize their revenue potential, so the investor bears the cost of building before customers come. Further, valuations are enormous, and the profits are often nowhere to be found. The challenge is identifying the public companies that will offer innovations that will gain acceptance, be perceived as value-added products or services, or even become essential to daily life.

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Baltimore Business Review

January 10, 2018 - This piece was produced jointly by the CFA Society Baltimore and the Towson University College of Business and Economics. It was co-edited by Niall O'Malley, who serves as program committee and board member for CFA Society Baltimore. O'Malley also wrote "Why are Technology Companies So Difficult to Invest In?" starting on page 12.

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30 years since Black Monday, local money managers say they're ready if it happens again

October 17, 2017 - Randy McMenamin went into work on Oct. 19, 1987, ready to buy stocks. By the end of the day, he was telling himself, "Holy you know what." Thirty years later, Black Monday still remains the biggest single-day stock market collapse in history, partially the result of computer programs automatically selling index futures amid a drop in the markets. The Dow Jones Industrial Average fell more than 500 points, or 23 percent. McMenamin was working on the investment side of Baltimore's Mercantile-Safe Deposit & Trust Co. at the time. Now a managing director at Hunt Valley-based Tufton Capital Management, McMenamin and other local money managers say they have not forgotten about the infamous day, and they think a big collapse will inevitably occur again one day.

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Alum & International Investment Adviser Niall H. O’Malley Shares Why "A Global Perspective Is Key"

March 22, 2017 - Meet Niall H. O’Malley (IES Abroad Vienna | 1989-90), Founder and Portfolio Manager of Blue Point Investment Management, LLC, and our March Alum of the Month. Before embarking on his year abroad in Vienna, Niall never expected to witness the history that was about to unfold - from the fall of the Berlin Wall to the Velvet Revolution in Czechoslovakia to the Romanian Revolution. His experience inside the classroom was also transformational - leading him to change his major, and combine his love of history with finance and economics.

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How Baltimore’s Natural Advantages and Infrastructure Can Lead to Economic Growth

January 11, 2017 - In recent history, Baltimore has been challenged by a lack of economic opportunity, but that need not be the case moving forward. One of the most effective ways to enhance economic opportunity is to understand the region’s natural resources and then invest in these natural advantages to deliver economic growth to both the city of Baltimore and the state of Maryland. See page 26.

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Baltimore Company Stocks Are Mixed Amid Market Turmoil in January

January 29, 2016 - U.S. stock markets swooned in the new year amid fears that an economic slowdown in China would spill over into domestic recession and as oil prices plummeted. Yet for some of the Baltimore region's largest public companies, the markets were more mixed for [...]

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Is Short-Selling the Tail Wagging the Dog?

January 7, 2016 - Sometimes a simple question does not have a simple answer. To understand the role of short selling, one has to step back and try to understand how short selling impacts price discovery in equity markets. We are familiar with the terminology short squeeze, prime brokers, and short interest, but what does it all mean?

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Limitations and Consequences of ETFs

January 5, 2015 - Before delving into the limitations and unintended consequences of Exchange Traded Funds (ETFs), it is important to define an ETF. Where did these investment vehicles originate? How significant are ETFs to investors? The first Exchange Traded Fund was launched in January 1993 by State Street Global Advisors under the ticker symbol 'SPY'. The ETF was designed to track the value of the S&P 500 [...]

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High Frequency Trading Explained

May 4, 2014 - The national and global market system for securities has changed in recent years, neither by intent nor by design. New technology and the recent for-profit orientation of securities exchanges has led to the rise of a new class of securities market participants who dominate trading volume while profiting from an informational advantage. High-frequency traders are known for their short holding periods [...]

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Reversal of Fortune

January 7, 2014 - As an investment manager, I seek investments with sustainable growth. I have the freedom to look anywhere in the world. Quietly, the U.S. has developed a competitive advantage in energy costs that is rewriting the history books.

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Preparing for 'the Big One'

July 9, 2013 - Having lurched from flash crash to hash crash over the last three years, is the US equities market structure sound enough for  the coming correction?  When Belfast locals discuss the city's relationship with the doomed RMS Titanic, they often joke: "She was fine when she left here." [...]

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Warren Buffett's Annual Meeting 2013

May 9, 2013 - There is no known parallel to Warren Buffett's Annual Meeting. What would possess 35,000 people to travel from around the world for the meeting? In a world where there is an oversupply of information, it might be as simple as the desire for someone to put [...]

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Baltimore-Area Stocks Rebound

April 16, 2013 - The stock market rebounded Tuesday after Monday's sharp sell-off following the fatal bomb blasts at the Boston Marathon. The three major indexes - the Dow Jones Industrial Average, NASDAQ and Standard & Poor's 500 - all climbed higher Tuesday as did major Baltimore-area stocks.

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SEC Weighs Bigger Stock-Price Increments 12 Years After Pennies

February 4, 2013 - Twelve years after the U.S. switched to 1-cent increments for stock trading to save investors money, regulators and broker-dealers are considering a test of larger tick sizes. A pilot study of bigger quoting increments to improve liquidity in less-active stocks will be debated by executives from exchanges and brokers, market makers and academics [...]

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How Does Fair Participation Affect Investor Confidence? - Submitted to SEC

November 2, 2012 - Since its inception the SEC has had a legislative mandate to create "fair and honest markets". Largely, the SEC has achieved this through adaptive rule making that is open to public commentary while implementing Congress's legislated changes.

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With New Buyer, Sparrows Point Faces a Possible End to Decades of Steelmaking

August 10, 2012 - Steel from Sparrows Point built the Golden Gate Bridge, the Chesapeake Bay Bridge, hundreds of ships for World War II and livelihoods for tens of thousands of Baltimore-area families. The story of the massive steel mill follows the arc of American manufacturing.

Takeaways from Blue Point Investment PM Niall O'Malley's Pilgrimage to Warren Buffett's Annual Meeting

May 9, 2012 - This article originally appeared in CITYBIZLIST on May 9, 2012 The turmoil in the financial markets during the past four years has galvanized the need for a balanced approach in uncertain times.

Rust Belt Rising - Maryland's Manufacturers Are Rising

January 3, 2012 - U.S. and Maryland manufacturing have receded for the past 40 years as cheaper emerging market manufacturing resulted in the wholesale relocation to the emerging markets. Outsourcing has been a persistent buzzword. There is growing evidence that manufacturing in the U.S. and Maryland is on the rise.

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Baltimore's Star Stock Pickers Say Bigger is Better These Days

January 14, 2011 - As the economy starts clawing itself out from the crater dug by the Great Recession, a portfolio manager at T. Rowe Price thinks the nation's biggest companies are in the best position to take advantage of the turnaround.

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What an Emerging Opportunity Means for Maryland Companies

January 5, 2011 - As income levels grow, emerging market consumers become a more important force in creating an opportunity for Maryland based companies. To understand the recent changes in the consumer market it is helpful to step back and look at the recent role of the emerging markets.

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Lehman Bros.' Fall Still Dogging Some of Baltimore's Largest Stocks

September 20, 2010 - Greater Baltimore stocks took a beating in the market's near collapse two years ago - and some have yet to recover. The region's 10 biggest publicly traded companies lost a combined $2.7 billion in market value since Lehman Brothers' bankruptcy filing on Sept. 15, 2008.

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Baltimore Stocks Go High and Low as Market Rebounds

April 23, 2010 - The Dow Jones Industrial Average closed above 11,000 for the first time in more than a year and a half April 12 — marking a return to a height not seen since a tumultuous September 2008 that shook Baltimore and Wall Street. But can the same be said for local stocks?

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Right on the Money

April 9, 2010 - This is an interview with the Portfolio Manager, Niall O'Malley which was originally published in the Baltimore Business Journal. "Niall O'Malley has impeccable timing.  The businessman began seeing the cracks in the American economic system three years ago and decided to leave his job as vice-president..."

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How is China's Growth Creating Opportunities in Maryland

January 5, 2010 - There are many ways to look at investments. As a portfolio manager, I use growth at a reasonable price (GARP) as a framework to shape my observations.

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Market-to-Market Commentary Submitted to the SEC

December 8, 2008 - Synchronized global deleveraging and cash hoarding are creating overstated capital shortages as fair value increasingly deviates from intrinsic value. 

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