Goldsmith comment: I'm flying solo on The Digest today. Porter is driving to the Eastern shore of Maryland to prepare for our sixth-annual Spring Editors' Conference. He's invited our top editors, copywriters, and best contacts in the industry (Doug Casey, Van Simmons, John Doody, and others) to attend.
Every year at the Editors' Conference, we hold two daylong brainstorming sessions on how we can improve our business and deliver more value to you, our subscriber. It's an invaluable experience for the team. And it inevitably leads to great investment opportunities and new research services, like Advanced Income, for example. We also get the occasional far-fetched, but incredibly entertaining presentation...
Last year, at the Jekyll Island Club, Doug Casey explained the surest way to become a billionaire... develop beachfront property in Burma. Despite an oppressive military regime – Doug suggested I marry a general's daughter to circumvent that – I was ready to hop on a plane.
Unlike the Alliance meeting, subscribers don't attend our Editors' Conference. But we still want to give you a chance to view the presentations and garner insight from the best in the business... So for the first time ever, we're going to record it. The entire conference will be available to you at some point in the future. We don't have all the details yet, but Porter will fill you in on Wednesday.
I've got to head out soon myself, so The Digest will be short today...
While Dan Ferris may beat John Paulson in the battle of the gold stocks, there is no way Dan can compete on the volume of gold being purchased.
Paulson owns an astounding 8.7% of the SPDR Gold Shares (GLD), a $2.8 billion position. He also owns 15% of the Market Vectors Gold Miners ETF (GDV), a $680 million stake. And Paulson bought 11% of gold miner AngloGold Ashanti for $1.28 billion. That's a total of $4.8 billion invested in gold and gold stocks... approximately 16% of his entire fund.
Vanda Pharmaceuticals (VNDA) is the second-best performing stock in the U.S. this year, up a whopping 2,238%. Before its stratospheric launch, the company was waiting for the FDA to approve its schizophrenia drug, Fanapt. Wall Street gave the drug a one-in-a-million shot at making it... But they were wrong.
The unpredictable FDA approved the drug a few days ago, and shares soared almost 1,000% in one day. This is just the beginning. Fanapt's approval makes Vanda a prime takeover candidate. We can expect 50% returns from here.
But biotech analyst George Huang believes trying to pick the next Big Pharma buyout is a "sucker's bet." Instead, he has structured a trade around Vanda that could double your money in a few months, regardless of whether a buyout happens. It is one of the easiest and surest ways to make a quick, large gain you'll find this year. George is releasing this trade to his subscribers this evening. To learn more about George's biotech service, the FDA Report, and access his new trade, click here...
More rich people fleeing absurdly high tax states...
Rochester, New York, billionaire Tom Golisano – founder of Paychex, the country's second-largest payroll processor – is fleeing New York's ludicrously high taxes and moving his permanent residence to Florida... where he'll save $13,800 a day in income taxes.
"I can put that money to a lot better use, whether it be charitable contributions or even to try to change the system," Golisano told reporters.
Golisano owns a home in Naples, Florida, and had been considering a permanent move for some time. When New York hiked taxes (its wealthiest now pay around 57%), "It was a very quick decision," he said. The move will save him at least $5 million a year. Though he will keep a residence in New York, he must be out of the state 184 days a year.
New highs: none.
We'll keep you updated from the conference. In the meantime, let us know what's happening with you... feedback@stansberryresearch.com.
"[The Daily Crux is] the best program you ever initiated. We don't have the time to read these boring 'bedside stories', which could be expressed in a few words." – Paid-up subscriber Harald T. Doerge
Goldsmith comment: Thanks, Harald. We put a lot of thought and effort into The Daily Crux. And when we finally launched it – after months of setbacks – we were ecstatic. We're glad you share the enthusiasm. Make sure to check out today's top story, Forget gold... this is how China is fleeing the dollar.
"If this is a paid subscription service which is supposed to give investment advise, why are you doing the same thing you do in your non-subscription emails and that is to push subscribers to other newsletter subscription offers. If you are an advisory service be one and not one that leads you with teaser to other subscription offers." – Paid-up subscriber Steve Weisberg
Goldsmith comment: Well, we're in the business of selling newsletters. And The Digest is a free service we offer to our paid subscribers. The ads we serve – which you can easily skip over – help pay for the publishing costs... which are substantial. Porter, Dan Ferris, myself, and several other employees spend the better part of their day – everyday – writing, editing, and publishing The Digest. We hope you'll endure the necessary evils and continue reading.
Regards,
Sean Goldsmith
Baltimore, Maryland
May 18, 2009