Whenever I need inspiration for a new stock idea, I think about Levi Strauss. Yes, Levi Strauss — the man who invented blue jeans. As a scrappy European immigrant to the land of opportunity, Strauss went West during the California Gold Rush in the mid-1800s seeking his fortune. But he didn’t go as a prospector. Instead, Strauss made his first fortune selling pickaxes, shovels and other supplies to 49ers in search of gold. His second and much larger fortune was made when he decided to make pants out of tent canvas, dye them blue… Read More
Whenever I need inspiration for a new stock idea, I think about Levi Strauss. Yes, Levi Strauss — the man who invented blue jeans. As a scrappy European immigrant to the land of opportunity, Strauss went West during the California Gold Rush in the mid-1800s seeking his fortune. But he didn’t go as a prospector. Instead, Strauss made his first fortune selling pickaxes, shovels and other supplies to 49ers in search of gold. His second and much larger fortune was made when he decided to make pants out of tent canvas, dye them blue with indigo and sell the durable outerwear to would-be gold miners. Simply put, Strauss was an expert in finding trends and profiting from them. This kind of savvy reminds me of a company I’ve followed for more than a decade now. I’m talking about Senior Housing Properties Trust (NYSE: SNH), a real estate investment trust (REIT). And I like this company particularly now, because it’s seizing a huge opportunity to make a lot of… Read More