Thom Calandra

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Thom Calandra was co-founder and the founding editor and chief columnist for CBS MarketWatch.com and its related properties until his resignation in January 2004. He is an active investor and also the founder of Thom Calandra's Stockwatch, The Calandra Report and Ticker Trax.

Background and personal life[edit]

Calandra was a commentator on investing topics for almost 25 years, and was the San Francisco Examiner's daily investing columnist. He also appeared on the CBS Evening News, CBS Radio Network, and the CBS MarketWatch Weekend television show. Calandra was also a longtime journalist for many newspapers and wire services. He was a London-based columnist for Bloomberg News and was the online financial editor of USAToday.com.[1] The TJFR Group named Calandra one of the top 100 financial journalists in the United States.[2]

Calandra was editor of the 2002 book How America Made a Fortune and Lost Its Shirt. He was an investor in Bambi Francisco’s Vator.tv. He is the author of a self-published novel, Pablo By Numbers.[3]

Calandra holds a Master's degree in English from the University of Arizona and a Bachelor's degree of Arts from City University of New York at Brooklyn College.[citation needed] He lives with his wife and two children in Tiburon, California. He visits approximately 35 natural resources properties each year across Africa, the Americas, Africa and Europe. He is an investor in the privately held Ivanhoe Nickel & Platinum in the Republic of South Africa. Most of his holdings are in natural resources, primarily gold, silver, platinum, molybdenum and copper.

SEC complaint[edit]

In January 2004, Calandra left Marketwatch.[4] The SEC later accused him of selling stocks shortly after his investment newsletter's positive recommendations of the stocks caused their prices to rise, without disclosing the sales. In 2005, Calandra settled the charges by paying a fine, without admitting or denying the allegations.

In settling with the SEC, Calandra agreed to pay a $125,000 fine and give back $416,109.

The SEC said that "[...] Calandra made over $400,000 in illegal profits buying shares of thinly-traded, small-cap companies, writing highly favorable newsletter profiles recommending the companies to his newsletter subscribers, and then selling the majority of his shares when the increased demand generated by his favorable columns drove up the stock price."

The SEC said that from March to December 2003, Calandra made over $400,000 through buying shares of different small-cap stocks while writing favorable newsletter profiles recommending the stocks, and then selling the shares when the stocks rose after his columns were published. At the time, Calandra was one of the best-selling financial newsletter writers in North America.

The SEC said in a statement that Calandra "betrayed his readers' trust" by using his newsletter to engage in trading profits. "Calandra's readers were entitled to know about his trading activity, so that they could evaluate the credibility and impartiality of Calandra's investment advice for themselves," SEC District Administrator Helane Morrison said in a statement.[5]

Stockhouse[edit]

On the 18th of November 2008, Stockhouse took on Thom Calandra for its website and paid subscription service "Ticker Trax." This occurred after a debenture issue to mostly undisclosed places. Ms Marcus New was disclosed as a place. ) [6]

In his inaugural issue of Ticker Trax, Mr. Calandra began: "We will, I hope over the course of a year's approximately 30 or more issues, have spawned and nurtured a select family of garage-loft investors who can rely upon me and each other for a hand to hold, a property to market, an ear to listen."[7]

"Ticker Trax" was marketed:

"For only $399 you will receive over 30 issues giving you access to unique research about new investment opportunities that have potential to make you 10x, 100x, or even 1000 times your investment in this newsletter."[8]

Baby Bulls[edit]

Thom Calandra is a part of "Baby Bulls" [9]

"Baby Bulls" describes itself as ...

"•We are a financial investor and public relations firm formed in 2001 and headquartered in Del Mar, California.

•We are comprised of three professionals, each with experience and expertise in investor relations, market support, and awareness activities." [10]

Baby Bulls markets itself to public companies as having a "Public Focus"

"We provide investors with unique and syndicated content relating to our client companies, including press releases, articles, research reports, and analyst reports, on an ongoing basis, free of charge. And while our content is free, we do require that investors “opt-in” to receive our “Daily Updates” by providing us with an email address. As a result, we have developed a large and increasing audience of 100% opt-in investors and it is access to these investors which benefit our clients." [11]

Torrey Hills Capital[edit]

Calandra started consulting to Torrey Hills Capital in May 2011.[12]

Calandra describes himself as a consultant to Torrey Hills Capital.[13]

Responsibilities are described as ... "liaison with senior management to develop comprehensive evaluations and analysis of client companies as well as coordinate and attend property site visits." [14]

The Calandra Report[edit]

On August 11, 2012 Calandra announced the resumption of "The Calandra Report".[15] Calandra was quoted ... "The goal here is to take advantage of what appear to be cheap prices for metals equities, and in some cases other forms of resources (properties, warrants, debt). We'll have the occasional trading opportunity too: metals, energy, and one or two bio-medicals. You will not be hearing from the Calandra Report unless I have done all of the scrub work necessary to ensure what in my view will be a profitable trade or hold."[16]

References[edit]

  1. ^ MarketWatch.com's chief commentator quits, Michael Liedtke, Associated Press, January 22, 2004
  2. ^ CBS Marketwatch. "Executives". 
  3. ^ Calandra's homepage
  4. ^ "Calandra Settles Fraud Charges," Marketwatch.com, Jan 10, 2005
  5. ^ "Calandra Settles Fraud Charges," Marketwatch.com
  6. ^ Stockwatch (June 6, 2010). "Invictus Financial left with nothing". 
  7. ^ Stockwatch (June 6, 2010). "Invictus Financial left with nothing". 
  8. ^ Stockhouse (2010). "Taking it to the streets". 
  9. ^ Baby Bulls (2010). "Our Team". 
  10. ^ Baby Bulls (2010). "Who We Are". 
  11. ^ Baby Bulls (2010). "Our Services". 
  12. ^ Torrey Hills Capital (2007–2011). "Our Team". 
  13. ^ Torrey Hills Capital/Baby Bull Twits (2012). "Thom Calandra @large". 
  14. ^ Torrey Hills Capital (2007–2011). "Services". 
  15. ^ Thom Calandra (August 11, 2012). "TCR returns". 
  16. ^ Hinde Capital (August 7, 2012). "Hinde Capital expects gold breakout -- just as Calandra Report returns". 

External links[edit]