I’ve been interested in Chipotle Mexican Grill (CMG) for quite a while now. They have a location on Douglass and Sierra College Boulevard a couple miles from my house and I’ve been eating there for years. I remember when they…
Today after the close Washington Mutual (WM) announced a $3.3 billion 2nd quarter loss driven by a $6 billion provision for loan losses (WM Earnings Release). WaMu has a quarter trillion dollar ($250 billion) loan portfolio, almost entirely in real…
As we all know, the housing market is driving everything in this bust. And the financials, as the source of all the financing for the housing market, have borne the brunt of the pain and have led the entire stock…
I’ve been getting a lot of e-mails and compliments since my post from Tuesday afternoon “Today Is The Bottom In The Financials” proved to be right on. So I thought it would be useful to update my outlook. Since then,…
The number that I and everyone else will be focusing on is the GMV number, which was disappointing with only 8% growth. – John Aiken (subscription required), Analyst, Majestic Research eBay (EBAY) reported 2nd quarter earnings after the close yesterday (EBAY Earnings…
What do I think is really going on here? I think that regulators are very, very concerned about the collapse of the stocks of major US financial institutions and are grasping at straws as to what to do about it….
Intel had another strong quarter with revenue at the high end of expectations and earnings up substantially year over year. As we enter the second half, demand remains strong for our microprocessor and chipset products in all segments and all…
One thing that’s essential is enormous volume. With gigantic volume you can read the markets true opinion – we will need outsize volumes to be able to say ‘Okay, the bottoming or topping has occurred’. It won’t be the end…
In a modern financial system, nothing is more frightening than a run on the bank. – Tom Petruno, “When faith is frayed”, July 12, 2008, LA Times As most of you know by now, the Federal Government closed and siezed…
If you’re going to be a trader, and you don’t have to be and trading is not the core of what I do, at some point you have to pull the trigger. We always want that perfect, can’t lose, super…