“… intense competition slowed second quarter revenue and subscriber growth…” – Reed Hastings, CEO Netflix “Blockbuster is kicking their butts…” – Michael Pachter, Analyst, Wedbush Morgan “…. competition from Blockbuster has been wreaking havoc with Netflix’s business……” – Derek Brown,…
A month ago the big story was rising interest rates. Everybody was talking about how the economy was holding up while inflation was still a problem and so, far from cutting rates later this year, the Fed’s next move might…
From time to time I’ll write a little report on a stock to keep a record of my own thinking. I just finished one on Taser (TASR) which reports 2nd quarter earnings before the open on Monday (7/23). I thought…
The Dow closed above 14,000 for the 1st time today – at 14,000.41. It’s taken less than three months, only 12 weeks and a day, for the Dow to make the 7.7% climb from 13,000 (which it first closed above…
The Dow Jones Real Estate Index peaked in February and is down about 20% since then. Because the stock market is a leading indicator and a similar peak in homebuilder shares in the Summer of 2005 coincided with the peak…
Epidemic adj.: Spreading rapidly and extensively by infection and affecting many individuals in an area or a population at the same time. Narcissism n.: A psychological condition characterized by self pre-occupation, lack of empathy and unconscious defecits in self esteem….
“I do not view this as a Bear Stearns problem, but a systemic one.” “This could force a wide variety of other holders of subprime mortgage securities and CDOs to meaningfully revalue their holdings. That would cause significant declines in book…
This morning around 4:00am, after 16 hours of final table play, Jerry Yang, a 39 year old, father of 6, Laotian immigrant based in Temecula, CA, who has only been playing poker for 2 years, won the 2007 World Series…
It seems like the biggest story of the last 4 weeks, the problems at two Bear Stearns hedge funds involved in subprime mortgage backed securities, is coming to an end. In a letter to clients (subscription required) Bear had this…
Kirk has a post up from last Monday on Socially Responsible Investing that I want to recommend to you all. Alot of people have no interest in socially responsible investing because they believe that investing this way hurts your results. …