Stand, kneel, sit, take off your cap ... do whatever they tell you, right?
Thursday, May 24, 2018
Stand, kneel, sit, take off your cap ... do whatever they tell you, right?
Tuesday, May 22, 2018
I sold my position in Extreme Networks (EXTR) after a double over the past year. In retrospect, I could have sold it much higher, but I usually wait for earnings, and this latest report was absurdly negative, so I decided to cash-in my profit rather than wait for the upturn, which may take more than a year.
I also sold 25% of my stake in Square (SQ). As much as I love the company I felt like the stock had run-up to $55 from my purchase price of $26, so I felt it prudent to take some profits and watch it go, if it does. There has been some selling over a recent battle with PayPal (PYPL) and frankly, I’m not worried. The way things are today, the market reacts negatively to any sort of competition. Whether it’s Amazon, Costco, or WalMart, it seems that there is little tolerance for any sort of competitive interference.
it’s odd, because the market itself is based on competition, and companies like Square have been able to prosper in the face of it - so, I just turn a deaf ear to it.
Where is the new money going? General Electric (GE), which I have been buying since its seeming low at around $12. It’s difficult to turn a battleship, and GE may be one huge battleship that will take years to turn. As for me, I’m still buying now that the stock is at the $15 range, and I continue to be looking at it as a turnaround story.
UnderArmour (UA) has run-up too much for my liking recently. I started buying it in the $11 range, and was hoping it would stay there for a while so that I could accumulate more. Unfortunately, a couple of positive earnings quarters and upgrades have sent the stock into the high-teens, and I’ll hold it here waiting for either a positive catalyst or a negative that would prompt me to buy more.
DelTaco (TACO) continues to be a hold. The stock has been quietly gaining ground as the casual dining segment begins to find its footing. As I have said, I have faith in management, and I own enough that I don’t look to add more, but merely hold on and wait for the market to catch up with this wonderful story. It may take a year or more, but - where am I going?
Regional banks are a new story. With rates rising, and tax breaks making the space a reliable place to be, I continue to hold Key Bank (KEY) and have put in an order to buy more if it goes to $20. The stock is fairly valued here, but could dip into the 20-range, which I feel would make it a buy. There are other regionals, including Regions Financial (RF) Huntington Bancshares (HBAN) Philly-local The Bancorp (TBBK) and OFG Bancorp (OFG) that are compelling, but - do your due diligence.
Oil continues to go higher, and my investment in Cenovus (CVE) has been a winner, running from $7.25 to $11.00 as the price of oil has risen. The thing about investing is, you can’t get worked-up over short-term pain that you may experience as a consumer. Rather, you have to appreciate that it’s going to happen, and take advantage. I hate oil like a passion, but there’s no doubt that the place to be is in the oil and natural gas space. It’s not too late. CVE is valued at $21 a share. Wait for a dip and get in.
Meanwhile, long-term holdings Pfizer (PFE) and Cisco Systems (CSCO) continue to chug along. Even though it appeared that there was a selling opportunity in Cisco after their latest earnings report, I felt like the CEO had enough positive things to say that the long-term outlook was sunnier than the short-term, which is where we tend to look.
As for Pfizer, the long-term story is more compelling than the short-term selling opportunity. Both CSCO and PFE pay an appealing dividend, so I’m content to be paid to wait.
Meanwhile, I’m looking for an opportunity to sell Acco Brands (ACCO) as I feel that I’ve waited long enough for something to happen. Looking in the $13 range to get out.
Still compelling: Microsoft, Salesforce, Hanes Brands, Allergan, and Slumberger. Do your research.
Sunday, May 20, 2018
Some things are just too hard to figure out with our small people brains.
Lawn darts killed three children between 1970 and 1994, and as such, they were made illegal in the United States and Canada.
On 19 December 1988, all lawn darts were banned from sale in the United States by the Consumer Product Safety Commission after they were responsible for the deaths of three children since 1970. In 1989, they were also banned in Canada.
In 1982, some nutjob poisioned some Tylenol capsules. As a result, we can’t open a bottle of pills or a beverage without going through a major operation, even though authorities never identified who was responsible.
The Chicago Tylenol murders were a series of poisoning deaths resulting from drug tampering in the Chicago metropolitan area in 1982. The victims had all taken Tylenol-branded acetaminophen capsules that had been laced with potassium cyanide. A total of seven people died in the original poisonings, with several more deaths in subsequent copycat crimes.
Cigarettes kill us (supposedly) with second-hand smoke. As a result, people can’t smoke in public places because that endangers the general public, although not immediately.
Meanwhile, children are being shot and killed in schools across America, and little or nothing is being done about it. If cigarettes, lawn darts, or Tylenol had the political power of the National Rifle Association, (why isn’t it the National Gun Association?) we’d still be able to smoke in public, open a bottle of pills, or play a game on our lawn without violating the law.
As it is, there is a dedicated band of gun nuts (yes, nuts) who feel like our Constitution allows them the right (Right) to kill people with their weapon of choice, while other less offensive weapons have already been deemed illegal by whatever law you want to apply.
Your right to form a militia has been replaced by our military, and your right to "bear arms" has been replaced by the military’s ability to do the same thing in lieu of your living room. It’s simple, really.
The Second Amendment is an antiquated idea whose time has come and gone. It is time for the NRA and their financial supporters to realize this, and come to the conclusion that our so-called rights infringe on others’ rights to life, liberty, and the pursuit of happiness - which I also know is in that Constitution that you so heartily support.
Friday, April 20, 2018
Thursday, April 19, 2018
Monday, April 2, 2018
Tuesday, February 20, 2018
Well - I’m guessing that is about to come to a crashing halt.
The most recent school shooting in Parkland, Florida - and by “most recent school shooting” it should alert you as to what is coming - has brought to mind several things that you humans have been debating but have brought upon yourselves. What?
The good-old Second Amendment to the Constitution, for one. It was written by a group of white slave-owners who also believed that one shouldn’t vote unless HE was a land owner. This came in a time when single-load muskets were technology, and militias were formed to fight-off British invaders. Gain some perspective.
Nowadays (I’m sure you’ve heard) we have semi-automatic weapons, and guns that can fire-off hundreds of rounds a second. Not only that, but the militia has been replaced by an on-call military that doesn’t have to dress-up in their homes to defend our nation. We pay taxes for that.
AND, they supply their own weapons. Go figure.
The part you get hung-up on is the idea that the Founding Fathers were some sort of supernatural sages who foresaw a nation where muskets and citizen army’s were going to be normal. It’s not.
They didn’t have any idea that children in school would be shot to death several times over the last 30 years, or that people going to concerts would have to fear for their lives, or that people boarding airplanes would have to remove their shoes ... you get the point .... right?
The second amendment is an antiquated notion, and we lean on it out of habit - not out of nevcessity. Nobody outside of the military needs an automatic weapo, and it’s not what the second amendment meant by “the right to bear arms.” You know that.
We entrap ourselves with a lot of old-world notions that have no place in modern society. You accept computers, cell phones, air conditioning, and other such modern conveniences - yet you will not accept the idea that a notion brought about 200-plus years ago is somehow relevant to modern society.
Meanwhile, your children are being gunned-down in your support of this stupid idea.
So, go ahead and un-friend me, un-follow me, dislike, or whatever - hate me - because your politics or your ideals conflict.
The fact is - if it wasn’t for that ridiculous notion put forth on July 4, 1776 your kids would be safe because you wouldn’t be beholden to an antiquated notion of what you refer to as “freedom” because some guys with their heads in stone on a monument said it should be so.
Get your fucking head out of the sand.