Yours is the Earth and everything that’s in it,
Tuesday, August 15, 2017
Yours is the Earth and everything that’s in it,
Monday, August 14, 2017
I'm pretty sure I've mentioned Extreme Networks (EXTR) before. I've been holding this stock for a while, and wondering why it has been down over the past 3 months. Sometimes, the market doesn't know what's going on, and investors have to trust their instincts a hold onto stocks that they bought because they believed in the company when they made the purchase.
In the case of EXTR, I fell in love (bad to do, I know) with the company when I figured out what they did and how if worked-into the way companies are doing business today. It's a growth industry, and as such, one has to endure a certain amount of doubt from the so-called "investors" when something happens that they find a reason to sell.
The stock went from the $11 range down to the $9 range in the relatively short time period of three months, on almost no news - other than the fact that the company was signing-up new businesses and otherwise moving their business forward. I had to tune-out the noise and trust my instincts - which were rewarded today. To those who sold into earning, I say, "I'll see you in 10 years."
Next up is Cisco Systems (CSCO) who reports on the 16th. I've held that for a while, waiting for the big news. My faith will be rewarded, I think.
Tuesday, August 8, 2017
Those are the short hairs they want to have you hang from. Rest assured, in some way, they will find a way to get you to pay something close to the money you're paying now. It's in their next meeting. They don't like to lose.
Thursday, August 3, 2017
Young girl, get out of my mind
Well, she was just 17,
Lips like strawberry wineYou're sixteen, you're beautifulAnd you're mine. (mine, all mine)You're all ribbons and curls
Eyes that sparkle and shine
You're sixteen, you're beautiful and you're mine
(mine, all mine, mine, mine)
You're my baby, you're my pet
You walked out of my dreams, into my arms
Ooh, what a girl
We fell in love on the night we met
You touched my hand, my heart went pop
Ooh, when we kissed, i could not stop
Now you're my angel divine
You're sixteen, you're beautiful, and you're mine
Wednesday, August 2, 2017
Monday, July 31, 2017
Sunday, July 30, 2017
Most importantly, on August 2, Square (SQ) reports. As they say, the stock is "priced for perfection," and I anticipate perfection in their earnings release. The mobile pay space is interesting. Some think that PayPal should buy Square, and others think that it is an interesting acquisition target otherwise. It's a volatile stock, and I'd like to see something positive come from management this quarter so that we can get through this trading range.
Thursday, July 27, 2017
OK, so you can have your Amazon, Facebook, Netflix, and Google (FANG) and we all have them, if you own an S&P 500 Index fund (which you should), they represent the top holdings and most of the gain you have had over the past 5 years. That's great, and it's right in your face - or on your computer - whatever. They're easy to spot. The virtual low-hanging fruit. Buy them, don't buy them - the market moves on them, and it's probably just best that we own an index fund and let it run on its own momentum - of which there is plenty.
The fun, and to me, the interesting part comes in finding the high-hanging fruit. The companies that require a little effort and sometimes patience. One of them is yesterday's Limelight Networks, which is up again today off of yesterday's great quarter. Another is Mexican casual "fast-food" chain DelTaco Restaurants (TACO) which reported earnings today. I waited with clenched teeth and sweaty palms, because the casual dining segment has been a mess. Some have prospered and others have failed. The view here was that DelTaco is a growth story, and its growth continues. The big "if" was the profits and earnings. I'm happy to report...
That's a beautiful thing, coming from the restaurant group. Eight-percent growth, meeting or exceeding earnings, and raising guidance. The guidance is the key. If they didn't raise guidance, the stock may have suffered, as investors were probably looking for an excuse to sell it and move on. As it is, there is no reason to sell this, and there may even be a reason to buy more. After hours today, the stock is up 29 cents to $13.10, which is basically where it has traded at the high end over the past month or three. Let's see if Wall Street expresses confidence in them by driving the price up into the 14 to 15-dollar range. That would show me something. As for now, I'm a happy long, and I'll look forward to 2017 and 2018. Maybe I'll get to eat at one of their restaurants?
As for the rest of the goings-on, Starbucks deserves a look if you have a long-range time horizon. The stock is down after reporting a quarter that didn't give anybody a stiffy. For those of you with longer term horizins, there may be a buying opportunity. Just like their coffee, let it cool off a bit before you start sipping. And, you should sip, not gulp.
Wednesday, July 26, 2017
When the CEO of a company you are invested in says something like this (below) I couldn't think of a better reason to (a) have tremendous confidence in the company and (b) encourage me to buy more. Regardless of whether it's a huge conglomerate like Ford or Boeing, or a tiny microcap like Limelight Networks (LLNW) I am thrilled to be in this, and looking forward to watching them grow in 2017 and beyond.
As for the numbers:
Limelight Networks, Inc. (LLNW) (Limelight), a global leader in digital content delivery, today reported revenue of $45.4 million for the second quarter of 2017, up four percent compared to $43.6 million in the second quarter of 2016, and up one percent compared to $44.7 million in the first quarter of 2017. Currency headwinds negatively impacted year-over-year comparison by $0.3 million, or one percent.
Gross margin was 47.1% in the second quarter of 2017, an increase of 390 basis points from 43.2% in the second quarter of 2016. On a GAAP basis, Limelight reported a net loss of $1.6 million, or $0.01 per basic share, for the second quarter of 2017, compared to a net loss of $57.9 million, or $0.56 per basic share, in the second quarter of 2016. The second quarter of 2016 net loss included a $54 million provision for litigation related to the settlement of the Akamai lawsuit. Non-GAAP net income was $2.9 million, or $0.03 per basic share, for the second quarter of 2017, compared to non-GAAP net income of $0.6 million, or $0.01 per basic share, in the second quarter of 2016.
And thus goes the first report of my earnings season. Tomorrow, we hear from DelTaco (TACO) after the market close. I'm still contemplating adding more, but it might be prudent to wait and see what they have to say. Chipolte had a nice quarter, as did McDonald's. But Buffalo Wild Wings stunk it up, and the stock was halted. Ended the day down about 9% after saying that the price of chicken wings was a headwind. Gee, when your business is serving chicken wings, I'd think that you should be better at managing that obstacle. Having eaten there a time or two, I wouldn't buy the stock based on my experience.
The casual dining area is difficult, and if DelTaco can impress with a strong quarter and put out a nice forecast for the remainder of the year, it would present an attractive buying opportunity for long-term investors.
Monday, July 24, 2017
Saturday, July 15, 2017
Thursday, June 22, 2017
Friday, June 16, 2017
Saturday, June 10, 2017
Thursday, June 8, 2017
I have documented that process, so I will not repeat it. Suffice it to say, my time with Thor has been both satisfying and a learning experience. The animals teach us, even though they do not realize it, an they bring joy to us, even though they do not intend it.
He is sick. His kidneys are failing. They were tiny to start with, and now their diminutive size is working against him. He is too young to be going through kidney failure, but old to be doing it with such a small organ.
The satisfaction I bring out of being his caretaker is that he would surely have been dead long ago were it not for me. Some would see it as a rationalization, but I see it as a truth.
He had gingivitis when I adopted him. Two years later, while cleaning his teeth, almost all of them fell out. He was left with a couple of teeth and a still-healthy jawbone due to the diligence of caring for his oral health. Had he been left to suffer, his jaw would have deteriorated, and he would have died.
Pancreatitis caused him to spend three days in hospital and countless more at home without an appetite. I struggled to find food that he could eat, settling on chicken broth and the juice from Fancy Feast fish packets until he was healthy enough to chew.
His last set of bloodwork numbers were bad enough for me to think that he was lucky to be alive, let alone still walking and purring. That was several months ago. The decline has been slow and steady, and his mood has likewise been declining. Lately, he sits alone rather than with me, and sleeps in some secluded spot until I find him and gather him up to sleep with me. It's my selfishness that I require his company, and his selflessness that he wishes to be left alone.
We struggle with out desires. His desire to be left alone to deal with his declining health and my desire to share as much time with him as possible while his health declines. We are at crossed purposes.
As these last few weeks (months?) wind down, I will fight my desire to have him at my side while he fights his desire to show his weakness. I will win, because I am bigger and stronger, but I will feel his pain because that's what I do. The thing neither of us knows is how much longer we have together. I suppose that is true of every human/pet relationship, but in this case, we have a finite time and we know it. I think he knows it, too. He has to know that he isn't the same cat that he was five years ago. I know I'm not the same man I was five years ago, and I'm just a stupid human.
We will carry on. He will get his daily fluid injections (which he has gotten increasingly tired of - as have I) and I will continue to struggle to find food that he will eat - until he stops eating - which I have been told is the next step. His phosphorous levels will get so high that he will lose his appetite. Once he stops eating, it won't be long before the inevitable takes command, and I have to do what I have been fearing.
And then, it will likely be another year before I subject myself to the unconditional love and acceptance that a cat gives me. After all, there's only so much more of that I can take.
Saturday, June 3, 2017
- Tom Smothers, 1967
Tuesday, May 16, 2017
Thursday, May 11, 2017
That's my usual response: "How the fuck.." with the middle being "...can they" and the end being "...that?" With a question mark. I suppose I prefer the company of those who are economically challenged, otherwise, why would I be asking these questions?
I know how much money I make, and I have an idea how much money they make - and I cannot make the two equal the same "Middle Class" qualification - so, I figure there must be some other sociological classification that they fall into, or I fall into. Either way, it's disturbing to realize that I am not in the same social circle as people that I am equated with. Why don't I fall-in with the same people I am supposed to be in a "class" with? Economically, I'm not close.
And therein lies the rub: My discomfort with people. In general, or sociological; whatever.