Month: August 2010
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CEO Interview: He puts the KIT in KITD
As you all know, Money McBags has thoroughly covered KITD on When Genius Prevailed over the past several months as it is a small, controversial company that Money McBags believes has big potential and yet is extremely cheap because it is fundamentally a bit weird and simply misunderstood. — Money McBags posted several questions for…
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8/30/10 Midafternoon Report: Warren Buffett turns 80 as he and the S&P race to 100
The market was fairly quiet today with many investors spending their last summer week basking in the sun, sipping on margaritas, and enjoying the last days of the S&P above 1,000. In fact news was so thin this morning that the NY Times business cover story told you about retargeting as the reason why you…
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8/27/10 Midday Report: Economy GDPeed on
The market was up today despite the government lowering their forecast of Q2 GDP to 1.6%, down from the 2.4% they fabricated last month and likely up from the lower number they will make up next month in their “hold the shock and hope for no awe strategy.” Growth in the economy has now…
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8/26/10 Midevening Report: Market continues to sag as it lost its benefits package and can no longer afford viagra
The market was down again today because it was open and because good news seems less likely than Nouriel Roubini going long FAS or Ron Paul posing as the centerfold for the Fed’s monthly newsletter (we hear his likes would be small government, long walks on the beach, and insanity). Investors anxiously await tomorrow’s latest…
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8/24/10 Midday Report: Housing boom now bigger bust than Dolly Parton’s, though a lot more affordable and without the old lady smell
Money McBags tweeted, facebooked, and even semaphored that he will be traveling Monday through Wednesday of this week and thus likely would be absent from When Genius Prevailed for a few days (even God took one fucking day off), but with the market going back to hell (or at least the 666 low), Money McBags…
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8/20/10 Midevening Report: Market keeps going down, investors worry it may develop lockjaw
The market continued to stumble today as if it were Heather Mills on an inclined treadmill. With a dearth of macro news, the sell off was still a result of yesterday’s craptacular economic data where new claims for unemployment jumped, productivity in Philly shrank, and as always, Hannah Hilton remained retired (and please Hannah, come…
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8/19/10 Midnight Report: No work and no pay makes the market a dull buy
Look out belowwwwwwwwwwwwwwwwww as the market is falling faster than Eliot Spitzer’s pants at the Mayflower hotel. Investors have finally decided to ignore the marginally good earnings data this quarter which was a lot of bottom line growth with weak toplines and instead pay some attention to macro data which is trending worse than Club…
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8/18/10 Midnight Report: Market flatter than 13 year old girl in honor of Roman Polanski’s birthday
The market was up modestly today as earnings were mixed and macro data was as non-existent as leprechauns, free will, and married women who swallow. Seriously, macro data was more fallow than Betty White’s uterus so investors were left to sift through earnings reports and finally get around to petitioning the CFA society for their…
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Small Company Update: Lets get KIT Digital, let me hear your VAMS talk
KITD reported their Q2 earnings the other day and as promised, Money McBags is here to break it down for you with the good (EBITDA), the bad (share buyback talk? ugh), and the ugly (the actual video presentation where management talked in front of a wall of TVs, one of which was showing a hot…
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8/17/10 Midevening Report: Market gets higher thanks to POT
Money McBags is back today after technical difficulties kept him from dropping some market knowledge yesterday. He’d like to say his absence was because he was busy trying to solve some of the world’s greatest problems such as auditing the recent proof of P vs NP (which showed that P does not equal NP, though…