About to Put Some Money to Work

I think I might’ve shot myself in the foot with the last LITB post, considering the fact that I own the damned stock. I couldn’t help myself. I had to discuss the important matter of crying babies being present on the conference call. Having said that, I like the stock here and might even buy it. When I was talking crap about it, the stock was up 5%. Now that it’s down 5%, with $2 in net cash and the company beating estimates, trading about 1x sales, LITB is an interesting long term proposition, providing they can keep babies out of their conference calls.

I own HAIN too, as part of my 31 stock purchase a few weeks back.

All in all, today is another sleepy bullish day, ahead of Jackson Hole. The Fed is dovish, albeit antiquated and retarded with their choice of chief. And the market is now basking in post earnings fantasy, where tall tales can be told and people can readily get ahead of themselves.

I’ll be putting some money to work shortly.