About now a good portion of you are hoping The Fly will shut me up soon for this prattle on fundies as clearly my view is at best wacked and distracting. Let’s do a turn on valuation to get folks really tired of me.
Just what is something worth? The enormity of this science immediately excludes [...]
Wow. Check out how JPM changed estimates on his downgrade yesterday. Let’s compare it to what I wrote about Consensus over the past week or so:
- Sell rating but FY10 estimates above Consensus…check
- Getting more negative by lowering near quarter estimates but raising later quarter estimates, keeping FY10 estimates unchanged overall…check
I am calling it a [...]
A long long time ago, in a universe far far away, Consensus estimates were free and available to all who desired via I/B/E/S (http://en.wikipedia.org/wiki/Institutional_Brokers’_Estimate_System).
I don’t mean just average sales and average EPS. I mean detailed estimates by analyst. Ahh, glory days.
What happened? Thomson bought I/B/E/S and it all fell behind a pay wall. Then they [...]
Sell-siders are generally smart cookies who have an odd penchant for putting their names in lights. They live for a spot on CNBC or Bloomberg. They do a little jig for every press release in NYT or WSJ or whatever local business journal serves their stocks. A day without a phone call from a [...]
Despite the general panic which has marked this month’s entirety and the recent poor performance of my account, I’m pleased to regard February as a success. I do this because, at present, the value of my property is just below what it was at the highs of January. And, despite being there, I see that [...]
The markets continue their nonsense dance across my face this morning, and I find myself longing for the yester years of 2008. You asshole union types despised the radiance that was the 2008 stock market sell off, but I made so much wealth off the corpses of retirees in that span of time, I wouldn’t [...]
