Fly on WallStreet

BRENT ALERT:

My wife will not stop blabbing about J Crew and how cute their clothes have gotten. She says the summer line up is off the hook and there new "Crew Cuts" clothing line for kids is "adorable" and reasonably priced. Having finally heard enough I checked out the financials and "chomped" the chart. Chart looks great. RL is trading at almost a 10 bil market cap, and JCG is trading at 2.37 bil mrkt cap. I think next years estimates of 1.59 are too conservative. I say 2.00 X 30% forward earnings growth rate= $60 pps ypeg. I will be buying the dips this early summer and cash out 55+ come Fall. I will load up on Dec 07 45 calls as well on any dip.
 

JCG is one of "The Fly's" only retail holdings.
 

Here you go Fly

http://www.thebachelorguy.com/?itemid=385
 

Fly, what's your thoughts on BRLC?

Q3 results on May 10th -- huge short interest

Thanks.
 

Fly,
My insider at Santa Anita says long shot "Hardspun" 8 Horse to win Derby. I have $500 on Hardspun and $500 on Street Sense, both to win.
 

If this blog was worth its salt, there would be weekend reading.
 

well i won anyway with strret sense. hardspun came in second. yes, i know, i'm good.
 

Classy video. Thanks Fly.
 

Barron’s has learned that over the past few weeks CEO of iMergent (IIG), Donald L. Danks, has told select individual and institutional investors that the co's F3Q earnings will be over 50% higher than the est of 39-41c a share set by the one analyst who follows the co. Some ppl apparently have gotten the good word already. On a tape recording of a conversation heard by Barron's, a voice that sounds like Danks' is heard telling an investor about the earnings, adding that "net dollar contracts written," which is the way the co reports its rev, will be around $50m. The recording was made by a person who says he took part in the conversation, who identifies the other speaker as Danks and who contends that others have told him they have had similar discussions with the iMergent CEO. Such conversations would appear to violate Regulation FD of the SEC, which mandates that a co can't disclose material information about its operations selectively, but instead must make "fair disclosure" to all potentially interested parties simultaneously. Asked about this Fri afternoon, Danks adamantly denied having spoken with any outsiders about the qrtrly earnings. "I would never give that information to anyone who would use it to trade the stock."
 

Herb Grenberg, why don't you apply for the next weekend's blogger spot?
 

Told you about iig.
 

Let's be accurate:

Fly's comments from last week:

"Stay away from iiG.

I understand they may blow the doors off the estimate, but there is something out there that can wreck the stock.

You've been warned.

"The Fly" knows all. He's a fucking fly, afterall."

Damn I'm good.
 

Fly, now that the word is out, are you still saying to wait a bit before getting the puts on IIG?
 

Let's see.

Funny things is, the Barrons article is eerily accurate.

Stay away.
 

Thanks, Fly. Your comments on BRLC were enlightening.