Thursday, October 25, 2007
Sector Spotlight: Homies
Seriously, I fucking hate earnings season, especially this quarter. Apparently, unless your ticker symbol is RIMM, AAPL or ISRG, your stock is going to get peeled on earnings day. If you can, avoid it like the plague.
How about "Dollar Danks?" I think it is clear, as well as evident, that iiG is going higher, since bad news makes the stock go higher, while good news makes it rip. Stay long.
Chinese related names are getting a kung-fu chop to the neck. For the most part, obviously, the China craze is done. Nonetheless, stubbornly, I will not sell XFML, since there is real value in the name.
Oil and commodity related names are knocking the false teeth out of the bears. My favorite oil plays are VLO, ALJ, GLF and UPL.
Finally, I'm somewhat busy today. Instead of fucking around with you internet weirdo's, I have business to conduct.
NOTE: Big short squeeze taking place in the Homies.
I don't see any homebuilder play off of the fires.
It is what is causing MVIS to go up.
Now everyone go fuck themselves
The number of homes that need to be rebuilt is probably less than 2000, spread out over 2-3 years.
It's a pretty big disaster for 2000 families, and a big opportunity for some local builders who were hurting for business, but not much of a blip in the investing world.
In other news this BWLD crap is depressing me, all of this over that one analyst??
If you do not enrich your respective families with some there, then you are as Borat would say: "Eh Stupid, yes?"
The rest of the world has dug the hole, dropped in the lifeless body, and is starting to kick dirt on the rotting corpse.
So IPO investors know with certainty that ULTA will either have to lever up the balance sheet to finance store openings or do an equity secondary almost as soon as the ink is dry on the IPO. And they're paying 25x EBITDA for that? A retailer with 100% domestic exposure. And same store sales growth that slowed in the July quarter and year over year gross margins declined 150 basis points in July?
I guess it's all about the concept.
Must be doing decent volumes right now, but I don't get the "cache" aspect. Just not a pretty enough store.
I've never been to an ULTA store, but from the roadshow video/slides the new format stores appeared to be attractive. Well lit, wide aisles, attractive displays. Just what I'd consider good merchandising.
That takes me to 20k. at avg cost of 45.86. I had rolled out in the $49s and booked some dough before the market pooper last week.
Shall I shit my Music City bed tonight?
Will I revel in biscuits and hot hot coffee tomorrow am?
I am going back to play that Gospel video I posted..."I'm just waiting to count the money up...in my hand"
BOOM is giving me ulcers.
Trade it as you see it. I'm in. But there's no shame in getting out.
Boom, forget the gospel choir, go directly to the Rosary.
Not enough people praying the Rosary these days, anyway.
Extremely effective in tight spots, if sincere.
"Let it Be" not all off the mark.
I was there about four days before Christmas too, which may have had something to do with what looked like disarray.
Still, retail is fleeting... like restaurant stocks. First year of bidness school for me, the hottest IPO in the land was.....?
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