4/14/08: Evidenced by WFC and GS first quarter reports, we truly believed the worse days are behind us. The government has done everything they can possibly do to help these companies. Shoot, the Feds are basically giving these banks money so they can stay a float and thrive. If they can't make money in this environment, these companies deserve to die a long slow death!
11-21-08: Alright folks! You know how after a certain point, you just can't pass up a good deal anymore? That's when the price gets so cheap that you feel it's almost a crime to pass it up. This is when there is no need to look at P/E ratios, no need evaluate the next 6 month outlook and all the normal analysis before you purchase stocks. Well, we believed that time now.
While nobody can call the bottom, we will say this, it's near. Today, we're pulling the trigger on some. Citigroup (C) at $3.50, good deal! Yahoo! (YHOO) at less than $10, excellent deal! It's a gamble at this point as the market continues to falter, but we like our chances. Good Luck!
5-30-08: In today’s current market condition, there are very few places to hide. It seem no matter where you decide to invest, you will likely be impacted by the high price of oil. As we have mentioned before, oil make this economy run as many aspects of our lives are tied to crude price. It all starts with the price of gasoline which trickles down to things like food. All of the sudden, your dollar doesn’t go very far. In the face of economic uncertainly, there are some companies which remains to benefit. Two companies we like, Visa (V) and Mastercard (MA). In our view, these two companies will continue to grow and benefit despite the dismal macro economic picture.
5-3-08: After three months of haggling, the Microsoft and Yahoo saga finally came to an end with Microsoft opting to walk. Microsoft was willing to pay $33, but Yahoo wanted $37. You would think they could simply decide to go with $35 and call it a deal, but we’re talking about a lot of big egos here. While we don’t know what actually caused the negotiation to fall through, the biggest concern for most is what will happen to their stock price when the market opens.
4-23-08: As gas price approaches $4 per gallon, everyone is hurting. Some folks have turned to politicians in the hope of some magic solution. To the dismay of some folks, there is little that can be done in terms of legislation. We are at the mercy of the market. It doesn’t matter who is in office, being a Democrat or Republican, they won’t be able to lower our gas price. This is the hard truth, we should just get used to it.
04-09-2008: The Microsoft/Yahoo saga continues to get more interesting by the day. One thing is for sure, something is going to happen in the next few weeks. After scouring the net, it appears most analysts believes Yahoo is just employing a delay tactic to get Microsoft to increase its bid by cuddling up with Google (Yahoo to test out Google adsense). While this might be the ultimate goal of Yahoo, we believed there is more to it than meets the eyes. Although there have been no other bidders, we do believe Yahoo does have viable alternatives.
