When the tide goes out and the music stops, you see who's left standing with no clothes on and no chair to sit on, with a lipstick print on their butt where the pig (whose ear they were trying to make into a silk purse) kissed them.
But maybe - just maybe - the pig will learn to sing.
There's a certain level of conviction that I might have from time to time, that I've learned to recognize as a 'threshold' level. Less than a month ago, I alerted you in this space to my conviction about Intel - that regardless of its ability to drive new productivity growth, carve out new niches, take share, or innovate, it was "crazy stupid underpriced." http://caps.fool.com/Blogs/a-word-on-intel/582995 [more]
So I like to do a little thing I call due diligence. It's not enough that I sent an (apparently ignored) email to Steve Jobs a year ago recommending that AAPL buy Nuance; when I look at buying shares in a company like Nuance, I like to look at the fundamentals, balance sheet, income statement, statement of cash flows. [more]
Test your metal/meddle/medal. [more]
So this weekend I took a look through my email outbox - in particular, email addressed to firstname.lastname@example.org. [more]
2 weeks ago I alerted you to Intel, whose P/E ratio had declined to 9. They put in a nice 15% earnings beat since then and the stock price has risen 21%, to a P/E of 11. [more]