So I finally listened to the conference call today and was about what I expected. My personal highlights. All quotes are paraphrasing and not actual quotes. [more]
Why do we care about lucky charms? I don't know, but I think there's a PhD in psychology for someone who wants to figure it out.
You've got to be kidding me - on CAPS I'm up quite a bit, but in my real portfolio I'm up over 70% on both since buying them in August. Takes some profits, right? No freaking way. These are still great stocks with nothing but great futures ahead of them. Time to sit back and watch the power of exponential growth work in my favor. What if I'm wrong? If the stock is still trading at the same levels 3 years from now, I've still got a great annual return! But that won't happen, the world needs rocks. Too many roads to build, to many reconstruction efforts in south after hurricanes and the world will always need concrete and asphalt. This is the sweet spot of investing, watching your money grow with no end in sight! [more]
A good buddy of mine, who is a huge fan of BRNC, noticed something very interesting. An investment firm called Wexford Capital has been selling a massive amount of shares over the last couple of months. Check it out here (aka Bronco Drilling Holdings): [more]
Historically, MMM and JNJ are at all time lows for their P/E ratio - these are long term players that deserve a second look. I don't have JNJ in my portfolio, but analysts are loving the stock right now and its trading at an all time low according to its P/E ratio - looks like a good potential buy for Historical PE Guy * hey that rhymes!
Remember that TV show. "Believe it or not, I'm flyng on air - never thought I could feel so free-e-e". I probably just butchered those lyrics. I had a good friend Chip in college who looked just like that guy. For Halloween one year he actually wore the costume - and proceeded to jump down a flight of stairs while screaming the lyrics (resulted in only a gigantic back bruise and ego - is 17 shots of Jaeger too much?). [more]
So I decided to look into the housing stocks, figuring they've gotten beat up pretty good, only to find a nice rebound. Did I miss the bottom? You bet I did. [more]