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alstry (35.28)

Obama WINS!!!!!!

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November 04, 2008 – Comments (10)

Alstry is the first legitmate news source to call the election in favor of Obama.

I called it two years ago even before he formally announced his candicy.  I called it a year ago. I called it a month ago.  And I am calling it tonight.

In the spirit of calling it.....I am calling that through February of next year....Mohawk (MHK) will be  the best performing CAPS red thumb individual corporate name (excluding inverse ETFs) 

It lost twenty bucks a share this quarter when analysts were predicting a profit of one dollar.  It very easily could lose another $10 to $20 per share next quarter as additional hundreds of millions of dollars of goodwill will be required to be written down again.  It could run into trouble with its credit covenants as it currently has less $70 million in cash and about $3 Billion in debt and payables.

And just think, as we sit here tonight, the analysts are forecasting EARNINGS of $4 per share.  Alstry guestimates MHK will lose OVER $30 per share in 2008 as fewer and fewer buy floor coverings as the downturn persists.

The funny part is that many of MHK's analysts are the same idiots that lied to you during the entire housing downturn.  Goldberg, Zellman and the crew.......they are at it again.........can't wait to hear what they say about today's results.

We have three takers in the Alstry challenge.........all challengers are welcome at this poker table.

 

10 Comments – Post Your Own

#1) On November 04, 2008 at 6:28 PM, dinodelaurentis (72.98) wrote:

pre-electionering? admiting the problem is half way to solving the problem... :D try thinking of baseball.

i'm not as good as some with the numbers but i'll roll with BIDU also. they have so far to fall and i don't like china's chances in a recession. ridiculos price for the stock and when china rolls back it's industry to fit it's economy, it'll go down.

for the Huney (great name BTW) the phrase "level playing field" does not refer to the condition of the field but the fact that we are all on it together.

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#2) On November 04, 2008 at 6:40 PM, alstry (35.28) wrote:

So far we have four challengers picking their horses:

Harford, Dell, GLG, and BIDU........all four quality contenders....two former or current red thumbs of mine........a bit like playing with oneself........or maybe great minds think alike.....or consistency is the hobgoblin  of a small mind??????

Either way we are filling up this table for the Alstry challenge.

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#3) On November 04, 2008 at 6:51 PM, alstry (35.28) wrote:

We have a newcomer with CRM.

The more the better.....Alstry aginst five quality CAPS players.....not even close to fair.....but whoever said Alstry plays fair......you guys have no chance......just hand your chips over now.

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#4) On November 04, 2008 at 7:10 PM, MarketBottom (29.22) wrote:


DELL 12.93, +0.32, +2.5%) fell 1.1% to $12.80. The company is set to outline further moves to lower costs, including a hiring freeze and offers of voluntary severance packages, according to a Wall Street Journal report. The plans would extend cost-reduction measures announced a year ago. Dell isn't disclosing the savings target in the new program, according to the Journal.

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#5) On November 04, 2008 at 7:23 PM, alstry (35.28) wrote:

MarketBottom....I agree with you on Dell.....altough it has a lot of cash.....it is migrating its business model to a box reseller with not much value added. 

It is now competing head to head with asian manufacurers in retail and online it isn't providing much that can't easily be obtained elsewhere....especially since it is moving manufacturing overseas.

Dell seems to be heading in the same direction as Gateway, EMachines, and countless other PC makers that simply couldn't compete with the commoditization of PCs and a bloated cost structure.

You have made an excellent choice to compete with.....however, DELL's cash warchest may be too much weight for it to cross the finish line first.

Good luck and I hope I leave you in the dust.

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#6) On November 04, 2008 at 7:39 PM, starbucks4ever (97.62) wrote:

Obama's victory was a no-brainer. I wouldn't hesitate to bet a farm on this outcome.

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#7) On November 04, 2008 at 7:48 PM, MarketBottom (29.22) wrote:

Alstry,

The market in floor covering products could improve somewhat going forward as new home construction will be nearing a bottom soon, and remodeling always picks up when new construction slows.

And as far as Obama, McCain wins in historic landslide

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#8) On November 04, 2008 at 9:54 PM, DemonDoug (82.77) wrote:

nice call market lol.

Obama has been called victor for Ohio - which means he's won, because with 4 pacific states he'll get to 271.

Good call al.  I didn't thave the guts to say it publicly.  The best candidate has won this election (for the first time in 12 years).

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#9) On November 04, 2008 at 10:36 PM, jegr5347 (< 20) wrote:

I may not be a top 20 but I am in with LZB. PE of 20 and PEG of 12 for a furniture seller.

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#10) On November 05, 2008 at 4:59 PM, bostoncelitcs (39.29) wrote:

BARACK OBAMA didn't just win........he CRUSHED Senator McCain!!  349 electoral votes to 173!!..........That being said I'm selling all mutual funds in my retirement account with holdings of ClearChannel Communications (CCU), which just awarded Rush Limbaugh with a $400 mil contract for spewing his hate for the past 8 years of the Bush Administration and Rupert Murdoch's NewsCorp. (NWS) which has hired Karl Rove as a "contributor" and was the vehicle used by the adminstation to gain support for it's runnup to the Iraq War!!!

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