Nancy Pelosi's Stock Portfolio

Eddy Elfenbein submits: Check out Madame Speaker's financial disclosure form (.pdf). It goes on for 20 pages.

Comments

[Paul Meisel:]

Cramer should have her husband on to play "Am I Diversified?".

2006 Nov 09 03:24 PM

[deodand:]

Overstock.com? They need to fire their financial advisor.

2006 Nov 09 04:19 PM

[CrossProfit_:]

Actually it all depends when she got in. At $20 or below there is a handsome profit to be made. As long as Byrne is running the show, the stock can not recuperate as Byrne has lost the trust of the Street. Even if Byrne were to succeed in turning around the company, the street would not pay attention. Loss of faith is … loss of faith.

Either Byrne goes and the stock bounces back immediately to the 17/18 range awaiting 2 quarters of results to set the fair value range or the company is sold. In the latter case we would expect a price well above $20 per share.

A CrossProfit analyst with secondhand knowledge expressed that Byrne’s obscure behavior reminds him of a relative that suffered from manic depression (just a personal observation, nothing more).

At current prices we are seriously thinking of getting in ourselves. The fly in the ointment is how long will Byrne hold out (hold the shareholders hostage).
BTW, we did not say the same at 40 or 30 or 20. At 13.50 to 15.50 there is money to be made for sure. The question is the timing.

Disclosure: Opinion is the consensus of CrossProfit.

2006 Nov 10 04:39 AM