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Christopher Wallace  

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  • Zuckerberg to take paternity leave, doesn't name replacement [View news story]
    No doubt he will appoint a successor for that interim period and no doubt he will eventually say when it will happen. But equally without doubt, it is poor governance to make the announcement without including those other two important facts. Zuck is not as young or as arrogant as he once was, but he still has some growing to do.
    Nov 22, 2015. 10:36 AM | 4 Likes Like |Link to Comment
  • Intermap Technologies: A Top 10 List Of Investment Lessons [View article]
    Another high flying stock that had attracted legions of rabid fans.

    If the contract eventually performs as Intermap had earlier press released, then whether they are dealing with the Sovereign or the prime contractor becomes irrelevant. If it performs below expectations, then the difference becomes extremely relevant. Investors will claim they were mislead.

    Several things about Intermap do not add up for me:

    1. Why would they agree to such exorbitant financing terms with Vertex if they have landed such a lucrative contract unless there was significant uncertainty present?
    2. Why did they erroneously issue a press release stating they had a contract with a Sovereign when in fact they have a contract with a prime contractor?
    3. Why have they not released information about either the Sovereign or the prime contractor? What is the need for the secrecy?
    Nov 15, 2015. 11:29 AM | Likes Like |Link to Comment
  • Bofi Followup: A Long, Bumpy, Potentially Rewarding Ride [View article]
    Further, and I think this is likely more germane, when you are in a law suit like the one initiated by Erhart with a counter suit by Bof I, you don't try these things in the media. You say nothing about them. That is why Garrabrants said he would not make further comment about those allegations and when the analyst pressed him he referred to his earlier comments. Which, by the way, were quite clear that they were not under investigation.
    Nov 4, 2015. 10:04 AM | 2 Likes Like |Link to Comment
  • Stillwater Mining - Commentary On The Third-Quarter Results [View article]
    A great analysis, and I agree with your conclusion. The continuing reduction in costs is impressive and I am also pleased to see the Q o Q production increases. Do you think production increases are likely to continue in 2016?
    Nov 2, 2015. 11:16 AM | 1 Like Like |Link to Comment
  • BofI Holding's (BOFI) CEO Greg Garrabrants on Q1 2016 Results - Earnings Call Transcript [View article]
    Buysideanalyst 14, you know you just called the CEO of a publicly traded company a lair and inferred he has mislead in an SEC document. Do you have ANY idea of the seriousness of that? Do you have ANY idea of the liability you took on in making that statement in writing in a public forum, one that probably has thousands of pageviews??? You may want to give some thought to deleting that comment.
    Oct 31, 2015. 06:14 PM | Likes Like |Link to Comment
  • Buyer Beware: More Odd Behavior From BOFI [View article]
    You cannot take anyone's comments out of context. Garrabrants had previously said that he was not going to speak further about the Erhart suit and counter suit (proper when there is on going litigation). So he re-affirmed his earlier comments (which stated no investigations, good relations with regs, approval of 2 acquisitions). If you are willing to take comments out of context, you can take everything he says and make him sound bad or good, depending on the outcome you want. But that exchange in particular has really got the market spooked. I think he gave a proper answer in the circumstances, but given how it has been mis-interpreted, I think he should look into doing a press release to clear up misperceptions.
    Oct 31, 2015. 11:11 AM | Likes Like |Link to Comment
  • BofI Holding's (BOFI) CEO Greg Garrabrants on Q1 2016 Results - Earnings Call Transcript [View article]
    It must have been transcribed by computer. Waaay too many mistakes for a human. Though how a voice recog software heard "complaint" as "compliant" is beyond me.
    Oct 30, 2015. 09:49 AM | 2 Likes Like |Link to Comment
  • BofI Holding's (BOFI) CEO Greg Garrabrants on Q1 2016 Results - Earnings Call Transcript [View article]
    Not correct, foolishlong... With the Erart lawsuit and now the BofI countersuit, this action is preparing to go to trial and, typically and correctly, no one from the company should make any further comment about the matter. Garrabrants is previously on record as saying that Erhart brought his allegations forward to OCC and other regulators about a year ago and when those regulators determined not to take any action upon his allegations, Erhart decided to include them within his wrongful dismissal suit. Garrabrants had also stated that the regulators had approved 2 acquisitions (including H&R Block) after Erhart had filed his complaint with them.
    Oct 30, 2015. 09:46 AM | 5 Likes Like |Link to Comment
  • Buyer Beware: More Odd Behavior From BOFI [View article]
    Which were the substantive ones?
    Oct 29, 2015. 06:35 PM | 1 Like Like |Link to Comment
  • BofI Holdings lower after results [View news story]
    A good comment, AWvsCB, pretty much sums things up. The market had been prepped for something even greater. Still, after a 40% decline in less than 2 weeks, this reaction does not strike me as rational. I had Nov options that were in the money and are now out of the money. I am hoping that the conf call after the close will talk about the law suits and in particular any evidence that BofI may have to implicate Erhart with short sellers. While that former auditors allegations seem baseless to me, the market apparently takes a different view.
    Oct 29, 2015. 12:01 PM | 2 Likes Like |Link to Comment
  • BofI Holdings lower after results [View news story]
    Completely baffled by the market's reaction.
    Oct 29, 2015. 11:15 AM | 2 Likes Like |Link to Comment
  • BofI sues tormentor [View news story]
    Quite right. And if it turns out that Erhart was colluding with short sellers to drive the price down, as it now appears, that will have a very positive impact on the stock. All of the bad news is out on BOFI. And most of that bad news is not accurate. Looks like a buy to me.
    Oct 24, 2015. 02:48 PM | Likes Like |Link to Comment
  • Radical Gold Underinvestment By American Stock Investors Is Very Bullish [View article]
    The rise in the US dollar that resulted from the stimulus measures announced in China and the EU.
    Oct 24, 2015. 10:46 AM | 1 Like Like |Link to Comment
  • BOFI: What Happened, And Who To Believe [View article]
    Yup. The big items for BOFI stock price are the allegations that he sent confidential information to "to additional outside sources, including to contributors to a website that allows comments on the stocks of publicly traded companies." I would think that little revelation would have a couple of authors here clenching their butt cheeks. I expect to see some short covering as a result.
    Oct 23, 2015. 01:22 PM | 1 Like Like |Link to Comment
  • BofI sues tormentor [View news story]
    I would like to read their suit. Can anyone provide a link?
    Oct 23, 2015. 10:30 AM | Likes Like |Link to Comment