dead elvis

Shorts Bet Against SIRI, But For Emmis and Entercom

Your brother in law? I didn't make this up- IM dead remember?

Lets hope he knows more about life then mattresses

looks like Tuna needs to get himself- a porcelain fountain

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Where's the magic? Anxious consumers pull the rug out from under Tuna Amobi's stock picks


TWO OF TUNA AMOBI'S STOCK PICKS--A COMPANY that sells mattresses and another that sells cars--were big disappointments. Even The Walt Disney Co. didn't have enough magic to rescue the investments chosen by the New York City-based director of Standard & Poor's consumer discretionary equity research.

Amobi's three stocks--all companies that sell things that consumers can go without during hard times--lost a combined 34.5%, while the S&P 500 index fell 10.6% over the year.

[ILLUSTRATION OMITTED]

Tempur-Pedic International Inc., a maker of high-end mattresses and pillows, nosedived by almost 62% as the housing crisis sapped demand. "What we didn't anticipate was the acuteness of the crisis in the housing sector, 1 which eventually took a major toll on Tempur-Pedic--among other home furnishing stocks;' Amobi says.

The weakening economy left skid marks on the stock of Group 1 Automotive Inc., which fell 40.9%. The auto retailer seemed like a good bet because it sells a mix of domestic and import vehicles. But economic anxiety and rising gasoline prices swamped the entire industry.

Despite its flat stock price, Disney was Amobi's best pick. The diversified business, powered by everything from its theme parks to its High School Musical movie franchise, managed to navigate the slippery economy and the three-month Writers Guild of America strike. Share repurchases buoyed the stock as well.

Amobi still likes all three investments. Disney; with its strong fundamentals and leadership, could touch $45 within the next 12 months. Group 1 could reach $35, and Tempur-Pedic may hit $20 within a year, Amobi says. Group I and Tempur-Pedic, he reasons, are bargains at their depressed prices.