Landman

Should We Really Bail Out the Big Three Automakers with $73.20 Per Hour Labor?

Why did I bother going to College all those years. I should have just joined a union after high school.

Financials Getting Slaughtered

Hedge Funds and Institutional Investors are using Triple Bear Short ETF's to pound financial companies into the ground.

MarketBeat on Sheldon Adelson's vanishing billions: "Adelson’s one of the few individuals on earth who has seen more paper wealth disappear over the past year than legendary casino magnate Kirk Kerkorian."

Ted Turner. $7 Billion.

Homebuilders Agree: January Was A Good Month

The largest residential builders of the NAHB Top 100 are in bigtime retrenchment mode. Anyone who thinks these companies stocks are going to rebound in the wake of the worst economic downturn since the Great Depression should seek psychiatric help.

Homebuilders Agree: January Was A Good Month

There's a new Tsunami wave of Foreclosures just around the corner. Real Estate is a Boom-Bust cycle, the down cycles usually mirror the up
cycles. We have just come out of the largest Residential Real Estate Bubble in history. Considering the last up cycle lasted for approx. 10 years, we have a long way to go in downward correction. Compounded by massive job losses, massive job outsourcing overseas, bank lending standards tightening, an aging Baby Boomer population that won't need large McMansions - the future looks quite bleak. The Chicaco Real Estate market crashed after the Great Depression in the early 1930's and didn't recover until the mid-1950's.

Looking Good: Genco in Particular, Shipping in General

DSX, NM, TBSI = SOLID. The rest are highly leveraged like your typical homebuyer during the housing bubble.

The Week That Solar Was Left for Dead

Cheap Oil, lost tax subsidies = CAPLUNK!

The Uptick Rule: Mr. Cox, Is It Really That Devilish?

Chris Cox's wreckless actions in removing the uptick rule have wreaked so much damage and destruction that his actions have cost this country trillions of dollars since Summer 2007.

The average investor has had his pockets picked by Hedge Funds shorting stocks into oblivion. Now the average investor/tax payer will have to pay into perpetuity to bail out the financial sector, auto sector, etc.

And our Government continues to do nothing except throw our taxpayer dollars at the problem.

The Uptick Rule: Mr. Cox, Is It Really That Devilish?

Everything points to this guy being on the take! I think Hedge Funds have set up a nice fat bank account for him in the Caymans!

The Uptick Rule: Mr. Cox, Is It Really That Devilish?

I've asked Ted Kaczynski to send him a Christmas Present!

Amazon, Apple, Google: Buying on the Way Down

When the SEC Reinstates the Uptick Rule. I will completely reinvest my capital. Until that time, your pockets are wide opened to be picked by the Hedge Funds devious trickery of Naked Shorting, Rumor Mongering and spreading Fear.

Buying Homebuilder MDC Holdings For The Long Term

I'd sell and take profits now since the stock has rebounded a little off a bottom here in late 2008. The Roaring Lion of Richmond American has been put back in its cage - probably for good.

MDC is consolidating down to 7 offices nationally in late 2008 - this isn't a growth story, it's major contraction and consolidation at its best! It's hands on founders are getting older and more risk averse as they like the trappings their success has provided them. It's selling off its finished lot inventory at substantial markdowns which are a fraction of original cost. When the market rebounds, it will have to replace these expensive lots at substantially higher costs thereby reducing any potential future profit margins.

The Rocky Mountain Homebuilder bet far too much on local land in Denver in the 1980's and almost went out of business, ever since that time this homebuilder has been afraid of its own shadow. It's tried like hell to hold on to it's 10th place NAHB largest homebuilder placeholder, but will probably slip in the future as more agressive players that maximize cash flow/profits, value intellectual talent and minimize risk will push it aside.

The always Fiscally Conservative MDC will continue to brag about its strong balance sheet, large Wall Street Credit lines and minimal land holdings - this is the same old mantra I heard for years when MDC was so conservative it left hundreds of millions of dollars in lost opportunities (revenue) on the table in each state passing over a multitude of great profit making deals during the largest real estate expansion cycle in history. It was so bad I used to have to pull the wool over Corporate's eyes to get them to buy deals that later made them high double digit profit margins. That's right, fiscally conservative MDC Corporate literally had to be bamboozled to buy projects that later provided them with high double digit returns. I sold my stock near the top of the market for a 4x gain as I exited this company and probably wouldn't buy it again.

When homebuilders rebound, there will be many more agressive, nimble players who value intellectual talent, maximize profitability and whose stock prices will rebound much quicker.

Here's to a Merry Christmas Dave & Larry!