Archive for May, 2009

Investment Diary for May 31, 2009: BBI

Sunday, May 31st, 2009
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This is the first installment of  the Investment Diary series.

BBI today at .70, Yahoo 1y Target Est: 2.55. My average cost was $1.54. MFFAIS shows three new holdings and four liquidations.  Three Motley Fool articles on the same day. One about time to get out of Netflix, another about Block Buster mailing game rentals, and third about growth stocks. The first article reminds me that until the Internet is integrated into a TV in a way that average video consumer can use it, physical rentals are still going to rule (IMO). The second is a nice confirmation of my current decison to stick, and a possible tipping point in my debate on whether to set a limit sale or buy. The last reminds me that the CAPS rating is a one, and has been since I last got into BBI. I’ve made money on BBI twice before, and if they actually hit the Yahoo target, this will make a third time, though less money and longer holding.

askStockGuru.com has  a sell price today of $1.14. That’s a pretty good profit. After hours trading is up a few cents, too.

Hollywood looks to have a good crop of movies coming out this summer. While more people will hit the theatres to forget their troubles, I can also see where a lot of people are not going to want to spend that kind of money on things they can’t eat, but will run to the rental store to vent their frustration. I also think the after hours bump is the result of bargain hunters following a roller-coaster week on the street, and that next week will also be hard on those with a weak stomach. So, my bet here would be that sometime soon the stock will dip a bit, then bounce its way back up.

Disclosure: I own shares of BBI in the real world.

YATTL

Friday, May 29th, 2009
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Yeah, I just made that one up: Yet Another Top Ten List. The Dolan’s have much more time to write (or borrow) content than I do. Keeping up my lazy rep, I’m just going to link to their list of free top ten articles on their site for May. You can be cheap by just reading them, and lazy by only following the parts that make cents.

TANSTAAFL

Friday, May 29th, 2009
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me2everyone.com is giving away stock to members who sign up before their full launch. 100 share for joining, and 200 shares for every referral. Supposedly no strings attached, and I haven’t found any yet. I haven’t even seen an increase in spam.

I took the bait, with a reminder in my calendar to check the site weekly since the shares must be registered when they go public to actually receive them.

Definitely something you need to decide for yourself. If you do, please give me credit as referrer by using the links in this blog entry.

The Check is in the Mail

Wednesday, May 27th, 2009
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It’s easy to be cheap and lazy by reading the free material available from all the fee services. Thanks to the Internet, they have to give you enough truth to get you to buy. If you only follow one of them (what they hope), you will definitly feel compelled to buy eventually.  If you read many of them, you will get enough pieces to do it yourself. Considering that all the good newsletters are expensive, I’d just as soon get it for free.

There are some good tips on Dolans.com today with their article The 8 Biggest Lies That You Are Being Told About Your Money. There are ten pages to this one. The first is the intro, and the last is the pitch. Your call on where to stop. I noticed that some of the points are the selling points of their competition (brokers and retirement plans), which is all I have to say about that.

Get it From the Shorts

Tuesday, May 26th, 2009
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Interesting article at InvestorsPlace.com today about how the folks that play the shorts can make you some short money on longs. I like the idea, as I’m too lazy and cheap to do shorts myself. The article is attributed to LearningMarkets.com, which appears to have some good info for those who want to learn how things works in the trading world.

Cheap Education on Being Cheap

Tuesday, May 26th, 2009
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Eventually, probably, I will have some money-saving tips on this blog. Probably even a page devoted to it. I have been looking for ways to save money as soon as I had my second penny (the first one did not inspire me as it did not go “clink” against anything yet). In the meantime, you can subscribe to http://www.dolans.com/. The are not the do-all end-all of saving money, and you will get a flood of other emails from subsribing, but in general they have some good advise for free. Being the cheap guy that I am, I never look at any of their fee services, and rarely look at their free advise as most of it is old news to me. But it may not be to you, and I did say “most”, not “all”. Any newsletter is worth my time if I get one idea or learning from it. If that is all I get for a very long stretch I will drop it, which has to do with being cheap with my time and too lazy to read everything.

TD

Sunday, May 24th, 2009
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I don’t know how I started getting emails from Chris Johnson of the

BDK

Sunday, May 24th, 2009
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One of the free newsletters I subscribe to comes from InvestorPlace.com. I would include the specifics of the newsletter, but my host service took two days to get my database running again and I lost the email while waiting for them to figure out that they were not testing the database by accessing the one fyw site that doesn’t use it.

Grousing aside, the newsletter include a link to one of their many “5 x for y” articles.

5 Housing Stocks for a Rebound

The only one I would consider (and have been considering for quite some time) is Black & Decker (BDK). Good products, well run company, and positioned well for the recovery. If stock prices were more equal to the actual value of the company than the quantity of the Wall Street rumor mill, it would be a no-brainer. But, at this point, it will just remain on my watch list along with most stocks that did that huge leap in March.

Google Finance lists BDK in the Consumer Cyclical sector. This is why, despite Cramer’s advice on watching sectors, I don’t take sectors too seriously. I spent enough time in the construction industry to know that professionals use a lot of Black & Decker products, too, which makes this a good play on both an up and down housing market.

France24 iPod Nano Give Away

Friday, May 22nd, 2009
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You’ll have to put up with the newsletter for awhile, and after you enter you get a real-time news cast with no warning. Annoying, but harmless.

Enter by clicking here.

Hiding Your Money in a Hole

Friday, May 22nd, 2009
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Eventually I will be listing out the sites and newsletters I subscribe to, and maybe set up links in the nav for them as well (still thinking this site through). One of my absolute favorites is The Stock Gumshoe.  His newsletter today gets around to a geothermal stock, after which he gives some good discussion on the ups and downs of those stocks.

Here are the Cheap Lazy Points (CLP) I have on alternative energy in general:

  • While I would personally like these companies to be booming, they aren’t and won’t be for at least five years
  • Eventually (when unknown), there will be profit in greener energy, which makes this a long term play
  • It is really, really hard to pick winners in the far future, or we would all have bought Microsoft and Walmart in the early 80’s

So, unless you have a crystal ball, a really good hunch, or willing to risk being the next Martha Stewart of investing, this is not an area I will generally be recommending putting much money in, especially if you need it anytime before the end of the next decade.