A fictional (or real ?) conversation between LCD maker Syntax-Brillian Corporation BRLC CEO Vincent F. Sollitto and CFO Wayne A. Pratt. BRLC postponed their earnings release today for no apparent reason.
Vince:
..." Hey Wayne....aren't you supposed to deduct operating costs instead of adding them?
Wayne:
..." Oh @#$% Vince, you might be right...let me double check on my Accounting 101 book. You are right!!...damn...hey Vince do you have a calculator?
Vince:
.." are you nuts? we don't make calculators....we make LCD TVs here"...besides, if you buy one you will lower the EPS by one cent. Keep doing what you have been doing. Do it by hand"
Wayne:
...Don't we have a CC today?....or is that tomorrow??
Vince:
..."@#$%, today is the 11th....we have to issue a quickie PR to postpone this @#$%. I hate CCs, I much rather be counting money...."
Wayne:
..." Okey Vince ....you are the boss"
Vince:
..."there goes your bonner you idiot"
.......and so on....
Funny Stuff.
Showing posts with label BRLC. Show all posts
Showing posts with label BRLC. Show all posts
Tuesday, September 11, 2007
Thursday, August 30, 2007
Market Update
After a great day for the bulls yesterday, the market opened down a 100 points today before rallying. I am seeing a lot of strength out there especially in the Nasdaq which is firmly in the green. Semis, disk drives and computer makers all doing really well along with biotech. Solid moves in SNDK AAPL RIMM GRMN DELL NETL AMD CELG BIIB TASR FSLR . Tech is leading the way as it has the past few weeks and being long the Qs or QLD is a very good bet.
US economic growth in the 2nd quarter was faster than estimated. Commercial construction jumped 28% which was the biggest move since 1981. It appears the US economy is still strong though the housing crisis is taking its toll.
Two speculative names that I am buying here are JADE and BRLC. I have previously had postions in them and am buying here. They both look the type that could double in a matter of weeks. HDTV maker BRLC in particular has an extreme short positions despite excellent revenue and earnings growth. JADE which is a manufacturer and retailer of fine jewelry in China has delayed filing it 2006 annual report due to a change in its auditors and the stock has been shredded over the last few months. I believe both of these stocks are poised to move considerably higher over the short term.
US economic growth in the 2nd quarter was faster than estimated. Commercial construction jumped 28% which was the biggest move since 1981. It appears the US economy is still strong though the housing crisis is taking its toll.
Two speculative names that I am buying here are JADE and BRLC. I have previously had postions in them and am buying here. They both look the type that could double in a matter of weeks. HDTV maker BRLC in particular has an extreme short positions despite excellent revenue and earnings growth. JADE which is a manufacturer and retailer of fine jewelry in China has delayed filing it 2006 annual report due to a change in its auditors and the stock has been shredded over the last few months. I believe both of these stocks are poised to move considerably higher over the short term.
Thursday, June 14, 2007
Recap
The bulls took control today and lifted the indices substantially higher. Even higher inflation readings and increasing 10 yr bond yields could not dent the bulls .
I will be back later for a more indepth recap and look at todays market. I'm off to a lunch meeting.
UPDATE
The Dow, Nasdaq and S&P all closed up today and it appears a bottom has made made. There is a chance the indices will face resistance at its previous highs and in the case of the S&P strong resistance exists at the 1540-1550 level. Oil, recreational and mining were among the winning sectors today while brewers, real estate and mortgage related were the big losers. Among individual stocks, HOKU IAX LUNA CLWR BRLC AZC KRY were the biggest gainers while SAT HBP DECC CMRO MPP were among the biggest losers.
Adobe beat after hours but the stock is down as Q3 outlook came below consensus. ADBE is a great long term stock though if I were to buy I would wait for it to come down 15-20%. It is a little pricey at a PE just under 50.
A Bear Stearns hedge fund liquidated about $4 Billion of subprime mortgage backed securities after sustaining losses. Who was buying is what I would like to know. Buying subprime CDOs is worth the risk if they can be purchased for substantially under market value.
Late mortgage payments and foreclosures across the nation are up exponentially. California,Florida, Nevada and Arizona were the worst hit. These 4 states though are probably the best places to go find distressed real estate. Once this crisis has passed, these 4 states will have the fastest real estate appreciation. People who invested in California in the early 90s could have sold out by 2005 at 4-5 times the purchase price. Not bad for an investment that one can purchase with 5% down.
Memories of my days clubbing across Europe in the 90s. This was probably the most played song in clubs from Amsterdam to Paris to Frankfurt to Barcelona. Good times......
I will be back later for a more indepth recap and look at todays market. I'm off to a lunch meeting.
UPDATE
The Dow, Nasdaq and S&P all closed up today and it appears a bottom has made made. There is a chance the indices will face resistance at its previous highs and in the case of the S&P strong resistance exists at the 1540-1550 level. Oil, recreational and mining were among the winning sectors today while brewers, real estate and mortgage related were the big losers. Among individual stocks, HOKU IAX LUNA CLWR BRLC AZC KRY were the biggest gainers while SAT HBP DECC CMRO MPP were among the biggest losers.
Adobe beat after hours but the stock is down as Q3 outlook came below consensus. ADBE is a great long term stock though if I were to buy I would wait for it to come down 15-20%. It is a little pricey at a PE just under 50.
A Bear Stearns hedge fund liquidated about $4 Billion of subprime mortgage backed securities after sustaining losses. Who was buying is what I would like to know. Buying subprime CDOs is worth the risk if they can be purchased for substantially under market value.
Late mortgage payments and foreclosures across the nation are up exponentially. California,Florida, Nevada and Arizona were the worst hit. These 4 states though are probably the best places to go find distressed real estate. Once this crisis has passed, these 4 states will have the fastest real estate appreciation. People who invested in California in the early 90s could have sold out by 2005 at 4-5 times the purchase price. Not bad for an investment that one can purchase with 5% down.
Memories of my days clubbing across Europe in the 90s. This was probably the most played song in clubs from Amsterdam to Paris to Frankfurt to Barcelona. Good times......
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