Diamonds and Dogs

diamonds and dogs

Dyslexics Are Teople Poo!

Capitalists are also people too, but they certainly do not reside in Washington. As lawmakers scrambled to cob-job together a stimulus package this week, stocks drifted lower. Economic growth comes from savings and innovation. Trying to spend our way out of an economic crisis is daring, but may be ill fated and stocks are initially rejecting the attempt. We need to reward the doers and not the voters.

Friday, February 13, 2009

Diamonds
Trading was slow and to the downside in advance of the three day President's weekend. Abercrombie & Fitch (ANF) rallied 10 percent as the clothes retailer reported stripped down earnings that were better than expected. Earnings were down 68% based on one-time impairment charges, etc but the core numbers were good, and the stock finished at $22.78.

Dogs
Toyota (TM), the newly crowned king of US auto companies, indicated that they will show the door to 18,000 employees by way of buy-outs. The shares of the company fell $2.01 on the big board and finished the session at $65.45. TM has been cut in half over the last 52 weeks and has reported a loss for the year for the first time in decades. With a yield of 4% and dramatic cost cuts coming, value investors may be looking at the wreckage for a new investment vehicle.

Thursday, February 12th, 2009

Diamonds
Stocks traded lower all day and then staged a nice short-covering rally into the close as Obama & Co released mortgage support information in the nick of time to get the bears to close our their books. Teradata (TDC) rallied 6% today as the data storage and consulting company announced revenues that were up by 13% for the quarter and that they earned 45 cents for the period.

Dogs
Viacom(VIA-B) reported a 69% drop in fourth quarter profits and is letting go 7% of its work force. That news gives them the dog award of the day. Trading at $16.82, VIA-B is well aware of the financial disaster that is Sirius/XM as they

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