The Truth About Somalia Pirates  31 Aug 2010, 7:00 am

We spent a few days in beautiful Blowing Rock, North Carolina this weekend for our quarterly board meeting.  Aside from some dire economic projections (which we’ll share with readers later in the week), the most interesting tidbit we learned was this story which somehow escaped our attention months ago!! NORFOLK, VIRGINIA (The Borowitz Report) – [...]

Sunshine Pumper Strategists  30 Aug 2010, 10:33 am

In a short series titled The Truth About Valuation we explained that: “The Fed Model has been embraced by Wall Street cheerleaders as a simple and “reliable” method for estimating stocks intrinsic value.  Note that simple is the key word in that last sentence, as it conveniently takes less time to calculate which provides strategists [...]

A Picture’s Worth A Thousand Words  27 Aug 2010, 11:03 am

Quick follow up on our Earnings Revisions post from yesterday.  In that post, we explained that: Consensus earnings estimates for 2011 and 2012 are still greater than $95 and $108, respectively, at the same time that GDP estimates are plummeting (although still don’t face the harsh economic reality).  To put these figures into perspective, analysts [...]

Those Earnings Revisions  26 Aug 2010, 9:40 am

A little chart candy this morning.  Note the rebound in expectations and positive revisions in late 2008 – early 2009.  The bar was set low for the hostess-twinkie recovery.  At that time we offered the following thoughts to investors as we approached last year’s monster rally: “Economic conditions are likely to remain challenging throughout the [...]