Day: June 11, 2007

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Fun Stocks

Personal Finance experts

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Last Updated on June 13, 2007 by stlplace

Here is the Yahoo Finance experts’ blogs. Among them I like Ben Stein the best, because of his wit and humor, Laura Rowley and Jeremy Siegel are also my favorites. Laura talked about “happiness and money”, as you may know there is a balance between those two. Her background in theology makes her talk more interesting too. Jeremy is a professor in Finance at Wharton, I read his recent book “The Future for the Investors” 2 years ago. His analysis is good, but I don’t like his conclusion: basically he is saying individual investors have no way to beat the market, so go buy the index fund and settle for the market return (about 10% annually). While I think what he said has some merits, I do believe there are chances for individual investor, if one has the time, disicipline and average IQ.

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Fun Stocks

CROX Pre-split run

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Last Updated on June 13, 2007 by stlplace

The split day is June 14, Thursday. It has a nice run since last week. I will wait it calm down a bit before adding my postions. Obviously, I missed the buying opportunity about two weeks ago when there were some insiders sellings. It pulled back to 76~78 at that time. Oh well, no rear mirror view for stocks.

A bit reality check, Crocs 2006 Revenue is 354.7 m; 2007 est. Revenue 675 m, a 90% growth, note the company says sustainable growth rate over next few years is 45%. The market cap as of today is 3.64 b (stock closed at $90.97), so the P/S ratio is roughly 5.39. PE (ttm, trailing twelve month, according to Yahoo Finance) is about 44.77, I think it’s fairly valued at this time.

Also as you may know, President Bush was wearing Crocs. You can see a picture of him wearing Crocs (courtesy of CrocFans).

Categories
Fun Stocks

Starbucks, McDonald and Milk

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Last Updated on June 12, 2007 by stlplace

Went to a newly opened Starbucks at Olive and Price yesterday. This is a very nice place, compared to the one at Olive and Craig (much older). The traffic there was OK consider this was Sunday morning.

A lot things are against Starbucks business lately, according to a guest at CNBC this morning.

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