stlplace

My old friend, high end restaurant with family appeal, and a legendary founder (company web site). I traded it (Nasdaq:RUTH) back in 2005 shortly after its IPO. Obviously with the recession, high end was hurt badly, RUTH was no exception. To make matter worse, RUTH bought a seafood chain in early 2008 using debt. The […]

From NBR at PBS.
Here is series one.

This is a topic of behavioral finance.

Got some Developers Diversified Realty (NYSE:DDR) shares. A bit late. But as an old saying goes “better late than never”. Why I said “late”? Because the smart money already bought a boat load of this in Feb this year (Developers Diversified Enters Into Agreement to Sell 30 Million Shares to the Otto Family). Quote:
it (DDR) […]

(Aug. 06, 2009) Strategic Hotels misses estimates, sees local revenue fall, quote:
A closely watched measure of REIT financial performance, FFO is net income excluding gains or losses from property sales, plus depreciation and amortization.
(May 1, 2004) Table Is Set for New Round of Hotel IPOs, quote:
Historically, stocks in the sector traded at price/FFO multiples between […]

He talked about job market, compensation, and the events around crisis a year ago.

First saw it on Andrew Sorkin.
More goodies from CNBC, My 5 Hot Tech Picks: Fund Manager (yeah, CNBC is not just full of crazy stuff).

(Update 13Nov09) BBI released not so good earning report (Reuters). One interesting point is they are going to spend $10,000 to $20,000 to renovate the stores (about 1,700).
(Original) Note I am saying “dying”, not “death”. This also does not demonstrate all the hard work of men and women at Blockbuster, from corporate to stores, note […]

From Yahoo Tech-ticker. I don’t necessarily agree his view (but it’s always good to listen to both sides of the arguments).

(Update Oct-01-2009) Sold all CBAK shares today. I don’t want to hold it in this market. Took a small profit (about 3.5%).
(Original) Some background
As of Sept 28, the big brother BYD market cap HKD 140.9 b = USD 18.18 b; annual revenue RMB 26.788 b (Google finance HK: 1211)
the little brother China BAK Battery (Nasdaq:CBAK) […]

Disclosure: I am not a gamer, my favorite computer game was played on Windows 3.1 in 1994/5. Don’t know the English name, we called it Pirates Ship, basically three guys (one has a shield, one has a knife, and another one can jump) have to work together to overcome the adversaries and achieve the final […]

(Update 22Sept09) Sold all my SVA shares. The stock is trading at bubble price and it is very speculative. Initially I made some money, but I gave it all back and then lost some. So the lesson here is don’t overpay for “hot” stocks.
(Update 14Sept09) Sansar Capital (Sanjay Motwani), the hedge fund who is also […]