With the slow motion housing crash still in progress and living in one of the nation’s hardest hit areas (northern California), it seems as if I am seeing more signs touting reverse mortgages, much like the “We Buy Houses” signs often stapled onto street poles. As a thirty-something homeowner, I am pretty sure such a [...]
Hey folks, taking a break and won’t be doing much updating for July but will return in August. Thanks!
Who needs reality TV? I’m sure readers have read tomes on the bailout and probably have pretty strong negative positions on it already. It’s sickening all the way around — everyone agrees on that. I’m less sure that readers truly know what the stakes are. After all, constant cries of “economic crisis” doesn’t really say much about what specifically is going on. My take is as follows: Michael “Mish” Shedlock has been ringing the alarm [...]
2008 Q2 highlights (all figures C$ unless otherwise noted): Due to the acquisitions, YOY comparisons may be misleading so I will be focusing on changes from Q1 2008. Keep in mind the big spike in oil prices during the quarter (and the big drop since). Operating cash flow improved markedly in Q2 2008 to $671M, [...]
Most readers (at least the stock-watchers among you) should be aware of the conflict in Georgia by now. Inexplicably, news of Russia opening a 2nd front has not prevented oil from falling 2% and gold 4% on the day. Perhaps I don’t pay enough respect to the power of technicals to move markets (sentiment is [...]
On the eve of Cryptologic’s (CRYP) earnings release, I am posting my report on the company. In the end, I just chalked this one up to the “too hard” basket. I just can’t get a comfortable handle on their future business prospects and that combined with the illiquidity of the stock means I’m taking a [...]
