Thursday, February 28, 2013

Icahn reps to get two board seats on Herbalife

And once again, the FREE MONEY pick, touting HLF and advertised this morning six hours before the opening was FREE MONEY for the taking.

The Press release and the squeeze on Ackman today continues!!
Herbalife (HLF) today announced that it has reached an agreement with Carl C. Icahn, Icahn Enterprises Holdings L.P. and certain related entities (collectively the “Icahn Parties”), which beneficially own, in the aggregate 14,015,151 shares of Herbalife common stock, representing approximately 13.6% of the Company’s outstanding shares. As part of the agreement, Herbalife will increase the size of its Board of Directors from nine to eleven members immediately before the 2013 Annual General Meeting of Shareholders (“the Annual Meeting”). Herbalife’s Board of Directors will nominate two individuals to the Company’s Board of Directors, designated by the Icahn Parties and approved by the Company’s Nominating and Corporate Governance Committee.
Under the terms of the agreement, the Icahn Parties have agreed to, among other things, abide by certain standstill provisions and vote their shares in support of all of the Board’s director nominees. The Icahn Parties have the right to increase the size of their ownership position in Herbalife up to 25% of the outstanding common stock. A copy of the agreement with further detail will be attached to a Current Report on Form 8-K to be filed by Herbalife with the Securities and Exchange Commission.
“We are pleased to have reached this agreement and look forward to working with the Icahn representatives as members of our Board of Directors,” said Michael O. Johnson, chairman and chief executive officer of Herbalife. “We appreciate the Icahn Parties’ shared views on the inherent value of Herbalife’s operations, products and future prospects.”
“Over its long history, Herbalife has proven its ability to increase revenues and returns, and we will work with the Company to build on its results,” said Mr. Icahn. “We conducted considerable research on Herbalife and its business before making our investment in the Company, and have great respect for its Board and management team, and believe in the Company's great potential. We expect our shareholder representatives to provide positive input into Board decisions affecting the future of the Company.”

Herbalife--The benefit of JCP's weakness!

Bill Ackman is stuffed to the gills with JCP, and his buddy, Ron Johnson from AAPL, who came over to JCP---who thought he could turn JCP around by pretending it was Target, found out that he has some work to do and JCP will trade down today.

So if JCP trades down Herbalife will go up. Why? Because Ackman is short over 20 million shares of Herbalife and Wall Street will smell some blood in the water, and will attempt to make Ackman's Thursday just a little bit worse!

Do the math for yourself!  Ackman owns about 40 million shares of JCP, and his short about the same dollar amount of Herbalife stock.

Now Wall Street dresses up in suits and pretends that their analysis of companies is so rigorous, but in reality, that 's just another show for the street. Anyone that looked at Ackman's short thesis on Herbalife will see that he is out to lunch; and since Billy owns about 40 million shares of JCP, and he has been woefully wrong--doesn't that mean he could be just as wrong on his short thesis on HLF?

But wait--there's more! Remember how Bill Ackman brought in Johnson to rescue JCP? Guess who is new boy is to help the show?

Sergio Zyman! Remember him? If not, let me give you a clue. He wrote a book.

And what did he do at Coke?

New Coke!

The biggest product failure in Coke's history!

And now this is Ackman's guy to help JCP! Anybody think that even Coke bottle glasses won't help the sanctimonious Ackman see straight?

You may hate the logic, but if you want to make money on Wall Street, you need cowboy, gun slinger logic, and in a few hours, Ackman is going to get shot at!

So Wall Street will gun HLF, while they lean on JCP!

How tough is that?

Yesterday, there wasn't any sellers in HLF, and they snuck the stock up to 37.44 without any problem. Today Ackman's long position in JCP gets deeper underwater, so Wall Street will try and squeeze him with his short on HLF.

It's just that simple.

So squeeze him with the support of the Street!!  It's your Free Money trade of the day!!

Wednesday, February 27, 2013

CNBC guest--RCA in the 20s dictates the price of AAPL 90 years later!!

You can't make this stuff up! Yet CNBC flashes these ads telling how important they are, to be invited in  their viewers living room so they can educate the sheeple on the markets!

Sometime later today, people will look at this nonsense and recognize it for the nonsense it is, but today, it is dressed up as news worth listening to!

Tuesday, February 26, 2013

Francis Crick's Nobel Prize for DNA is for sale

Will go over $500,000--How about it www.23andme.com? Sergey dig in your Google pockets and take this gold down! Or let Anne do it!

Here's the description--You can buy it at HA.com.

Francis H. C. Crick Nobel Prize Medal and Nobel Diploma. In 1962, Dr. Francis Harry Compton Crick received the Nobel Prize in Physiology or Medicine, along with Drs. James Dewey Watson and Maurice Hugh Frederick Wilkins, for "...their discoveries concerning the molecular structure of nucleic acids and its significance for information transfer in living material." It was a discovery that launched a scientific revolution and forever changed man's understanding of life.

Swedish scientist Alfred Nobel (1833-1896) first established the Nobel Prize in 1895. Nobel, the inventor of dynamite, was condemned by the French press in 1888 following a false report that he had died (it was actually his brother) and, not wanting to be forever remembered as the "Merchant of Death" or the man who got "...rich by finding ways to kill more people faster...," he resolved to repair his legacy before it was too late. Using a portion of his last will and testament, he stated: "The whole of my remaining realizable estate shall be dealt with in the following way: the capital, invested in safe securities by my executors, shall constitute a fund, the interest on which shall be annually distributed in the form of prizes to those who, during the preceding year, shall have conferred the greatest benefit to mankind. The said interest shall be divided into five equal parts..." Those five parts are still represented today as the prizes for physics, chemistry, physiology or medicine, literature, and peace (the prize for economics did not appear until 1969). Each Nobel laureate is presented a medal, a personalized diploma, and a cash prize.

This particular medal, designed by Swedish artist Erik Lindberg, measures 6.5 cm in diameter (approximately 2.5") and weighs 198.6 grams. Struck in 23 carat gold, the obverse features a side portrait of Alfred Nobel with the dates of his birth and death in Roman numerals. The reverse "...represents the Genius of Medicine holding an open book in her lap, collecting the water pouring out from a rock in order to quench a sick girl's thirst." An inscription appears above the figures, reading: "Inventas vitam juvat excoluisse per artes." Taken from the sixth song, verse 663, of Virgil's "Aeneid," it is translated as, "inventions enhance life which is beautified through art." The lower outside section of the medal bears a second inscription, "REG. UNIVERSITAS MED. CHIR. CAROL," the Karolinska Institutet (The Nobel Assembly at the Karolinska Institutet, one of the most esteemed medical universities in Europe, is responsible for choosing the laureates for the award for Physiology or Medicine). The initials of Crick are engraved in a plate below the figures along with the year of the prize, 1962, presented in Roman numerals: "F. H. C. Crick/MCMLXII." The medal is housed in an elegant, yet simple, red leather case with Crick's initials giltstamped on the top, surrounded by a decorative border, also in gilt. When open, the inside lip of both the top and bottom feature a giltstamped border. The medal rests securely in a fitted box of yellow velvet with satin lined top.

The second piece of the Prize, the Nobel diploma, is also included. Two beautifully handwritten, vellum pages, 9.5" x 13.5", in Swedish, Stockholm, October 18, 1962. Until 1964, each diploma featured unique artwork designed by a Swedish artist, in this case, Bertha Svensson-Piehl. The art appears in the top half of the first page, showing a long-haired youth in a blue tunic and slippers holding the rod of Asclepius, framed by what appears to be a doorway. The diploma gives the name of the recipients (Crick's name appears above the others in red) and the reason why they have been selected to receive such a prestigious award. The diploma bears three signatures at the end, presumably members of the Nobel Foundation. Mounted in a turquoise leather portfolio with decorative borders giltstamped on the front and rear covers, Crick's monogram appears in gilt on the front cover, surrounded by a wreath of laurels and the rear cover features a giltstamped rod of Asclepius. The diploma is detaching from the portfolio along the top edge of the first page and the right half and top edge of the second page. There are several scattered spots of foxing and light toning.

Francis Harry Compton Crick (1916-2004) showed an aptitude toward science at an early age, receiving a Bachelor of Science in Physics from University College London at the age of 21. He pursued a Doctorate in Physics studying the viscosity of water at high temperatures, but his studies were derailed during the Second World War when, during the Blitz, a German bomb landed in his laboratory, destroying his equipment. He spent the rest of the war working for the British Admiralty designing acoustic and magnetic mines.

In 1947, with a waning interest in physics, he embarked on the study of what he called "the border between living and the nonliving" - molecular biology. Having no knowledge of biology or organic chemistry, he had to begin from scratch, spending the first few years familiarizing himself with the subject. In 1949, he joined the Cavendish Laboratory at the University of Cambridge and, during this period, began working with X-ray diffraction and helical structures.

Crick first met James D. Watson (b. 1928), a 23 year old American postdoctoral zoologist with a background in genetics, in 1951. Watson had become interested in the structural chemistry of nucleic acids and proteins and the two men, discovering a shared common goal of solving the molecular structure of deoxyribonucleic acid, or DNA, became close friends and partners. Using available X-ray crystallography data from Rosalind Franklin and Morris Wilkins at the King's lab in London, they attempted to build a model of DNA in late 1951, but the model was incorrect. In 1953, spurred on by the chemist Linus Pauling's published, but incorrect model of DNA, they made a second attempt. On February 28, 1953 they correctly concluded that the two parallel chains of the DNA double helix must run in opposite directions and that the complementary nucleotide bases pack into the core of the DNA double helix. This immediately suggested to them the method by which all life would be replicated. Shortly after their discovery, they entered Eagle Pub in Cambridge where, according to Watson, Crick enthusiastically declared they had "found the secret of life."

Crick and Watson published their findings in a one-page paper in Nature on April 25, 1953, illustrated with a schematic drawing of the double helix by Crick's wife, Odile. They further developed their ideas about genetic replication in a second article in Nature, published on May 30, 1953. The two demonstrated that double-helix could both produce an exact copy of itself and carry genetic instructions. Crick went on to elaborate on the implications of the double-helical model, advancing the revolutionary hypothesis, widely accepted now; that the sequence of the bases in DNA forms the code by which genetic information can be stored and transmitted.

Dr. Francis Crick, alongside Drs. Watson and Wilkins, received his Nobel Prize from the hand of King Gustav VI Adolf of Sweden at the Stockholm Concert Hall on December 10, 1962. Professor A. Engström, a member of the staff of the Karolinska Institute who presented the men with their award, summed up the impact of their discovery during his presentation speech: "Today no one can really ascertain the consequences of this new exact knowledge of the mechanisms of heredity. We can foresee new possibilities to conquer disease and to gain better knowledge of the interaction of heredity and environment and a greater understanding for the mechanisms of the origin of life...Your discovery of the molecular structure of [DNA], the substance carrying the heredity, is of utmost importance for our understanding of one of the most vital biological processes. Practically all the scientific disciplines in the life sciences have felt the great impact of your discovery. The formulation of double helical structure of the deoxyribonucleic acid with the specific pairing of the organic bases, opens the most spectacular possibilities for the unravelling of the details of the control and transfer of genetic information."

SodaStream--A buy at 46

SODA reported earnings last week, and since then the stock has dropped 5 points to 46. I like SODA, and have traded in and out the stock the past few years, and now it's time for another trade in!

The catalyst?

An article in the NY Times, with excerpts below..

Machines proliferating in home kitchens can be used, off label, to make herb-infused sparkling wine and heady cocktails.....Curious cooks have begun hacking carbonators, the soda-making machines that are proliferating in American home kitchens. Most buyers are happy to use them for their intended purpose: turning tap water into sparkling water. But off-label, they have been used to make herb-infused sparkling wine, newfangled sangria, heady cocktails and nonalcoholic — but intoxicatingly delicious — sodas.

 Recently, in a storefront laboratory in Chinatown, Piper Kristensen, a bartender and occasional lab assistant who works for the avant-garde bar Booker and Dax in the East Village, studied a SodaStream Penguin. It had arrived fitted with a new feature, a device that was preventing him from carbonating the clear tomato juice he had purified in a centrifuge. He probed the carbonator’s dispensing valve, figured out that its plastic collar had to be raised, and twisted on a rubber band. In short order, he poured a fizzy cocktail of tomato juice, vodka and sugar into elegant cordial glasses....But the home brew looks poised to take over the market...All this explains why so many people are taking their soda machines off-road. With a little practice, it’s possible to make inexpensive, relatively healthy, brightly flavored sodas in a sweet spectrum of fruit, using ingredients, like fresh lemon, that are rarely used in bottled drinks.

SODA is a disruptive technology, and the stock at 46 is a buy!!!

Cracker Barrel crushes Biglari's proxy with blow-out earnings!!

I'm  guessing but I believe that I have surely had more meals at Cracker Barrel than Sardar Biglari; so it is very hard pressed for me to find out anything wrong with this restaurant or management. CBRL also owns the land on over 400 stores, so therefore, you can easily see the value proposition in buying the stock of this efficiently run company.  Sardar Biglari, however, does not see things this way; and therefore he is attempting to get a board seat on this company, as he wants people to believe that he can run the company better, or that, somehow he can influence management in their decision making. This, of course, is a ruse. Mr. Biglari has suspect motives, and is only interested in getting a board seat on CBRL to give him the veneer and patina of respectability that he does not deserve.

Mr. Biglari, however, has done one thing very well---he has recognized that CBRL  is a very valuable property, and one that will be worth much more in the future, and he has backed up that observation with a now $330 million bet, of which he is now up over $100 million on. But unlike real value investors like Buffet, Mr. Biglari, is now creating a sideshow, so he can try and take the credit for all the hard work and effort the good people at Cracker Barrel do in their daily job, and therefore attribute the outsize performance of CBRL common stock to his nudging and his distraction to the company.

Biglari Holdings has taken a 20% stake in Cracker Barrel, and has been trying to shake up management, even though CBRL has been doing everything right. Unlike Einhorn with AAPL, Biglari Holdings is really a "silly sideshow" but Cracker Barrel had the grace to professionally engage in dialogue with him. Sardar Biglari, likens himself to "Warren Buffet" but that is just another delusional self deception that Bilgari has. He's more like Gordon Gekko.

From what we have seen, his style is to try and antagonize management, and engage in conflict, and hope that his distraction will allow him to do financial engineering at the company. The New York Times has already stated that he is a "combative" investor.  Biglari previously tried a hostile takeover of Fremont Michigan Insurance at $24. His techniques were so adversarial that the Michigan legislature introduced a bill to stop his tactics with companies of less than 200 employees. But Sadir's relentess pursuit of Fremont, eventually caused it to be sold for $36 to Auto Club Insurance.  His incentive to antagonize management is his pay. 25% of the increased value of the book value of Biglari holdings above 6% accrues to Sardar each year.

Sardar owns Steak & Shake, of which he changed the name to Bilagri Holdings, ostensibly  because either the name change impressed the ladies more in his Lamborghini  or because the initial of BH were the same as Berkshire Hathaway. His annual letters and website bear a strange similarity to Berkshire Hathaway. But unlike Berkshire Hathaway, Sardar has one of the most egregious compensation plans ever devised. 25% of the increase in book value above 6% of Bilgari Holdings accrue to himself each year, and after taxes, about half of that compensation must be used to buy Biglari Holdings common stock. In other words, he is using shareholder money to take your shares from you. And he has these dubious compensation packages with his tentacles in every part of his businesses. The Iranian born Biglaria likes to pretend that he is the next Warren Buffet; writing folksy letters, while shareholders in his company have the wool pulled over their eyes, and yanked from under their feet!

Here is Biglari Holdings website today.

.
And here is how it looked before he was forced to change the appearance. 




Below is Buffet's old website, and today. Biglari Holdings even bold faced the B&H just as Warren Buffet did with Berkshire Hathaway.


Sardar shareholder letters mimic Warren Buffet shareholder letters in typeface, folksy banter, and content. Here is his 2010 letter. Read it and you will see the similarity.

The end of his 2010 shareholder letter, however states, "Call us nonconformists because we take a rather grim view when we adjudge all that could go wrong and then guard against it. We are managing BH to withstand severe economic conditions. Consequently we shun excessive debt."

But Sardar wants CBRL to lever themselves up? Warren Buffet wannabee or pretender? You make that call! Sadir appears to be pretending too hard!

Now Bilgari Holdings has a market cap of $480 million, of which its stake in CBRL is worth $330 million.  Sardar has now set his sights on CBRL, which he says is poorly run, yet he sticks almost the entire worth of his Bilgari Holdings into the company. Does that sound disingenious? Now Wall Street, of course, is myopic, and sometimes these snake oil salesman like Sadar can get an audience on the street.  So with that background, two weeks ago, CBRL played one of the greatest hands ever in restaurant poker. On February 13, the day before Valentine's Day CBRL offered to buy back Biglari's stake for about $310 million dollars.


Here's the contents of that letter.


February 13, 2013

Mr. Sardar Biglari
Chairman and Chief Executive Officer
Biglari Holdings Inc.
17802 IH 10 West, Suite 400
San Antonio, Texas 78257


Dear Sardar:

We are writing on behalf of the Board of Directors of Cracker Barrel Old Country Store, Inc. (“Cracker Barrel”) to offer a buyback of the 4,737,794 shares of Cracker Barrel common stock currently held by Biglari Holdings Inc. and its affiliates (collectively, “Biglari Holdings”) at market price (subject to any adjustments that may be required by applicable Tennessee law). As our intention is to act in the best interests of all our shareholders and avoid a third consecutive costly and disruptive proxy contest, our Board has authorized us to make this offer to provide an efficient exit of Biglari Holdings’ position. We would note that we have spoken with other shareholders who have encouraged us to provide you with the opportunity to exit your position in Cracker Barrel by means of a buyback. Having previously conveyed to you our interest in exploring a buyback on November 30, 2012 and as recently as earlier today, our Board believes it is now appropriate to make this offer in writing. We welcome a dialogue with you concerning our proposal.

We respect Biglari Holdings’ ownership of Cracker Barrel stock and interest in the company. However, your proxy contests of 2011 and 2012, in which our shareholders decided not to elect you to the Board, have imposed significant financial costs on the Company and diverted meaningful time away from focusing on the strategic plan and maximizing shareholder value by our Board and management team. In each of the last two years, you rejected our good faith settlement offers of two board seats for independent directors chosen by you. Given this history, we assume that you remain intent on seeking a Board seat for yourself personally, despite the clear preference of our shareholders to the contrary. As an alternative to another proxy contest, we believe the buyback transaction we propose here would serve the best interests of the Company and our shareholders.

Our analysis of block trades and sell down programs shows that a meaningful discount would be typical if you were to exit on your own over a longer period of time. By contrast, our offer provides immediate price certainty to Biglari Holdings’ shareholders and allows for the monetization of an approximately $70 million appreciation in the value of the Cracker Barrel common stock acquired by Biglari Holdings since June 2011. Moreover, this accretive transaction would serve the best interests of all Cracker Barrel shareholders by enabling the Company to continue executing our sound business strategy without the threat of yet another costly and disruptive proxy contest. We are confident in our ability to complete the transaction promptly.

In order to proceed in a timely manner, we kindly ask for your indication of interest regarding further discussions in writing no later than February 20, 2013. If not provided by that date, we will assume that you have rejected our offer. If you indicate your readiness to move forward with this buyback, we will work with you promptly to negotiate definitive transaction agreements. We expect that the definitive agreements would include a three-year standstill restricting Biglari Holdings from acquiring shares of Cracker Barrel or taking other actions such as a proxy contest. Of course, as is customary in communications of this nature, our offer is being presented as a non-binding proposal, and any transaction will be subject to the execution of definitive transaction agreements by all applicable parties.

We hope that this letter gives you complete clarity with respect to our offer. We look forward to hearing from you.

 
Sincerely,
   
James W. Bradford, Jr.
  Chairman of the Board
 

Sandra B. Cochran
  President and Chief Executive Officer

Now the Wall Street Journal opined that Cracker Barrel had made a tactical blunder with this offer, and proxy advisor David Eaton of Glass Lewis & Co., (after CBRL's blow-out earnings clearly made a mistake by saying) said that CBRL had given Bilgari "a foot in the door and more ammunition."

And what was Bilgari's response to CBRL's offer? More debt! Take on $300 million of debt and buy back stock. Bilgari--who likens himself to Buffett, wants Cracker Barrel to engage in financial engineering to boost returns instead of building stores!

So today CBRL comes out with earnings that blow the street away, and the stock is up 11% to $74.56!

Check out the daily chart on this beast!

CBRL beats numbers by .18, and raised earning estimates for the year. This was also the first quarter, in ten years with positive comparable store traffic against prior-year quarter with positive comparable store traffic!

So CBRL's earnings did many things today. It shut down Bilgari's thesis that Cracker Barrel's management needs any help or input from him. Check out the weekly chart on CBRL! These charts needs no explanation! But somehow Sardar Biglari, the self proclaimed "Buffet wannabee" thinks they do!

And CBRL also showed that they can play poker. They attempted to buy Biglari's stock, and buy it at a of 65 on February 13, when it now is 74 just two weeks later!  In Wall Street lingo, it was as though CBRL was getting greenmail from Biglari!

Therefore, all those folks who said that CBRL did the wrong thing by attempting to buy back Biglari's stock at a market price, were hopelessly ill-informed.

And CBRL also showed the folks at the proxy advisory firm, that CBRL doesn't need any help from any financial engineers or raiders. CBRL already has enough cooks in the kitchen!

And finally if CBRL really wanted autonomy from any of these raiders, why don't they just pick up the phone and call the real Warren Buffet?

Then they would actually deal with a Buffet that would help the company grow!!

All you need to know about Wall Street

Why do people sell when they should buy, and why don't people sell when they can and street is buying? In it's simplest explanation. Wall Street traders suffer from learned helplessness....

So the next time, these pimps get on television and tell you what to do...

 Good stocks go down, and you have to buy them when they give you that opportunity.

And the biggest market cap stock in the world, AAPL is down at firesale prices here under 440, and yet Wall Street is paralyzed with fear.

Until, that is, somebody steps in and buys with sie--then they will be afraid of missing it on the way up!

And it will happen, and it will be a slingshot to the upside!

Wall Street's learned helplessness!

Take Blackberry at 12.70

This is a good entry point for a trade.

I blew this stock out at 18 when it rallied--now I'm taking it down here to wash, rinse and repeat!!

Samsung's Galaxy 8


Really?

Really??

Really???

Who knew that Samsung's design inspiration came from Wall Street!

The same Wall Street that is telling you to sell AAPL!!

Bernanke to give market a green bar


After Ben's speech at 10:00 a.m., when he'll make it clear that the Fed isn't teetotalling on easy money---what do you think all the folks that sold or laid out shorts yesterday in the late day sell-off will do?

Monday, February 25, 2013

Oh My! The market had a big red bar!!


Wall Street acts like they've never been in a red bar!!

Buy this baby!! Today's red bar was a gift!!!

Oh I forgot--the only Red Bar that Wall Street likes to spend their money is at......
But if you want an easy 10% on your money, buy BAC that just hit its three red bar drop!


Kass buys AAPL aggresively

Doug Kass bought AAPL

I aggressively added to my Apple long under $443 after the close. 


And thinks a bottom is near

 It felt like forced selling Keith late in the day - with some bids wanted. Typically this is transitory.

Sunday, February 24, 2013

Nevada legalizes on-line gaming


Nevada Gov. Brian Sandoval signs Assembly Bill 114, the online gaming bill, on Feb. 21, 2013Nevada can now engage in interstate gambling,and Nevada Governor Sandoval said it was a very important bill to our economy.

Does that mean New Jersey is next?

The pen is in Governor Christie's pocket this Tuesday, and according to Poker Stars, so is the fate of Atlantic Club Casino, one of the surprise winners in the Atlantic City Casino market the past year, that Poker Stars is "buying."

Without Christie's signature, they threaten to close by Easter.

And the winner of all this is????

ZNGA!

Touted here at $2.17. And still looking for the double and then another double!

Some sarcasm for the Herbalife shorts

Using Ackman logic--is Lifetime Fitness a ponzi scheme?

So the other day, I was looking for a gym membership in one of Lifetime fitness gyms. They won't advertise the rates, so you have to email them--So for the year it was $2,953.

I thought that was on the steep side so -so I decided to check out their 10Q, where I see the average membership revenue was decidedly below that--But then, I was at a decidedly upscale gym--so how would that logic work? It doesn't. That's Ackman  math!

But are people renewing at Lifetime? 37% don't.

In 2009 LTM had an attrition rate of  40.6%
In 2010 LTM had an attrition rate of 36.3%.
In 2011 LTM had an attrition rate of 35.3%.
In 2012 LTM had an attrition rate of 37.3%.

Oh My!  Where is Pershing square?? Lifetime Fitness is just selling memberships--and 37% of the time no one renews! It must be a ponzi scheme! Oh My!

And their motto is, "I CAN DO IT ALL IN MY LIFETIME."  Oh wait--their name is LIFETIME FITNESS---Oh My!! Yet their members don't even last a year!

It must be a ponzi scheme! Where is the FTC??

Maybe all the folks at Lifetime Fitness that decided not to renew, are drinking shakes at the Herbalife clubs!

Bottom line:  I agree with Carl Ichan, that Bill Ackman is the biggest crybaby, sanctimonious hedge fund whiner that I have ever seen! (note to Carl--have you flipped your NFLX yet?)

But I still own Howard Hughes (HHC 77)! And just watch the HLF circus. Which looks like a pop after the drop!

Herbalife, just closed on their acquisition of Dell's manufacturing plant that they just paid $22.3 million for. Dell paid $110 million for the manufacturing plant, and in November Dell touted this sale for $30 million, but now that Dell is going private, they gave away the 750,000 square foot plant for $22 million, and now HLF has a hub on the East coast! Yet Mr. Ackman will tell you they aren't selling any product, and that the FTC will raid HLF, so that nobody can work at these plants, and no jobs can be added in Winston-Salem so crybaby Ackman can make some money on his short! Oh yeah--that's really a smart bet. Only on Wall Street my friends, can such arrogance by Ackman be deemed an investment!! And yet, Silly Billy spent 18 months generating this thesis!!!


Thanks Bill!

AAPL's slingshot rally is on deck!!!

So the playbook on the shorts in AAPL was to lean on the stock until everyone would puke it up--compare AAPL to RIMM and DELL, and then get the Fandroids to pimp their stories in the press....

Let AAPL come down to a point of ridiculousness, and then start the wash, rinse, and repeat story again until all the shares of AAPL are shampooed from every weak hand on the street.

And at $450.81 we are at ridiculousness!!

But the bears on AAPL didn't count on the slingshot ramp rally!

Einhorn's slap back at Cook's books cut's the head off of the bears!  And  AAPL will have it's slingshot rally! Now!

Apple has it annual shareholder meeting on Wednesday--which means that the stock rallies, and ramps hard going into this meeting, all on some nebulous story or whisper that Apple has something that will appease Wall Street.  Morgan Stanley was out fanning those flames on Friday, when it was touting a 6% dividend yield for AAPL.  Who knows what is going to actually happen; all we know for sure is what Wall Street wants--a massive ramp!

Friday they couldn't pin AAPL to 450 on option expiration, as they traded over 80,000 calls.  And if these bears can't control option expiration, do you think they can control the ramp? Of course not!  They have already used up all their firepower. The bulls will have them for breakfast--they are already scrambled eggs!

And now the fanboys are asking---- do you think this would really happen under Steve Jobs watch? Does that really matter?

Above is the letter of every new hire at Apple.

AAPL will do fine, despite what Wall Street wants you to believe!

And if you don't believe that, put on your Google Glass Goggles that are compatible with the iPhone.

And you will see that AAPL is going to rip the head off of the AAPL bears in the next few days!!!

Wednesday, February 20, 2013

AAPL makes $115 million a day, $1 billion every 9 days--and Wall Street wants you to believe Apple has problems!

So last night the worriers were out on AAPL again---and AAPL is trading at 452 this morning--Oh My!

FoxConn has a hiring freeze! Oh My!  David Einhorn, is being a crybaby in the footsteps of Ackman, and is crying before a judge because AAPL won't give him some cash--and the stock he touted as the next trillion dollar market cap is down for his fund!  Oh My!

Meanwhile another day, and another $100 million in profit for AAPL. Oh yeah Wall Street--AAPL has problems--sure! They have problems in where to invest their $139 billion dollars of cash! Heck they even threw $3 billion in mutual funds!

And even Jeffrey Gundlach opines since AAPL isn't giving him any cash to invest. So he says that AAPL could go to 300! What makes him think AAPL is going to split their stuck?

Another pundit, and another seer and another fool, selling the public Wall Street's latest fairy tale!

Meanwhile, in Bloomberg land, Betty Liu is asking what can we do to "save Apple?" Save Apple? From who or whom? From making $100 million a day??

The chatter from the pontificating pundits, and the hedge funds who now treat AAPL as though it has has Legionairre's Disease, because some of their high and mighty brethen have decided to exit their position, and their kids have bought a Galaxy?

Who cares? Who really cares? They'll be gone with their rants and raves, and every 9 days, AAPL will make another billion dollars, and the holders who buy here at these throw away prices, will once again, profit from Wall Street's stupidity.

Go ahead--and take a bite!