Amid the general gloom of recent weeks I have been posting some of the most dire of forecasts. In the interest of balance I thought I would post a bullish sentiment. Actually, this article makes lots of sense citing the fact that stock valuations are very moderate right now at about 11 times earnings versus an average of about 15.
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EEE- Vote NO on reverse split and against all directors
While the market soars today EEE is tanking again and likely headed below 10 cents. To all long suffering shareholders I recommend voting NO on any reverse split and against all nominees for directors. Won't get my money back but at least it's a small protest against these creeps who have the nerve to continue to take a salary while we all get hosed!!
The Fed to the rescue?
Seems that the Federal Reserve is contemplating steps to prop up the economy if necessary. This is welcome news and could instill some confidence into the market. Let's see if there is any follow through today to yesterday's rally. If not, it could of been just a flash in the pan.
EEE – A great analysis
This is great analysis about the disaster which is EEE. Unlike most message board posts this one is informative and educated. Could not have said it any better!!
Evergreen Energy- A word of advice
I have been very critical of EEE's management and I think with good reason. However, today I will offer a word of advice that could change my thinking about their competence. Specifically, the company should call off this reverse split nonsense and allow the shares to be delisted. By reversing the stock management will play right into the hands of shorts who have had a field day with this stock as long as I have owned it. After the reverse shorts will once again be aggressive and will be the only ones to make money. The theory for staying on NYSE Arca is completely bogus and stupid. If Stoner is serious about saving the company he should also get rid of all the dead wood that helped bring about the current disastrous state of affairs. Trying to be constructive here since I would like to recoup some of my losses, but by reversing the stock price management will assure that I have no chance of that.
Hey Barry, do something!!
There are those that are harping that Obama has not done enough in the Gulf. Really? What would they have him do in this unprecedented environmental disaster? However, what I blame the president for is not addressing the unemployment situation in the country which is still horrible. The spending stimulus package should have been larger, coupled with tax breaks for business so as to encourage hiring. The detachment of this president is really starting to bug me and at this time I cannot imagine a scenario in which I would vote for him again. Even Biden would be better!! Maybe Obama should turn the office over to him and go back to teaching law. Really, enough is enough Barry!!! I think you should be unemployed.
Evergreen Energy – Will the media cover the annual meeting?
I'm wondering if the local Denver media will be covering EEE's annual meeting next week? Indeed, where has The Denver Post been on this story. Since Stoner took the reigns of this company the stock price has gone from approximately $1.00 t0 $0.07. Seems like there's a story in that record of failure.
Best week in a year!
Well for those of you who are long it was a great week with the market posting its best performance in a year. A word of caution though, the volume was very light and I don't think there was much conviction in the move. Next week second quarter earnings begin to roll in and that will be the major determinant of how stocks trade. Have a great weekend everybody!!!
Thanks for reading
On a personal note I would like to thank all those who made the past week the highest page view week in the history of Barrow Bits. I will continue to call them as I see them and hope you continue to log on!!
Soccer makes it big
The just completed World Cup competition was a boom for soccer in the United States. The championship game on Sunday had a viewing audience of 26.3 million in the US, the biggest ever for a soccer game in the country and more than any of games in the 2009 World Series. Additionally, the demographics of those that were watching the game was definitely on the young side, suggesting that soccer has a fertile fan base brewing. Professional soccer is advancing in the US with new teams and new stadiums attracting good crowds. I will be looking for opportunities among public companies that can benefit from a stronger US market for soccer related merchandise and promotions. If any readers have any ideas, send them along.