Using Veritas to Construct the "Per…

29-04-2017 Hits:84622 BoomBustBlog Reggie Middleton

Using Veritas to Construct the "Perfect" Digital Investment Portfolio" & How to Value "Hard to Value" tokens, Pt 1

The golden grail of investing is to find that investable asset that provides the greatest reward with the least risk. Alas, despite how commonsensical that precept seems to be, many...

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The Veritas 2017 Token Offering Summary …

15-04-2017 Hits:79089 BoomBustBlog Reggie Middleton

The Veritas 2017 Token Offering Summary Available For Download and Sharing

The Veritas Offering Summary is now available for download, which packs all the information about Veritas in a single page. A step by step guide to purchasing Veritas can be downloaded here.

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What Happens When the Fund Fee Fight Hit…

10-04-2017 Hits:78935 BoomBustBlog Reggie Middleton

What Happens When the Fund Fee Fight Hits the Blockchain

A hedge fund recently made news by securitizing its LP units as Ethereum-based tokens and selling them as tradeable (thereby liquid) assets. This brings technology to the VC industry that...

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Veritaseum: The ICO That's Ushering in t…

07-04-2017 Hits:83422 BoomBustBlog Reggie Middleton

Veritaseum: The ICO That's Ushering in the Era of P2P Capital Markets

Veritaseum is in the process of building peer-to-peer capital markets that enable financial and value market participants to deal directly with each other on a counterparty risk-free basis in lieu...

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This Is Ground Zero for the 2017 Veritas…

03-04-2017 Hits:79988 BoomBustBlog Reggie Middleton

This Is Ground Zero for the 2017 Veritas Offering. Are You Ready to Get Your Key to the P2P Capital Markets?

This is the link to the Veritas Crowdsale landing page. Here is where you will be able to buy the Veritas ICO when it is launched in mid-April. Below, please...

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What is the Value Proposition For Verita…

01-04-2017 Hits:82295 BoomBustBlog Reggie Middleton

What is the Value Proposition For Veritas, Veritaseum's Software Token?

 A YouTube commenter asked a very good question that we will like to take some time to answer. The question was, verbatim: I've watched your video and gone through the slides. The exchange...

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This Real Estate Bubble, Like Some Relat…

28-03-2017 Hits:53268 BoomBustBlog Reggie Middleton

This Real Estate Bubble, Like Some Relationships, Is Complicated...

CNBC reports US home prices rise 5.9 percent to 31-month high in January according to S&P CoreLogic Case-Shiller. This puts the 20 city index close to an all time high, including...

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Bloomberg Chimes In With My Warnings As …

28-03-2017 Hits:81299 BoomBustBlog Reggie Middleton

Bloomberg Chimes In With My Warnings As Landlords Offer First Time Ever Concessions to Retail Renters

Over the last quarter I've been warning about the significant weakness in retailers and the retail real estate that most occupy (links supplied below). Now, Bloomberg reports: Manhattan Landlords Are Offering...

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Our Apple Analysis This Week - This Comp…

27-03-2017 Hits:81299 BoomBustBlog Reggie Middleton

Our Apple Analysis This Week - This Company Is Not What Most Think It IS

We will releasing our Apple forensic analysis and valuation this week for subscribers (click here to subscribe - lowest tier is the same as a Netflix subscription). As can be...

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The Country's First Newly Elected Lame D…

27-03-2017 Hits:81107 BoomBustBlog Reggie Middleton

The Country's First Newly Elected Lame Duck President Will Cause Massive Reversal Of Speculative Gains

Note: Subscribers should reference  the paywall material here for stocks that should give a good risk/reward scenario for bearish trades. The Trump administration's legislative outlook is effectively a political desert, with...

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Sears Finally Throws In The Towel Exactl…

22-03-2017 Hits:86960 BoomBustBlog Reggie Middleton

Sears Finally Throws In The Towel Exactly When I Predicted "has ‘substantial doubt’ about its future"

My prediction of Sears collapsing once interest rates started ticking upwards was absolutely on point.

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The Transformation of Television in Amer…

21-03-2017 Hits:84978 BoomBustBlog Reggie Middleton

The Transformation of Television in America and Worldwide

TV has changed more in the past 10 years than it has since it's inception nearly 100 years ago This change is profound, and the primary benefactors look and act...

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See Lennar, Voodoo and Zombies fully consolidated and Lennar Insolvent: Enron redux??? , then read the press release below... 

UPDATE: Lennar Posts Record Loss In FY4Q On Land Losses January 24, 2008: 07:45 AM EST

DOW JONES NEWSWIRES

Lennar Corp.'s (LEN) fiscal fourth-quarter net loss ballooned, breaking a quarter-old record for the company, as the company took a $1.2 billion loss on land sales. Near-term conditions may continue to decline.

For the quarter ended Nov. 30, the Miami builder reported net loss of $1.25 billion, or $7.92 a share, compared with a year-earlier net loss of $195.6 million, or $1.24 a share. Lennar posted a fiscal third-quarter net loss of $ 513.9 million, a then-record for the 53-year-old company.

The land loss consists of $970.1 million in valuation adjustments. Lennar, the nation's second-largest home builder, stunned investors in November when it announced a "strategic land investment venture" with Morgan Stanley Real Estate, selling about 11,000 home sites in 32 communities, including raw land and partially developed sites for $525 million - nearly 60% below the $1.3 billion book value.

Lennar also wrote off $217.6 million of deposits and pre-acquisition costs in the latest quarter on 12,500 home sites under option that Lennar doesn't intend to purchase. Year-earlier items included $119.9 million in land losses and $ 111.1 million in write-offs.

Revenue dropped 49% to $2.18 billion.

The mean estimates of analysts surveyed by Thomson Financial were for a loss of $1.65 a share on revenue of $2.06 billion.

Shares traded at $15 in premarket activity Thursday, compared with Wednesday's close of $14.94.

President and Chief Executive Stuart Miller said, "While we are hopeful that recent interest-rate moves by the Federal Reserve and recent plans proffered by the federal government will have a stabilizing impact on the housing market, market conditions remained depressed and, in fact, continued a downward slide through the end of our fourth quarter."

Lennar's new home orders fell 51% to 4,761, while deliveries, excluding unconsolidated entities, dropped 49% to 6,810. The average sales price fell 3.7% to $291,000.

Gross margins on home sales, excluding valuation adjustments, fell to 12.1% from 14.4%.

Miller said, "As we look ahead to 2008, we are not expecting market conditions to improve, and perhaps might continue to decline in the near term. Nevertheless, the strength of our balance sheet, bolstered by the cash generated through our fourth-quarter strategic moves, will keep us well positioned to weather these turbulent times."

Ground zero of the credit crunch - the housing market - has yet to register anything close to a recovery. Builders continue to cut inventory prices and many new homes are now cheaper than existing homes. But with some consumers unable to secure funding - and others worried about deteriorating value - traffic has slowed to a trickle and cancellation rates remain high.