Using Veritas to Construct the "Per…

29-04-2017 Hits:85915 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:80124 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:79978 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:84459 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:80994 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:83228 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:54255 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:82377 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:82223 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:82085 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:88148 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:85998 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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Keep in mind that this is one of the three best run of all the public homebuilders (NVR, TOL, and MDC), and they have what I consider the most respectable, straightforward and honest CEO in the business. This is at least from what I have heard him say in the press and conference calls - no BS, no contradictions, and fully admits the current RE situation - despite the fact his company is one of the best positioned, he says the future looks dire. Hovnanian's CEO on the other hand, whose company's financials are quite bad, has called a bottom on many an occasion and has shown that he was not even aware of a market top, at the market top - Credibility is the Key to Success for a CEO – Hovnanian has Lost that Key: A letter to Mr. Hovnanian (notice the difference in share price between TOL and HOV). Despite my appreciation for Toll's CEO, they have reported some pretty bad numbers. They are still kicking out positive cash flow, but they are losing a fortune on their inventory. I am sure they will be negative cash flow by the end of '08.

I say this because this portends what I have been alleging for some time now - this may be the demise of the majority of the big public home builders. The binging on debt at the top of the market is, well... bad for business. I am not going to prognosticate who will make it and who will not, but I can tell you it will be a rough ride for all, and quite a few will go belly up.

From the WSJ.com

Toll Brothers Swings to Loss
On Land Value Write-Downs

By NICHOLAS HATCHER and KATHY SHWIFF
December 6, 2007 5:29 a.m.

Toll Brothers Inc. Thursday said it swung to a fiscal fourth-quarter loss of $81.8 million, or 52 cents a share, from a year-earlier profit of $173.8 million, or $1.07 a share, due to more write-downs of land values amid the continuing housing downturn.

Results for the quarter ended Oct. 31 included pretax write-downs of $314.9 million, or $1.22 a share. Year-earlier results included $115 million, or 42 cents a share, in land-related write-downs.

Excluding write-downs, Toll Brothers earned 72 cents a share, compared with $1.49 a share a year earlier.

The Huntington Valley, Pa., luxury-home builder said total revenue fell 35% to $1.17 billion from $1.81 billion.

On average, analysts polled by Thomson Financial expected a loss of 77 cents a share on revenue of $1.17 billion.

Backlog as of Oct. 31 was $2.85 billion, down 36% from $4.49 billion.

Toll Brothers said it isn't providing forecasts for fiscal 2008 earnings, but predicts revenue to be below that of fiscal 2007.

Toll's shares closed Wednesday at $20.72.