Using Veritas to Construct the "Per…

29-04-2017 Hits:85765 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:79996 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:79857 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:84335 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:80877 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:83124 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:54132 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:82256 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:82110 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:81979 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:88001 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:85877 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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For all of those who had/have a buy on Morgan Stanley, contact me for a special institutional subscription to the blog. I have said Morgan Stanley is a very strong short candidate (for about 9 months now).

Wall Street has said the following (from Zacks.com, ABR = average broker recommendation):

 MORGAN STANLEY (NYSE) $21.75

Current ABR 2.27
ABR (Last week) 2.27
# of Recs in ABR 11
Average Target Price: $51.60
LT Growth Rate 10.40%
 

Let's see what John Mack, Morgan's CEO says behind closed doors...  In the NY Times :

Only a day earlier, Morgan Stanley defended itself from growing doubts about its future, issuing a fairly positive earnings report (Nottt!!) to ward off concerns about its health. But the fear that gripped markets after Lehman Brothers failed also enveloped the firm.

Seeking to avoid the kind of fate that led Lehman and Bear Stearns to collapse, John J. Mack, Morgan Stanley’s chief executive, made an unsuccessful effort on Tuesday evening to persuade Citigroup’s chief executive, Vikram S. Pandit, to enter into a combination, according to people briefed on the talks.

“We need a merger partner or we’re not going to make it,” Mr. Mack told Mr. Pandit, according to two people briefed on the talks. Mr. Pandit, a former senior investment banker at Morgan Stanley, said Citigroup was not interested. It is thinking of deals it can strike with consumer banks, like buying the struggling Washington Mutual out of bankruptcy if its reported efforts to auction itself should fail, that would provide it with cheaper deposit funding. A Citigroup spokeswoman declined to comment.

Having failed at that, Mr. Mack entered into discussions on Wednesday with Wachovia and several other banks, people briefed on those discussions said. The talks with Wachovia are preliminary and a deal may not emerge. The banks declined to comment.

 

Let's take a look at the Golden Boys:

Look at what I said vs what the guys that most retail investors and family offices give their money says...

 GOLDMAN SACHS GROUP INC (NYSE) -114.50
Current ABR 2.96
ABR (Last week) 2.79
# of Recs in ABR 12
Average Target Price: $200.91
LT Growth Rate

17.40%


 This is the verbage (that's verbage, not garbage) that accompanies these reports via hyperlink:

li.lowa { list-style-type: lower-alpha; }

 

Recommendations Research Page

 

Brokerage Research firms spend over a billion dollars a year to fully analyze and recommend stocks to their clients. Most of that expense is paid out as compensation to a group of highly intelligent, and well compensated, equity analysts. It is usually in your best interest to know what these Wall Street heavy weights think about your stocks before you make buy, hold, sell decisions. And there is no better place to gather that information than on the Recommendations research pages on Zacks.com.

Okay bloggers and bloggettes, this doesn't make any damn sense.Why would anyone not want to subscribe to truly independent research is beyond my reckoning. Mediocre independent research is better than top notch biased research any day. Just imagine what mediocre biased research will offer you.

 

I know I may be a little biased on this topic because I may stand to gain from selling subscriptions, but let me make this very clear - I am an investor first and foremost. That is what I do all day, everyday. The blog always has, and probably always will, operate at a significant loss.The only reason I am bothering to make this post is because I am absolutely awed by the stickiness engendered by the sell side brokerage marketing machine. One would think that this site (or any independent research site) would be oversubscribed, if anything just because there is chance they may be trying to tell the truth. Okay, rant and rave is now offline...

 

If one were to consider the downloadable reports and analytical html posts that I offered for free to be recommendations akin to the Zacks chart above, the following would be the approximated cash returns.

 


Blog post date Companies negatively Blogged Price as of Blog Date or following trading day 6/23/2008 % change Assumed Holding Period in Months Holding Period Return
2-Sep-07 1-Sep-07 len $28.57 $12.72 (55.48%)           12.57 103.65%


hov $12.60 $7.14 (43.33%)           12.57 81.18%


ctx $29.12 $14.72 (49.45%)           12.57 93.41%


dhom $2.08 $0.55 (73.56%)           12.57 141.62%

1-Sep-07 bzh $11.29 $6.55 (41.98%)           12.57 78.48%

1-Sep-07 bsc $114.13 $9.43 (91.74%)           12.57 174.30%


cfc $19.81 $4.25 (78.55%)           12.57 151.60%

3-Sep-07 mbi $61.92 $9.71 (84.32%)           12.50 163.15%


abk $64.63 $5.77 (91.07%)           12.50 176.65%

8-Sep-07 wm $34.74 $2.01 (94.21%)           12.53 182.94%

16-Oct-07 ryl $23.96 $23.76 (0.83%)           11.27 (3.82%)

19-Dec-07 ms $50.08 $21.75 (56.57%)           11.27 107.65%

8-Jan-08 ggp $33.90 $20.37 (39.91%)           11.27 74.33%

19-Feb-08 leh $53.57 $0.13 (99.76%)             6.97 196.94%

8-Feb-08 ago $21.57 $13.04 (39.55%)             7.33 76.52%


ms $45.28 $21.75 (51.97%)             7.33 101.36%


wfc $31.69 $33.43 5.49%             7.33 (13.56%)


gs $177.36 $114.50 (35.44%)             7.33 68.31%


wb $34.72 $9.12 (73.73%)             7.33 144.89%
long 17-Mar-08 bsc $4.81 $9.33 93.97%             6.03 180.18%

27-Mar-08 kfn $12.71 $6.53 (48.62%)             5.70 94.67%

2-Apr-08 jef $17.15 $19.31 12.59%             5.53 -27.76%

15-May-08 pnc $69.39 $71.96 3.70%             4.10 -9.98%
doo-doo list 22-May-08 bpop $11.52 $8.00 (30.56%)             3.87 58.54%


wm $9.45 $2.01 (78.73%)             3.87 154.89%


cfc $4.69 $4.25 (9.38%)             3.87 16.19%

16-Jun-08 ge $28.97 $23.39 (19.26%)             3.07 35.95%














Average Average






7.82 75.62%

I would like everyone to mail this post to anyone who thinks shorting investment banks should be halted. With a performance recored like the one's stated above, it is no wonder why managment finds their own investment performance to be a magnet for short sellers. Feel free to run any stock in blog table above through the Zacks.com ABR query and report your findings back to the blog.