Using Veritas to Construct the "Per…

29-04-2017 Hits:82134 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:77760 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:77330 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:82077 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:78667 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:80958 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:47839 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:79670 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:79189 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:79741 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:84720 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:81666 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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 This is an update to the Lennar Analysis for all registered users (although I have made it free, registration is still required) - Lennar Forensic Analysis and Valuation update - 2/2009 Lennar Forensic Analysis and Valuation update - 2/2009 2009-02-10 15:25:52 485.65 Kb. Look below for other work that I have performed on Lennar. 

 

...ot;, past profits disappear like magic. (Hence the name "voodoo accounting"). My calculation of Lennar's fully consolidated financial statements show that about 40% of its full recourse ...
Tuesday, 20 November 2007

2. Lennar Insolvent: Enron redux???
(Archived/Reggie Middleton's Boom Bust Blog/MyBlog)
Required reading for this blog post is the fully consolidated Lennar analysis on my site. That analysis was performed right before Lennar started selling off bulk assets at a sharp discount, which spa
Sunday, 30 December 2007

3. Lennar, Voodoo & the Year of the Living Dead!
(Archived/Reggie Middleton's Boom Bust Blog/MyBlog)
For those that wondered what my stance on Lennar is after raising cash through property sales and tax refunds, here is my update to the Voodoo analysis.  Summary The wor
Saturday, 09 February 2008

4. Now, a "Realistic" View of Lennar's Solvency
(Archived/Reggie Middleton's Boom Bust Blog/MyBlog)
Last week, we ran a what if scenario assuming the greatest possible benefit towards Lennar's favor in regards to their debt to asset situation, and we came up with insolvency. The reason for my doing
Wednesday, 02 January 2008

5. Bubble, Banks and Builders - Pt III: Do or Die BedStuy
(Archived/Reggie Middleton's Boom Bust Blog/MyBlog)
Reprinted from 10/7/07 - There is this section of Brooklyn known as "Do or Die, Bed Stuy," named for the rough and tumble character that was needed to survive it was known for back in the da
Monday, 24 December 2007

6. Lennar gets a haircut, a shave, and a mustache trim
(Archived/Reggie Middleton's Boom Bust Blog/MyBlog)
...k and opportunity, it appears they are two sides of the same coin. Hat tip to Arun, who pointed out that Lennar has sold much more property in their "fire sale". I would like to note that,...
Thursday, 06 December 2007

7. Lennar's 50% haircut does not make them look any better
(Archived/Reggie Middleton's Boom Bust Blog/MyBlog)
Monday, 03 December 2007

8. Lennar's Voodoo is now showing up in the popular media
(Archived/Reggie Middleton's Boom Bust Blog/MyBlog)
Lennar has been in the news as of late, with the Street.com running a piece on joint ventures, and the Chicago Business News (hat tip to Michael for pointing this out) doing a piece on Lennar recievin
Thursday, 27 December 2007

9. Lenders are starting to heed blogs???
(Archived/Reggie Middleton's Boom Bust Blog/MyBlog)
One of my readers just asked me why analysts are not recognizing Lennar's off balance sheet liabilities. I told him that sell side analysts really don't have any skin in the game. They really don't
Friday, 25 January 2008

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 L
Thursday, 24 January 2008

11. Lennar takes a 60% hair cut to unload properties.
(Archived/Reggie Middleton's Boom Bust Blog/MyBlog)
Monday, 03 December 2007

12. Lennar comes clean
(Archived/Reggie Middleton's Boom Bust Blog/MyBlog)
Tuesday, 06 November 2007

13. A Sneak Peek at the Next Lennar Analysis
(Archived/Reggie Middleton's Boom Bust Blog/MyBlog)
Monday, 12 November 2007

Tuesday, 06 November 2007