Using Veritas to Construct the "Per…

29-04-2017 Hits:39901 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:40649 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:40063 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:41841 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:41398 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:43959 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:28579 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:42581 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:42524 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:42767 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:44867 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:44231 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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The plan was to lay out my entire macro argument for my thesis, then trickle out the shortlists and final candidates of the thesis, but the recent extreme market volatilty has set me off schedule. Since this particular stock has seen some aggressive price movement, I am releasing this report now for paid subscribers. Be aware that this has not even receieved a final proofing, but a few grammar erros won't hurt anybody since time may be of the essence.

The following is an excerpt from the summary:

... the largest pork processor in the US, is expected to face tough times in the near-to-medium term in the wake of compressing margins and expected slowdown in pork export demand. With internal hog production constituting only 41% of the total domestic live hog requirements of the company's pork segment, the expected surge in hog prices will dent the company's pork segment's operating margins over the next two years. Further exacerbating the margin decline for the pork segment is the increasing proportion of fresh pork, which generates lower margins than the processed pork products, in the company's product mix. While the company's hog production segment otherwise provides a natural hedge to the company's pork segment in the times of rising live hog prices, the negative margins in the hog production segment expected  to continue over the next few quaters owing to rising feeding costs would perceptibly mitigate the benefit of this natural hedge. With the pork segment constituting the largest proportion of the company's revenues (~86% over last two years), we expect Smithfield's overall margins to face downward pressure dragging down the company's valuation. The negative outlook on the company is further strengthened by the fact the chairman of the company's board of directors and its largest shareholder, Joseph W. Luter III, has sold substantial portion of his holdings in the company stock over the past months, indicating the negative sentiments surrounding the company's future prospects, particularly in the near-to-medium term. Using a combination of relative valuation and discounted cash flow (DCF) valuation approaches, we estimate Smithfield's stock at a value of...

This report and subject matter is a prime example of the differece between the retail subscription and the professional/institutional subscriptions. There is a wealth of information, graphics and background industry research, complete with assumptions and full pro formas in the latter that fill in the gaps left in the valuation and business argument of the former. Both are priced extremely competitively, in my opinion, but then again I am a bit biased, aren't I...

Retail subscribers download here - icon SFD_Retail Report_Final_240908 (185.94 kB 2008-09-25 01:38:21)

Professional/institutional subscribers download here - icon SFD_Pro Report_Final_240908 (286.98 kB 2008-09-25 01:32:23)