Using Veritas to Construct the "Per…

29-04-2017 Hits:23710 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:25127 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:24819 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:26361 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:26158 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:28497 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:17878 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:27350 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:27393 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:27597 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:29327 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:28921 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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I have decided to keep pumping as much of my preliminary research as possible to the blog for free. Please read and accept the disclaimer below. In addition to the disclaimer, I want to add that this blog is not about investment advice, and I do not offer investment advice to the public. This blog is a digital diary of my thoughts, musings and opinions of boom-bust cycles and my own investment forays throughout these cycles. I have decided to offer some of my research to foster discussion, debate, and further analysis. Please do not request investment advice from me on the blog.

 

I have run into the same problem as most other investors (both individual and institutional) – the lack of credible, unbiased quality research. I have two teams of highly qualified analysts working for me full time, and they adhere to my outside of the box approach to fundamental analysis and research. Thus, the stuff that you see here will differ significantly from what you see from the usual suspects. My research is funded solely by me and my investment management vehicles, with no outside or third party interests, and is used to guide my investments and that of my private investment funds (as well as provide fodder for this blog), some of which may be open to qualified purchasers in the future. If you follow my blog, much of my research runs contrary to most of the sell side institutions and ratings agencies. I scream “danger!” in this “bust” way before they do, and will probably yell “opportunity” in the next boom cycle considerably before them as well. Consider it the contrarian wiki of buy side research. The research in this blog represents many man months of work PER MONTH. Any institutional players who are interested in a more formal, timely and complete version of my research and analyses should Email Me directly (examples: Ryland summary and Ambac loss tail and sensitivity analysis model). For the sake of comparison to sell side research from the big banks or newsletters, below is a description of the opinions expressed in this blog, displayed as if a short (or long, depending on boom or bust times, we are in a bust now so short is the order of the day) position was taken in a typical retail brokerage account the trading day after the article was posted. My style is that of the medium to long term horizon investor, alas, the blog has only been up and running for a few months.

 

Assumptions:

·         Margin Maintenance: 50%

·         Dividends not taken into consideration (negligible difference in outcome)            

·         Initial margin: 50.00%

·         Maintenance margin: 30.00%

·         Interest Rate on Margin Loan: 5.00%

·         Commissions: $0.75

·         Short position assumed via parameters above   

·         Click the date to reference the blog post that the companies/securities were first mentioned in. This is just a sampling of a few articles for the sake of illustration. Considerable opinion and research has been subsequently posted.   

·         Date Blog Began: 9/1/2007

·         Date of Analysis: 12/8/2007

·         Average Holding Period: 3.12 months (basically, slightly less than the inception of the blog)

 

The Boom, Bust & Bling Blog's opinions would have returned 52.47% since inception during this real asset and credit bust, as compared to 3.52% for the S&P, 4.23% for the Nasdaq, 2.77% for the Dow Composite, and -.93% for the Russell 1000.

 

Average Return

Average profit on $1000 at inception of this Blog

If 25% of the 1st $1000 invested was donated back to the cause

52.47%

$                  524.67

$              131.17

 

Blog post date

Stocks opined

Price as of Blog Date or following trading day

Price as of 12/8/2007

% change

Assumed Holding Period in Months

Holding Period Return

Investment

Return

1-Sep-07

len

$28.37

$18.32

(35.42%)

            3.23

67.82%

$1,000.00

$678.18

 

hov

$12.60

$9.39

(25.48%)

            3.23

49.63%

$1,000.00

$496.27

 

phm

$16.91

$11.52

(31.87%)

            3.23

62.42%

$1,000.00

$624.24

 

ctx

$29.08

$25.81

(11.24%)

            3.23

21.16%

$1,000.00

$211.65

 

dhom

$2.08

$0.60

(71.15%)

            3.23

140.98%

$1,000.00

$1,409.83

1-Sep-07

bzh

$11.19

$10.06

(10.10%)

            3.23

18.87%

$1,000.00

$188.72

 

rdn

$18.11

$11.78

(34.95%)

            3.23

68.58%

$1,000.00

$685.81

 

mtg

$30.34

$26.95

(11.17%)

            3.23

21.02%

$1,000.00

$210.22

1-Sep-07

dhi

$15.23

$13.86

(9.00%)

            3.23

16.67%

$1,000.00

$166.66

 

tol

$21.84

$22.68

3.85%

            3.23

(9.02%)

$1,000.00

($90.17)

 

bsc

$113.84

$100.94

(11.33%)

            3.23

21.34%

$1,000.00

$213.38

 

cfc

$19.59

$11.54

(41.09%)

            3.23

80.86%

$1,000.00

$808.60

3-Sep-07

mbi

$61.58

$30.00

(51.28%)

            3.17

101.24%

$1,000.00

$1,012.41

 

abk

$64.15

$26.84

(58.16%)

           3.17

115.00%

$1,000.00

$1,149.96

8-Sep-07

wm

$34.06

$19.03

(44.13%)

            3.03

86.93%

$1,000.00

$869.31

16-Oct-07

ryl

$23.96

$26.68

11.35%

            1.77

(24.03%)

$1,000.00

($240.30)

         
     

Average

Average

Total

Total

     

            3.12

52.47%

$16,000.00

$8,394.76

$16000 invested as of Sept. 1st would be $24394.76 as of December 8th

     

 

Disclaimer:

Reggie Middleton, LLC’s analysis and conclusions in this presentation and throughout this blog are based on publicly available information. Reggie Middleton, LLC recognizes that there may be confidential information in the possession of the Companies discussed in the presentation that could lead these Companies to disagree with Reggie Middleton LLC’s conclusions. The analyses provided may include certain statements, estimates and projections prepared with respect to, among other things, the historical and anticipated operating performance of the Companies. Such statements, estimates, and projections reflect various assumptions by Reggie Middleton, LLC concerning anticipated results that are inherently subject to significant economic, competitive, and other uncertainties and contingencies and have been included solely for illustrative purposes. No representations, express or implied, are made as to the accuracy or completeness of such statements, estimates or projections or with respect to any other materials herein. Actual results may vary materially from the estimates and projected results contained herein. Vehicles managed by Reggie Middleton, LLC and its affiliates own investments that are bearish on many companies mentioned. These investments may include credit-default swaps, equity put options and short sales of common stock. Reggie Middleton, LLC manages vehicles that are in the business of trading - buying and selling - public and private securities. It is possible that there will be developments in the future that cause Reggie Middleton, LLC to change its position regarding the Companies and possibly increase, reduce, dispose of, or change the form of its investment in the Companies.