Thursday Nov 7 2019 Under Armour under investigation for revenue recognition practices. And they failed to mention the investigation in their latest earnings call.  

Wed Nov 6, 2019 A private equity firm proposes the biggest equity deal ever, a $70 B take over of Walgreens WAG This is precisely what one would expect at DJIA 27,000. Market highs are marked by inclusionary sentiment. There is a feeling of wanting to come together. And at $70 B that is a…

Wednesday Nov 6 2019 Chesapeake has had lots of problems. It has too much debt. Former CEO hAubrey McClendon died in a one car crash. He had been charged with big rigging the day before. Now CHK has issued a going concern warning.  This means CHK may not have funds to stay in business without…

Wednesday Nov 6, 2019 XLE Energy ETF Energy bottomed in August an  October. This assets up a final low on the uptrending blue line later this month. We are thinking this will be a major opportunity for a low risk entry into energy markets. Stock markets overall despite the outburst of positive headlines are a…

Weekend Nov 2. 2019 Weekly Column published this wee Too Much of a Good Thing?   Thursday Oct 31 2019, 10 00 AM CST   The Permian Basin economy declined for the sixth month in a row. Karr Ingham, InghamEcon LLC   Almost half of the US fracking firepower is expected to be sitting idle…

Monday Oct 28, 2019 Grub hub (symbol GRUB) shares fell 20% on disappointing earnings. GRUB follows a fairly typical pattern of the shares bid to a high price on near no earnings Seems to me that food delivery works with say pizza if the customer is within a couple of miles of the pizza restaurant,…

Thursday Oct 24 2019 Let’s Get Serious About Senator Warren   Biden 21, Warren 28, Sanders 15, Buttigieg 10, Harris 5, Yang 1, O’Rourke 1, Klobuchar 3, Booker 1, Gabbard 1, Steyer 1, Castro 1, Bennet 0   Real Clear Politics latest poll numbers today   Biden’s early lead is evaporating and let’s face it,…

Tuesday Oct 22 2019 SLB took a $12..7 billion impairment charge on its fracking operation. I mentioned in class that important lows in markets were accompanied by gloom and doom articles. Here is another example of just that. At the same time Liz Warren declares she will ban fracking her first day as President. A…

Tuesday Sept 24, 2019 Here is a concise explanation of the repo market. The repo market is a system of overnight loans paid back the next day.  Collateral should be low risk Treasury securities. The narrator explains how Lehman got in trouble, using low grade collateral and eventually there was no one on the other…

Tuesday Sept 24 2019 I copied part of ther article in the WSJ below.  How is it that Sprankle can be personally fined, barred from practicing before the SEC for four years, and remain a partner?  Truly these firms are Too Big to Fail. What message does this send to all the other employees at…