Even after 700% and 1100% runs in
CAL and
AMR, it still makes sense to average up! Our profits in these stocks were anticipated but the numbers still blow us away. The shares we added just 5 months ago have zoomed from $11.35 to about $28. Gains of about 150% in five months not counting the fact that many of our accounts trade on margin! Some accounts are up 500% in 5 months! Life is good! God is good!
A few readers have asked if we are still buyers and the answer is YES!
Take a look at the
CAL web site (from the link above) and you will see that the month t
Legacy Airlines Are Ready For Take-Off - Forbes.com at 2006-04-04 01:40:01Legacy Airlines Are Ready For Take-Off - Forbes.comForbes reports that Goldman Sachs Analyst, Glenn Engel, has bumped his earnings estimates for several airlines. The article is a bit twisted. It starts with a headline about legacy carriers, follows with a report of stronger than expected earnings for
AMR ,
CAL,
LCC and NWAC but then goes on to suggest that domestic revenues is where the action is.
I strongly disagree wit
WAL-MART WORLD at 2006-04-04 01:40:00
The world discovers the value of the World’s #1 retail company. Although the US contributes 80% of
Walmartsales,
WMT increased its international business 18% last year with international profits at $3 billion.
Operating in 44 countries, with 2,276 stores outside of the U.S., (3700 in the US)
WMT reported $56.3 billion in overseas sales for 2005.
WMT is not only building stores around the world, but distribution centers to receive and process store goods. These centers are 10 times the local stores. China has several distribution centers to supply the countries 56 stores and.
GOOGLE : MORE TO SELL
at 2006-04-04 01:40:00
Google hits the S&P index on March 31. The internet search company is selling 5.3m shares of Class A stock to meet the extra demand created by
Google's listing to the S& P 500 index. This is
Google's 3rd offering and according to the press release
Proceeds from the offering will be used for general corporate purposes, including working capital and capital expenditures, and possible acquisitions of complementary businesses, technologies or other assets.
Google will replace
Burlington Resources Inc. in the closely watched index tomorrow.
4 YEAR HIGH at 2006-04-04 01:40:00
Consumer Conifidence hit a 4 year high in March. Ignoring higher gas prices and instablility in Iraq, Consumer optimism focused on the increase in US jobs and
overall improvement in the US business climate.
