"The problem with such diseases as influenza and HIV is that the viruses have an uncanny ability to change their makeup. Thus, the immune system is not prepared to combat the new or mutant strain. For instance, at intervals the flu virus attacks with a virulent new strain – 1900, 1918, 1957, 1968, 1977."
Russell, Richard. Dow Theory Letters. July 20, 1994. Issue 1152. Page 5.
see also:
Posted in COVID-19, Flu, Quote of the Day, Richard Russell
If you have to prove it then it probably isn’t true.
"As Walter Bagehot, the British financial journalist and historian, wrote in 1873, 'Every banker knows that if he has to prove that he is worthy of credit, however good may be his arguments, in fact his credit is gone.' (Norris, Floyd. Big Fall Evoking Nasty Old Memories Of a Run on a Bank. New York Times.pg. A1)."
In this case, if you have to say it, then it probably isn’t true.
Today, Treasury Secretary Mnuchin was quoted as saying:
“Boeing has said that they have no intention of using a program that may change in the future,’ Mnuchin said. ‘These are things that the companies need to come and ask us for. ... Right now Boeing’s saying they don’t need it.’ (Andrea Shalal and Doina Chiacu; Writing by Lisa Lambert; Editing by Nick Zieminski. U.S. not bailing out airlines, Boeing not using federal money: Treasury Secretary. Reuters. March 27, 2020.).”
Let’s examine the history of some famous quotes, sometimes just days before the company in question collapsed or got bailed out. Continue reading
Posted in Quote of the Day
“If a pickpocket meets a saint, he sees only his pockets.” -Hari Dass Baba.
(Russell, Richard. Dow Theory Letters. April 9, 1975. page 1.)
Posted in Quote of the Day
“’Run your public company as if it were privately held, and you will be making the right decision for your public stockholders.’ And maybe you won’t be vulnerable to its being taken private at twice the current stock price… (page 23).”
Posted in Quest for Value, Quote of the Day
"To know values is to know the meaning of the market. And values, when applied to stocks, are determined in the end by the dividend yield."
-Charles H. Dow
Posted in Charles H. Dow, Quote of the Day
In honor of the latest “sell” rating on Hewlett-Packard (HPQ), this time coming from Jefferies and Co. (article found here), we’d like to give the “Stock Quote of the Day” to UBS for their sell recommendation of HPQ at the worst possible time (sell recommendation here). On January 11, 2011, UBS gave a “buy” recommendation of HPQ when the stock was trading at $44.86 (buy recommendation here). On August 7, 2012, over a year later and after a -58% decline, UBS finally gave a “sell” rating on HPQ.
A “sell” rating on HPQ after the stock has decline so much in the last two years does not do justice to the use of a buy or sell rating. We’re not suggesting that HPQ is a “buy” at this point in time. However, this is traditionally when values are confirm through additional due diligence. If a person had already held shares of HPQ, the only reason to sell at this point is if you believe the company is going out of business within the next twelve months.
Is it any wonder that investors tend to buy high and sell low?
Comments Off on What a Time to Issue a Sell Rating
Posted in hpq, Quote of the Day
Source: , "Internet job site exec's cooperation earns no jail," Tuesday March 2, 2010.
http://finance.yahoo.com/news/Internet-job-site-execs-apf-3696221220.html?x=0&sec=topStories&pos=2&asset=&ccode=