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mainstreetstocks's Blog Posts
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Mayor’s Picks - May 2008 05/19/08   —  It seems like the market has finally settled down after a rocky start to the year. The last month we’ve had some decent earnings numbers from everyone except GE. There’s still going to be a lot of fallout from continuing weakness in the housing market. And of course the consumer still isn’t spending ...
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Mayor’s Picks - April 2008 04/21/08   —  The market has finally settled down for the first time this year with decent earnings flooding the market last week. More earnings will be coming out this week and hopefully the good news will continue. If the market can settle down people will not feel so uptight about the economy leading to more le...
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Mayor’s Picks - March 2008 03/24/08   —  Sometimes the stock market will drive you crazy. It’s up 300 points one day only to lose 400 the next. That’s the roller coaster ride we’re going to be in for thru this summer I think. There’ll be good economic data, bad housing data, rate cuts, job loses and no one will know ...
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The Media Cries Wolf… Again 03/06/08   —  As a general rule of investing by the time the media gets a hold of a story it’s old news. They’re like an embarrassing parent who ruins a fad by thinking it’s cool for them to do it. Remember the fall of Zubas once Dad started wearing them? Today Fortune released an article on Stev...
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SHLD   SNE   Mayor’s Picks - February 2008 02/19/08   —  Panic has been replaced by a continual confusion on Wall Street in the past month. Recession fears still persist and experts paint a conflicting view of whether the economy will fall into recession. This Mayor is in the recession camp but only for a short time. The real problem I see in the future is...
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SNE   DVD   Mayor’s Picks - January 2007 01/23/08   —  Brutal start to the new year. Stocks everywhere have been going down fast and no one can predict when it will end. But now is when the panicked market leaves us values all over the board. Tonight Apple posted 57% growth well above expectations and the stock fell 10% in after hours trading. This is ex...
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HD   TV   Comcast vs. Apple - What’s The Answer In Video? 01/08/08   —  Today Comcast announced their plan for updating their broadband system allowing customers to download an HD movie in only 4 minutes. They’ll have servers all over the country loaded with movies you can access on demand. Cool stuff but I still don’t buy it. Maybe it’s my preferences ...
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LVS   MGM   The Sky Is Falling 01/07/08   —  Ohh, my gosh. The sky is falling. Unemployment is up to 5%! There’s a good possibility the economy will go into a recession. Sell Sell Sell. The market was down again Friday and 2008 isn’t starting very well for most of us. But this isn’t the time to panic. Markets go up and markets...
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CMG   PCU   Mayor’s Picks - December 2007 12/26/07   —  The last Mayors Picks of this year I’m sure bring a tear to everyone’s eye. It’s been a great year. We’ve had stocks double (CMG, PCU). We’ve had stocks flounder (SHLD). But overall we’ve kicked the market’s ass. Who says Wall Street has all the answers. Main...
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MGM   LVS   Why Gaming Will Win 12/14/07   —  I’ve been singing the praises of Las Vegas gaming companies for over a year now. MGM, Las Vegas Sands and Harrah’s have all rewarded those who heard those praises with big stock gains. But valuations have been pushed up because of astronomical land purchase values in Las Vegas and specula...
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TV   DO   Apple’s Latest Battle, And One Mayor’s Fix 12/04/07   —  This week NBC pulled it’s programs off of Apple’s iTunes Store. While this may not be a big deal for NBC or Apple it’s a microcosm of the battle brewing between Apple and the movie industry. Apple’s current battle with the record labels has been well documented. Apple maintain...
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LVS   QSII   Mayor’s Picks - November 2007 11/26/07   —  The market has been blasted the past few weeks on bad news from banks and the housing market. Investors don’t know how this will affect future earnings and are assuming a pinch in spending this holiday season will result in slower growth moving into 2008. While all of these things may be true a...
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Dear Citi: I Love Free Markets 11/05/07   —  One of my favorite pastimes is watching greedy people get slapped in the face by the good old free market. This weekend’s greedy bastard is Charles Prince accompanied by Stan O’Neal and a plethora of hedge fund managers. If you don’t know today’s players they are the ex-CEOs o...
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TV   Google: All Wrong 10/29/07   —  This is probably going to be the only post you can find on the web telling you to sell Google. That’s right SELL Google. It isn’t because I think Google is a bad company, or that they won’t grow over the next few years but they’ve become so over valued that you shouldn’t...
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Mayor’s Picks - October 2007 10/18/07   —  It’s the middle of earnings season. Companies have started to publish their third quarter results and so far most news has been good. Intel and Yahoo have surprised on the positive side but IBM and United Technologies have disappointed. So are the ways in a market worried about the mortgage ma...
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Quality Systems Rocks! 09/27/07   —  Over a year ago I started going to a new dentist. It was a new office with LCD screens at each chair. The initial appointment was filled with updates about my history that showed up right away on screen. It was the coolest thing I’ve ever seen in a dentist’s chair (may not be saying much)...
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Mayor’s Picks - September 2007 09/19/07   —  Welcome back to the Mayor’s Picks. The market was in for quite a ride yesterday. One of the best days in recent history. The S&P was up almost 3%, which is incredibly high. But high valuations make a Mayor like me nervous. I’m much more comfortable knowing the stocks I’m buying...
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Shuffle Master Pulls Back 09/12/07   —  Shuffle Master (SHFL) announced dissapointing earnings yesterday and dropped nearly 10% today. But instead of negative comments from the CEO and analysts both were positive as Shuffle Master tries to integrate new aquisitions and move toward a leasing business model instead of sale. The transition is...
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AOB - American Oriental Bioengineering 09/10/07   —  Strong fundamentals held back by strong shorts in the recent months has given way…. the squeeze is on.  The underlying fundamentals are finally supporting a break out.  Outstanding recent quarterly announcement plus two acquisitions not factored into the EPS are in the midst of closing.  They h...
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Berkshire, My Favorite Stock 09/06/07   —  It isn’t often you get to have an opportunity to have the best investor in the world invest your money for you. But Berkshire Hathaway (BRK-A, BRK-B0 is just that opportunity. For those of you who don’t know who Berkshire Hathaway is next time you’re watching a Geico commercial or y...
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