How loving Christians raise their children:
I’m getting rid of some dogs of mine that have done horrendously the last few weeks and will be putting about 2/3 of the proceeds into Standard Motor Products Inc. (SMP) (auto parts) and 1/3 into Patrick Industries Inc. (PATK) (building materials). Patrick has been on a tear since the beginning of the year, but I’m hoping it has some more growth potential left.
Regarding Facebook: I didn’t buy any, of course, because I’m mostly into low- and mid-cap stocks with a low P/E ratio. The $38 IPO price (for banks–you would have had to buy at the actual opening price of $42) capitalized the company at over $100 billion. Ehhhh… I don’t think so. I do think Facebook is going to be around for a while and will be a more or less successful business–I use it all the time myself to keep in touch with old high school and college friends that I would have otherwise completely lost touch with. But…are they really going to make enough money to justify a valuation at $100 billion in the near future? Ask yourself this question: Have you ever even clicked on an ad in your Facebook sidebar, let alone made a purchase from an advertiser? I thought not. So, apparently, did General Motors, who decided to quit advertising with them just prior to the IPO–citing poor results from those ads.
Also, in one word: “Timeline”.
Now, having said that, my analysis of the GOOGLE IPO was exactly the same–and proved that I’m an idiot. So…pay no attention to me. Nothing to see here. Move along…
Wurzelbacher said he had a couple of plumbing jobs scheduled for today and hoped he would get more calls before the day was out.
He will need the money. Wurzelbacher’s new notoriety has brought to light the fact that he owes nearly $1,200 in unpaid taxes.
“There is a judgment lien against him for nonpayment of income tax,” Barb Losie, deputy clerk of the Lucas County Court of Common Pleas, told ABCNews.com. “The state files hundreds of liens a day. It means he owes that money.”
Losie said Wurzelbacher owes $1,182 from January 2007, but no action has been taken against him outside of filing the lien.
“There is no judge pulled, there is no attorney assigned… There is a 99 percent chance he doesn’t know about the lien, unless he did a credit report or was ready to pay his taxes,” Losie said.
A second lien has been filed in the courhouse against Wurzelbacher for $1,261 that he apparently owes St. Charles Mercy Hospital. That lien was filed in March 2007…[Rest of article]
The “sweded” version of Scorsese’s TAXI DRIVER, by a French director. Could you ask for anything weirder?
A new movie coming out from the Christian Right Crazies:
THE FIRST TIME THAT principal Jim Sporleder tried the New Approach to Student Discipline at Lincoln High School in Walla Walla, WA, he was blown away. Because it worked. In fact, it worked so well that he never went back to the Old Approach to Student Discipline. This is how it went down:
A student blows up at a teacher, drops the F-bomb. The usual approach at Lincoln â€“ and, safe to say, at most high schools in this country â€“ is automatic suspension. Instead, Sporleder sits the kid down and says quietly:
â€œWow. Are you OK? This doesnâ€™t sound like you. Whatâ€™s going on?â€ He gets even more specific: â€œYou really looked stressed. On a scale of 1-10, where are you with your anger?â€ [Rest of article]