According to a NY Times article, the following industries have experienced significant sales growth in the last 12 months (privately owned companies only):
8 Comments
Comments are closed.
According to a NY Times article, the following industries have experienced significant sales growth in the last 12 months (privately owned companies only):
Comments are closed.
Our mission is to help you live a free and inspired life. This includes building wealth in ways that build real wealth in the wider economy. We believe that personal and family wealth is a critical ingredient of both individual freedom and community. health and well-being.
Nothing on The Solari Report should be taken as individual investment, legal, or medical advice. Anyone seeking investment, legal, medical, or other professional advice for his or her personal situation is advised to seek out a qualified advisor or advisors and provide as much information as possible to the advisor in order that such advisor can take into account all relevant circumstances, objectives, and risks before rendering an opinion as to the appropriate investment strategy.
Be the first to know about new articles, series and events.
No products in the cart.
Doug:
Seems like quite a useful post to me.
We have a PUMP AND DUMP PANDEMIC!
That’s why I always say — I think free markets are a great idea — just one we have yet to try.
One of my theories as to why so many churches have a sculpture of Jesus bleeding on the Cross facing the congregation is that it is a subliminal message handed down from on high to generations of children, saying “See what happens to you if you mess with our money!”
Catherine
Also — today I accidentally deleted a comment. I did not see what post it was connected to before it disappeared into digital afterlife. APOLOGIES. If you read this would you re-post? Thanks.
First off – let me apoligize for my cynical and sarcastic comments, they represent 6 plus years of astonishment…to put it mildly.
So – what companies are doing well. Well for one, the stock price of “homebuilder” NVR. Today it closed at $431. They announced 2008 sales of 8,760 units and a backlog of 3,164 units. For most of 2008 the stcok traded in the $400 plus range. In 1999 NVR had unit sales of 9,678 units and a backlog of 5,145 units. Back in 1999, NVR traded between $38-58 and spent most of the year around $45.
I thought the homebuilders were trading at nosebleed prices in late 2002 and have been following them since then. Out of the 15 largest publicly traded homebuilder stocks, 14 have seen there stock price be round tripped back to 1999-2000 levels. But not teflon NVR.
Back in 1999, NVR had a book value of $30, whereas today Santa Claus, the Easter bunny and the Tooth fairy have all gotten together to sprinkle some pixie dust on these calculations to magickally produce a $251 book value based on some accounting standards found in another dimensional state of existencse.
Catherine, I really appreciatiate over the past few years, everything you’ve done in various media appearances, the website, etc. to help us common people understand what’s really going on. Today, I just got frustrated for the umpteeenth time, when NVR had another one of its stick saves where the stock was gunned $13 higher the last 5 minutes of trading.
Actually, that was mild to what usually happens. For the past 18-24 m0nths, everytime the DJIA is down 200 plus points and the rest of the homebuilders are down 10% plus, NVR magicklly gets an end of the day trade $25-30 higher than where the stock was trading one minute before the NYSE close. I wonder why the other hoembuilder stocks never enjoy such fortuitous trades. What kind of “professional trader” makes such trades?
Again my apologies. I’ll make more productive comments in future posts. Regards DH
Great Website. As the owner of a statewide Title Insurance co., We are the “canary in the mine”, we track everything, some we release to the public and some we keep in-house. We saw the current housing crisis years ago and started saving for the rainy days. some of the garbage loans that we were required to close was nothing more than legalized loan sharking. We see trends in the realestate markets way before anyone else. If you track the bills that congress has passed you see a direct correlation to what is happening with the housing markets today. congress is a pack of reckless idiots.
http://tycoonreport.tycoonresearch.com/articles/856494965/jamie-dimon-s–million-bet-on-jp-morgan
Jamie Diamond bets $11 million. I recall as a Cardmember Services advisor of Bank One’s First USA Credit Card division, his appointment by the Bank One Board. His video to staff effectively drew a target on Citibank as their competitor. I was already sick of the unethical applications and member agreements that are legal. I finally left the bank about eight years ago.
Interesting action by Mr. Diamond,
Brad
Catherine-
Much appreciated. Your insights are invaluable and have assisted me in simplifying my business.
Koios:
Great post. Thank you very much,
Catherine
Some potential investment ideas here…
1. Grow your own food
2. Land
3. Metals
4. Fuels
5. Utilities
6. Use the profits to pay your water/sewage/garbage bill. 🙂
Thoughts?
Being in the remediation/waste management business that is directly related to petroleum marketers & wholesalers (about 50% of our revenue), I’d like to supply a brief insight on why both industry figures might not be what they seem.
First, we had a 25% fuel surcharge tacked on top of our invoiced amount for several months last year. It is now down to 6-9%. Second, there was little argument over price until December of last year. Every bid is now being examined and getting squeezed, even from 15+ year customers. And this is in a relatively stable market (Charlotte and a 100 mile radius).
For petroleum marketers and wholesalers, when you are selling a product that rose in price by over 200% at times, the 16% increase is actually a bad omen, unless if that is stated in raw gallonage. Figures for motor fuel consumption in 2008 in NC were 3+% lower than 2007, so I doubt that.
The interesting commonality of these groups is that they are all in the “essential” commodity usiness and services to that trade. And it sure beats being a new car dealer.