Berkshire Hathaway is tanking and was down nearly $3 from the high this morning. Does somebody hear Bill and Melinda's footsteps? This would be an opportune time for them to sell some shares. That is part of the reason I decided to exit the position this morning.


Anonymous said...

You think Melinda Gates is hot?

I remember reading an article about her and her quote was "so he's got a lot of money, so what?""


Anonymous said...

That was when she was first dating him.

Anonymous said...

Sold GY @ 3.91


Tsachy Mishal said...

you are a monster.

Anonymous said...

Yo Tsachy

Sold 1/2 of JTX @ 2.35

Keeping the other 1/2 till 2.50

(knock on wood)


Tsachy Mishal said...

Im in it to win it.

Anonymous said...

Did you average down like me?

Let me tell you, there are a ton of people that are REALLY NEGATIVE ABOUT THIS STOCK.

I"m skeptical whether this can go above 2.50 in the short run.

A lot of people think the world is gonna end for this stock.

I'll be honest there is a chance this company has negative earnings this tax year.

They never had that before.

I fortunately averaged down so I made money on this.

Just my 2 cents

Anonymous said...

And I apologize for the bad buy in this at 2.33

I messed up by buying way too early. Another lesson learned.

Round numbers round numbers.

Tsachy Mishal said...

I blew my wad on the initial buy. Im playing with peanuts though. I used up whatever free money I had in my retirement account.

Anonymous said...

Alright just letting you know from my POV. I have researched this company very heavily this past week.

Tsachy Mishal said...

Thanks. Any chance of bankruptcy in the near future? buyout?

Anonymous said...

Well the shorts who have been basically quiet the last couple of days are saying all kinds of things.

All of what you mentioned are amongst the chatter.

The company does around 250 mln a year in revenue and 20 to 30 mln per year in net income.

Right now the market cap is 60 mln.

They lost half the funding for refund anticipation loans because their partner bank SBBT was forced to stop doing that by the TARP oversight committee.

My calculations suggest around a 25 mln dollar hit to EBITDA.

Most of this is going to affect the net income.

There's a chance it can be negative net income for 2010 fiscal year. They report in March 2011.

I doubt they will go bankrupt. Not sure about being taken over.

They just started putting their stores in Walmart, so people even speculate that WMT can buy them out.

I just think it deserves to trade more than 60 mln mkt cap.

Tsachy Mishal said...

Thanks. It seems like there should be banks lining up to replace them.

Anonymous said...

Yeah but that's not happening supposedly according to the shorts because the RAL is a highly regulated industry.

I don't really understand it myself but so far HSBC does it for HR Block.

My guess is that JTX finds someone to replace SBBT or SBBT signs back on with them once they repay back tarp.

anyways I sold more @ 2.41


PJ said...

Thanks, Dawg. I got out earlier for a smaller profit. Should've waited for your sell signal.

Anonymous said...