Hui Ka Yan, chairman of Evergrande, at a news conference in Hong Kong. Justin Chin/Bloomberg Real estate tycoon Hui Ka Yan is pushing ahead with his ambitious plan to become the Elon Musk of China by ploughing billions of dollars into electric vehicles, bu…
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Month: September 2019
Peloton Busts IPO – Good. Micron Bad Guidance – Not So Bad. Tesla And China Surprise. 10-10 Not A Ten
Peloton’s (PTON) Busted IPO No one expected what happened yesterday. Thursday night, the IPO was priced at $29, and PTON opened at $27. That means that for once the little guy didn’t get screwed. I’m saying that this bust is good and not for schadenfreude. I…
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McDermott International: Mistaken Identity
The evidence that Mr. Market is going into full irrational panic mode is mounting with the stock price collapse of McDermott International (MDR). Those who have been investing for a while have seen this type of behavior before. The short-term implications are…
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Russia “Would Like to Hope” White House Won’t Release Trump-Putin Calls
Within hours of Donald Trump releasing a rough readout of a call between him and Volodymyr Zelensky, in a ham-fisted attempt to prove he hadnt extorted the Ukrainian president into investigating Hunter Biden, Republicans had begun privately fretting that they…
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Trump: It’s “Very Legal and Very Good” to Court Election Meddling
Most people dont need a legal degree to know that its a gross abuse of power for the president of the United States to get on the phone with the leader of another country and ask the guy to investigate a political rival, and to suggest that if the probe doesn…
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