Thursday, March 6, 2014
Is It Finally Time To Sell Tesla? TSLA
There's an old saying in the restaurant business: "Feed the rich, eat with the poor. Feed the poor, eat with the rich."
It's pretty self-explanatory. The guy who owns the four Popeye's Fried Chicken locations probably has better personal cash flow than the owner of the high-end, nouvelle, southwest creole joint in a rehabbed old cotton warehouse downtown. Interestingly enough, that same philosophy can be applied to the car business. From 1919 to 1937, the Duesneberg name was the gold standard in transportation for tycoon and Hollywood types. Only 712 cars were produced.
But 39-year-old Henry Ford had a different business model. Ford (NYSE: F) had moving assembly lines and a good quality, but produced only a bare bones Model T automobile. You could get it in any color you wanted -- as long as it was black. The rest is history.
Tesla Motors (Nasdaq: TSLA), I'm afraid, is today's Duesenberg. And the company's stock does not merit its price. (more)
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It's pretty self-explanatory. The guy who owns the four Popeye's Fried Chicken locations probably has better personal cash flow than the owner of the high-end, nouvelle, southwest creole joint in a rehabbed old cotton warehouse downtown. Interestingly enough, that same philosophy can be applied to the car business. From 1919 to 1937, the Duesneberg name was the gold standard in transportation for tycoon and Hollywood types. Only 712 cars were produced.
But 39-year-old Henry Ford had a different business model. Ford (NYSE: F) had moving assembly lines and a good quality, but produced only a bare bones Model T automobile. You could get it in any color you wanted -- as long as it was black. The rest is history.
Tesla Motors (Nasdaq: TSLA), I'm afraid, is today's Duesenberg. And the company's stock does not merit its price. (more)
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McAlvany Weekly Commentary
Money Printing & Your Personal Gold Standard
Posted on 05 March 2014.
About this week’s show:
-Who is richer than John D. Rockefeller?
-Infinite printing feeds infinite desire for power
-Income inequality sponsored by your government
-Be sure to watch, What is Real Money? CLICK HERE
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Chinese “1%” Threaten Lawsuit Against Canada For Shutting Visa-For-Cash Scheme
from Zero Hedge
When Canadian authorities scrapped their ‘investor visa’ scheme a month ago, we warned that the nation was removing a critical pillar of support for its real-estate bubble market. However, with an estimated 45,000 Chinese millionaires still in the queue, the wealthy hoping to get their cash out of China are not happy. As The South China Morning Post reports, a group of wealthy mainlanders has criticized the Canadian government for scrapping its investor visa scheme and are threatening legal action if the decision is not overturned – arguing “we had set aside a lot of money to meet the investment requirements and over the years passed up on many opportunities… A refund of our application fees will not make up for all the preparation put in.”
Continue Reading at ZeroHedge.com…
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When Canadian authorities scrapped their ‘investor visa’ scheme a month ago, we warned that the nation was removing a critical pillar of support for its real-estate bubble market. However, with an estimated 45,000 Chinese millionaires still in the queue, the wealthy hoping to get their cash out of China are not happy. As The South China Morning Post reports, a group of wealthy mainlanders has criticized the Canadian government for scrapping its investor visa scheme and are threatening legal action if the decision is not overturned – arguing “we had set aside a lot of money to meet the investment requirements and over the years passed up on many opportunities… A refund of our application fees will not make up for all the preparation put in.”
Continue Reading at ZeroHedge.com…
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Palladium Jumps To 11 Month High Of $770/oz On Deficit Concerns
Gold traded below its highest level in more than four months as tension between Ukraine and Russia eased leading to traders taking profits on gold.
Palladium climbed for a fifth
day and jumped to an 11 month high. Palladium for June delivery rose
0.7% to $769/oz, the highest for the most active contract since August 15. Palladium has gained 5.5% during the last five days of the crisis and is up 7.4% year to date.
According to Bloomberg Industries analysts Kenneth Hoffman & Oliver Nugent, “any
sanctions imposed by the EU and the U.S. on the export of Russian
palladium group metals would create a serious supply shortage that may
be difficult for industries to replace.”
Read more at http://investmentwatchblog.com/palladium-jumps-to-11-month-high-of-770oz-on-deficit-concerns/#ZBs5J5TEB3MWM7pU.99
Gold traded below its highest level in more than four months as tension between Ukraine and Russia eased leading to traders taking profits on gold.
Palladium climbed for a fifth
day and jumped to an 11 month high. Palladium for June delivery rose
0.7% to $769/oz, the highest for the most active contract since August 15. Palladium has gained 5.5% during the last five days of the crisis and is up 7.4% year to date.
According to Bloomberg Industries analysts Kenneth Hoffman & Oliver Nugent, “any
sanctions imposed by the EU and the U.S. on the export of Russian
palladium group metals would create a serious supply shortage that may
be difficult for industries to replace.”
Read more at http://investmentwatchblog.com/palladium-jumps-to-11-month-high-of-770oz-on-deficit-concerns/#ZBs5J5TEB3MWM7pU.99
Gold traded below its highest level in more than four months as tension between Ukraine and Russia eased leading to traders taking profits on gold.
Palladium climbed for a fifth
day and jumped to an 11 month high. Palladium for June delivery rose
0.7% to $769/oz, the highest for the most active contract since August 15. Palladium has gained 5.5% during the last five days of the crisis and is up 7.4% year to date.
According to Bloomberg Industries analysts Kenneth Hoffman & Oliver Nugent, “any
sanctions imposed by the EU and the U.S. on the export of Russian
palladium group metals would create a serious supply shortage that may
be difficult for industries to replace.”
Read more at http://investmentwatchblog.com/palladium-jumps-to-11-month-high-of-770oz-on-deficit-concerns/#ZBs5J5TEB3MWM7pU.99
Palladium climbed for a fifth day and jumped to an 11 month high. Palladium for June delivery rose 0.7% to $769/oz, the highest for the most active contract since August 15. Palladium has gained 5.5% during the last five days of the crisis and is up 7.4% year to date.
According to Bloomberg Industries analysts Kenneth Hoffman & Oliver Nugent, “any sanctions imposed by the EU and the U.S. on the export of Russian palladium group metals would create a serious supply shortage that may be difficult for industries to replace.” (more)
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