Don’t Panic About E*Trade

Wow, people are really panicked.
Here’s what happened. Yesterday, Citigroup analyst Prashant Bhatia wrote an extremely negative report on E*Trade based on their announcement of exposure to mortgage securities where he put the likelihood of bankruptcy at 15%. How he calculated this, I don’t know. Maybe he estimated their exposure and risk [...]

Thoughts on VMWare (VMW) and EMC Valuation

I’ve been resisting any comment on this topic, but I just had to note something.
VMWare, after its IPO at $29 per share, crossed over $100 today to close at $101.61. Since they have 383 Million shares outstanding, that’s a market cap of $38.91 Billion. EMC closed at $21.81, and with 2.1 Billion shares [...]

VMware (VMW) Shoots the Lights Out on Day 1

76% rise from initial pricing of 29, which was up from the original range of $23-$25 per share. Close at 51. Amazing.

VMware (VMW) IPO Countdown Begins

The hottest software IPO of 2007 is likely just two weeks away.
VMware (VMW) has begun its official IPO roadshow, and has set tentative pricing of it’s IPO at $23 to $25 per share.  EMC will be retaining an 87% stake in the company.  The shares released to the public will be Class A shares, while [...]

Tough Choice: Picking an International REIT ETF

Tough choices tonight on the personal finance front.
I recently rolled over my 401k from eBay into an IRA. As a result, I now have the ability to better balance out my retirement portfolio across different asset classes.
In a previous post here, I discussed the launch of the first international REIT index ETF, the SPDR [...]

Thoughts on My First 24 Hours with a Nintendo Wii

So, I actually did get a Nintendo Wii for my birthday. And yesterday, for the first time, I actually had a free moment or two to hook it up and play with it. Since then, I’ve probably played a total of 60 minutes of Wii Sports, and I thought I’d capture some of [...]

History Doesn’t Repeat Itself, But It Does Rhyme

This quote may be by Mark Twain (or it may not).
If you want an example, here’s one:
How Google Hits $1000 a Share (2006)
[Cisco's] Market Cap Climbing to $1 Trillion (2000)
At least I’m not the only one who thinks so.

Your Employee Stock Purchase Plan (ESPP) is Worth a Lot More Than 15%

First, credit for this article goes largely to “The Finance Buff“, a great blog I just discovered today. He wrote a post about Employee Stock Purchase Plans (ESPP) that really struck a chord with me, and I thought I’d share it with my readers.
Employee Stock Purchase Plan (ESPP) Is A Fantastic Deal
Most people think [...]

Blogs I Read: Herb Greenberg

I have been reading Herb Greenberg since he was a financial columnist for the San Francisco Chronicle (yes, there was a time when I had a subscription to that paper).
I followed him to TheStreet.com, and even ponied up $99 a year for a while for the privilege of reading his articles.
Now, he is at CBS [...]

Why I love Timber as an Asset Class

I found this article on the Motley Fool this week called “Is Lumber the New Gold“, and it reminded me why Timber might be my favorite asset class of all.
I was first introduced to Timber as an asset class at Harvard Business School, in one of my classes on Venture Capital & Private Equity. Dave [...]

Dow 12000? Could have been 22000! Berkshire Hathaway in the Dow Jones Industrial Average.

Big news this week. The Dow has closed over 12,000. Whoopee.
Sometimes, I am amazed at how incredibly stable certain staples of culture can be, even in the face of overwhelming logic & reason.
One example of this is the continued fascination that people have with the Dow Industrials index. This group of [...]