When the courts ruled the Odyssey Marine (OMEX) should return the sunken treasure to the Spanish government on June 4, 2009 Odyssey's stock price lost nearly half its value in a single trading day. Without a doubt this is a huge blow to Odyssey, but the fight is not over. Anyone in their right mind would realize that Odysesey Marine should at least be given a massive finders fee for discovering, recovering and preserving this historical find.
If you caught the program on the Discovery Channel called Treasure Quest you can see that this company is serious about finding treasure. There is a lot of different shipwrecks in the sea and it is only a matter of time before they discover another big find like the Black Swan. Sure this stock is risky, but not as risky as it was at $4. Think of buying this stock like a ongoing lotto ticket, you never know when you are going to strike it rich, but you have a chance and a pretty good one if you ask me at this bargain basement prices.
What do you think about Odyssey Marine's stock, are they a good buy at these levels or do you think they could sink even lower?
Wednesday, June 24, 2009
Odyssey Marine Down But Not Out
Saturday, March 14, 2009
Uncensored Jim Cramer John Stewart Interview
I feel it is important to watch this uncut interview between John Stewart and Jim Cramer... It kinda puts things in perspective and let's us know just how off path we have gone... So many people have been devastated from this financial collapse...
The Second Part...
The grand finale...
What do you think? Where are we headed from here?
Thursday, January 22, 2009
Google Keeps On Trucking As The Rest Of The World Burns
The recession proof Google proved that well... it's recession proof! Even with the major downturn in essentially all the economies around the world Google managed to beat analysis estimates and actually grow year over year and quarter over quarter. They manged to make GAAP operating income for the fourth quarter of 2008 of $1.86 billion! That is nothing to sneeze at when a lot of other companies are reporting losses. They also have 15.85 billion in cash, cash equivalents, and short-term marketable securities as of December 31, 2008. Not too bad either... Here are the other highlights from the quarter...
• Revenue growth of 18% Y/Y and 3% Q/Q
– Google properties revenue growth of 22% Y/Y and 4% Q/Q
– Network revenues increased 4% Y/Y and 1% Q/Q
– International revenue was $2.9 billion
• Operational Highlights
– Traffic and revenue solid in Q4 despite difficult economic environment
– Key investments continue in our core search and ads businesses
– Increasing prioritization of our newer investments:
And my personal favorite the visual evidence of Google's growth...
I don't have to tell you what to do... the numbers speak for themselves...
