Friday, June 01, 2007
ToyGuns Confiscated from Wal-Mart
In Shanghai 46 toyguns were confiscated from a store owned by Wal-Mart Stores Inc. (WMT), which trades on the New York Stock Exchange. The reason given was that they were too realistic.
$98 Million for a Diamond Encrusted Skull
I told you the art and collectibles market is hot. A cast of a human skull covered with 8,601 diamonds was created by Damien Hirst, is for sale for $98 million.
Why You Should Buy Fake Dirty Underwear
There have been a lot of articles on the web in the last few months about where to hide your money and valuables to keep them safe from burglars. The articles describe where you should and shouldn't store them. Such places of where you should not keep you valuables include your top dresser drawers, drawers in your bedside tables, backs of closets, cookie jars, under your mattress, in the toilet tank, etc. Many authors also recommend leaving burglars a 'tip'; in other words a small amount of easily found cash so the burglars find it and leave without spending too much time in your house.
Here is one suggestion I have that I've never seen anyone write about for a burglar tip. Gather up any old coins laying around that aren't worth much or even not worth anything above face vale, but just look old. Put them in a box, put a label on it that says 'coin collection' and keep it in your top drawer of your dresser. Keep your real coin collection in your safe deposit box, or if you must keep it at home, keep it in non-obvious places for burglars [I have lots of ideas but I'm concerned about the info being spread around too much.
Let me tell you NEVER where to hide stuff. Never, ever store valuables at the bottom of a waste basket. The burglars may never look there, but you can be sure that at some point in the future, either you or a family member will accidentally throw out the good with the garbage. [If it sounds like I am writing from personal experience, I sort of am. Fortunately, I was able to retrieve what was lost before it ended up in the garbage truck.]
So what does all this have to do with dirty underwear? There is a company that sells what it calls Diversion Safes. Their popular item is what looks like dirty underwear with a place in it to conceal money, jewelry, or other valuables. If you want to see a picture of it, go to the link and scroll down the page. They also sell a lot of other hiding products.
Here is one suggestion I have that I've never seen anyone write about for a burglar tip. Gather up any old coins laying around that aren't worth much or even not worth anything above face vale, but just look old. Put them in a box, put a label on it that says 'coin collection' and keep it in your top drawer of your dresser. Keep your real coin collection in your safe deposit box, or if you must keep it at home, keep it in non-obvious places for burglars [I have lots of ideas but I'm concerned about the info being spread around too much.
Let me tell you NEVER where to hide stuff. Never, ever store valuables at the bottom of a waste basket. The burglars may never look there, but you can be sure that at some point in the future, either you or a family member will accidentally throw out the good with the garbage. [If it sounds like I am writing from personal experience, I sort of am. Fortunately, I was able to retrieve what was lost before it ended up in the garbage truck.]
So what does all this have to do with dirty underwear? There is a company that sells what it calls Diversion Safes. Their popular item is what looks like dirty underwear with a place in it to conceal money, jewelry, or other valuables. If you want to see a picture of it, go to the link and scroll down the page. They also sell a lot of other hiding products.
Racecar Motorsports Stocks: Worth Doing a Drive-by?
Based on television ratings, NASCAR has become the second most popular professional sport in the U.S., after football and their fans are considered the most brand loyal of all sports. They also receive more advertising from Fortune 500 countries than any other sports.
Speedway Motorsports Inc. (TRK) owns several motorsport racetracks including Atlanta Motor Speedway, Bristol Motor Speedway, Infineon Raceway, Las Vegas Motor Speedway, Lowe’s Motor Speedway, Texas Motor Speedway, and North Carolina Speedway. The stock has a P/E of 16 and a PEG of 2.3. They even pay a small yield of .8%. They recently reported an earnings drop of slightly over 1% on a minimal .7% revenue increase.
Dover Motorsports Inc. (DVD) is a Delaware based company that owns and operates Dover International Speedway in Dover, Delaware; Gateway International Raceway near St. Louis, Missouri; Memphis Motorsports Park in Memphis, Tennessee; and Nashville Superspeedway near Nashville, Tennessee. Although they are generating negative earnings, they have a forward P/E of 32 and they pay a yield of 1.1%. The hedge fund Marathon Partners L.P., founded by Mario D. Cibelli, owns 500,000 shares of the company and has written a letter to the Board of Directors urging them to sell the company.
The Daytona Beach, Florida company, International Speedway Corp. (ISCA), owns and operates several motorsports racetracks in Florida, Alabama, Arizona, California, Kansas, Michigan, New York, South Carolina, and Virginia. The stock has a P/E of 25.7 and a PEG of 2.2. They just increased their annual dividend by 25% which they have paid since for 34 consecutive years. The company just had its credit ratings increased from BBB- to BBB by Standard & Poor’s.
A very low market capitalization and therefore highly speculative stock, DIRT MotorSports, Inc. (DMSP.OB), operates several dirt motorsports tracks in New York, Florida, and Pennsylvania. In spite of the fact that their revenues were up over 22%, their earnings and cash flow are negative.
Another low cap stock, Interactive Motorsports & Entertainment Corp. (IMTS.OB) owns and operates NASCAR Silicon Motor Speedway racing centers. Earnings and cash flow are negative.
A third microcap, American Racing Capital, Inc. (ANRC.OB), designs and purchases motor sports racetracks. Negative earnings and negative cash flow.
To round out the microcaps, there is Dale Jarrett Racing Adventure Inc. (DJRT.OB), which provides raceway type driving schools for individuals and corporations. Negative earnings.
Author does not own any of the above.
Speedway Motorsports Inc. (TRK) owns several motorsport racetracks including Atlanta Motor Speedway, Bristol Motor Speedway, Infineon Raceway, Las Vegas Motor Speedway, Lowe’s Motor Speedway, Texas Motor Speedway, and North Carolina Speedway. The stock has a P/E of 16 and a PEG of 2.3. They even pay a small yield of .8%. They recently reported an earnings drop of slightly over 1% on a minimal .7% revenue increase.
Dover Motorsports Inc. (DVD) is a Delaware based company that owns and operates Dover International Speedway in Dover, Delaware; Gateway International Raceway near St. Louis, Missouri; Memphis Motorsports Park in Memphis, Tennessee; and Nashville Superspeedway near Nashville, Tennessee. Although they are generating negative earnings, they have a forward P/E of 32 and they pay a yield of 1.1%. The hedge fund Marathon Partners L.P., founded by Mario D. Cibelli, owns 500,000 shares of the company and has written a letter to the Board of Directors urging them to sell the company.
The Daytona Beach, Florida company, International Speedway Corp. (ISCA), owns and operates several motorsports racetracks in Florida, Alabama, Arizona, California, Kansas, Michigan, New York, South Carolina, and Virginia. The stock has a P/E of 25.7 and a PEG of 2.2. They just increased their annual dividend by 25% which they have paid since for 34 consecutive years. The company just had its credit ratings increased from BBB- to BBB by Standard & Poor’s.
A very low market capitalization and therefore highly speculative stock, DIRT MotorSports, Inc. (DMSP.OB), operates several dirt motorsports tracks in New York, Florida, and Pennsylvania. In spite of the fact that their revenues were up over 22%, their earnings and cash flow are negative.
Another low cap stock, Interactive Motorsports & Entertainment Corp. (IMTS.OB) owns and operates NASCAR Silicon Motor Speedway racing centers. Earnings and cash flow are negative.
A third microcap, American Racing Capital, Inc. (ANRC.OB), designs and purchases motor sports racetracks. Negative earnings and negative cash flow.
To round out the microcaps, there is Dale Jarrett Racing Adventure Inc. (DJRT.OB), which provides raceway type driving schools for individuals and corporations. Negative earnings.
Author does not own any of the above.
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