Good Monday morn, all.
1. As the more percipient* amongst you likely by now have realized, in this game of team tag I am unk’s evil twin brother. I use the hammer, he the soft touch.
*Yes. No typo.
2. In my many decades of investing, I have been throttled and spit out more times than typing on an iPhone can relate. So in briefest fashion: More recessions, more corporate frauds, more bear markets, more black,black, black swans.
What is different this time is that never have I experienced a situation wherein we simultaneously have a company whose fundamentals are so thoroughly glorious - from sales to growth to earnings to debt ratio to depth of bench - 100% across the board magnificent!…..
…and a stock so abjectly unresponsive to same.
I truly am perplexed. SOME splendid companies have been tainted by a CEO disliked by Wall St - I point no fingers here - but I have to consider that the much-changed environment of *communications* likely is what makes things Different This Time.
Now signing off again, to enjoy the rest of my holiday.