A couple of reminders

Without any embellishments…

Copyright

This blog and use of this blog is governed by the disclaimers, policies, and copyright statements detailed in the About section (here.)

The disclaimer, copyright statement, and stated policies of this blog are subject to change without notice, and, so, you should review these every time you visit the blog.

Together, these three components govern your allowable use of this blog, so, if you don’t like something about any one of the components or if you can’t agree with all of the restrictions laid out in the components, you should stop reading the blog immediately.

Support

Your support is important. You can read more about how you can support us in the About section (here) and in the Follow and Support section (here.)

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XREFs

The XREFs section is expanding by leaps and bounds. Below you will find a snapshot of the status as of today. To access the updated XREFs section go here.

Master Index

By the Meta-topicBy the CompanyBy the Person

By the Meta-topic ↓
War and Business →
Violence and overwhelming rapid force — Heinz Guderian
Pursuit to the Point of Failure — Catastrophic turning points in war and busines
A Lesson from the Cuba Crisis — If you keep a big, scary dog around, it will eventually bite you
Adlertag — Meritocracy be damned
No Comment→
No Comment: What speculation looks like — MTSL/MER Telemanagement
No Comment: JOEZ is rocking again
No Comment: What’s the difference — Joe’s Jeans
No Comment: What is the question? — Joe’s Jeans
No Comment — November 21, 2013 — Unitek is swimming in volume
No comment – September 6, 2013
No comment – September 4, 2013
Dollars and Cents in Investments and Trading→
A paradigm for programmatic investment — 388% gain with Mind CTI
Is a gain of $14,478.90 enough?
How I made $39,790.93 in thirty days without breaking a sweat
Earth from an alien’s perspective→
Lights out
CEOs and the RiffRaff — A casual observation of a world with two realities
By the Company ↓
ClickSoftware Technologies →
When things are not what they appear to be
Being a Crappy Investor
Sales Metrics…
Keep this in mind….
ClickSoftware gets it… somewhat
Head in the clouds — feet in the dirt
Power of the Pen — ClickSoftware
When two threads meet
Let them eat cake…
Being a Crappy Investor
Pushing that button… — The bigger picture of the 2013 ClickSoftware proxy
Formula Systems →
Genius — Formula Systems pulls a Berkshire Hathaway
FORTY — per share price in a choppy sea
2 + 2 = 3.2 — Formula Systems just can’t catch up with itself
A $350,000 house for a nickel down — FORTY does it again
Formula does not compute
Crazy strobe lights in the disco
When 2 plus 2 does not add up to 4
Liquidity — part deux
Liquidity — Would you like to buy an M1 Abrams tank for $18,500?
Joe’s Jeans →
No Comment: JOEZ is rocking again
No Comment: What’s the difference — Joe’s Jeans
No Comment: What is the question? — Joe’s Jeans
Joe Versus the Volcano — Joe’s Jeans erupts
Mind CTI →
The futility of selling early — Mind CTI again
Please, sir, I want some more — Mind CTI redux
Mind CTI is prepared for 2014
A paradigm for programmatic investment — 388% gain with Mind CTI
MNDO dividend speculation — a bad neighborhood
Action!
Mind CTI steaming ahead
I wonder what is on their mind
Mind CTI wants to mind someone else’s business
Mind CTI results for fiscal year 2012
Keep this in mind…
Keeping Tab on MIND CTI
The Remarkable Story of Mind CTI – Fundamentals insanity and dividend speculation
MER Telemanagement Solutions →
No Comment: What speculation looks like — MTSL/MER Telemanagement
Chicken coming home to roost
Action!
Grundsaudaag — It is happening again
The sting of the scorpion – MER Telemanagement Solutions proves me right… again
Easy come — Easy go… Easy come?
Final chance?
Discipline — Chewing up MTSL
MER Telemanagement does it again
MTSL comes crashing to the ground
Rocket science in finance
Off track or…
And so it happened — the world shifted
MER Telemanagement Solutions’ worth in a post-apocalyptic world
MER Telemanagement Solutions — Back into the trenches
Stand Fast — The near-final chapter of the saga of MER Telemanagement Solutions
Recognizing Speculation in Equities – MER Telemanagement Solutions redux
Dangerzone Ahead — Crowd trading in MTSL in the face of potentially bad news for MER Telemanagement Solutions
Unitek Global Services →
No Comment — November 21, 2013 — Unitek is swimming in volume
Analysts are on Unitek’s case
Splashdown — Unitek has landed
Taking off from that Godforsaken rock — Unitek gets an upgrade
The predictable derivations from unpredictability — Unitek Global Services seesawing
Unitek Global Services — Interfering with my newfound power of the pen
By the Person ↓
Adolph Hitler →
Pursuit to the Point of Failure — Catastrophic turning points in war and busines
Adlertag — Meritocracy be damned
Bonaparte Napoleon →
Pursuit to the Point of Failure — Catastrophic turning points in war and busines
Heinz Guderian →
Violence and overwhelming rapid force — Heinz Guderian
John F. Kennedy →
A Lesson from the Cuba Crisis — If you keep a big, scary dog around, it will eventually bite you
Joseph Schmid →
Adlertag — Meritocracy be damned


Blog house-keeping: XREFs are now meaningful

2179187560_219853df69_oPhew!

The cross-reference section part of this blog is — finally — getting to the point of being sufficiently populated to actually being meaningful.

The purpose of the XREFs section is to provide a quick way to access the hundreds of postings that are now available. It is here for you, the reader, so I encourage you to try it out (here.)

Time to top up your contributions.

If you like the XREFs section, you can support this blog using PayPal. Any donations are welcome:


It’s Bizarre — DataXoom Twitter via MER Telemanagement Solutions

As it is the case for all postings in this blog, my standard disclaimers apply for this posting.  However, since this posting discusses investments, I urge you to review the disclaimers laid out in the About section with extra diligence. Moreover, even if you have already reviewed these disclaimers in the past, you need to review them again, as they are subject to change without notice.  Do it now, and remember that whatever I say in this blog posting is simply my opinion — it is not science, it is not advice, and it is not an attempt to make you act in any way whatsoever.

…. And, if you find yourself enjoying this posting, consider supporting the blog through a donation. For your convenience, PayPal links are provided to the right and at the end of the posting.

In an earlier posting (here,) I discussed a peculiar Slideshare posting by DataXoom, a nascent customer of MER Telemanagement Solutions, an Israeli company that I follow with some interest.

The posting, which raised many questions about DataXoom and MER Telemanagement Solutions was quickly yanked by DataXoom (something that I wrote about here,) which was probably the right move.

It doesn’t end there, however. In a bizarre twist this blog’s Twitter account () is now being followed by what appear to be DataXoom’s Twitter account, @DataXoom.

However, the bizarreness does not end there. Looking at the other 148 Twitter accounts being followed by @DataXoom yields a pretty eclectic crowd (bordering on a motley crew.) Here are some highlights of the crowd being followed:

Twitter-1 Twitter-2
Twitter-3 Twitter-4

Now, granted, I am not a fan of Twitter (in my view Twitter accounts are of most use for entertainment figures who seem to be able to collect massive amount of money for posting inane tweets and conduct attention-grabbing cat-fights (read about Ms. Julia Wilde’s fight with Mr. Justin Bieber and Ms. Paris Hilton’s shocking fees for Tweeting in an earlier posting, here.) Consequently, I am not a Twitter expert.

However, it is my understanding that, while it is not possible to choose who follows you on Twitter unless you “lock” your account, following someone is a choice.

If this understanding is correct, then I am hard-pressed to understand why a corporate Twitter account for DataXoom would follow such a group — and, of course, why it would follow this blog’s Twitter account.

With time it will probably all become clear. Until then, however, here is a shout-out to my homies at DataXoom!

Help us track the world’s anomalies

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Favorite postings?

Having posted a list of this blog’s five most popular postings in 2013 (here,) I received a couple of inquiries as to which of the 2013 postings were my favorites.

So, without further ado, here is my list of this blog’s eight most interesting postings in 2013 (yes, I suffer from Perfect Child Syndrome and, am, therefore, unable to limit myself to five postings):

  • A $350,000 house for a nickel down — FORTY does it again. A posting that, among other things, discusses the liquidity issue inherent in FORTY, the equity of Formula Systems, and points out how ridiculous the trades in the equity by offering the reader the opportunity to for a payment of only less than $1,000 buy either the new One World Trade Center in Manhattan or a Nimitz class carrier (find it here)
  • Grundsaudaag — It is happening again. A posting that discusses the effect of a (badly written, badly researched, and pretty much wrong on all points) SeekingAlpha article on the per share price of MTSL, the equity of MER Telemanagement Solutions (find it here)
  • Fabergé egg in the rubble. A posting that illustrates how careful reading of filings with the Securities and Exchange Commission is not a waste of time (find it here)
  • Terminal endings — murder and suicide. A posting that discusses a murder at AOL’s Patch subsidiary and a meticulously planned, executed, and documented suicide in Kansas City (find it here)
  • Question of the week — Busyness in business. A posting that discusses the true level of executive busyness (including that of Ms. Sheryl Sandberg, as of this week a billionaire,) which may, in fact, be an urban myth (find it here)
  • Handguns, amputation, and silence. A posting about powerful revolvers, ballistics, and the power of escaping gas (find it here)
  • Pushing that button… — The bigger picture of the 2013 ClickSoftware proxy. A posting about the apathy of investors and the considerable potential power that they have, but refuse to wield (find it here)
  • Violence and overwhelming rapid force — Heinz Guderian. A posting about General Heinz Guderian, Apple, and the power of the schwerpunktprinzip (find it here)

All right… For the sake of completeness is my list of this blog’s six most interesting postings in 2012 (“why six?” you ask? “I don’t know,” I say):

  • Fiscal Cliff and NASCAR? A posting about the disgraceful American Taxpayer Relief Act of 2012 (H.R. 8) (find it here)
  • Pearl Harbor and 9-11 — Teaching your enemy how to fight. A posting about how Pearl Harbor, kantai kessen, 9-11, and the education of your enemies (find it here)
  • Pursuit to the Point of Failure — Catastrophic turning points in war and business. A posting about Napoleon, Moscow, Boridono, Stalingrad, and IBM (find it here)
  • Web-sites Getting 12 Billion Hits in Three Months — No, it is not Yahoo, Facebook, or Google. A posting about the National Weather Service, a mission-critical government agency under constant lobby assault (find it here)
  • Adlertag — Meritocracy be damned. A posting about the Battle of Britain and the colossal blunder of the hapless Colonel Joseph Schmid, Luftwaffe’s chief intelligence officer (find it here)
  • Olympic$ — Chasing the gold. A posting about the pursuit of gold and dollars at the Olympics (find it here)

Time to top up your contributions.

With the new year rolling around (and new subscription expenses emerging!) I want to encourage you to support the blog. $20 is a good amount, but if you are strapped after the holidays, you may want to consider something less. Any donations are welcome, and, as usual, you can contribute via PayPal:


Out with the old

Fireworks over Houston, TexasWelcome to 2014! We have modified our copyright statement to allow for the change of year, so this is your opportunity to take a fresh look at the policies that govern your use of this blog (go to the About section, here.)

Last year our (recurring) readership grew just about 500%.

Our spontaneous readership varied up to 1,000%, depending on what articles we posted.

The most popular postings were:

  • Liquidity — Would you like to buy an M1 Abrams tank for $18,500? (Find it here)
  • What is wrong with ClickSoftware? (Find it here)
  • MTSL comes crashing to the ground (Find it here)
  • The predictable derivations from unpredictability — Unitek Global Services seesawing (Find it here)
  • MER Telemanagement does it again (Find it here)

Time to top up your contributions.

With the new year rolling around (and new subscription expenses emerging!) I want to encourage you to support the blog. $20 is a good amount, but if you are strapped after the holidays, you may want to consider something less. Any donations are welcome, and, as usual, you can contribute via PayPal:


Red Corner outperforms me

As it is the case for all postings in this blog, my standard disclaimers apply for this posting.  However, since this posting discusses investments, I urge you to review the disclaimers laid out in the About section with extra diligence. Moreover, even if you have already reviewed these disclaimers in the past, you need to review them again, as they are subject to change without notice.  Do it now, and remember that whatever I say in this blog posting is simply my opinion — it is not science, it is not advice, and it is not an attempt to make you act in any way whatsoever.

…. And, if you find yourself enjoying this posting, consider supporting the blog through a donation. For your convenience, PayPal links are provided to the right and at the end of the posting.

2163027497_8c463c3eff_oThe fellow over at the Red Corner blog has done it again. He has produced a follow-up blog posting (here) to his first Unitek Global Services posting (read about his first posting here,) dissecting the numbers for the first and second quarter of the 2013 fiscal year.

As the attentive reader of my blog has probably gathered, I have a more than passing interest in Unitek Global Services and its equity, UNTK (start here and work your way backwards if you want to catch up.)

In his posting, the Red Corner blogger focuses on the liquidation value (the dreaded bankruptcy scenario, again.)

You can read more about this in the Red Corner posting. Personally, I am not so interested in his conclusions around bankruptcy, since, in my experience, any Chapter proceeding results in the wiping out of the common shareholder, regardless of theoretical residual value or NAV, and, so, from my portfolio perspective, any scenario which involves bankruptcy proceedings of any sort is tantamount to a complete loss.

Unitek Summary TTMWhat I did find interesting, however, was a neat little table that summarized the progress made since the incubation a couple of years ago, as shown to the right.

Nice and succinct, eh?

Revenues, gross profit, and EBITDA dramatically up on both a year over year basis and on a trailing twelve months basis.

Certainly, looking at these numbers it is easy to forget that we are dealing with what the market perceives as a distressed situation and distressed company.

By the way, in the bankruptcy calculations, the Red Corner blogger includes the two assets that we should always keep in mind when looking at the case for investing in Unitek Global Services. First, there is the considerable Net Operating Loss of more than $85 million, and, second, there is the reclaw from Pinnacle of anywhere between $0 and $26 million.

We, of course, wrote about these in our Fabergé posting (here,) arguing that these two entries, together with the sanitizing of the balance sheet that was undoubtedly performed as part of the restatement (the corporate equivalent of throwing in the kitchen sink,) actually has the potential to add immense value to UNTK going forward.

In retrospect, I probably should have created and published a similar table in my posting of October 16th, 2013 (here,) where I discussed the results for the first and second quarter of the fiscal year.

Well, quoting ABC’s Lost, Whatever Happened, Happened, so onward and upward we go!

Participate, please….

If you have enjoyed this posting, you can express your appreciation through donation via PayPal right now.   For this type of posting a one-off donation of $10 is suggested.


Our About section has changed

2179185708_9d1befc471_oOur About section has changed.

In many ways the About section is the most important part of this blog as it contains our Disclaimer, Copyright, and Policies statements, and so it is important that you review the About section before proceeding with reading of the blog’s postings.

For your conveniences, this is an extract of parts of the the Disclaimer, Copyright, and Policies statements that govern your use of this blog and the postings and information contained therein, current as of today, October 15th, 2013:

The disclaimer, copyright statement, and stated policies of this blog is subject to change without notice, and, so, you should review these every time you visit the blog.

The materials in this blog are provided for informational purposes only, as of the date hereof, and is subject to change without notice. Generally, the materials may not be suitable for everyone and the material certainly may not be a suitable basis for you making investment decisions. Nothing in this blog is intended to be an offer or the solicitation of any offer to buy or sell any securities.

All content provided on this blog is for informational purposes only. I make no representations as to the accuracy or completeness of any content on this site or information found by following any link on this blog. By reading this blog you agree that I will not be liable for any errors or omissions in information provided herein, nor for the availability of this information. Furthermore, you agree that I will not be liable for any losses, injuries, or damages that you may incur from the review or use of this information.

If you cannot agree with these terms, you should not read this blog and its postings.

Please note that the above extract is not a comprehensive description of the Disclaimer, Copyright, and Policies statements that govern your use of this blog and the postings and information contained therein. You still need to review the About section, and, you need to be aware that the About section and the Disclaimer, Copyright, and Policies statements detailed therein are subject to change without notice.