commandor, I agree having believed this for some time, as you may recall. The bribery of our citizens is why I see so little hope of changing the dysfunction of our government. It is the way our elected leaders want it to be.
I have a related story: a nephew has long and loudly complained about the ineptitude of government. A couple years ago, he earned a teaching degree and became an elementary school teacher in a nearby unionized public school district. He has continued to rail about government workers and government in general. When I recently mentioned the irony of his opinions given his employment with the school district, he recoiled saying "I'm not a government employee!". After I explained the taxing authority and governmental nature of the school district, he became quiet and troubled over the realization he was one of "them". It appears even some in government are oblivious to their role in the machine. Regards.
Khalid, the Reg SHO Daily Files indicate a significant amount of short trades for days subsequent to the March 13 reporting date. March 17 alone had 2,409,445 additional shares traded short. In total, 4,668,305 shares have been shorted since the March 13 report date. There is no way to tell how many of these short trades were covered since March 13.
Thanks to danfinn61 for identifying this short interest data source! It is eye opening to see the amount of daily short activity taking place in several of my positions.
commandor, gold and silver prices look like a falling knife. I see your purchase of IAG (good balance sheet and P/B) but wonder about another low-priced miner you mentioned a while ago, MUX. It's recent earnings were not very impressive. Might it also be worthy of consideration for diversification along with IAG and others? What % of a total position would you recommend now for miners? Best regards.
It is clear to me management's lowball revenue guidance for 2015 played a big role in disappointing investors. For those who didn't read the conference call transcript, I want to highlight reasons for optimism 2015 will be better than portrayed. Quotes from management:
"Again, we are really cautiously optimistic for 2015. This is the best estimate that we have at this time and we will continue to see how things progress and develop through the course of the year and we'll just make adjustment positive and or negative when necessary, but of course we'll want nothing more than to exceed our forecast again as we did in 2014."
They want nothing more than to exceed their forecast. There is nothing like lowballing guidance to accomplish that.
"...it was a concern that Frozen would be gone this year.
We couldn't be more positive about Frozen, but it's too early in the year like it was for us last year to give a good forward-looking understanding as we did last year early on. We are very positive, we have lot of line extensions in various categories. Disney has a lot behind Frozen worldwide this year. So we're excited about Frozen, but not just about Frozen. We are excited about our Hulk's mask, Max Tow and Nintendo and we're excited about various areas of business and we're just not a Frozen company, but at the same time Frozen is a dream for JAKKS anyone that has license and for Disney, who created it."
Management couldn't be more positive about Frozen and is excited over other new products. Investors need to consider this before selling into a depressed stock price.