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Lung Butter?



Some thoughts running through my head (along w/ a mild fever and a rather interesting mix of sudafed and cough syrup):

  • I don't know what level it comes from and I'm not involved in the name but I'd betcha (not to be confused with "I'd wager and/ or encourage you to wager") that the next double digit percent gain for Sirius (SIRI:NASD) is catalyzed by some analyst noting that sales are rocking this quarter, in part due to all this free pub.

  • Safeway (SWY:NYSE) and other grocers make a lot more sense as "real estate plays" than Searsmart (KMRT, S) ever could. That said, wow, the punk margins and soul-crushing unions make groceries such a tough business.

  • Electronic Arts (ERTS:NASD) is shaking off a downgrade from WR Hambrecht today, in part because of a positive initiation from Smith-Barney. For whatever it's worth I agree (and have said before) that numbers for the current Q and next year are coming down for ERTS... but the stock's Hoof-esque action makes me wonder if that matters.

  • There's just something about the word "phlegm" that gets to folks. I've offered an alternative above.

  • Sic transit Gloria... yesterday's (sardonic) "Flight to Quality" is getting reversed angrily today.

  • I was doing great on ridding my head of "Jesse's Girl" (albeit with a lateral move to Smashmouth's "All(Dog)-Star") until Mr. Eisinger was on TV... where she was watchin' him with those eyes I just know it...
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position in bby, erts, swy

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