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Cheap Tricks

By

I want you to want me.

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Surrender. Surrender; but don't give yourself away...

Daimler-Chrysler
(DCX) is ripping another 5% today on the news that General Motors (GM), despite denials, may actually be willing to buy DCX's Chrysler division. That makes almost 10 pts and 15% of gains this week.

If I were Daimler CEO Dr. Z, a guy trying to unload a chronic pain in his Arsch to a buyer who really should know better, I'd be trying to settle the market down in a big way, in terms of reacting to this so joyfully. Nothing scares a possible buyer like the selling party giggling uncontrollably.

Then again, the guys from Fortress Investment (FIG) looked pretty happy ringing the opening bell before the IPO and the buyers seemed just fine jumping on board the first public hedge fund not named Goldman Sachs (GS). Maybe Dr. Z is selling GM on the idea that Chrysler would make a great hedge fund, a la SearsHoldings (SHLD)?


No Coke. Pepsi.

Herb Greenberg was given a generous decision by Becky Quick last night on Fast Money when we debated Coke (KO) vs. Pepsi (PEP). The issue with Coke as a turnaround story, or even a potential short squeeze, is that Coke itself doesn't seem to be looking for a catalyst. I reviewed the quarter and saw a bunch of stuff about weak case shipments, blah growth and cost savings.

In short: Yawn.

Delighted with his victory, Herb gloated at me this morning, via IM, telling me we'll "revisit the story in the 50's." For those setting their TiVO's (TIVO), Herb clarified that he meant "when KO's stock gets to the 50's" not "in Herb's 50's."

So I guess that means there's no real rush to get the segment on the air.


Mommy's alright. Daddy's alright. They just seem a little weird...

Speaking of Fast Money, you can download our Face2Face segments at Apple's (APPL) i-Tunes store now. Though I generally avoid web-surfing the show, if I make an exception it will be to watch last night's segment with Rick Nielsen. For those who didn't grow up watching late-70's/early-80's teen movies, Rick is the lead guitarist and founder of the band Cheap Trick.


Rick Nielsen: Rock legend; Fast Money viewer


Rick wanted to know about Guitar Center (GTRC). I think it's probably a reasonable buy here, as the company consolidates their nation-wide roll-up of the music store business. Good acquisition candidate, plenty of operational opportunities to drive earnings.

But that's just an opinion. It's not advice. The important and deeply weird thing here is that the guy who wrote the soundtrack for my grade school life (that age when you stop listening to anything mom has on and start rocking a little bit) called in on the web-cam to ask me about Guitar Center and reflect on his love of hanging out in music retailers.

It was all I could do not to start breaking into song like Mike Damone in Fast Times at Ridgemont High. As it was, Guy and I spent most of the commercial breaks singing the B-side of Cheap Trick at Budokan to one another.

Which also might explain Becky giving Herb the nod in our Pepsi vs. Coke discussion.


Living in Stereo Trivia...

Todd-O's cat, Phoebe, is named after actress Phoebe Cates, inspired by Ms. Cates' break-out performance as Linda Barrett in Fast Times.
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No positions in stocks mentioned.

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