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Fortunes Wanted


"This is going to be the Sssssummer of Sammy, baby!"


  • When the tape flow is this lackluster it seems that all mental functions follow suit. Slow tape, slow idea flow, slow thumping thoughts. I have been reduced to the humble bullet.

  • Take-Two (TTWO) is getting hit with some of the spatter being shed by Electronic Arts (ERTS) bears. The former is up 3% to ERTS' booming 8% and I still see little particularly exciting news on either, save for rave reviews for Take-Two's XBox version of "Grand Theft Auto: San Andreas". Can a game do big numbers with the console waiting game in full-gear? We shall see.

  • This writers block thing didn't have me too concerned until I saw that it contributed to the fall of a champion fortune cookie writer. It would seem that the search for his replacement continues. "Collins: You will create countless fortunes during your long life".

  • Wal-Mart (WMT) up a blah 1% after announcing a blah "same store sales are on... ahem... Target (TGT)" statement. The Wal-Mart news flow continues to grow more troubling very near the top of the giant's org-chart. I don't think the company is behaving any differently than they ever have; they just have more and better organized enemies now.

  • Todd-O has invited me to stay at his stately Minyanville Mansion ("As seen on MTV Cribs!") while I'm in New York later this week. It's tempting but I'd like to be (sort of) well rested for Squawk Box on Friday morning. Staying in the mansion, with all those "Daisy's" running about... Durst doing karaoke rap with Fitty at all hours of the night.... I'd get more sleep staying with Meehan and Eloise in their Hooverville pad.

  • I like to think that the first draft of Phil Purcell's resignation from Morgan (MWD) letter expressed some of his more "personal" feelings about those personal attacks he suffered. He's tried to take the high-road (at least in the press and for the most part) in the spats that finally got him ousted. I'd be feeling a bit "pent-up", were I in his Cole Hahn's.

  • General Motors (GM) owes Kerkorian a lingering man-hug. Not just for finding (read: ham-fistedly creating) a bottom in the stock but for helping "prod-along" the unions. It was a huge advantage for management to be able to paint themselves as a relatively benign alternative to Mr. K.

  • No, we aren't there yet. And we have miles to go before we sleep.
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No positions in stocks mentioned.

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