Round Up: Dave Ramsey on the Facebook IPO

by JT McGee

This space was going to be filled with comments about Facebook. Then I realized that I should seek help from a real finance expert. Who else but Dave Ramsey? Take it away, Dave!

(Click the image to see the video.)

P.S. I actually agree with Dave Ramsey, if only because I don’t buy tech companies, period. I did cringe at “single stock trader,” which drives me up a wall. “Oh – you don’t invest in mutual funds? I guess you’re a day trader, then.”

Good Stuff Around the Net

The blogosphere is full of good stuff this week:

  1. Wealth Informatics shows us how to game Priceline bidding algorithms like a champ! This is pretty cool.
  2. Kevin at InvestItWisely is doing the full time thing. Even though I’m not Canadian, I did find his post on how to register a Canadian corporation pretty interesting. (TIL Quebec = America’s California.) Also, check out his new app “Easy Voice Recorder” for Android devices.
  3. Darwin wants to know how much money would it take for you to renounce your US citizenship.
  4. I said $10 and a case of beer. Kidding. $10 million for me. You?

  5. 101C has some career tips for young folks. My favorite? Don’t hurry. I need to work on that one…
  6. DQYDJ has an article on Wall Street Analysts’ ratings. (Spoiler: analysts are perma-bulls!) Also, he made a kick ass historical S&P500 returns calculator. Bookmark it!
  7. B&E prove their bravery by talking about the pitfalls of chasing high-dividend securities. Dig it – capital appreciation is where the money is!
  8. Funancials wants to know if he should buy a house. Survey says…yes!

Things that drove me nuts this week

  1. My beloved Adams Golf will soon have a new owner. The last of its public earnings reports shows absolutely killer earnings. Sales were up 25% year-over-year, profits were up 32%, and the company had net equity of $8.53 per share. Adidas stole this thing for $10.80 per share, and I’m actually kind of mad about it.
  2. Berkshire Hathaway purchased 10 million GM shares. It’s a relatively small position, so certainly not a Buffett pick (he hates the car industry) but as PK at DQYDJ would say, “Doesn’t Matter; Buffett Involved.” I wish they would have gone for Ford, but glad Buffett’s firm sees the discount at which automakers are currently priced.

{ 7 comments… read them below or add one }

Echo May 17, 2012 at 22:08

Oh, it was Adidas that picked up Adams Golf – nice one! It looks like they’re finally integrating Reebok into their product line this year after acquiring them back in 2005. That’s a slow merger.

Thanks for the mention!


JT McGee May 17, 2012 at 22:29

Yeah Adidas and their deep pockets with TaylorMade. It’ll be interesting see how that fleshes out. Reebok…now there’s a brand I haven’t heard much about in a LOOONG time.


Echo May 17, 2012 at 22:32

Now that they lost the NFL deal, all Reebok has left are MLB shoes and NHL merch (plus CCM hockey equipment). Sports apparel is pretty much a two horse race between Nike and Adidas.


JT McGee May 18, 2012 at 12:01

I’ll admit I don’t keep up with apparel all that much as a consumer and investor. I have at least learned that sponsorships are the name of the game. Adams spent millions on sponsoring key players to just to get them to wear their hats and use their clubs. And those deals are individual…I can’t even imagine the amount of money spent for whole sports leagues.

I will say, though, between Nike and Adidas, I’m solidly in the Adidas camp – and that was true even before the buyout.


PK May 19, 2012 at 10:14

DM;BI usually only applies if you buy *before* Buffett. Or you own the stock, for whatever reason – and you know my circumstances, haha.

Thanks for the include!


101 Centavos May 20, 2012 at 01:18

Hey JT – thanks for the mention. Sorry to hear about your Adams Golf.


JT McGee May 22, 2012 at 15:11

I love buyouts. I just don’t love the pricing. It was a very good play for me, but I’d like more. The company’s worth way more than the price of the deal.


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