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BUTCHERS,MURDERERS,INHUMANE…NO OTHER WORDS TO DESCRIBE!

Iraqi war

BUTCHERS,MURDERERS,INHUMANE…NO OTHER WORDS TO DESCRIBE!

SOURCE: http://www.dailymail.co.uk/news/article-2736764/Marched-deaths-Sickening-ISIS-slaughter-continues-250-soldiers-captured-Syrian-airbase-stripped-led-desert-mass-execution.html


I’M NEXT BUT DOUBT I CAN OUTDO THIS ONE- ICE BUCKET CHALLENGE

trump-icebucket

I’M NEXT BUT DOUBT I CAN OUTDO THIS ONE- ICE BUCKET CHALLENGE

SOURCE: https://www.youtube.com/watch?v=fxDAyUiXphg&feature=youtu.be


Private Equity

snapchat

Private Equity

GK 8/27/14

 

Private Equity

TRANSCRIPT:

 

GARY: You see, there is no bubble. That’s what they tell us. Just because Snapchat now has a $10 billion market cap with virtually no revenues, there is no bubble.  Everything is fine, market is fine, valuations are great, everything is all well and good. Snapchat is now valued at $10 billion dollars in the latest round of funding. Just so you know this is  private equity, not a public company.  So let’s say someone gives them a billion dollars for 10%, well that values it at $10 billion. Snapchat has no revenues, but they are hoping to get advertising from it. Just so you know, they started out as this company where you take a picture and I guess like in Mission Impossible, it goes poof quickly. If you take one of those stupid pictures and you don’t want it on the web. You know what I am talking about, I don’t want to get into it. They vanish within seconds. But, now they are expected to get advertising and other things like being able send money to somebody else because you can’t do that with anything else.

Anyway, just so you know, we are seeing this in a lot of private equity now. So, we are just putting it in the file manager and we will see how it plays out. Just another example. That said, when Youtube was bought out at a very high valuation, I kind of sort of made fun of it and Youtube has been a cash cow. They have been doing marvelously.  So you never know who is going to make it big. I just find it interesting that this company that really has no sales but does have a lot of people. Let’s see, I know I read it somewhere that 700 million snaps are sent a day. Really? 700 million photos are sent a day. 700 milion? How many people are in the U.S.? 300 million. But, I guess this is worldwide. They have no revenues. So, the good news is that if they can monetize 700 million snaps. I gather they are going to be able to somehow. We will see. Again, just making my point. $10 billion dollar market cap.


ISRAEL’S IRON DOME TAKES OUT 15 ROCKETS AT THE SAME TIME!

15-rockets

ISRAEL’S IRON DOME TAKES OUT 15 ROCKETS AT THE SAME TIME!

SOURCE: http://weaselzippers.us/197824-amazing-video-israels-iron-dome-shoots-down-15-hamas-rockets-at-the-same-time/


GARY ON A BUNCH OF NO SALES BIOTECH IPOs!

biotech

GARY ON A BUNCH OF NO SALES BIOTECH IPOs!

8/26/2014

TRANSCRIPT

GARY: “I am bringing this up again for the umpteenth time…just in case some of you did not hear it before. THERE HAVE BEEN A BUNCH OF IPOs that have come out recently with no sales. Yes…no sales. They are mostly in the BIOTECH area. Very simply, we have seen this before. Whenever a group gets hot, the wonderful human beings at the investment banking firms will bring public anything that breathes…regardless of fundamentals. They did it in 99 with the .com and it seems they are going at it again. ZSPH,KITE,AGTC,RARE,KPTI are recent examples. There are many more. Just these 5 recent IPOs, added up together have NO SALES. I repeat…NO SALES. Yet…the market cap of these 5 names are $5 billion.

The main point is simple. Our studies of bear markets show that if…and we use the word “if” these days as we are never going to see a bear market again…but if a bear market ever occurs again, these stocks will drop markedly, some as much as 90-100%. Again, how do we know? Studies. Bear markets drop the curtains. Bear markets expose. Bear markets take the ridiculously valued to where they should be. When I started in this business, I was in penny stocks. The company I was at brought companies public at 5 cents/share with market caps of $3-5 million. Those companies had sales. In other words, the investment banks are just packaging crap better.

We are still in a bullish market. This means some of these names can continue higher. Some can go ridiculously higher.  ICPT went from $70-$500 in days because of a successful trial. ZSPH just came public at $18…opened at $30 and is currently over $40. NO SALES. RARE was a $21 deal which immediately went to $69 before backing off. NO SALES.

We believe in the BIOTECH industry. We are all for it. Fabulous discoveries will come from some of the companies Some of these discoveries may cure the worst of diseases. We are not mentioning all this because of that. We are mentioning this as a word to the wise. We do not believe companies with no sales should necessarily be put into the public domain. There is too much risk. Yes, the prospectus of these companies outline these risks but in a hot market, risk goes out the window. It is when the market is no longer hot that one should be worried. Right now, there really is not much to worry about. But the curtains will eventually come down. Just don’t be the last one in.” YOU HAVE BEEN WARNED!


“Tax-Loving Obama Supporter Warren Buffet Financing Burger King’s Move To Canada To Avoid U.S. Taxes”

warren-buffet

“Tax-Loving Obama Supporter Warren Buffet Financing Burger King’s Move To Canada To Avoid U.S. Taxes”

SOURCE: http://www.cnbc.com/id/101946713


Radio

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Radio

Investors Edge – 08/28/2014 Hour 1

Investors Edge – Hour 1 Listen to todays show by clicking here.

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Radio

Investors Edge – 08/27/2014 Hour 1

Investors Edge – Hour 1 Listen to todays show by clicking here.

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Radio

Investors Edge – 08/26/2014 Hour 1

Investors Edge – Hour 1 Listen to todays show by clicking here.

Television

Newsletter

Gary Kaltbaum owns Kaltbaum Capital Management, LLC (“KCM”), an investment adviser registered with the U.S. Securities and Exchange Commission. The opinions expressed herein are those of Mr. Kaltbaum and may not reflect those of KCM. The information offered in this publication is general information that does not take into account the individual circumstances, financial situation or individual needs of an investor. The information herein has been obtained from sources believed to be reliable, but we cannot assure its accuracy or completeness. Neither the information nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. Any reference to past performance is not to be implied or construed as a guarantee of future results.

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