Morgan Stanley Slashes Worst-Case Price for Tesla to $10

https://www.bloomberg.com/news/articles/2019-05-21/tesla-bear-case-price-cut-to-10-at-morgan-stanley-on-weak-sales MORGAN STANLEY: lowers its “bear case” on $TSLA to $10. pic.twitter.com/C0Ffug1ATx — Carl Quintanilla (@carlquintanilla) May 21, 2019 Ouch. Certainly seems to have hit the stock price a bit premarket, although I note that they’re maintaining (for now) a baseline price target of $230.   AC

Global Currencies Sinking – Gold to Emerge as Savior

From Birch Gold Group This week, Your News to Know rounds up the latest news involving precious metals and the overall economy. Stories include: Gold will save investors from sinking global currencies, gold is the winner of trade wars, and family stumbles upon $24,000 gold nugget while walking their dog. Gold Will Save Investors From Sinking Global Currencies … Read more

Doug Collins Releases Transcripts of Nine Former DOJ and FBI Officials…

by sundance I hope everyone is ready to do some reading…. Moments ago Judiciary Committee ranking member Doug Collins released the transcriptsof nine key figures from the House investigation into DOJ and FBI political activity. The transcript release includes testimony from: Former FBI Deputy Director Andrew McCabe – pdf Link Here Former U.S. Attorney General Loretta Lynch – pdf Link Here James Comey former chief-of-staff James Rybicki – pdf Link … Read more

Dozens of shoe retailers, including Nike and Adidas, sign letter to Trump urging a halt to tariffs

More than 170 shoe retailers, including Nike and Foot Locker, are asking President Donald Trump not to raise tariffs on footwear. The industry, in a letter sent to the White House on Monday, says: “These tariffs would mean some working American families could pay a nearly 100 percent duty on their shoes.” Trump is considering … Read more

Organized Labor Loses It

via commentarymagazine: This week, the AFL-CIO promoted a video produced by “Means TV,” which bills itself as “the first anti-capitalist worker-owned streaming platform,” featuring a self-described Marxist arguing that the American middle class had developed a false consciousness. “Class is actually determined by a person’s relationship to or ownership of the means of production,” the agitator said. The … Read more

It’s amazing the extent to which Democrats are willing to tear down the system to get at Trump and his associates.

IT’S COME TO THIS: Former associate White House counsel Ian Bassin suggests that people harass a law firm’s clients because a partner at the law firm is zealously protecting client confidentiality. It’s amazing the extent to which Democrats are willing to tear down the system to get at Trump and his associates. Just for fun, … Read more

Loretta Lynch accuses Comey of misrepresenting key Clinton probe conversation. The rats are all turning on their own

Watch the latest video at foxnews.com Former Attorney General Loretta Lynch has flatly accused former FBI Director James Comey of mischaracterizing her statements by repeatedly alleging, under oath, that Lynch privately instructed him to call the Hillary Clinton email probe a “matter” instead of an “investigation.” Lynch, who testified that Comey’s claim left her “quite surprised,” made the dramatic remarks at a joint … Read more

FITTON: HUGE Retweets by President Trump push Judicial Watch finds on Comey, Clinton, and Mueller corruption!

by TFittonJW President Trump retweeted my material on Judicial Watch’s anti-Corruption finds. As usual, leftists went crazy and had to resort to attacking my appearance: Never in American history has there been such a spy effort against a candidate (@RealDonaldTrump) and abuse of power targeting its political opposition. Never before, not Nixon…never before. And Barack … Read more

Is Uber the perfect short?

  by Slothman2   Full disclosure: I own a short position. It makes no difference to me if Uber succeeds or fails, I’m not a stakeholder of the company. I’ve never shorted a stock due to high risks but Uber almost seems too perfect not to do so. Below are my reasons for shorting Uber, … Read more

Fiverr files to go public, reporting revenue of $75.5M and a net loss of $36.1M in 2018

https://techcrunch.com/2019/05/16/fiverr-files-to-go-public/ https://www.sec.gov/Archives/edgar/data/1762301/000104746919003139/a2238508zf-1.htm Other reporting notes: Repeat customers make up 57% of rev in 2018 , up 2% from 2017 2.1M active buyers in 2018 vs 1.9M in 2017; active buyers defined as anyone who makes 1 purchase in 12 months, irrespective of cancellations Take rate, or revenue as a percentage of Gross Merchandise Volume (total … Read more

The danger zones of leveraged loans

via axios: Investing in unbundled risk can be extremely dangerous. Alan Greenspan was never more wrong than when he defended the deregulation of derivatives in 1999: “These new financial instruments are an increasingly important vehicle for unbundling risks. These instruments enhance the ability to differentiate risk and allocate it to those investors most able and willing to take … Read more