Fun With Funko

Late last year when the market imploded Funko slid hard. They went from an all time high of $31.12 a share down to $11.22 a share. Over the past couple months they started to recover again with the broader stock market, and have touched $25. When the market was up big on the narrative that […]

The Cloud

A couple weeks ago Google acquired data analytics company Looker for $2.6 billion. Google acquired YouTube back in 2006 for $1.65 billion. Core internet services seem bargain bin relative to the valuations of anything with a bit of cloud pixie dust poured upon it. Salesforce paid about 40x projected forward revenues when they acquired Tableau […]

Taking a Bath

I sold off about half my CVS stake early this morning after seeing their Aetna merger might get reversed by Judge Leon. US District Richard Leon — who warned lawyers at a little-noticed hearing last week that they may want to cancel their summer vacation plans — looks like he is setting the stage to […]

Financial Securities Melt Down, Bitcoin Melts Up

Once again the stock market was down bigly on the ongoing trade war headlines. One of the few asset classes that has not crapped the bed recently is cryptocurrencies, which have rallied hard over the past couple weeks. Are cryptocurrency investors betting on financial conditions getting so bad the Fed has to cut rates? Why […]