The global market is falling all over the place. Today the market stumbles to some of the worse numbers we have seen in years, do not sell, buy.
Today I purchased more shares of IBM. It's hitting a low of $145 a share and that's a bargain in my books. IBM has been as high as $200 last year but hasn't been able to give those great numbers that investors like. However, it's IBM. Solid, with dividends to keep you in beer and dinner money.
Are there other bargains out there? I'm still looking for bargains and this might be the market to look in. When others are fearful, be greedy. Warren Buffett motto rings true. Don't sell your stock out of fear, hold on and if you have any spare cash buy up something that you know has value.
When I moved to LA I carried a trunk full of books, they were my treasure. I have been purchasing books by the boxes since early 1960's when it wasn't cool. My small bedroom had books everywhere. Reading was and is my passion.
When I moved to Los Angeles I worked for very little money but got a second job to buy as many books as I could afford. Spent hours in my single room apartment reading business management books, Psychology, science, history and tackled books on electronics, chemistry, health and the latest fiction novels.
When I retired my dream was build a library that could house the thousands of books and magazines I had collected over the 50 plus years. While some people love showing off their treasure such as a new car, their homes, gold, how much money they have in the bank, I brag about my library I built to house my books. My personal library houses over five thousand books from mystical studies to Books for Dummies selection. I have over 400 comic books and 400 volumes of Playboy magazines.
My drawers are filled with my research notes, drawings, ideas on everything and my journals. I have robotic kits a Robosapien (walks and talking robot) and telescope to observe the skies at night. This is my hidden treasure.
In my library I've written two books: Spiritual Dancer and Notes from a Whimsical Observer (my lyrical humorous poetry). Currently I'm working on my new book a detective/horror story which I hope to have completed by next year.
Remember when several analysts where writing that Facebook (FB) was doomed? I purchased the stock anyway. My conclusion was that any organization that had a billion followers could somehow figure out a way to make money.
Facebook revenue soared 38% and saw revenues over $4 billion in the last quarters. Users increased 17% to surpassing 1.4 billion and 938 million users per month. Yesterday the Facebook stock was down 2%.
Facebook might still pass $100 a share this year.
Sometimes I spend several hours, days taking out my pencils and drawing. Sitting in a public park in Los Angeles near the library I would draw everything I put my eyes on. Most of drawings, I never complete or even want to show. This is one of Dalai Lama.
In my library I have several practice pads filled with characters ranging from my comic books to my girlie magazines. There is no pattern or approach I take my pencils, outline the subject, and try to stay motivated about what I'm drawing.
How should you draw? Like Da Vinci, keep as many notebooks as possible and keep your hands moving. I have taken a few drawing classes over the years in subject matters that interest me like drawing flowers, plants and a graphic class with a concentration on developing cartoon panels. Each class I learned about shading, how to use light to create a three dimensional illusion and much more.
This person was in a script writing class. I was drawing pretty quickly so that he wouldn't notice I was staring at him. I created a few drawings of him before setting the color tone here. I wanted to bring his face out of the background and make my drawing appear effortlessly. It's a style I have worked on over the years and continue to perfect it.
I like pencils because they are easy for me to use. Everything begins with a light drawing and then I can either ink it or use color pencils. I also have experimented with crayons and pastels. Water pencils give me an effect of water color but without the mess.
I have framed and place many finished artwork on my walls. It's a proud moment when someone enters the library I can tell them that all the artwork on this wall is mine.
Under Armour (UA) is up over 6% today reaching a high of $95.97 as of this writing. Could Under Armour reach a $100 this year. Under Armour for the last few years has seen rocket growth. I watched my own stocks gain 36% since September 2014. Since then I've seen UA product everywhere. They are attracting the younger generation of athletics such as NBA's Steph Curry and Pro-Golfer Jordan Spieth which both athletics had extremely successful years. The goal is to reach the younger consumers as well.
UA beats the earnings by pulling $.07 instead of the predicted $.05 and earning $783.6 million in revenue up 28.5% over last year. However, net income fell by 17% to $14.8 million largely due to 31% increase in brand spending.
Under Armour poses a direct competition for Nike. Its brand is everyone. It is what people are wearing in my gym more than another brand I've seen so what UA is doing is working. This stock could reach $100 this year.
Facebook (FB) is down today 1.61% to $95.43. I purchased FB as IPO and kept most of shares even through the bad times. I have a return 143%. Facebook continues to face challenges of bringing home the revenue. Even though FB dominates the mobile market with its flagship app Instagram, they calculate that 20% mobile users time is spent using FB application. When I got my new Smartphone and I could snap photos and load them directly to my FB page wow I was excited. FB challenge is holding on to their younger consumers.
FB is not focusing on current business but looking for the future. Buying new technology and looking at making money. With a billion plus users FB is the one to beat. Even though there is no FB in China and countries like Japan and Russia attempt to limit it use FB still experiencing healthy returns.
First quarter FB generated $3.5 billion in revenue up 35%. Mobile ads were $2.2 billion with an increase of price per advertisement 285%. FB stock has grown in equity since last year 30%. Could Facebook see $100? Profit earnings are coming out this month, if FB has another great quarter, well it could happen.