From now on short anything trading above two (that's right 2) times net present tangible book value per share. Forget PPI, forget sales and pro forma statements, forget analyst recs, forget the past gibberish that cost you and your fellow human investors $7 trillion in fluffed up equity. Just ask yourself this one simple question: Does this company have a track record of flowing its earnings to the net present tangible book value for all stockholders and will it add 200% to its present net tangible book value during the next 24 months? If the answer is yes to that loaded two part question then buy all means buy it up. But if the answer is no, then by all means short it till it reaches 2x net present tangible. That is what the Saudis are being advised to do, and they are pulling their money out of the US to protect themselves from a trillion dollar lawsuit. Follow the money honey because if honey were money we'd all be a sticky mess. There are only 6 out of 30 stocks on the DOW that trade lower than 2x net present tangible. The best short on the DOW NOW is KO! That's a knockout for Coke!
Penny King Holdings Corporation, a Delaware Investment Holding Company.
