The Unsinkable brian cork™

Brian Patrick Cork is living the Authentic Life

shorting Facebook, part II

May18

I’m sure I have another post on this Blog called something like, “shorting Facebook, blah, blah, blah…”. you go look for it, I’m feeling quite self-involved, today.

background for warm-up:

short sellers bet against shares by borrowing the security, then selling it. if the stock drops, they buy it back at the lower price, return it to the lender and pocket the difference as profit.

let’s be very clear… the primary reason the typical retail investor (you) can’t short Facebook (FB) TODAY
is because “shorts” looking to bet against Facebook early face an uphill battle. honest traders will admit the stock will be hard to borrow, at least for a few days – and, only the best-sourced hedge fund managers will able to find lenders.

a buddy of mine that is a prime broker at one of the top underwriters of the IPO said the firm would not be lending shares, at least until the initial settlement in the first three business days of trading. this is a form of “managed” risk.

seriously.

…and, it’s legal.

seriously.

“I don’t know how many shares will be available for shorting,” said the broker, who requested anonymity (hell yeeeeah). “We would only provide them once the deal has stabilized.”

voila!

peace be to my Brothers and Sisters.

brian patrick cork

why other people should buy Facebook

February6

I’m no fan of Google, most of the time.

but, I know they’ll get better, some how.

perhaps I’ll take that position because I’m an optimist, albeit a Prudent one, mind you. and, a gentleman.

as a contrarian though I can see alternative ways to help Facebook do good, despite their intentions. just read further. do it!

to be fair, John Haydon evidently thinks quite highly of certain tools found on Facebook, if you’re using it as a business page, some how. we’ll follow Mr. Haydon awhile, and sort him out.

however,  that said, I’m steadfast against Facebook. ironically, Google’s Chrome (that’s a browser) has a tool that helps you track how much time you waste on Facebook. I love that. none of my people (in my companies) care about Facebook, and a lot of people hire us to help them make even better decisions. there’s symmetry of purpose, in that.

but, I don’t like it that two of the goodly men I coach in business are in the midst of divorces and Facebook was arguably the ignition-point for each. one fellow rediscovered his ex-college sweetheart, and the other’s wife found a new man on a Triathlon Facebook page for her club. is that tit-for-tat?

just in case you go rooting around on the internet, (Yahoo is still often better than Google, but Bing is kind of awesome) you’ll note that I have a Facebook page. but, just so we are clear, my staff set it up and then we decided to never accept friends on it. I’m a rather unusually disciplined person, but Joanne simply asked that we not allow for any temptations. that’s good enough for me. but, it’s also the tip-of-the-iceburg for a lot of other people.

in any event, one of my brokers (yes, I use them) called today laughing about Facebook. he’ll certainly be able to get shares for us but won’t be recommending them to his people.

“they are for them other folks that are needed to for cannon fodder”, says he.

so… If Facebook says its worth $100 Billion dollars that means it will have to have sales of 27 x sales (currently $1B) and 100 x earnings. for perspective you need to know that Apple is currently at 3.3 x sales and 10 x earnings, and they actually do some good in the world. and, shares in the company will likely help families put kids through college (indeed, they’re helping me put other people’s kids through college) also… I’m willing to bet, and I am as a loyal shareholder and consumer, in fact doing just that, people will want and own iPhones than waste time on Facebook.

so… let other people buy Facebook. the same type that buy into Facebook, I’ll wager. I’ll short you later and put more kids through college.

peace be to my Brothers and Sisters.

brian patrick cork

the Law says eat Apples and spit out Androids

December21

the U.S. International Trade Commission (“ITC”), a federal agency, just so we are clear, said Monday they are siding with Apple against HTC and will impose a ban that will enforce an import ban on HTC Corp. (“HTC”) phones that infringe on a patent belonging to the iPhone maker. In other words, Apple’s iPhone does not violate (as HTC and their partner Google and likely prayed) four patents owned by HTC. this is a significant blow to HTC, and probably Google.

so… perhaps the headline should read, instead, “Apple Wins Partial Victory on Patent Claim Over Android Features”.

the ITC said in a final ruling that HTC may import some refurbished phones to offer customers as replacements under warranties and insurance plans. HTC, which is based in Taiwan, is a major maker of phones that use Google Inc.’s Android operating software.

the ban takes effect April 19, 2012 so that wireless carriers will have time to adjust their plans. but, it also means customers have an open-door to bail on HTC devices, and that has grim ramifications for Google, that is again caught in the midst of “evil” /1. this involves a set of important features commonly found in smartphones that are obviously protected by an Apple patent, a decision that could force changes in the way Google’s Android phones function.

Apple spokeswoman Kristen Huguet reiterated an earlier statement, saying competitors (i.e. GOOGLE and HTC) should, “create their own technology”. I’ll add, not steal it from Apple.

NOTE: the ITC ruling can be appealed. But it is one of the most significant so far in a growing array of closely watched patent battles being waged around the globe by nearly all of the major players in the mobile industry. in fact, the case is part of a broader dispute involving Apple, HTC and many other phone makers. in federal courts and before the ITC, companies have been accusing one another of stealing ideas for popular phone features. while the courts can award damages, the commission has the broader and debilitating power to block imports of products and parts made with contested technology.

in fairness to how people might organize their own thinking around stock acquisition, or not, the ruling was only a partial victory for Apple because the commission did overrule an earlier decision in Apple’s favor in the case, involving a patent related to how software is organized internally on mobile devices. in simpler terms, it would have been harder for the defendant, again HTC, one of the world’s largest makers of smartphones that run the Android system, to adapt its devices to avoid infringing that patent. that’s what legal experts say, in any event.

but, this is clearly decisive for Apple; potentially deadly for HTC (whom by the way blew it in negotiations with Apple when they had an opportunity to be part of the build process for the iPhone); and certainly problematic for Google whose advocates have had to constantly twist numbers to make it appear that it can compete with the iPhone in terms of  the masses Android “can have”, and opposed to the iPhone “must have”.

people of discerning taste can eat Apples with better results. and, obviously Androids can’t.

peace be to my Brothers and Sisters.

brian patrick cork

1/ Google was supposedly founded under a mandate of “do no evil”. but, that hasn’t worked-out very well, for anyone associated with them.

you have to understand evil to appreciate goodness

December18

you can also listen to me narrate this post, here: you have to understand evil to appreciate goodness by brian patrick cork.

when I was much younger (which is all the more relevant now that I’m near one hundred years of age), my Nana (Mom’s Grand Mother) said, “where there is greatest good is where you will find evil’s best opportunity”. of course, she said it with a very raspy Italian accent, but I clearly understood.

mind you, Nana ran boot-leg gin out of her bathroom during the depression in Old Sacramento. but, she also taught my Mom how to high-dive, think independently, and to love “fiercely”.

I think she meant that you have to understand evil to appreciate goodness.

I am not hypocrite, just like I can’t claim to be an evangelical Christian. but, I talk about subjects and discuss topics realized in the Bible because the book is so relevant with it’s perspective and point-of-ageless example.

in any event, dedicated readers of this blog and long-time stalwarts of mine understand that I don’t know for certain that Christ rose from the dead to make his point and save us all. but, I do look around myself daily with confidence there is a higher power that influences and compels my actions around doing good things. so, I’m hip with God. I’ve always been quite matter-of-fact about that. its seems obvious to me God is our ultimate cause-and-effect. I’ve never seen any point in debating against it. call that instinct, but I know it’s conviction.

so…

Satan might be a frame-of-mind. but, that perspective is what offers the greatest hope that good can prevail. maybe that propels our actions. were there no comparison, we would have no baring-point to align those actions. the fear of death and fading to black nothingness awakened God in our hearts. and for God to hold us accountable there must needs be something to lose. that makes Satan darkness, and God light.

if only life were always that simple. then again, perhaps it is. ironically, death is the proving ground, eh.

so… I’m typically focused on doing good work. most of the time it’s easier than the alternative, anyway. especially if you surround yourself with people that generally feel the same way and conduct themselves accordingly. I still get offended and surprised when people are bad or do things that seem out-of-sync with my sense of fairness or fair-play (that occurred just late last week with a guy in my business life named Marcus, for example). but, that’s the best potential to stay on-point, right?

I ask God every day to keep introducing me to good and better men. when bad things happen I keep learning and refining my own sense of virtu, by comparison.

peace be to my Brothers and Sisters.

brian patrick cork

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What’s All This About?

"What am I looking at?", you might wonder.

Lots of stuff.

Meanwhile, here, I discuss events, people and things in our world - and, my (hardly simplistic, albeit inarticulate) views around them.

You'll also learn things about, well, things, like people you need to know about, and information about companies you can't find anywhere else.

So, while I harangue the public in my not so gentle way, you will discover that I am fascinated by all things arcane, curious about those whom appear religious, love music, dabble in politics, loathe the media, value education, still think I am an athlete, and might offer a recipe.

All the while, striving mightily, and daily, to remain a prudent and optimistic gentleman - and, authentic.

brian cork by John Campbell





photos by John Campbell

 

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