Today was a Haze Grey day, but at least I wasn't underway. I sold my shares in BJ wholesale, and used the profit to buy into Loop.net. I heard of the latter from Motley Fools Hidden Gems. I did a little research and confirmed that the business was indeed earning 35% year over year, and it's Enterprise value was 65% of its market cap. To me it means they have alot of loose cash. I hope my calculations are correct, it will be another golden egg in my portfolio. I only have two thus far, not counting Funds. PaXaR, and CTRiP, both of these came from Motley Fool. I remember when denmer told me about the News letter. I was at first a little cautious, all the smiley faces and frowny faces made me think it was day trader while I'm more in valuation. I was as pleased as punch to find Hidden Gems. Their philosophy echoed my own, and better yet they were better at the game than my Newb ass. Over the years I've learned alot from them. The pearl is cash is king, it is better to bet on a company that has a little money socked away. Cash gives the company some lee way if the solid waste product should meet the circular oscillator.
I dumped BJ, because of the highlights on the fool site. Basically the company was saying, don't look at these other warehouse stores. They may seem like major competition, because their wholesaler like us, but the real compitition is the supermarket chain. I never saw a text book strawman until this weekend. So after their CEO finished with his smoke and mirrors the CFO tried to wow the audience with 15% growth. I figured it was time to get off this band wagon before the wheel fell off and my share value went from 175 in the green back to 50 red.
As for work I walked into the office while they were in discussion as to when the 1st class reslults were going to be out. They people participating in the conversation were counting those up for first class. it was then I walked in, in fact was right about when HVD was mentioned. I, playing the deaf guy, I twisted what was being said to hent that HVD made 1st. In reponse the new chief turn around to give me his best, what are you nuts, look. The new BMC has only been on board less than a month and already knows HVD is a clusterfuck waiting to happen. HVD is good peeps but I have to admit he's a rock. Just today he had to walked through a tag out, a 2nd class standing by to be a 1st and he didn't know how tag out a system. When he makes 1st he'll probably be at sea as an LPO. people have lost paygrade for fucking up tag outs. Of course it doesn't help that the only ship he has been on was a carrier. there is a lot of people to pick up the slack, if peole deem you as stupid there are plenty of places they can put you to keep you out of trouble. Of course they may be saving their asses, or may even think they are helping out the poor guy but it doesn't matter because in the end the dudes getting screwed. I have been there, I really didn't get to experience the full extent of being a boatswains mate until the princeton. sure, on all three prior ships I was on the maintenance team, though I think I was doing tag outs only on the Simon Lake. HVD just come off slow and has only been on one ship, and that was big enough to hide him just enough to keep him from learning valuable lessons in tagging out, driving boats, foc's'l operations, or fueling at sea. All these operations are dangerous and each of these evolution are made that much more dangerous because nobody trusted the supposed subject matter expert while said subject matter expert was younger.