Newton's In Search Of The Perfect Investment. Technology Investor.
8:30 AM Tuesday, April 5, 2005: Totally
brilliant. People are getting older. They are replacing their knees and hips.
It's a boom business. The two biggest makers are on a tear -- Zimmer Holdings
(ZMH) and Stryker Corp (SYK). I buy a little and report my brilliance
in Thursday's column. The next day both companies report they are being investigated
by the Department of Justice on their dealings with surgeons who prescribe knee
and hip-joint implants. The shares tank. I figure they'll bounce a little from
their opening low. I was right. But they're still much below what I paid. Are
they now cockroach stocks? Probably. Will they emerge unscathed from the investigation?
Probably not. Another strike against the stockmarket. Who knew?
news: Moodys upgraded New York City's General Obligation (called
GO) debt to A-1 from A2, citing "strong management that shepherded the
city thru one of its most serious fiscal crises in decades."
Bad news: The European Commission reduced
its 2005 growth forecast for the euro zone on Monday to a miserable 1.6 percent
from 2 percent, the second cut in six months, because of record oil costs and
rising unemployment. Growth for 2005 will be down from 2 percent
last year, the European monetary commissioner, Joaquín Almunia, said
in Brussels, according to the New York Times. The commission also trimmed
its 2006 forecast to 2.1 percent, from 2.2 percent, and said that risks to this
projection are "tilted to the downside." Michael Hume, an economist
at Lehman Brothers in London, said the euro region, the 12 nations using the
currency, is "an albatross around the global economy's neck."
He didn't say why. But ask any European businessman what he thinks of European
regulations and you'll get a quick and heavy earful.
Cardinals won't be staying at Motel 6. The Pope built them a comfortable
$20 million "hotel," with real bathrooms. It wasn't always this comfortable.
In 1271, after the papal throne was vacant for three years, anxious Catholics
locked up the indecisive cardinals in a crumbling building and put them on a
strict diet of bread and water until they made a decision. For an extra dose
of motivation, the roof was removed. After enduring rain and harsh sunshine,
the cardinals finally elected Pope Gregory X.
Verizon -- Part 2. An
email to CEO Ivan Seidenberg produced action. My phone lines got fixed.
I counted eight people involved -- what with phone calls and visits. Amazing
waste of time (mine and theirs). They dispatched two people to my office. But
the problem was at their central office, a mile way -- something they
could have figured out if their operations computers worked. While their executive's
brains are focused on buying valueless assets -- like MCI -- their customers
suffer with 1950s service. Verizon is an amazing mess.
Still digging out of ten feet of paper: The
10 foot pile of paper on my desk is not pleasant. But New York's spring weather
is. Blue skies, warm temperatures. Who wants to focus on K1s, 1099s and the
awful stockmarket? Time for a bicycle ride and some tennis. Maybe some exercise
will get my investment juices flowing.
EVENING CLASSES FOR MEN
HOW TO FILL ICE
Step by step guide with slide presentation
TOILET ROLLS -
DO THEY GROW ON THE HOLDERS?
Round table discussion
LAUNDRY BASKET AND FLOOR
Practicing with hamper (Pictures and graphics)
DISHES & SILVERWARE;
DO THEY LEVITATE / FLY TO KITCHEN SINK OR DISHWASHER BY THEMSELVES?
Debate amongst a panel of experts
LOSS OF VIRILITY
Losing the remote control to your significant other - Help line and support
LEARNING HOW TO
Starting with looking in the right place instead of turning the house upside
down while screaming - Open Forum
EMPTY MILK CARTONS;
DO THEY BELONG IN THE FRIDGE OR THE TRASH?
Group discussion and role-play
BRINGING HER FLOWERS IS NOT HARMFUL TO YOUR HEALTH
REAL MEN ASK FOR
DIRECTIONS WHEN LOST
Real life testimonial from the one man who did
IS IT GENETICALLY
IMPOSSIBLE TO SIT QUIETLY AS SHE PARALLEL PARKS?
LIVING WITH ADULTS;
BASIC DIFFERENCES BETWEEN YOUR MOTHER AND YOUR PARTNER
Online class and role-playing
HOW TO BE THE
IDEAL SHOPPING COMPANION
Relaxation exercises, meditation and breathing techniques
DATES & CALLING WHEN YOU'RE GOING TO BE LATE
Bring your calendar or PDA to class
GETTING OVER IT;
LEARNING HOW TO LIVE WITH BEING WRONG ALL THE TIME
Individual counselors available
This column is about my personal search for the perfect investment. I don't
give investment advice. For that you have to be registered with regulatory authorities,
which I am not. I am a reporter and an investor. I make my daily column -- Monday
through Friday -- freely available for three reasons: Writing is good for sorting
things out in my brain. Second, the column is research for a book I'm writing
called "In Search of the Perfect Investment." Third, I encourage
my readers to send me their ideas, concerns and experiences. That way we can
all learn together. My email address is .
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will help pay Claire's law school tuition. Read more about Google AdSense,
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