CEO, Parisian Family Office. Began Wall Street in '82. Founded investment firm, Native American Advisors, '95. White Earth Chippewa. Raised on reservations. Conservative. NYSE/FINRA arbitrator. Drexel Burnham alum. Pureblood, clot-shot free. In a world elevated on a tech-driven dopamine binge, he trades from GHOST RANCH on the Yellowstone River in MT, TN farm, PAMELOT or CASA TULE', the family winter camp in Los Cabos, Mexico. Always been, will always be, an optimist.

Wednesday, January 06, 2010

Beazer Homes

These clowns are in a tough industry. And yes, they made great money on the way up.

On the way down, the rosy forecast they came with yesterday made me want to vomit.

The rosy forecast of issuing another 18,000,000 shares and diluting existing owners of the company by 45% was another travesty of epic Wall Street greed.

Ever have your real estate diluted by 4? Or 5%? or 25? I didn't think so.

Only in America's financial markets can these scum get away with such dilutive actions and remain in the board room. Throwing back martini's with their investment bankers and elated with their "capital raise".

Will it ever end?

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