I finally figured out how to invest on Wall Street

When Jimmy Dore said "a satellite image from a f*cking shady defense contractor" I knew instantly who he was talking about.
I quickly looked up the NY Times article, and it confirmed my suspicions.
It was Maxar Technologies, and I'm an investor.

Way back in early 2001 the overall consensus in the financial media was telling us that the economy was going to have a "soft landing". I didn't believe it, so I bought bonds. I was right.
In 2002 every investment expert out there said that precious metals were worthless and the dollar would remain strong. I didn't believe them, and I invested accordingly. I was right.
After the Fall of Baghdad in 2003 the triumphant media told us all how this event was about to unlock unlimited amounts of oil onto the global economy. I didn't believe them, and I invested accordingly. I was right.

Then I made a mistake.
I got arrogant. I decided that I was going to teach myself about how the experts invested. What did every source tell me? You should invest based on the fundamentals of the markets/company. It's what any good capitalist would do.
So that's what I did.

While it didn't cost me any money, I mostly missed out on one of the greatest bull markets in history. While morons were making big bucks, I was making pennies.
Which begs the question: who is the actual moron?

Then back in December I posted this:

Yes, indeed. We have satellite photos. We all know that Washington has never, ever used bogus satellite photos to start a war, amirite?
We got those incriminating satellite photos from a Pentagon spy sate...No, wait.
We are looking to start a large scale war against a nuclear power based on photos taken from a private corporation.

The photos, collected by Maxar Technologies and provided to Fox News, show troop buildup and the deployment of ground forces equipment in western Russia and Crimea.

That seems weird. It sort of reminds me how all of the evidence that "Russia hacked the DNC server" came from Crowdstrike, not from the FBI. Crowdstrike also happened to be founded by an expat Russian named Dmitri Alperovitch.
Plus, Crowdstrike was the ONLY company that discovered that the Sony hack was done by North Korea, and another major hack was done by China. Funny how only Crowdstrike was able to discover that all of the major hacks in recent years just happened to be done by the people that our military conveniently wanted to fight.
And what do you know, after discovering exactly what the PTB wanted to hear, Crowdstrike got huge government contracts and went from a money-losing operation to being a billion dollar company.

But I'm getting off track. We're talking about Maxar Technologies.
How are they doing?

Its balance sheet is underwhelming with only $10 million in cash, compared with $13 million in short-term debt. From a growth standpoint, its EBITDA has grown an average of 53.5% per year over the past three years, but fell 27.1% over the past year.
The stock also looks overvalued with a trailing P/E of 42.72 and a forward P/E of 39.84. MAXR has mainly shown bearish momentum since late June.

Wow. Not good. They are hemorrhaging cash. That was from about 5 weeks ago. About 10 days later, just after they started taking those Russia photos, this is the news.

Maxar Technologies (NYSE:MAXR) surges 21% this week

Something tells me that Maxar is about to sign some big Pentagon contracts. Who wants to take that bet?

I asked that question in jest at the time.
But then I started thinking about it. I called up my brother and told him that I was about to make one of the most cynical investments of my life. I hadn't looked at my portfolio since.
Then I saw that Jimmy Dore video.


37% ROI in just 5 months for a company hemorrhaging cash.
F*ck fundamentals! Invest in politics.

15 users have voted.


usefewersyllables's picture

in the stock market is very much like the old black-humor joke: "Give a man a match and he'll be warm for 5 minutes, but pour gasoline on him and set him on fire and he'll be warm for the rest of his life".

Too soon? Possibly. But to my way of thinking, buying into the market these days is like burning money to stay warm.

9 users have voted.

Twice bitten, permanently shy.

finding these kinds of stories. Must have good researchers working with him?

I cant invest anymore. Pulled my IRA money out and it is held in a cash account. I find all forms of investment to be morally reprehensible. I would rather sleep under a bridge, or work til I die than to live comfortably at the expense of someone else living uncomfortably.

12 users have voted.