Here I Stand

Here I Stand
Showing posts with label CNBC. Show all posts
Showing posts with label CNBC. Show all posts

Friday, May 18, 2012

Facebook IPO

Facebook IPO


So if you pay attention to financial news – or really the news at all – there has been one major theme that has dominated the headlines this last week: the Facebook IPO. The already fabulously wealthy founders of the wildly popular social media site are set to become multi-billionaires. And why shouldn't they? Mark Zuckerberg and crew have quite literally changed the world as we know it. Where Myspace and Friendster came before, Facebook has united what was once a fringe, hipster culture, into not only the mainstream, but into everyday life. I don't know anyone who doesn't check their Facebook page at least a few times a day. Most do it on their phone when they have 30 seconds of downtime. It has millions of users, and is probably the single most visited website on the internet. Think about it. Everyone has their own preference for news sites, movie sites, professional sites, etc. and this divides the audience. Facebook, however, is a global hegemon and not just in the social media field, but in the world.


And as of today, you can own a piece of this hegemon. Facebook is having it's Initial Public Offering (or IPO) as I write this, and you too can capitalize on the all encompassing powerhouse that is the social network. This question is, though, would you want to? There is no question as to the brilliance of Zuckerberg's creation, and getting in on the ground level would have been a life changing experience. But has the media giant run its course? They were asking $38 a share for their IPO, and last I checked, they were selling for right at $41. This is an excellent margin for their first day of trading, and Zuckerberg should rightly be excited about this successful IPO, but honestly, I am not sure where Facebook will go from here.


Facebook is not Apple – who has stunned the world with constant innovation and new invention, shaping society with their ever changing line of products. Their stock price went from somewhere in the $30's to over $300 in just a few years. Facebook, for all the changes that they make to their layout, does not produce... well, anything. Yes, they provide an audience to market to, and have done an excellent job tailoring their ads to what their readers want to see, but have you ever clicked on a link? Sure, I read shares, and go through articles, and get really involved in my social networking from time to time, but I don't think I have ever bought something because I saw an ad on Facebook. Company's are starting to realize this. Earlier this week GM pulled all of its ads, saying that it just wasn't seeing results. I see facebook as being an excellent tool for niche brands and specific products – using their trageting dynamic to tailor the market that sees their ads to exactly the people they want to sell to, but national brands and general products? Not so much. Everyone knows about the Chevy Cruze... and sure, maybe someone who has pictures of trees and birds on their page would like to hear about the eco properties that the car offers, but they might not base a $30,000 decision on an ad in a margin.


Do Zuckerberg and the team at facebook have the knowledge and skill to change this? To morph into a marketing scheme with Pintrest level devotion to products? Yes, they certainly do! Will they do it? I don't know. I anticipate Facebook having an excellent IPO, maybe topping out as high as $45, but hitting a plateau almost immediately afterward. There will be a lucky few – typically the high end mutual funds and market managers who are invited to such high profile bids – who will make a killing off of Facebook, and with a shift in their innovation (not, by any means, a given) I could see it being a decent long term investment (5-10 years) and probably beating inflation in terms of appreciation, but if you can't buy it now, I wouldn't buy it next week. It's not going anywhere for a while, and there are better opportunities out there.

Friday, April 27, 2012

Fashionable Concealed Carry

Read this article on CNBC of all places. Fashionable concealed carry attire has been a long time coming, and I am glad to see it getting a bit of design attention. Woolrich is not exactly Armani, but for the moment, it will do. I am not altogether in agreement with the tone of the article, making it seem as if gun owners, and those with a Concealed Carry Permit (myself included) are on the fringe of society, or are the exception to the rule. This strikes me as typical New York Times reporting (where the article originally appeared) and from an area where being an armed or self-sufficient citizen often means enduring the disdain of polite society. Here in California, where Orange County has declared that I do not have a "Pressing Need" to carry a concealed pistol, despite being a Cali DOJ certified instructor (This state has a long and storied history of preventing its citizens from defending themselves, and I have a CCW from my home state of Florida) I have a tactical folding knife and a defensive flashlight as part of my EDC (Everyday Carry) and I find myself the go-to guy when a line needs to be cut or something needs to be illuminated. I carry this even in a tailored suit (give three-piece a chance!) in whatever polite company I find myself. I dream of the day when I can get a Brooks Brothers suit with a side vent for my FNP .40 or an Armani jacket cut wide across the back for a shoulder holster. Such illustrious publications as GQ and Esquire have made it well known their sartorial disdain of those of us who carry a weapon for a living, and I find this not only sad, but offensive to the very concept I spent my life defending: The Constitution of the United States. All I can say is that when the wolf attacks, he will find that not all among the flock are sheep. Are you?

The most frustrating comment of all though, appears to be the very last. The gun owner, who works in a gun store, declares that you should dress around your gun, not to fashion. I find this idea absurd.You ought to be able to do both. Neither side in this argument seems to be able to find a middle ground - and for the "everyday man" who wears work pants and a vest around town, you're not fooling anyone. You're carrying, and anyone who matters knows it. Whats worse, is that you look like a tool, and you orient your entire life around that .45 on your hip. I look good when I carry (when I find myself in a state that allows me to) and there is more than one way to print a gun. You can do it in your style, and demeanor - which does not always deter criminals, just everyone else in your life.

Original Link: http://www.cnbc.com/id/47158181/

New Fashion Wrinkle: Stylishly Hiding the Gun

By: Matt Richtel

Woolrich, a 182-year-old clothing company, describes its new chino pants as an elegant and sturdy fashion statement, with a clean profile and fabric that provides comfort and flexibility.
And they are great for hiding a handgun.

The company has added a second pocket behind the traditional front pocket for a weapon. Or, for those who prefer to pack their gun in a holster, it can be tucked inside the stretchable waistband. The back pockets are also designed to help hide accessories, like a knife and a flashlight.

The chinos, which cost $65, are not for commandos, but rather, the company says, for the fashion-aware gun owner. And Woolrich has competition. Several clothing companies are following suit, building businesses around the sharp rise in people with permits to carry concealed weapons.

Their ranks swelled to around seven million last year from five million in 2008, partly because of changes to state laws on concealed handguns.

Shawn Thompson, 35, who works at an auto dealership in eastern Kentucky, bought two shirts last month from the Woolrich Elite Concealed Carry line. Both, he wrote on his blog, are a step up from more rugged gear.

“Most of the clothes I used in the past to hide my sidearm looked pretty sloppy and had my girlfriend complaining about my looks,” he wrote, adding in an interview, “I’m not James Bond or nothing, but these look pretty nice.”

The shirt has a barely discernible side slit with Velcro through which, he said, he can yank his Colt 1911 from his waistband holster. Depending on circumstances and mood, he might also carry a folding knife and, at night, a flashlight in a pair of Woolrich chinos his girlfriend bought for him.

Carriers of concealed guns say the new options are a departure from the law enforcement and military look, known as “tactical,” long favored by gun owners.

The latest styles, by contrast, are called “concealed carry” or “covert fashion.”

“What we’ve tried to do is create a collection of garments that allows the end user to have stylish lifestyle apparel but have features in the garment that enable them to carry a weapon and draw the weapon quickly,” said David Hagler, a vice president at 5.11 Tactical, who was lured from Nike to work at 5.11, one of the biggest makers of clothing for soldiers and police officers.

The company’s growing concealed-carry line includes a lightweight water-resistant vest coming this fall — the sort of vest that is standard and trendy at any mainstream outdoor shop but has strategic pockets for guns. It also includes a stealth compartment in front so the wearer can appear to be warming his hands while actually gripping a pistol in a waistband holster.

Other companies are rushing to meet the demand for concealed-carry clothing. Under Armour, best known for its sports and action gear, will be adding a jacket and a plaid shirt with Velcro pockets for easy gun access.

Kevin Eskridge, senior director for outdoor product and design at the company, said the company had seen demand double in the last year for such clothing from traditional outdoor and sporting goods stores, like Dick’s Sporting Goods [DKS 50.65 0.57 (+1.14%) ] and Cabela’s. [CAB 38.69 -2.11 (-5.17%) ]

Mr. Eskridge said the Under Armour [UA 97.59 0.93 (+0.96%) ] apparel was catching on because of fashion but also because of its features, including moisture-wicking fabric.

“Others are making shirts with gun access but using regular cotton,” he said. With his company’s fabrics, “there’s no stink factor,” he said. And if gun owners do not use fabrics that wick away moisture, “You’ll literally rust out,” he added.

Gun experts suggest that there are many reasons for the growth in the number of people with concealed-carry permits. They say it is partly due to a changing political and economic climate — gun owners are professing to want a feeling of control — and state laws certainly have made a difference.
After a campaign by gun rights advocates, 37 states now have “shall issue” statutes that require them to provide concealed-carry permits if an applicant meets legal requirements, like not being a felon. (A handful of other states allow the concealed carrying of handguns without a permit). By contrast, in 1984 only 8 states had such statutes, and 15 did not allow handgun carrying at all, said John Lott, a researcher of gun culture who has held teaching or research posts at a number of universities, including the University of Chicago.
Only one state, Illinois, now forbids handgun carrying in any form, but the legislature is considering a change.
A majority of states have long allowed the open carrying of handguns, said Mr. Lott, who also provided the data on gun permits. But the reality, said Mr. Lott and other gun experts, is that people do not want to show others that they are carrying a weapon or invite sharp questioning from the police.
The clothing lines address a perceived need in the concealed-carry subculture. Gun owners say they want to practice “maximum uncertainty,” meaning that if a gun is sufficiently concealed, a potential criminal will be unsure whether to attack. Gun experts say the research is inconclusive about whether such tactics reduce crime. Regardless, the clothing makers are jumping on the line of thinking.
“When someone walks down the street in a button-down and khakis, the bad guy gets a glimmer of fear, wondering: are they packing or not?” said Allen Forkner, a spokesman for Woolrich, which started its concealed-carry line in 2010 with three shirts.
The company has since added new patterns for shirts, pants and the Elite Discreet Carry Twill jacket, in dark shale gray and dark wheat tan. In addition to its gun-friendly pockets, the jacket has a channel cut through the back that the company says can be used to store plastic handcuffs.
Not everyone who carries a concealed gun is a fan of the new fashion. Howard Walter, 61, a salesman at Wade’s Eastside Guns in Bellevue, Wash., said he preferred to carry his Colt — and a couple of knives and two extra magazines — in a durable pair of work pants.
“They don’t shout ‘gun,’ they shout ‘average guy in the street,’ ” said Mr. Walter, who years ago worked in sales at Nordstrom. But really, he said, the most important thing in picking clothing is to choose something that works for the weapon. “They should dress for the gun,” he said he advised his customers. “Not for the fashion.”

Wednesday, February 8, 2012

Can boredom make you successful?

Yesterday I read This Charles Scott Article from CNBC. The synopsis of it states that while boredom is an incredibly annoying feeling on a daily basis, it can, in fact be very useful. Our society is used to instant gratification, instant access to information, and immediate responses. I myself am guilty of using my cell phone to check emails, facebook, stock reports, and yes, even twitter, when I have down time - anything to fill the few minutes here and there of empty space.

Scott's article, however, derides this common activity as more counter productive than anything else. Being bored lets your mind wander. It lets it work. It helps you be creative, innovative. You think about things that you normally wouldn't have. You go off on tangents, you daydream, you have ideas. All of this in today's society is becoming more and more what would set someone apart. These days a bachelor's degree is what a High School diploma was a generation ago. You can't go anywhere without one. It is expected, and to do anything more worthwhile, a graduate degree is almost required. Creativity and innovation may not get you in the door, but it will get you noticed, and get you advanced.

I am on an incredibly busy schedule - I go from work, to graduate school, to the gym, and then to sleep, only to start it all over again. My weekends are usually tied up in events, or I am drilling with the California National Guard. Almost every hour is taken up by obligations to either others, or myself. I would enjoy a little boredom from time to time, and considering the creative nature of both my job, and my educational pursuits, it seems like I might need it.

What I am trying out is nothing new, or revolutionary, as many people try to be productive on their daily commutes, but what I am attempting is to simply be bored. I have turned off my car radio. The hum of the engine, and the feel of the road is all that distracts me during the 2+ hours I spend driving on days that I have class. I am not claiming any dramatic breakthroughs, and it is a far cry from studying or working while on a train or a bus, but it can be quite calming. I get lost in my thoughts. I consider what I am doing that day, and why. My mind wanders. I come up with new ways to do things, and new concepts. This is only my second day of driving with no distractions, but it has already pushed me to write this blog, and given me ideas for several others - not to mention the half finished, viscereal concepts and ideas that are still floating around up there waiting to be fleshed out.

Go out there and make yourself bored. Meditate. Go for a walk. Stare out the window. Enjoy it. Revel in it. You might be surprised just how productive you can be when you do absolutely nothing.