Here I Stand

Here I Stand

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, May 11, 2012

Changes

There is a lot going on for me these days, with exams, drill, work and summer opportunities all coming to a head, so I have been a bit remiss in posting as of late. Rest assured that there are still thing's going on and you will hear about them shortly.  I was a guest instructor at a tactical carbine course,  I went to a couple of really great cigar events, our Charlie Sheen issue is coming out, and I have a few more reviews that I'm going over as well. You will get the details on all of it soon.


You will also start seeing changes to the format and tone of my articles. Also some changes in the setup, template, and color scheme. Less militaristic, less of a rant. More informative. I hope the change will be for the better as I am looking for that last push to get me over 30K hits.


Also, if anyone who reads this has anything that they would like to read about or get some insight on, please feel free to leave a comment and I will try to help out. Fashion, finance, business, cigars, liquor, weapons,  tactics, culture,  even politics to some extent.


Well, I am writing this via Blogger fr android on my phone, while sitting onva bus on my way up to Camp San Luis Obispo for drill, so I will wrap this latest entry up, but not before I try and upload a photo via my mobile device. That's a button down spread collar from Hugo Boss. Enjoy!


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Tuesday, May 1, 2012

May Day!

Happy May Day everyone! Oh, you don't celebrate May Day? Good for you! That's likely because you're not a disillusioned ,ignorant, communist hippie, and I applaud your decision to be a productive member of society!


If you do celebrate May Day, then that is your choice, and a right guaranteed to you by the US Constitution, the very concept you wish to supplant, and the document that I and my brothers and sisters in arms have fought to uphold and defend. I don't agree with what you have to say, but I will defend your right to say it!


So don't forget to wear red and have a parade no one cares about, because seriously, no beads or moonpies? What was Stalin thinking?


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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.”

Thursday, April 26, 2012

ICBSC


This past weekend was the intensive phase of the semester long International Collegiate Business Strategy Competition (ICBSC). For those that I have yet to regale with the details of this endeavor, the ICBSC is a collegiate competition at both the undergraduate and MBA level where teams of contestants create a fictional company and manage it through seven years of operations. These operations run the entire gamut of what can be expected of executive level management, from sales forecasts and production management to marketing and finance.





My company, representing Cal-State Long Beach, and manufacturing waterproof and shock proof MP3 players (For the active lifestyle that those of us in Southern California enjoy) was called “Long Beach Sound” (get it?) and I took over the reins as the CFO (Chief Financial Officer) My original goal as CFO was to finance the company through our operating income. This is a risky strategy, as it keeps us from having to pay interest, dividends, or diluting existing outstanding stock, but it also relies on current and existing cash flow in order to expand – which we did, very quickly, and very aggressively. Combine this with the company’s commitment to training and research & development, and we were cutting it close to the wire every quarter in terms of financing our operations.

Decisions were made every quarter (represented as usually once a week and gradually speeding up all the way to once every two hours during the intensive phase.) and I am proud to say that we were completely successful in being a self-sufficient company. We never had to issue bonds, or dilute our stock with a further issue, nor were we forced into emergency bank loans – known as the financial kiss of death in this competition. In fact, Long Beach Sound made a serious dent in our capital structure by buying back about 20% of our shares outstanding, and retiring much of our bond debt, therefore increasing shareholder value and overall stability, all while reinvesting in the company.


Without getting too far into the details of the competition – which may bore many readers (we joked that it was similar to the number crunching Olympics, that we were “Matheletes,” and I even referred to the competition as the Business world’s varsity dungeons & dragons team) I learned a great deal. One of the main lessons learned was that everything depends on everything else. To say business is a vicious cycle is far too cliché, but also very accurate. Finance depends on sales, which depends on production, which depends on forecasts, which depends on infrastructure, which depends on finance. Somewhere in that mix, throw in marketing, training, R&D, advertising, and oh yes, the competition. That is something else that you have to worry about. Much like the old military saying of “The plan never survives the first contact” a business plan depends largely on what your competitors do. Their price points, their capacity, their production, all have to be carefully monitored and kept in mind in order to optimize your own.


In the end, I think we performed well. Long Beach Sound placed 1st in Business Documents (Strategic Business Plan, Annual Report, 10K, etc.) and 3rd in Overall Performance. We also stood in a division that had some very stiff competition. We faced down, and ultimately outperformed such illustrious MBA programs as Purdue, and Northwestern’s Kellog School of Business. The program was a lot of work, and a good bit of fun. I am glad that I did it, and it will be a nice bullet point on my resume, but I am glad it is over. It truly was like having another job, in addition to the one I already have, my full time Grad School schedule, and my obligations to the California National Guard. If you are an MBA student or Business Undergrad then see if your school is putting together a team for next year. It will be well worth your time.


Wednesday, April 25, 2012

The Siege of Savile Row

Read this article off of The Chap - I can say that this is finally a protest I can put my position firmly along side. Savile Row has long been the home of gentlemen's tailor shop, hawking only the finest of wares. An invasion of this haven of the Bespoke Gentleman is nothing short of an atrocity, and the doing so by none so drab, mundane, and terrible as Abercrombie & Fitch (or more accurately, "abercrombie" for their children's line) speaks to the true horror of the situation.

Bravo on your fight gentlemen. I tip my hat to you, and might I add that never was there assembled a more impeccably dressed group of protesters. Dirty hippies? I think not!

Give Three-Piece a Chance!

The Siege of Savile Row

2012
On the morning of St George’s Day, April 23rd, swathes of immaculately dressed chaps and chapettes gathered outside No. 3 Savile Row to demonstrate peacefully – but firmly – against Abercrombie & Fitch’s proposed plans to open a children’s store there.
The protest began in earnest at 10:15am, when chumrades in arms marched around the corner to Abercrombie’s flagship store on Burlington Gardens, stabbing the air defiantly with home-made banners declaring “Give Three-Piece a Chance”. On the very steps of enemy HQ, Mr B The Gentleman Rhymer led the troops in song, chanting “All we are saying is, give three-piece a chance” adapted from John Lennon’s original.
Once pitched outside A&F’s flagship store, demonstrators were greeted by hordes of press, both local and international, accumulated on the opposite pavement. Also in attendance was the Chief inspector of Savile Row Constabulary, who commented to one of the protestors: “In all honesty, this is the best dressed demonstration I have ever seen.” We hope the Chief Inspector will add his signature to our petition and help keep riff-raff off the Row.
After a final rousing chorus of Give Three-piece a Chance, the protesters dashed off to the French House for a much-needed mid-morning snifter, since the Martini hour had long since passed. By 9pm GMT on Monday night, news of the protest had ripped through the press, both in the UK and across the pond, with reports featured in The Times, The Guardian, The Independent, Fox News, The Metro, The Evening Standard, The Los Angeles Times, The Washington Post, Bloomberg Business Week and more. With all this media attention, we’re confident Westminster Council will veto A&F’s application to open a children’s store on Savile Row, and allow it to remain the heartland of British bespoke tailoring.

Thursday, April 5, 2012

25,000!

Wow, I can't beleive it has been a month since I last posted anything. Thats pretty crazy how fast life (like school, the National Guard, work, and spring break) can get in the way. Anyway, sometime in between then and now, I hit more than 25,000 views. This is pretty big for me. I know some writers get that every couple hours, but I'm pretty psyched that I'm averaging more than 100 hits a day. Thats pretty cool in my mind. Some folks actually care about what I have to say, and that is a good feeling.

Look for more stuff coming in from my facebook and twitter accounts, as well as some more reviews of cigars, drinks, and culture. Now I've just got to find a way to monitize this piece (and no, Google Adsense doesn't wanna play ball) anyone want to buy an ad?