I’m Long Mudpies
by Kaiser EdamameAnd short Creampies. Especially as baked by Patrick Byrne.
I’m an iconoclast, but a pie-analyst by training. We think the entire financial pie baking industry is inherently cyclical and is positioned to rebound in a big way after a couple of Sarbanes-Oxley induced down years. Mudpies are a strong buy per our recommendation, as we expect them to come back into fashion on a pro-forma basis. Pumpkin pie looks attractive at current prices too.

A larger theme in the “Long or Short” newsblogletter is that in any mania, look to the enablers, the proverbial “companies providing the shovels to the gold miners” rather than the “gold miners” themselves. Extending this framework to the frenzied pie market, we are currently recommending a long position in women, bred for their skills in baking. Target price $Unicorn.
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