Peak Piratery: Time To Walk the Plank?
by Johnny DebacleWe have been long piratery since our initial report from December (see “Piratery FKA Piracy: Primer to Investing in Cutlasses, Rum and Pillaging“). But the recent cresting of Pirates of the Caribbean 2: Dead Man’s Chest gives pause to our bullish sentiment.
Are we reaching the point of Peak Pirate?
- In the difficult Indian ocean piratery market, the new Somalian Islamist government has seized a pirate stronghold.
- Pirates of the Carrribean 2 is almost through its theatrical run, and it will likely finish as the 6th all time grossing film in domestic box office history, a height unlikely to be reached by subsequent entries in the series.
- The entrance of low cost (and low quality) kitten pirates has proven to be disruptive to pirate operators, creating a low margin environment.
Mass adoption is the ultimate indicator of a fad or an investment theme peaking, and this article paints a peak pirate picture:
Across the United States, from New York City, to Portland, Oregon, the pirate movement has spawned pirate bars, social circles, bands, festivals, magazines and apparel.
Devotees are attracted by pirate fashions, the spirit of rowdiness and the opportunity to engage in anti-establishment behavior. It’s unclear where it began, but pirates are clearly in vogue.
“We are in the throes of its real peak,” said Hawkins, 35, who performs as pirate Luc the Lucky in Portland. “Pirates are like the new cowboys.”
The new cowboys? It doesn’t get any gayer than that.
Recommendation: We are rating piratery a firm “Do not buy.”
Pirates, Ninjas, Zombies, Vampires (or is it Vampyres?)… It’s all the same immature crap.
OMG, no…… lol.
*sadly lays his blade to rest*
They are not the same immature crap, they are different immature crap. This is for you, a handy little reference guide, Aerik.
Pirates wear a patch and rape and pillage.
Ninjas wear pajamas and shuriken and assassinate.
Zombies wear whatever they feel like and eat brains and eat brains.
Vampires wear capes and drink blood and love the ladies.
Mister Juggles wears Thomas Pink and makes more money than you.
Well, when you find out that the Mt. Zion Baptist Church in southern Pennsylvania has adopted pirates as the theme for its vacation Bible school, you’ve got to wonder.
So which is cooler, ninjas or giant robots? Choose carefully!
Definitely the Ninja. Especially when I’m in your company.
Ugh, what is it with you short-term outlookers? This peak-piratrey nonsense never lets up. At the very worst, we’re faced with peak-cheap-piratrey, bur piratrey will go on and become much more dear with time, requiring more geniune articles of piratrey-adoption. I’m talking about genuine hook-hands, peg-legs, and patches that adorn authentically gouged eyes. Cheap piratrey can’t manage so much as a pair of sea-legs, much less a peg-leg.
STRONG BUY.
Recommend switch into Vikings. Similar to pirates in business model and capital structure, but with a less competitive environment (Greenland et al vs. Barbados et al), and their own unique style and mythology (Valhalla, burning ship funeral pyre, the list goes on and on). Honey-based mead also not suffering from boom in softs driving up price of mollases-based rum. I’ve been early on this trade, admittedly, but the value is in Vikings these days.
Aren’t you private on that name Leif?