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The Neo-Market Report
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Once again, the Neopian Times is proud to present Neil Kauvuto and Maria Blumaroono, our resident financial experts. Today, they are joined by Hans Usul and Lenny Oritana, co-managers one of the market’s foremost mutual funds, The Kacheek Fund. And now, with all the day’s financial news, it’s The Neo-Market Report, starring Neil Kauvuto and Maria Blumaroono… KAUVUTO: Hi, and welcome to another edition of The Neo-Market Report. I’m Neil Kauvuto… BLUMAROONO: …And I’m Maria Blumaroono. After a volatile day on the floor here are our top stories. Today’s announcement that Chia Steel was awarded the contract for the proposed Neopian Bridge has caused the stock to skyrocket, with shares jumping from 868 to 1124 NP a share. Other stocks on the move include the Confederation for Fish Lovers, whose shares doubled after a Neopian Journal of Medicine study indicated that pets who ate fish got sick less often was released, and Hakaheke Island Flights, whose fortunes have been buoyed by the recent surge in the economy. KAUVUTO: Another good sign was the resurgence of the Neopian Bank. After last week’s catastrophic crash, it appears that the bank has begun to stabilize. Today’s healthy gain of 3 NP a share looks like a strong indicator that the bank is finally on the mend. Unfortunately there were a few stocks that got trampled in the Bull Rush. Today’s losers included the Powlex Corporation, who were one of the companies that Chia Steel beat out for the Neopian Bridge contract, and Kau-Kau Farm, which dropped seven percent amid reports of a possible bacterial mishap. BLUMAROONO: And now, for their views on the market we are joined by Hans Usul and Lenny Oritana, co-managers of the Kacheek Fund. Welcome, gentlemen! LENNY: Thanks. HANS: Thank you. BLUMAROONO: So, what would you make of what we saw on the floor today? HANS: Well, with our strong emphasis on Tech stocks, we were really encouraged by today’s great performance from Chiatech. They’ve had a very good quarter and we expect big things from them in the future… LENNY: Another tech stock we’re keeping an eye on is Nakron. Although it’s just starting out we’re foreseeing a bright future for them. KAUVUTO: According to our numbers Media stocks make up 9% of your fund… LENNY: That’s correct. KAUVUTO: …and, although we didn’t get much action on those stocks today with Cybun, Kacheek Telecomm, and NTV1 (Neopian TV Channel One) all holding steady, how do you see the Media stocks shaking out in the near future? HANS: I mean, obviously, Kacheek is the standard by which the other Media stocks will be measured, but we feel at 1575 NP that the stock is a little high… I mean, when you compare Kacheek and Cybun’s price-to-earnings ratios, Cybun turns out to be a far better buy. LENNY: And we’re also encouraged by Channel One’s attempts to move into the Telecomm market. They’re doing some good things, and we feel that will further cut into Kacheek’s Telecomm’s earnings. BLUMAROONO: The fund is also quite high on Fuzz-I-Ow! Plasters and Bandages, in the medical sector. Could you tell us about that? HANS: Well, I think it’s fairly simple. The reality of the situation is that, especially with Battledome coming soon, the need for pets to get medical attention is going to increase. And, without a significant challenger in the market, it looks like Fuzz-I-Ow! is in good position to establish itself as a name brand. We’ll see… KAUVUTO: Well gentlemen, we’d like to thank you for stopping by… HARRY: Oh sure, anytime… BLUMAROONO: And that’ll do it for today’s Neo-Market Report. Thank you, and we’ll see you next time. For Neil Kauvuto, I’m Maria Blumaroono saying good night… |
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