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The Neo-Market Report By stereolab |
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Hello and welcome to this week's edition of The Neo-Market Report. Today Hugh McKougra, President of The National Neopian Bank, will join our resident financial wizards Neil Kauvuto and Maria Blumaroono. And now, with all the latest info from the floor of the exchange, here are Neil and Maria… KAUVUTO: Season's Greetings from all of us here at The Neo-Market Report. I am your host Neil Kauvuto, and as always Maria Blumaroono joins me from The News Desk with today's headlines. Maria, take it away… BLUMAROONO: Well Neil, the market remains somewhat Bearish in the wake of the recent crash. In moderate trading, the Neodaq has climbed a relatively meager twenty points this past week. Despite the market's inactivity, there have been a few companies posting inspiring results. Among this week's winners are Yippee!, who rebounded from their recent freefall by climbing nearly two hundred points this week, and The Neopian Auction House, which topped their pre-Christmas twenty point climb with an impressive sixty point jump this week. KAUVUTO: However, there were a few companies who got the proverbial lump of coal in their stocking this holiday. Among those who saw The Grinch steal their profits were Cybun Electromatics, whose value dropped twenty-seven points a share, and The Presidential Palace, who dropped twenty points on Thursday alone. BLUMAROONO: Joining us today is the President of a company which looks to be one of the great stories of the upcoming New Year, The National Neopian Bank, Mr. Hugh McKougra. Hugh, thanks for joining us. HUGH: Maria, Neil…glad to be here. BLUMAROONO: Now Hugh, everyone's aware of the problems that the bank has had these past few months, with it's value dipping into the low single digits. And now, it appears that you've had a resurgence of sorts. Could you please speak on this for us? HUGH: Well Maria, our value really started to drop when the Bull Market first started kicking in. You see, not a lot of people wanted to put their money in such a conservative investment like a bank when they could be buying stock in companies like Kacheek Telecomm and Chiatech Password, which were absolutely going through the roof. And with the rampant speculation that came about due to that Bull Market, interest rates got hiked, which made things even more difficult… KAUVUTO: And now, with this market bottoming out, the interest rates have come down. So investors that are getting back into the market are looking for new places to put their money… HUGH: Precisely. All that money that two months ago was being shoveled into Chiatech is now looking to go somewhere else. I mean, let's face it-they're not going to go giving their money to ChiaTech. So at this stage the savvy investor is saying, "I don't want a stock that's going to be 250,000 NP's one day and 3,000 the next. Granted, I want to make money, but I want to do it the right way…not the wrong way." Which leads me to think that you'll see investors seek out solid, consistent earners such as Yippee! and, hopefully, ourselves. BLUMAROONO: Now, you mentioned Yippee!, but they were hit just as hard by Black Tuesday as anyone else. HUGH: Well, not really. Pretty much the only Yippee! investors that got burned were the latecomers who had visions of turning it into another Chiatech, and who jumped off the bandwagon on Black Tuesday. For the people that have believed in Yippee! as a long term investment, and who didn't panic and sell during the crash, they're still in a very favourable position. And, truth be told, that's the kind of commitment we'd like to see from our investors, and those are the kind of results we'd like to reward them with. KAUVUTO: Well, that's going to do it for us. For Maria Blumaroono, this in Neil Kauvuto saying thank you and Happy Holidays… |
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