IF YOU OWN BOREALIS, YOU WILL ENJOY THIS STORY
El Al announced it has signed a letter of intent to become WheelTug’s launch customer. That doesn’t mean it will actually happen, or that they’ll get certified – the list of caveats is long. But with this news, WheelTug – and thus its parent Borealis – inches further down the runway toward possible take-off. Read all about it. (Here, too. And on Bloomberg, here.) I bought yet a few more shares at $3 yesterday morning after I read the news.*
IF YOU SEEK HOPE FOR THE FUTURE, YOU WILL ENJOY THIS CLIP
It’s just two minutes. Watch. Imagine how much progress we could make if we all started pulling together. There’s so much we actually agree on. (For one thing, I’m guessing that a solid majority of us are in the bottom 99%. Can we agree it’s a bad idea to eliminate the tax on billionheirs, as Mitt Romney proposes to do?)
IF YOU WANT TO SEE WHAT WE’RE UP AGAINST, THOUGH . . .
Watch Lesley Stahl’s interview with Republican lobbyist Jack Abramoff from Sunday’s “60 Minutes.” One could grow very depressed watching it, or very angry, but let’s skip all that and just try to do more to fix it. Including Abramoff’s own top suggestion: that no Congressperson or Congressional staffer be allowed, after they leave Congress, to lobby. When they finish their public service, they should just . . . go home.
Answer to Yesterday’s Riddle: Will just have to wait one more day. I don’t want to do anything to detract from either of those clips.
*At $3, with its 5 million shares outstanding and no debt, Borealis has a market cap of $15 million; whereas the estimated global annual airline industry savings from WheelTug, if it ever became the standard on commercial jets, is in the ballpark of $5 billion. And if they work with jetliners, might the company’s technologies conceivably have realizable commercial application elsewhere? Probably not, if the last 12 years are any guide. (See that first column from 12 years ago.) But I live in hope. Television was invented in 1926 and didn’t make a dime for decades. The dream lives on.
Quote of the Day
That I'm their competition.~Famed hedge fund manager Michael Steinhardt, when asked the most important thing an investor could learn from him.
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