Saturday, September 6, 2008

Weekend edition: A call for the beauty disadvantaged

Mt Isa is a mining town in remote North West Queensland Australia. Its hot and dry and (kindly) a cultural backwater. It also has a severe drought of ladies and the children suffer from lead poisoning. The ratio of single blokes to single ladies exceeds 5 to 1. If you took out the hookers it would probably be much worse.

The mayor in the tradition of small town mayors took it upon himself to rectify this situation with a call for the “beauty disadvantaged” to move to Mt Isa. You know what he thinks of his constituents when he says this:

Quite often you will see walking down the street a lass who is not so attractive with a wide smile on her face. Whether it is recollection of something previous or anticipation for the next evening, there is a degree of happiness.

Whatever – beauty is skin deep and sometimes the ugly ducklings can thrive in a portfolio. So – at least as regards to stocks – consider this a call for the beauty disadvantaged. Interesting suggestions will be examined.

The only problem of course is an observation that a single nurse in Mt Isa made regarding the Mayor’s comments. She said: “around here the odds are good, unfortunately often the goods are odd”.

I expect that to apply in most instances to the stocks too!

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The content contained in this blog represents the opinions of Mr. Hempton. Mr. Hempton may hold either long or short positions in securities of various companies discussed in the blog based upon Mr. Hempton's recommendations. The commentary in this blog in no way constitutes a solicitation of business or investment advice. In fact, it should not be relied upon in making investment decisions, ever. It is intended solely for the entertainment of the reader, and the author.  In particular this blog is not directed for investment purposes at US Persons.