Thursday, March 11, 2010 
Who’s Reality Does Perception Become?
Click to view larger
Click to view larger
This is the title of the latest Buy rating on Prologis (PLD) from Merrill Lynch (MER).
I have a philosophical debate with the title.
Your perception and my perception are different.
There is only one reality.
You call it a Buy. But you can’t own any. That is a conflict of interest.
I can find so many flaws in the logic of this buy rating that it further emphasizes that my perception is THE reality. And my perception is that Prologis (PLD) common stock will be worthless.
I include below the calculation Merrill Lynch (MER) gives for NAV of (PLD).
It is an interesting set of numbers. It is wrought with flawed logic and useless assumptions. The analysis misses such a key point. A point that is so obvious. Prologis (PLD) has tipped. To the point of no return.
Here is all the analysis you need:
Prologis (PLD) common stock will be worthless.
Position yourself appropriately.
Peace
Click to Enlarge
What a great title they chose! I will be laughing about it for years to come.
Comment by Rich — September 30, 2008 @ 12:43 pm
[...] recommending the stock as a BUY. The report was titled “Perception is Reality.” Click HERE to read about it at [...]
Pingback by Stripnomics » PLD Downgraded — September 30, 2008 @ 11:19 pm
[...] Becomes Reality”. Mr. Volatility referenced the report in his post titled, “Who’s Reality Does Perception Become“. Here is a screengrab of it: CLICK TO [...]
Pingback by Stripnomics » MY Perception in Reality — October 16, 2008 @ 2:48 am
[...] floating around in trading accounts around the globe. The fiat monetary system has tipped, to the point of no return. With this knowledge of the underlying probabilities, I am now positioned to hit it big. When the [...]
Pingback by Read It In the Sunday Papers | Trade the Picture — December 1, 2008 @ 1:33 am
[...] Merrill upgrades Prologis (PLD) to buy from neutral. Target $11. Another upgrade from the mighty Merrill. This is almost as good as their analysis back in September, Perception becomes reality. [...]
Pingback by More of the Same at Prologis | Trade the Picture — February 11, 2009 @ 2:18 pm
RSS feed for comments on this post.
TrackBack URL
http://www.tradethepicture.com/2008/09/whos-reality-does-perception-become/trackback/
Leave a comment