Trillionaire Term of the Day - March 6, 2009 - Sin Stocks

Sin Stocks

Sin stocks are stocks of companies that produce products that are associated with activities widely considered to be immoral or unethical. Some examples of these sinful activities could include the production and distribution of alcohol, weapons, sex-related products, and tobacco.

Phillip Morris (PM) and Altria (MO) are two of the best-known tobacco companies.  Anheuser-Busch (BUD) and Diageo (DEO) are some of the biggest alcohol companies.  Playboy Enterprises (PLA) is one of the most famous sex-related companies, while MGM Mirage (MGM) and Wynn Resorts (WYNN) are two giant casino companies.  Northrop Grumman (NOC) is also one of the biggest weapons manufacturers. 

Sin stocks have a reputation for being great investments during recession, as these stocks provide a safe haven during slow economic growth periods.  There is a lot of debate as to which stocks and which industries should be put into the “sin” category, and everyone has his own criteria of what should be considered sinful.  But, it is clear to see that some sin stocks do hold up well during recessions.  For example, tobacco companies like Altria (MO) usually hold up very well during economic slumps.  The logic behind Altria’s relative strength can be attributed to the fact that smoking is addictive, and people will not stop smoking because of a weakening economy.  On the contrary, people might actually begin to smoke more during recessions due to increased stress levels.

But, sin stocks don’t always hold up during recessions.  One sin industry that has been crushed due the credit crisis is the resorts and casino industry.  MGM Mirage (MGM) is currently off of its 52-week high by 96.92%, and Wynn Resorts (WYNN) is off of its 52-week high by 82.85%! These huge drops in casino company stock prices are understandable though, as people do not have the extra income to spend on gambling anymore.  So, while some “sinful” industries, like tobacco and alcohol, hold up well during recessions, industries like the casino industry struggle mightily. 

Another important issue to think about with sin stocks is whether or not it is morally right to invest in these companies.  For example, every time someone invests in a weapons company like Northrup Grumman, that investor is essentially providing the company with the money to produce more weapons.  Personally, I have promised myself that I will never invest in a weapons company, as I feel like it is unethical to fund the production of bombs and guns that kill people.  Having said this, I own shares of both Phillip Morris and Altria, so I clearly do not feel like funding the production and distribution of tobacco products is as bad as funding the production and distribution of weapons.  People have their own moral feelings about weapons and tobacco though, so it is every investor’s individual choice as to what types of companies are ethically acceptable to invest in. 

If you don’t have a moral problem with investing in sin stocks, you should definitely check out some of the industries and companies that I have mentioned throughout this article.  I highly suggest Altria (MO), and you can expect a Stock of the Day for the company next week.  

Niki Pezeshki

College Trillionaire

Market Recap - March 5, 2009

Wednesday’s comeback didn’t last. The markets tumbled today as General Motors (GM) and Citigroup (C) continued to show horrible signs. The Dow Jones industrial average dropped 281.4 points (-4.09%) to 6594.44 and the S&P 500 lost 30.32 points (-4.25%) to end the day at 682.55.

In a report given today, GM said that it was nearing bankruptcy. Independent auditors analyzing the company stated that there is “substantial doubt” as to whether GM can overcome massive losses and bring in enough money to stay in business. The odds are stacked against the Detroit-based automaker, as it must prove to the government by March 31^st that the company can become viable again. GM posted a $30.9 billion loss last year; it has been helped by $13.4 billion of government loans and the company is seeking up to $30 billion more. The company lost 34 cents, or 15.5%, to end at $1.86 on the day.

Thinking of Citigroup’s history in the past months brings images of trains derailing in my mind. The major bank has suffered nothing short of a catastrophe: it used to be the biggest publicly traded bank based on assets and market capitalization, but its market cap is currently $6.2 billion, whereas in early 2008 it was around $270 billion. The company’s stock was trading above $20. At one point today, the stock traded at 97 pennies per share.

Tomorrow will be an incredibly important day for the markets, as the government’s February jobs report will be released. Analysts surveyed by Reuters expect that 648,000 jobs were lost last month. Losing this number of jobs would bring the unemployment rate to 7.9%. These expectations alone are dismal: this unemployment rate would be a 25-year high. We could see a horrible day on the markets if actual job losses are greater than the expected number.

As the market dips lower and lower, wary investors will search for signs of a bottom. To find a bottom, we need to determine the overall market sentiment. If people believe things can get worse, we haven’t seen a bottom. When people yank their hair out and scream that things “can’t get any worse”… a bottom may be in sight. While this makes for a painful process, let’s hope the bottom comes sooner rather than later.

-Matt Schwartz

College Trillionaire

Trillionaire Term of the Day - March 4, 2009 - YOY

Year Over Year

One of the single most popular methods of evaluating investments and other financial indicators is to analyze year over year (YOY) changes. Analysts, writers, and other members of the financial world tend to use this method without explaining its meaning. We’re here to help.

When you hear that a stock’s 4Q revenue increased 10% year over year in 2008, this means that their revenue in the 4^th quarter of 2008 was 10% higher than their revenue in the 4^th quarter of 2007. 

To give you an understanding of how the percentage change is found, let’s calculate the year over year change in February car sales for General Motors (GM). The automaker reported that it sold 126,170 cars last month. From reading the company’s 2007 financial report, I learned that GM sold 268,737 cars in February of 2007. 126,170 is 47 percent of 268,737 (simply divide the first number by the second). So we know that there was a 53% drop in GM’s February sales year over year.

But why would we use year over year data instead of analyzing sequential monthly or yearly change? Consider companies that make profits based on retail sales. Sales for these companies, for the most part, are much higher in the 4^th quarter than in any other quarter of the year. End of the year holiday shopping substantially drives revenue up for most retail companies. If we want to measure how well a retail company is doing, we can compare 4^th quarter statistics year over year with the 4^th quarter numbers of a different year. In this case, simply analyzing the percentage change in sales from the 3^rd quarter to the 4^th quarter would not give us effective information to evaluate.

This form of measurement has become prevalent in the investing world because it is a good method of isolating performance for a specific period of time. We can compare every kind of change on a year-to-year, month-to-month, or even day-to-day basis.

 

-Matt Schwartz

College Trillionaire

Market Recap - March 4, 2009

After 5 consecutive days of selling, investors finally pushed the markets substantially higher today! The Dow Jones Industrial average increased 149.82 points (2.23%) and the S&P 500 was also up 16.54 points (2.38%)

A major piece of news that boosted the markets came from Washington, as Obama’s foreclosure prevention program went into effect today.  The program’s official name is the Homeowner Affordability and Stability Plan, and it will provide $75 billion to help around 9 million struggling homeowners avoid foreclosure.  The government will use the money to help homeowners refinance into lower interest rates and will also use the money to give incentives to lenders to restructure mortgages to more affordable levels.  As a result of this plan, the government is hoping to decrease the number of foreclosures and to help ease homeowner worries.

The markets were also up on news that China is ramping up its economic stimulus plan.  China will spend billions on infrastructure in order to boost consumer spending and to create jobs.  As a result of the increased government spending, oil and other commodity prices soared due to expectations of higher demand. 

But, then again, maybe the markets went up today strictly because stocks can’t go down forever.  At some point, there are going to be investors who think that the markets have just been too oversold and feel like some stocks are undervalued.  After five straight days of selling, and after reaching lows in the major indexes that have not been seen since the mid-1990s, the bargain hunters were out in full force today.

Until tomorrow,

 

Niki Pezeshki

College Trillionaire

Stock of the Day - March 2, 2009 - MVL

Marvel Entertainment (MVL)

Marvel Entertainment (MVL) has the rights to around 5,000 characters in the United States, including Iron Man, The Incredible Hulk, Spider Man, Captain America, The Fantastic Four, X-Men, Ghost Rider, and many other famous superheroes and villains that we grew up with.  The company is split into four sections: Licensing, publishing, toys, and film production.

Marvel, which is currently trading in the mid-$24 range, has a 52-week high of $38.50 and a 52-week low of $23.28.  The company, which released 4^th quarter earnings about a week ago, had a great 2008.  For the full year 2008, revenue increased by 39% and earnings climbed 54%.  In the 4^th quarter alone, Marvel doubled last year’s 4^th quarter earnings of $0.35 a share to earn an analyst-beating $0.80 of profit per share! This increase in 4^th quarter profit was mostly due to amazing Iron Man DVD sales.  The entertainment company continues to impress, as this was the sixth consecutive quarter that Marvel has beat analysts’ earnings estimates. 

The best way for a company like Marvel to beat estimates and to continue making huge profits is by coming out with blockbuster movies.  In 2008, the company released two very successful summer blockbusters in Iron Man and The Incredible Hulk.  Both of these movies brought in a ton of money from box office sales and also from DVD sales.  Marvel has also changed its movie-making strategy recently, as it has started to finance and produce its own movies instead of licensing them out to other companies.  While the risks are higher because it is using its own money, the rewards are greater because it can keep all of the profits. 

Having said this, 2009 will be a very troubling year for Marvel, and I believe that you should hold off buying Marvel for now.  I say this because the pipeline of movies for 2009 is extremely weak.  “X-Men Origins: Wolverine” is the only Marvel movie set to release in 2009, but Marvel sold the producing rights to 20^th Century Fox, so it will only get a fraction of the movie’s profits.  For a company that relies heavily on its income from blockbuster movie releases, 2009 looks very grim.  Analysts are expecting drastically lower 2009 earnings of $1.30 a share when compared to the company’s current EPS of $2.61.   If the EPS did drop to $1.30 and the share price remained at $24.35, it would result in a P/E ratio of 19, about double the current P/E of 9.3.  With the weak product line coming out in 2009, there is no real reason to believe that investors will be fine with paying 19 times earnings.  Thus, I believe the stock price for at least the first half of 2009 will fall. 

But, the long-term prospects for Marvel look great!  With Iron Man 2 and Thor coming out in 2010, and Captain America and The Avengers expected to hit the big screens in 2011, Marvel is looking at an amazing revenue stream that will last for a very long time.  What makes these upcoming movies even more enticing for Marvel investors is the fact that Marvel will be producing and paying for these movies instead of licensing them out.  As a result, Marvel will reap 100% of the profits made from the box-office sales and the DVD sales. 

With over 5,000 characters under its name, Marvel has a firm grip on the very lucrative superhero genre.  Even after the four movies that it is coming out with in 2010 and 2011, Marvel has a plethora of very famous characters that it can continue to produce movies based on in the future.  Superhero movies have been some of the biggest box-office hits in the past few years, and with so many characters to work with, Marvel is looking at a goldmine of film revenue.  Marvel’s films are very appealing to many demographics, and the company’s movies continue to pack theaters and continue to sell DVDs at high rates. 

There is no doubt that the product line for Marvel will be weak in 2009, and the stock price will probably reflect that.  But with around 5,000 characters that are marketable, with four blockbusters coming to theaters in 2010 and 2011, and with a very stable financial situation, Marvel looks to be a company that is set to grow for many years to come.  I would highly suggest holding off on buying until the 3^rd or 4^th quarter of 2009 after the stock has pulled back due to the weak EPS numbers.  But, the future looks bright for Marvel, and I think it will be a great stock to own for the future!

 

Niki Pezeshki

College Trillionaire

Crisis of Credit

This is an interesting video that very simply explains how the United States got itself into the credit crisis we are currently experiencing.  The video lasts not much longer than 10 minutes, and it is definitely worth your time.  If you have never heard about Credit Default Swaps, Collateral Debt Obligations, or you just do not understand the exact reason why the economy is so messed up, check out this video:  http://vimeo.com/3261363

Niki Pezeshki

College Trillionaire

Market Recap - March 3, 2009

The markets showed some signs of hope today, as some investors picked up declining stocks. Despite a few small rallies, the Dow Jones industrial average and the S&P 500 ended down for the 5^th consecutive day. The Dow fell 37.27 points (-.55%) while the S&P dropped 4.49 points (.64%). The S&P closed below 700 for the first time since 1996.

The Federal Reserve Chairman sat in front of Congress today and defended the $30 billion bailout of the American International Group (AIG) that was announced yesterday. Monday’s bailout marked the fourth time that the government has rescued the troubled insurance group. Bernanke said that allowing the company to fall would create a destructive financial chain reaction. Critics believe that the Fed has put itself in a terrible position: they’ve put too much money into AIG let the company fall, but the company will continue to need more support in the future.

Bernanke also announced the new Term Asset-Backed Securities Loan Facility (TALF) program. The Fed and Treasury Department will buy out $200 billion worth of securities that own debt. These securities are mostly backed by credit card loans, auto loans, and student loans. This program will definitely put more credit in the markets and allow more people to get loans. Despite this, some are worried that the government will disturb the credit markets because investors will be less attracted to those securities that aren’t backed by the government.

Blockbuster (BBI), saw its share price plummet nearly 80% in 10 minutes today, as the stock closed down 74 cents, or 77.1%, to settle at a price of 22 cents. Investors sold en masse as reports circulated regarding a possible bankruptcy. A company spokesperson said that Blockbuster does not intend to file for bankruptcy protection.

Even though the markets ended in the red today, we saw investors attempt to scoop up stocks at lower prices. While the time and location of a possible bottom are still unknown, it is reassuring to see that people still see opportunity in the recent drops.

Until tomorrow,

 

-Matt Schwartz

College Trillionaire

Trillionaire Term of the Day - March 3, 2009 - REITs

Thank you for the article Ramin! Remember, if you want to write an article on a specific stock, a term that interests you, or anything else that relates to the stock market, do not hesitate to send your article to collegetrillionaires@gmail.com so that it can be posted on College Trillionaires!

Real Estate Investment Trust (REIT)

During the 1960’s, congress created the Real Estate Investment Trust (REIT) with the intention to allow everyday investors to invest in large-scale real estate properties through the stock market.  REITs (pronounced Reets) essentially act like normal stocks, and they are traded on major stock exchanges such as the NASDAQ.  The one key difference that sets them apart from normal stocks is that REITs invest in real estate, with at least 75% of their income coming from real estate endeavors. REITs normally act as promising investments, as they usually receive a high yield of return (between 5-10% per year). These high returns come partly from the numerous tax benefits that these companies receive during the process of buying, selling, and holding real estate. These corporations are required to distribute 95% of their income, which allows them to avoid the corporate income tax.

Equity REITs invest in multiple real estate properties ranging from shopping centers, large shopping malls, apartment complexes, office buildings, warehouses, etc. These REITs can hold the property while producing income through rent and they can sell the property as it appreciates in value. REITs can also purchase old, rundown, undervalued properties with the intention to fix them. With the right moves, this can be a highly lucrative and quick investment. Lastly, the REIT can purchase a high income producing property such as a shopping mall or apartment complex at a low price and be able to receive large amounts of income through rent. 

A Mortgage REIT is an investment fund that deals with property mortgages in three different ways. The first and most simple way of investing in mortgages is to loan out money to property owners for their mortgages (like a bank). The money made through the compound interest that these loans earn makes up a majority of the income for REITs. The REIT is also able to purchase packages of existing mortgages from banks or other REITs. This allows corporations to buy, sell, and trade huge amounts of mortgages, and the prices of these mortgage packages depend on the credit of the property owner and size of the loan. Similar to purchasing mass amounts of mortgages, REITs can also purchase mortgage-backed securities, which is essentially purchasing pools of mortgages. All three ways produce revenue through collecting on the interest of the loans.

And then there is the hybrid, which is the combination of the Equity REIT and the Mortgage REIT. These REITs hold investments in properties and mortgages.

A few examples of REITs include American Century Investments (ACIVX), Vanguard (VNQ), Boston Properties (BXP).  You can find a list of the top REITs in the NASDAQ using this link: http://www.forbes.com/2008/02/20/reit-perfomance-grades-biz-cx_dp_0220reit_table.html.

Unfortunately, due to the recent economic crisis combined with the massive drop in real estate prices, nearly all of the REITs have taken beatings the past two years and have dropped in share price by an average of 40-70%.

 

Ramin Ghaneeian

College Trillionaire

Stock of the Day - March 2, 2009 - MCD

McDonald's Corporation (MCD)

McDonald’s (MCD), home of the Big Mac, Chicken McNuggets, and those unbeatable french fries. What once was a small American burger joint quickly expanded to become the world’s largest fast food restaurant business. The golden arches are now an international symbol for tasty, yet cheap eating. So should McDonald’s be a part of your investment portfolio?

We don’t have to worry about the popularity of McDonald’s restaurants. Fast food has become an integral part of American culture. People love nothing more than quick and delicious food at a low cost. There are currently over 35,000 McDonald’s restaurants in over 100 countries, and the gigantic franchise currently has a market cap of $58.18 billion.

McDonald’s has done a lot throughout the years to update its image and remain current. The company has eased the worries of health-concerned individuals by providing alternatives like salads and apple slices. Two years ago, the company introduced its drip coffee to the breakfast menu. As a terrified Starbucks (SBUX) looked on, McDonald’s steadily gained market share in the coffee market. Coffee sales have increased 70% since its introduction, and McDonald’s receives an added benefit from customers who come for coffee and leave with other breakfast items.

The main source of expansion for MCD is overseas growth. In fact, the company brings in 65% of its revenue from restaurants overseas! McDonald’s has proven to be incredibly popular in Europe and most recently in China. In a period of time when most companies are closing stores and laying off employees, McDonald’s will be opening 500 restaurants and hiring over 12,000 workers.

Many people believe that McDonald’s has proven itself to be ‘recession resistant’ or even recession ‘proof.’ Individuals that used to go out to eat at middle tier restaurants such as California Pizza Kitchen (CPKI) and The Cheesecake Factory (CAKE) may opt for a cheaper meal under the golden arches. McDonald’s’ same-store sales increased by 7% worldwide in January. People simply love McDonald’s famous dollar menu for its price value. I’m skeptical of the term ‘recession proof,’ because I don’t believe that any company can fully resist the effects of the macroeconomy. With that said, I do agree that McDonald’s has a competitive advantage in a recession.

The company definitely could not avoid one major factor of the macroeconomy: the rallying dollar. Interestingly, the rising value of the U.S. dollar spelled bad news for McDonald’s in the last quarter. Net income fell 23% to $985 million as revenue fell 3% to $5.57 billion. The higher U.S. dollar affected these drops because it diminished the revenue of McDonald’s international business through steeper exchange rates. More recently, however, the dollar has started to lose speed against other currencies. As other currencies gain value, so will business for McDonald’s.

Despite all of the good news, one recent trend is troubling. Insiders have been dumping their shares in the past 6 months. Executives and managers working inside the corporation have sold off about 160 million shares. While the catalyst behind the selling is unknown, insider selling generally spells bad news because it gives management less incentive to keep the stock price of the company high.

My main concern for MCD is the value that stockholders are currently giving the company. McDonald’s is currently trading at about 14 times earnings and has a PEG ratio of 1.5. Its main competitor, YUM! Brands (YUM), is trading around 13 times earnings and as a PEG ratio of 1.07. These numbers indicate that investors may be giving McDonald’s more value than the company deserves (P/E ratio and PEG ratio were both previous Trillionaire Terms of the Day). Investors are essentially paying a premium for the value of the McDonald’s brand and future growth.

The main question becomes: Is the stock worth the extra premium? We’ve learned that McDonald’s is enormous in both size and popularity. The company is constantly evolving internally while expanding internationally. MCD was one of two stocks in the Dow Jones Industrial average that actually increased in value in 2008 (the other was Wal-Mart (WMT)). We know the company can survive, if not thrive, in a down economy. All else aside, McDonald’s will always retain value from its brand name and the reputation that goes along with it. Even though we do not know the motivations behind insider selling, all of the benefits appear to outweigh possible disadvantages.

The stock is near its 52-week low price point and is currently trading in the low $50s. The situation surrounding McDonald’s makes for a tough call. If you’re in the investment for the long run, the company definitely presents a great ‘buy and hold’ opportunity. Despite this, I doubt that the stock has seen its bottom and I would not be surprised if the stock price continued to move downward throughout the next few months.  I’d rank MCD to be a conservative buy as of right now because of a beneficial 3.8% dividend yield, but definitely be on the lookout for opportunities in the near future to pick up the stock at a better price.

Matt Schwartz

College Trillionaire

Market Recap - March 2, 2009

The Dow Jones Industrial Average fell below 7,000 for the first time in more than 11 years in another disheartening and depressing day on Wall Street.  The markets were pulled down by continued fear of financial companies and more uncertainty about the deepening recession.  The Dow Jones fell 299.64 points (4.24%) and the S&P 500 also plunged 34.27 points (4.66%).

The biggest news of the day came from insurance company American International Group (AIG), as the company posted an unbelievably huge $61.7 billion quarterly loss.  AIG will receive another $30 billion bailout loan from the government, but investors wondered whether that would even be enough. 

With this news about AIG and rumors still floating around about Citigroup (C) becoming nationalized, many investors feel like they underestimated how problematic our financial sectors actually were.  With this new realization of how bad things actually are, the sell-offs will continue. 

Warren Buffet also posted a letter to investors over the weekend telling Berkshire Hathaway (BRK-A) investors that the company had its worst year ever in 2008, and that he expects that economy to remain in “shambles” in 2009 and probably beyond. 

How low can the markets go? Will the Dow break 6,000 soon?  Have we reached a bottom in the stock market? These are all very legitimate questions, but the markets are so volatile and unpredictable these days, that the only way to find out is to wait and watch.

Until tomorrow,

Niki Pezeshki

College Trillionaire

Stock of the Day - March 1, 2009 - QCOM

Qualcomm Inc. (QCOM)

Qualcomm (QCOM) is the company that makes the chips inside of your cell phone.  The company, which is the largest supplier of wireless chips, introduced the high-speed CDMA technology that allows smart phones to function at 3G speeds.  There are many reasons why I think QCOM is a great company, and I believe that the factors that make QCOM a great company also make it a great investment opportunity. 

The first thing that catches my eye with QCOM is the company’s spotless financial situation.  QCOM currently holds around $14 billion in cash, and it has no long-term debt.  The company’s current assets outweigh its current liabilities by 5 to 1, meaning that QCOM is very financially well positioned and will not have any problems paying back its near-term debt obligations.

But, QCOM is much more than a stable value company, and with so many growth opportunities, it would be unfair to label it strictly as a large-cap value stock.  The company expects demand for 3G mobile devices to grow 20% annually, and the long-term earnings growth rate for the company is also expected to be at around 20%.  So, how does QCOM make money, and where will the company’s growth come from?

Qualcomm makes its money by licensing and selling its wireless chips to phone manufacturers such as Motorola, Samsung, Research in Motion, and almost every other cellphone maker.  Since QCOM patented the CDMA technology that is used in almost every single smart phone, every time a 3G phone that contains a QCOM chip is sold, the company that sold the phone has to pay QCOM royalties of $4 to $8.  This is a very low cost business for QCOM, and it makes a profit margin of around 90%. 

QCOM’s growth potential is very correlated to the growth of smart phones and 3G technology across the world, so it is great news that 3G penetration is expected to increase from 40% now to between 70% to 80% in 2012.  With QCOM’s dominant share of the wireless chip market, as more and more people start buying smart phones and upgrading to faster mobile devices like BlackBerrys and iPhones, the company’s sales and profits will continue to grow.

Another very interesting growth driver for Qualcomm will come from China.  China’s government recently passed a huge stimulus package that will boost consumer spending and spend a lot on the country’s infrastructure.  The stimulus package includes a $40 billion investment to upgrade the country’s telecommunications system.  QCOM will most likely be a huge part of this telecommunications plan, and the company has a lot to benefit from, as it will begin to move into China and greatly expand into a country that is trying to become more technologically advanced.

Qualcomm will also benefit from its new partnership with the world’s largest cellphone maker, Nokia (NOK).  QCOM will supply Nokia with chips for its smart phones starting in 2010, and this deal will give QCOM access to an even bigger share of the smart phone market.  The partnership will boost QCOM’s chip sales and increase the company’s profits, as Nokia will try to penetrate the U.S. phone market with phones that are powered with QCOM technology.

For the short-term, sales and profits will continue to be choppy as a result of the global economy.  The company lowered expectations for 2009, as it announced that the global economic slowdown has slowed demand for its chips.  Many mobile carriers have also released statements saying that they are preparing for a tough 2009, and Nokia is expecting the downturn to be long and deep.

Having said this, QCOM is still the best long-term play if you believe that smart phones will continue to gain popularity in the future and if you believe that more and more phones will run on 3G and eventually 4G technology.   As 3G infrastructures expands, and as more phones use QCOM’s technology, the company’s licenses and royalties will continue to grow.

QCOM has a very strong economic moat (Term of the Day on Feb 26^th) due to its license on the CDMA technology that is used in smart phones, and due to its ability to mass-produce chips at low costs.  The company has a dominant position in its industry, and it should continue to maintain its dominance and grow at least 20% every year.  While it might be smart to wait a couple months for cellphone demand to reach a bottom in mid-2009, QCOM has too much long-term growth potential to not consider investing in it at some point soon.  

Niki Pezeshki

College Trillionaire