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Reference: EN79-D
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Philippe took the time to listen to what I wanted and to explain to me all there is to know to make a good decision. He had good advice and offered multiple alternatives fulfilling my criteria. The customer experience was great, and the engagement ring is amazing. We are very happy!!!
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text:
Is EZCORP's Stock Cheap?
Numbers can lie -- but they're the best first step in determining whether a stock is a buy. In this series, we use some carefully chosen metrics to size up a stock's true value based on the following clues:
The current price multiples.
The consistency of past earnings and cash flow.
How much growth we can expect.
Let's see what those numbers can tell us about how expensive or cheap EZCORP (NAS: EZPW) might be.
The current price multiples
First, we'll look at most investors' favorite metric: the P/E ratio. It divides the company's share price by its earnings per share -- the lower, the better.
Then, we'll take things up a notch with a more advanced metric: enterprise value to unlevered free cash flow. This divides the company's enterprise value (basically, its market cap plus its debt, minus its cash) by its unlevered free cash flow (its free cash flow, adding back the interest payments on its debt). Like the P/E, the lower this number is, the better.
Analysts argue about which is more important -- earnings or cash flow. Who cares? A good buy ideally has low multiples on both.
EZCORP has a P/E ratio of 13.1 and an EV/FCF ratio of 12.4 over the trailing 12 months. If we stretch and compare current valuations to the five-year averages for earnings and free cash flow, EZCORP has a P/E ratio of 21.3 and a five-year EV/FCF ratio of 22.0.
A positive one-year ratio under 10 for both metrics is ideal. For a five-year metric, under 20 is ideal.
EZCORP is zero for four on hitting the ideal targets, but let's see how it compares against some competitors and industry mates.
1-Year P/E
1-Year EV/FCF
5-Year P/E
5-Year EV/FCF
Advance America, Cash Advance Centers (NYS: AEA)
Cash America International (NYS: CSH)
First Cash Financial Services (NAS: FCFS)
Source: Capital IQ, a division of Standard & Poor's; NM = not meaningful.
Numerically, we've seen how EZCORP's valuation rates on both an absolute and relative basis. Next, let's examine...
The consistency of past earnings and cash flow
An ideal company will be consistently strong in its earnings and cash flow generation.
In the past five years, EZCORP's net income margin has ranged from 10.1% to 13.6%. In that same time frame, unlevered free cash flow margin has ranged from 10.2% to 14.5%.
How do those figures compare with those of the company's peers? See for yourself:
Source: Capital IQ, a division of Standard & Poor's; margin ranges are combined.
Additionally, over the last five years, EZCORP has tallied up five years of positive earnings and five years of positive free cash flow.
Next, let's figure out...
How much growth we can expect
Analysts tend to comically overstate their five-year growth estimates. If you accept them at face value, you willoverpay for stocks. But while you should definitely take the analysts' prognostications with a grain of salt, they can still provide a useful starting point when compared to similar numbers from a company's closest rivals.
Let's start by seeing what this company's done over the past five years. In that time period, EZCORP has put up past EPS growth rates of 31.9%. Meanwhile, Wall Street's analysts expect future growth rates of 15.7%.
Here's how EZCORP compares to its peers for trailing five-year growth:
Source: Capital IQ, a division of Standard & Poor's; EPS growth shown.
And here's how it measures up with regard to the growth analysts expect over the next five years:
Source: Capital IQ, a division of Standard & Poor's; estimates for EPS growth.
The bottom line
The pile of numbers we've plowed through has shown us the price multiples shares of EZCORP are trading at, the volatility of its operational performance, and what kind of growth profile it has -- both on an absolute and a relative basis.
The more consistent a company's performance has been and the more growth we can expect, the more we should be willing to pay. We've gone well beyond looking at a 13.1 P/E ratio and its multiples look quite reasonable given its margins and growth. However, there are regulatory risks summarized here that need to be factored in. If you find EZCORP's numbers or story compelling, don't stop. Continue your due diligence process until you're confident one way or the other. As a start, add it to My Watchlist to find all of our Foolish analysis.
To see the stocks that I've researched beyond the initial numbers and bought in my public real-money portfolio, click here.
At the time thisarticle was published Anand Chokkaveludoesn't own shares in any company mentioned. Try any of our Foolish newsletter servicesfree for 30 days. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.
Copyright © 1995 - 2011 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.


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Take Me to the Casbah
Sun, Jan 16, 2011
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text:
Chapter 22
And the children of Israel set forward, and pitched in the plains of Moab on this side Jordan by Jericho.
And Balak the son of Zippor saw all that Israel had done to the Amorites.
And Moab was sore afraid of the people, because they were many: and Moab was distressed because of the children of Israel.
And Moab said unto the elders of Midian, Now shall this company lick up all that are round about us, as the ox licketh up the grass of the field. And Balak the son of Zippor was king of the Moabites at that time.
He sent messengers therefore unto Balaam the son of Beor to Pethor, which is by the river of the land of the children of his people, to call him, saying, Behold, there is a people come out from Egypt: behold, they cover the face of the earth, and they abide over against me:
Come now therefore, I pray thee, curse me this people; for they are too mighty for me: peradventure I shall prevail, that we may smite them, and that I may drive them out of the land: for I wot that he whom thou blessest is blessed, and he whom thou cursest is cursed.
And the elders of Moab and the elders of Midian departed with the rewards of divination in their hand; and they came unto Balaam, and spake unto him the words of Balak.
And he said unto them, Lodge here this night, and I will bring you word again, as the LORD shall speak unto me: and the princes of Moab abode with Balaam.
And God came unto Balaam, and said, What men are these with thee?
And Balaam said unto God, Balak the son of Zippor, king of Moab, hath sent unto me, saying,
Behold, there is a people come out of Egypt, which covereth the face of the earth: come now, curse me them; peradventure I shall be able to overcome them, and drive them out.
And God said unto Balaam, Thou shalt not go with them; thou shalt not curse the people: for they are blessed.
And Balaam rose up in the morning, and said unto the princes of Balak, Get you into your land: for the LORD refuseth to give me leave to go with you.
And the princes of Moab rose up, and they went unto Balak, and said, Balaam refuseth to come with us.
And Balak sent yet again princes, more, and more honorable than they.
And they came to Balaam, and said to him, Thus saith Balak the son of Zippor, Let nothing, I pray thee, hinder thee from coming unto me:
For I will promote thee unto very great honor, and I will do whatsoever thou sayest unto me: come therefore, I pray thee, curse me this people.
And Balaam answered and said unto the servants of Balak, If Balak would give me his house full of silver and gold, I cannot go beyond the word of the LORD my God, to do less or more.
Now therefore, I pray you, tarry ye also here this night, that I may know what the LORD will say unto me more.
And God came unto Balaam at night, and said unto him, If the men come to call thee, rise up, and go with them; but yet the word which I shall say unto thee, that shalt thou do.
And Balaam rose up in the morning, and saddled his ass, and went with the princes of Moab.
And God's anger was kindled because he went: and the angel of the LORD stood in the way for an adversary against him. Now he was riding upon his ass, and his two servants were with him.
And the ass saw the angel of the LORD standing in the way, and his sword drawn in his hand: and the ass turned aside out of the way, and went into the field: and Balaam smote the ass, to turn her into the way.
But the angel of the LORD stood in a path of the vineyards, a wall being on this side, and a wall on that side.
And when the ass saw the angel of the LORD, she thrust herself unto the wall, and crushed Balaam's foot against the wall: and he smote her again.
And the angel of the LORD went further, and stood in a narrow place, where was no way to turn either to the right hand or to the left.
And when the ass saw the angel of the LORD, she fell down under Balaam: and Balaam's anger was kindled, and he smote the ass with a staff.
And the LORD opened the mouth of the ass, and she said unto Balaam, What have I done unto thee, that thou hast smitten me these three times?
And Balaam said unto the ass, Because thou hast mocked me: I would there were a sword in mine hand, for now would I kill thee.
And the ass said unto Balaam, Am not I thine ass, upon which thou hast ridden ever since I was thine unto this day? was I ever wont to do so unto thee? And he said, Nay.
Then the LORD opened the eyes of Balaam, and he saw the angel of the LORD standing in the way, and his sword drawn in his hand: and he bowed down his head, and fell flat on his face.
And the angel of the LORD said unto him, Wherefore hast thou smitten thine ass these three times? behold, I went out to withstand thee, because thy way is perverse before me:
And the ass saw me, and turned from me these three times: unless she had turned from me, surely now also I had slain thee, and saved her alive.
And Balaam said unto the angel of the LORD, I have sinned; for I knew not that thou stoodest in the way against me: now therefore, if it displease thee, I will get me back again.
And the angel of the LORD said unto Balaam, Go with the men: but only the word that I shall speak unto thee, that thou shalt speak. So Balaam went with the princes of Balak.
And when Balak heard that Balaam was come, he went out to meet him unto a city of Moab, which is in the border of Arnon, which is in the utmost coast.
And Balak said unto Balaam, Did I not earnestly send unto thee to call thee? wherefore camest thou not unto me? am I not able indeed to promote thee to honor?
And Balaam said unto Balak, Lo, I am come unto thee: have I now any power at all to say any thing? the word that God putteth in my mouth, that shall I speak.
And Balaam went with Balak, and they came unto Kirjathhuzoth.
And Balak offered oxen and sheep, and sent to Balaam, and to the princes that were with him.
And it came to pass on the morrow, that Balak took Balaam, and brought him up into the high places of Baal, that thence he might see the utmost part of the people.
Public Domain Software by www.johnhurt.com


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Thursday, January 9, 2014
What Not to Publish on Your Stupid Wine Blog in 2014
Oh, for God's sake, don't interview your pets. They cough up furballs. They eat their own shit. They lick themselves endlessly. May as well interview Jay McInerney.
Stop calling them "somms." You use that because you're stupid and can't pronounce "sommelier" properly. You also say cute and nauseating words like "peeps." "Hey, those somms are my peeps." Now even Sommelier Journal has been reduced to The Somm Journal. Yeah, that's respectful. Maybe we'll soon have "The New England Journal of Quacks." Sure, bartenders, stinking BARTENDERS, are now "Mixologists," like they have a degree from Harvard in Mixology—the study of Mix—but sommeliers are now the diminutive "somm." Mixologists are just BARTENDERS that put weird fruit in your cocktail and charge you quadruple the price. They're not mixologists, they're fructivores. Let's call them dumb "frucs."
Lists are over. Lists are just lazy ways to kill a post. You haven't posted for a while, you have "writer's block," which is astonishing considering you're about as much a writer as Raj Parr is a winemaker, so you make up a list of your favorite wines, or your favorite wineries, or your favorite lists. No one cares. Believe me, not one single yutz who reads your blog cares about your asinine list. Here's MY list of my favorite wines of 2013:
5. Oh, shit, what was the name of it? I had it in that Italian restaurant, it was made from Aglianico, I think, or Refosco, maybe. Started with an "A." I'll think of it.
4. That wine from the Cabernet tasting we did. You know, with the animal on the label, what was that? It was a natural wine, I remember that. Smelled like that time you had stinkfinger from your cousin Annie.
3. The label was mostly gray, and it was Pinot Noir, either from the Williamette Valley, or could have been New Zealand. For sure, it was 2010.
2. It was some awesome Rhone from Kermit Lynch. Had like a thingie on the bottle. Really good.
1. I could have killed three bottles of this stuff! I mean, Wow. I can see the label, but I can't quite remember. I'll know it when I see it again, I mean, fuck, it was awesome.
See? Stupid. Just stop. Don't be so goddam lazy. Think of something interesting to say.
Let's just be frank. There are no great wines under $15. Stop pretending there are. There are perfectly fine wines under $15, there are wines you can enjoy and be happy you tasted under $15, but there just aren't GREAT wines under $15. Blow me. Stop selling wine short. You criticize Parker for exaggerating, you badmouth Wine Spectator for inflating scores, and then you write about GREAT wines under $15. Shut the hell up.
We know Steve Matthiasson is a great winemaker. You're the 150th person this year to tell us that. Wow! How insightful. Can't wait to read that.
There's nothing left to say about social media. Nothing. There wasn't shit to begin with, now there's nothing. It doesn't sell wine, it sells social media. What isn't social media? Telephones sell more fucking wine than social media. Oh, but phones are social media, right?! If it sells wine, chumps, it's social media; if it's social media, it sells wine. It's the classic huckster logic. Stop talking about it. No one cares. Wineries really don't care. Wineries that can't sell wine have one problem—they make crappy wine. When social media makes better wine, let me know. Otherwise, bite me.
They're just dogs. That they live at a winery, what kind of idiot cares about that? Post pictures of service dogs. They help blind people, and veterans with PTSD (not "vets," OK, they deserve respect, like SOMMELIERS!). Winery dogs? Glorified door mats.
Terroir. Stop trying to figure it out. You can't. Terroir in wine is like a soul in humans. You look for it every time, but, most of the time, it ain't there. And, honestly, no one believes you when you say a wine has terroir anyway. First of all, you pronounce it as stupidly as you do sommelier. And second of all, you say things like, "Oh, that's the terroir talking," like that means something. There must be 20 billion microclimates in the wine world. One assumes they all have terroir. So who gives a crap? Oh, but this guy knows how to express the terroir! Maybe to you, blowhard. The guy next door to him thinks his wine sucks. I just don't care. I want the wine to taste good, I don't need it to slip me its address.
Stop posting pictures from your glamorous wine junkets. You suck at photography, and I didn't come here to look at your adolescent scrap book. Plus, who are those dumpy people you're with? For the most part, your colleagues have the doughy complexion of the overdrinking endomorphs they are. Leave that crap on FaceBook where no one will see it.
Just stop spouting your usual mindless blather in 2014. You know you're doing it when you do it. Promise yourself you'll stop. You'd be doing us all a favor. Truly. We're all just laughing at you.
47 comments:
- Bob Henry said...
Stop pulling your punches.
Gawd damnit man, tell us what you r-e-a-l-l-y think!
~~ Bob
- January 9, 2014 at 9:39 AM
- wine man boy said...
Ron, we knead moor peepole lick you. On 2nd thot, know, one is enuff.
- January 9, 2014 at 9:55 AM
- Jim said...
God Bless you my son.
- January 9, 2014 at 10:06 AM
- renzo said...
I love humanity... It's the people I can't stand!
Please carry on as you are offering an invaluable public service. It may not alter the behavior of the offending scribes. But it sure has as a palliative effect. Amaro isn't just a digestivo anymore.
- January 9, 2014 at 10:08 AM
- Unknown said...
I love a good rant. Thanks for the passion and wit. Thanks also for the declarative "no great wines at $15" bit; I used way too many words twice this week in defense of some pricier wines, when this was all that needed to be said.
- January 9, 2014 at 10:26 AM
- Unknown said...
stink finger with your cousin Annie, nasty snicker there.. no more talking about terroir and doughy pictures... what would Hawkawakawakawaka talk about... oh, Mutineer says she's an up and cumer don't ya know.. she's told us three times.. Jeesssus, if that's good wine writing we're really in trouble.. another one of her eyeglazers about terroir and some doughy pics...
- January 9, 2014 at 10:32 AM
- Samantha Dugan said...
Ron My Love,
Damn, you're sexy when you're mad. Well I have gone over your list here and I don't think I've done any of these so, thanks for the ideas baby!
As with most of your posts there is absolute comedy and rooted in absolute truth. Thanks for being the one to say it.
I love you!
- January 9, 2014 at 10:33 AM
- Sarah Eustis said...
Best line "but there just aren't GREAT wines under $15. Blow me."
Laughing out loud in some random place I shouldn't be laughing out loud.
- January 9, 2014 at 10:41 AM
- Unknown said...
The perfect blend of rant and satire, with a slight bend towards the former.
- January 9, 2014 at 10:45 AM
- Unknown said...
You are one seriously funny fruc! I had more to say but just hit writer's block.
- Just another diminutive M somm
- January 9, 2014 at 11:05 AM
- The Sommeliere said...
For once I am speechless (ask my husband how often THAT happens). But you have clinched it all in one succinct entry.
Thank you, dearest Ron!
- January 9, 2014 at 11:22 AM
- Thomas said...
I am so glad to be with you on your wine "journey."
Terrific rant.
- January 9, 2014 at 11:58 AM
- Wineguy999 said...
Hear, hear!
Carry on.
- January 9, 2014 at 1:32 PM
- Holly said...
I don't have time to read this shit, I don't have time to read this shit, I gotta read this shit, oh shit I read this shit, it made me sooooooooooooooooooooo (I hate people who write "sooooooooo") made me sooooooooooo (hate)
Da man. Ron. You. Da. Man.
- January 9, 2014 at 1:45 PM
- Steve Lay said...
Mr. Ron, you got over aerated I think. On taerroirs, I did find a distinct terroir once in Sonoma and it had a half moon on the enterance to the terroir. It had its own climate, defined area, seemed to me to have its own defined boundaries.
Ron, you got some big grapes to take on the likes of...well you know them. When I grow up I want to be just like you--fearless.
- January 9, 2014 at 1:51 PM
- Joe Roberts said...
Awesome. Would've been funnier if you'd linked to examples within the prose... :-)
- January 9, 2014 at 3:36 PM
- Samantha Dugan said...
Good Gawd man, do have any idea what you're asking for? This post would look like a Bob Henry comment on STEVE! (Wink in Mr. Henry's direction)
- January 9, 2014 at 4:14 PM
- Thomas said...
Does Bob Henry comment on STEVE!?
Now I feel like I am missing something in my life.
- January 9, 2014 at 4:32 PM
- Unknown said...
and what about maitre d'h instead of maitre d'hotel...ok i m french...
- January 9, 2014 at 4:36 PM
- Charlie Olken said...
I just thought of ten things I liked about this rant, and now I am afraid to list them.
Probably some stuff about dogs and somms and Raj, or was it cheap wines?
Hey, my neighbors think that there are great wines for $15. Of course, that is because they never drink anything more expensive than that except when I bring it over.
I did somehow convert one of them, and now he thinks Gary Farrell walks on water. He apparently has not discovered Tom Dehlinger or Bob Cabral yet. That is because those latter guys don't make anything for $15 and damn little for $50.
I wish I had something to say about social media.
As for terroir, can you help me find it? My Mexican lime tree does not like the side yard.
Oh, and nicely done. This was worth waiting weeks for you to come back to us.
- January 9, 2014 at 5:03 PM
- Ron Washam, HMW said...
Hey Gang,
First of all, to everyone new here in the common tater department--welcome! Don't be shy. I usually answer most comments directly, but I've been gone all day today and came home to this deluge.
I try to avoid writing about bloggers because it always sounds like one is trolling for comments. I don't ever do that, yet pieces about bloggers always generate this kind of response. Where thoughtful pieces get few. And so it goes...
I took a hiatus from HoseMaster of Wine over the holidays because I began to get really angry with the embarrassingly low quality of the work on wine blogs. Not sad, not resigned--pissed off. I needed a break. It seems people want to be taken seriously as "wine critics," wine people, on the basis of truly shitty work. Dull, lifeless, repetitive, mindless, insipid, derivative, stupid crap--it fills the blogosphere. More voices don't make for a better wine world, just a noisier one.
Now, lest anyone think otherwise, I often include myself in that category. Too often my work is stupid. But, as therapy, I wanted to let it fly, in the way of an angry satirist, and get all of this off my metaphorical, HoseMaster chest. I'm pretty sure we all know who I'm talking about when I write about these bloggers. 1WineDoody, if you want links, man, just read every link for a week on Terroirist. It will make you weep.
Thanks for all the support and comments. I'm not da Man. Just a guy who loves writing, and wine, and is offended by any example of either that is a waste of my time.
- January 9, 2014 at 5:05 PM
- Thomas said...
Mort Sahl without the profanity...and of course, just a little less cerebral, and...oh crap. Maybe more like Mort Bruce.
- January 9, 2014 at 5:30 PM
Was Dan LeBatard trolling for comments when he gave is Hall of Fame ballot to Deadspin?
- January 9, 2014 at 5:43 PM
- Ron Washam, HMW said...
More like Morte Bruce.
I had to look up who he is. How does he get a Hall of Fame ballot and I don't?
So, yeah, he's trolling for fame and publicity. By my count, his 15 minutes are up.
- January 9, 2014 at 5:51 PM
- enobytes said...
Bravo Hosey, BRAVO!
Now about that telephone comment....
We'll have to teach the young'ns how to use that phone thingy! #itiscoolertotextandfacebook
- January 9, 2014 at 7:14 PM
- Beau said...
Thank you, Hosemaster.
- January 9, 2014 at 8:58 PM
- Ron Washam, HMW said...
Hi Pam,
Thanks. I'm always confused about what qualifies as "social media." Sounds redundant to me. But those who sell their expertise in social media rely on the dinosaur, tech-stupid Baby Boomers to pay their salaries. And lying to dinosaurs is fine, as long as it's not Barney.
OK, you're welcome.
- January 10, 2014 at 7:52 AM
- larry said...
you forgot to mention the damn Unicorn wine. Unicorns are not real except to 3 year old girls and there is no damn wine made for, by or from Unicorns!
- January 10, 2014 at 8:19 AM
- Fabio said...
Happy New Year you all!
dammit, i'm going to have to re-write my latest post that I was just about to upload to my blog, as it contains a really tiny, minute, short list (just 4 items) of the really fascinating and interesting tasks that I have to do at my bodega this year :)
- January 10, 2014 at 8:39 AM
- Ron Washam, HMW said...
Good call. As I wrote earlier, this piece could easily have been twice as long, but a rant that long would be very tiresome.
"Unicorn wines" is probably an appropriate name given that most of those jackasses that brag about tasting them were probably drinking fakes and didn't know it. I know hundreds of people who've had '47 Cheval Blanc, but don't believe in unicorns. Like there's a difference.
Oh, don't let me stop you from posting such a fascinating list! I'm guessing #1 is, "Sprinkle native yeast in the vineyards to make natural wine."
- January 10, 2014 at 12:37 PM
- Unknown said...
I thought lists were over but this is a pretty good list.
- January 11, 2014 at 10:55 AM
- Ron Washam, HMW said...
Wait till I interview my gerbil.
- January 11, 2014 at 11:45 AM
- Samantha Dugan said...
Interviewing your gerbil? Now that sounds hawt...
- January 11, 2014 at 11:47 AM
- Jeff (Good Grape) said...
Can I hit the "like" button? Where is it? Comments are so 2008. Good stuff, Ron.
- January 11, 2014 at 6:42 PM
- Ron Washam, HMW said...
What, still reading wine blogs? Man, get help.
Thanks, Jeff, for chiming in. Good stuff or not, I needed to say it. It's only gotten worse since you retired, Goofy Grape, and that's sayin' somethin'.
- January 11, 2014 at 8:19 PM
- Unknown said...
Great rant...thanks - loved it!!
- January 12, 2014 at 7:32 AM
- G-Man 1868 said...
I happened upon this and thought it appropriate to your most recent blog entry. https://i.chzbgr.com/maxW500/7997291264/h3F883AEF/
- January 12, 2014 at 8:06 PM
- renzo said...
So the consensus has it that you've been pigeonholed as a "ranter" in this post. I guess that beats curmudgeonly truth-teller! It probably makes it easier for commenters than facing their own shortcomings. If we didn't read theses damn wine blogs we wouldn't be so revved-up by your righteous and spot on assessments. Much like we often hope to find more than "just wine" in every sip we take... we keep going back to these damn blog posts (not yours, of course) hoping that there will be something more and different... And yet...
- January 13, 2014 at 5:49 AM
- Ron Washam, HMW said...
Our current culture loves shorthand. It's the era of Twitter and FaceBook. So anything funny that is satirical is a "rant," and anyone older than Jimmy Fallon is a curmudgeon. Just as I don't participate on Twitter, and don't have a FaceBook page, or Instagram, or Snapchat, I tune out those worthless analyses.
I often wonder what sort of loneliness drives people to read the most dreadful wine blogs. Do we read them to feel superior? Or, as you say, do we read them with the unjustifiable optimism that they might have something original or interesting to say?
I hate that a post of mine about blogging is so popular. Today's, a fairy tale, will not be. All the folks who comment here, will dismiss it. Maybe smile, maybe not, but dismiss it they will. If I write a satirical piece again about wine bloggers they'll all leap back in. FaceBook, Twitter, Instagram, Wine Blogs--we all love a good circle jerk.
- January 13, 2014 at 8:19 AM
- Unknown said...
Love the comments about pronouncing 'sommelier'. Some clients recently got 'sommelier' and 'Somalia' confused. I could not resist, so I carried on explaining that most intelligent wine people were African pirates. Sometimes this business can be fun.
- January 13, 2014 at 10:16 AM
- Unknown said...
I don't know what I like more: the piece itself or the ire it has aroused in people who hate to see anyone poke fun at the Holy Church Of Wine Bloggery. Please don't stop, Ron. But do go and get yourself cloned as soon as possible. The wine world needs a lot more pomposity-puncturers like you.
- January 13, 2014 at 1:19 PM
- Ron Washam, HMW said...
Hello, my friend, and thanks for your thoughts.
There are a lot of self-serving folks in the wine blog world who imagine what they say and write carries actual weight. It doesn't. And not only that, their work is subpar, thoughtless, derivative and about as interesting as reading the diary of an orangutan.
I don't often have the urge to have the HoseMaster be as angry as he is in this piece. But if it makes even a few bloggers rethink the stupidity of their ways, it's worth it. And, of course, it's supposed to be funny.
- January 13, 2014 at 1:45 PM
- WineOhTV said...
You are hilarious!
- January 15, 2014 at 4:28 PM
- Ron Washam, HMW said...
Ain't I just?...
- January 15, 2014 at 4:49 PM
- Sally - My Custard Pie said...
Glad to have found your blog due to all the fuss about this post (via The Wine Kat post). Wine writing needs more satire.
Chuckled all the way through but finally laughed out loud at the comment about Sommeliers and Somalians - thanks Hamish.
Probably fall into the category that you're having a go at :)
- January 20, 2014 at 8:37 PM
- Ron Washam, HMW said...
Hello Sally,
Nice that you've finally stumbled into my little dark place on the Intergnats. This piece did generate something of a kerfuffle on Twitter, and elsewhere, which was a surprise to me. Folks want satire, but not about themselves. A lot of "wine writers" felt the piece was too angry, or not funny, or invalid. I don't write for those dullards. I write about those dullards. I'm, frankly, honored they didn't like the piece.
I'm pretty sure you might be the first person from Dubai to comment here. Cool.
- January 21, 2014 at 8:31 AM
- Unknown said...
I don't know whether to say, "God bless you" or" Stop being such an ass." People post what they post, and they enjoy it. If you don't, go somewhere else. And since whether one truly loves a wine is quite personal, stop trying to tell other what there is or isn't in respect of wine. Say YOU liked it, and why, but don't reject others for feeling differently. No one thinks Boone's Farm is good wine (or even wine!) but if someone tastes a sub-$15 wine and thinks is is great, STFU! As you all probably have, I've tasted $300 bottles of wine from "famous" wineries that were average at best, and embarassments as worst. Comment as you like, but can the negatives about others' choices, as there is no more certain way to look like a foppish ass than doing this.
- January 10, 2015 at 8:31 AM


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The Iris Nebula, NGC 7023 or Caldwel 4, includes an open star cluster and its associated reflection nebula, surrounded by dark absorption nebulosity. These images were taken the mornings of 2022-06-01 and 2022-06-02 from just NW of Flagstaff, Arizona. The nebula is about 3 light years in diameter and 1300 ly distant. A total exposure of 225 minutes taken as 45 five minute exposure. Photographed with a with a William Optics RedCat 250/51mm telescope, Baader UV/IR cut filter, ZWO ASI 533 MC camera, SkyWatcher AZ-EQ5 mount, and ASI electronic auto focus and guide camera. All were controlled with a ZWO ASIAir Plus Controller. Proess in PixInsight with *XTerminator and GHS plugins with final exposure and crop in Photoshop.
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03 Earthshine on the Waxing Crescent Moon
04 Crescent Moon with earthshine
12 Waxing Gibbous Moon 160321 stills with silent shutter
13 Christmas Eve nearly full Moon
14 Merry Christmas (La Befana) Full Moon
16 Waning Gibbous Moon the Terminator is Back!
22 Moon Waning Crescent 140818
23 Waning Crescent Moon with Earthshine
25 Moon Waning Crescent with Earthshine
27 Moon Thin Waning Crescent 140823
28 Old Crescent Moon in the Sun's last grasp 140725
2017 Great American Eclipse Revisited, put a ring on it
Jet gets a close view of Solar Eclipse
Conjunction of Jupiter, Venus, & Mercury
Mercury & the Moon with Earthshine
Conjunction of Venus and Jupiter
Conjunction of Jupiter and Venus
Jupiter with Ganymede and its shadow
Jupiter with Ganymede Io(transiting) & Europa
Earthshine on a waxing crescent Moon
Summer Solstice Full Moon from Austin
Clavius Tycho Moretus region of the Moon
Copernicus in the early morning
Clavius and the Southern Highlands of the Moon
January Earthshine Crescent Moon
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April Fools' eve Moon with earthshine
Mars just before 2020 opposition
Mars before opposition May 2016 - Revisited
Mars with Syrtis Major in view
Jupiter and the Galilean Moons
Jupiter imaged with a Raspberry Pi Camera
Saturn with five moons 2016-06-09
Saturn with five moons 2016-06-18
Jupiter transited by Io & its shadow - Revisited
Jupiter at opposition 2017 - Revisited
Sweet Home Alabama Jupiter with Io transit & Europa
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ford Everest vinyl graphics
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2 Decals, one left side, and right side. Pre-transfer, ready to apply.
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Stone And Bug Deflector 50167 - WeatherTech 50167 - Dark Smoke
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Borderlands 3 - Moze (254) Figpin Enamel Pin
Cast zinc alloy inlaid with hard synthetic color enamel.
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Stands up on a patented FiGPiN soft rubber backer.
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Syrian Troops Continue Crushing Offensive In Homs
Now to a city under siege in Syria. Syrian rebels are retreating from their stronghold of Homs today. They claim the move is a tactical one. They're running out of weapons. They also said they wanted to protect the people there from more death and destruction at the hands of the Syrian military, which has been bombarding Homs for weeks. Yesterday, Secretary of State Hillary Clinton said Syria's president fits the definition of a war criminal. But neither tough talk from the West nor the U.N.'s appointment of a peace envoy, former Secretary General Kofi Annan, has done anything to stop the killing.
NPR's Kelly McEvers is following events in Syria from Beirut. Kelly, good morning.
KELLY MCEVERS, BYLINE: Good morning.
MONTAGNE: Have you been able to reach people who are in Homs or the neighborhoods there?
MCEVERS: Well, this is the thing, Renee. For nearly a year of the Syrian uprising, a network of activists and citizen journalists have done everything they can to get the information out to us journalists who cannot reach these areas of Syria, mainly because the Syrian government won't allow us in.
Yesterday, for the first time in a year, most of these contacts inside the Baba-Amr neighborhood of Homs went dark. I have to say it was very chilling to see those Skype contacts disappear, to hear those phone calls go unanswered. And for the first time ever, the human rights groups who always provide the numbers of dead and injured basically threw up their hands and said we don't know what's going on.
What we can tell you is that activists in other neighborhoods of Homs said that the neighborhood of Baba-Amr - this is the neighborhood that is the most fierce in its resistance to the government - was surrounded on four sides by a special unit of the Syrian Army that's most loyal to the regime, and that the few fighters inside the neighborhood were trying to hold the neighborhood, were fighting back, but there's no question that they're completely outnumbered. There's a few hundred rebels in the neighborhood up against what could be thousands of Syrian troops.
MONTAGNE: We have reached people in that neighborhood over the last weeks of Baba-Amr, but remind us why it is such a target.
MCEVERS: Well, Baba-Amr in some ways is like the Benghazi of Syria, Benghazi of course being the rebel stronghold in Libya when that country was fighting against Moammar Gadhafi. Baba-Amr is the place that has seen the most fierce resistance to the Syrian regime throughout the uprising.
Early on in the uprising it saw protests, every day, despite the fact that protesters were getting shot, detained, tortured, killed. Then it was the first place that really saw an armed resistance. At first it was civilians picking up guns to protect these protesters. Then you saw defectors from the army joining with these ranks. And at some point these rebels basically held Baba-Amr. If you ask people in Baba-Amr, this was free Syria, according to them.
They held territory. Now, when we say territory, we're talking about a town of basically 28,000 people, about the same size as my home town in Illinois. But they did hold it. And so at some point, about a month ago, it appears the government made the decision that it was going to crush Baba-Amr. And now it looks like the ground offensive to finish Baba-Amr, as one Syrian official claimed, is underway.
MONTAGNE: And just finally, Kelly, there seem to be Western journalists still trapped inside the city of Homs. What is happening with them?
MCEVERS: Right. So six Western journalists had managed to sneak into Baba-Amr in recent weeks at great risk. Two of them were killed last week when a rocket hit a makeshift media center. Two now have managed to escape. One escaped just yesterday. But another two, a French woman and her colleague, are still thought to be trapped inside Homs.
MONTAGNE: Kelly, thanks very much.
MCEVERS: You're welcome.
MONTAGNE: NPR's Kelly McEvers joined us from Beirut. Transcript provided by NPR, Copyright NPR.


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Google's smart TV software platform, Google TV, is poised for its first significant overall since it launched in Logitech and Sony hardware a year ago. Via over-the-air updates that should begin streaming to hardware devices on October 30, Google TV users will find new TV-optimized Android Apps, an improved YouTube experience, and new features that provide easy, direct discovery of TV and movie content.
All this Googly goodness is wrapped up in a new user interface that aims to simplify a challenging information design — a design that's left many Google TV customers with a persistent sense of yuck.
An Inauspicious Debut
When Google TV launched, it was supposed to seamlessly co-mingle "live TV" (read: broadcast, satellite and cable) with streaming video services like YouTube, Netflix, and Amazon Video On Demand. You could also use your Google TV software to search the web, and even access digital content from your home network or attached storage.
In theory: Fantastic. In practice: Difficult to use.
Whether you were running a Google TV set-top box manufactured by Logitech or Sony, or directly tapping into the Google TV software installed in various Sony TVs, you were faced with a series of menus that defied easy access and discovery of the content you actually wanted to see. And it's also possible you bought your Google TV in the mistaken belief that it's a "cord-cutting" platform — that it would allow you to nix your cable or satellite service, and instead watch your favorite TV shows via direct Internet streaming.
After all, the TV networks stream full TV episodes directly from their websites. So Google TV must be the perfect delivery system for that content, right?
No, not so fast. The networks summarily blocked their online content from appearing on Google TV, giving a large subset of early adopters one more reason to kvetch about a hardware purchase they wished they never made.
Well, all dreams of cord-cutting should be put to rest. As Rishi Chandra, director of product management, Google TV, told me, "There was a perception that we were a cord-cutting product, and that's something that we didn't do enough to dispel. Our point of view is that there's new content coming, content that you just haven't been able to access with your TV. Now we're bringing that content, and adding the discovery experience on top of it."
So, no, Google TV can't be your all-in-one, zero-compromises, Internet-only video delivery system. But what it can do well — namely, deliver YouTube, Netflix and other web-based video to your HDTV — is about to get better. I recently traveled to Google's headquarters for a hands-on demo of the new software, and what I saw is a substantial improvement over Google existing (however compromised) status quo.
Here are four key improvements you'll see in the next version of Google TV. (Sony hardware devices will begin receiving over-the-air updates on Sunday, with Sony updates continuing through the middle of next week. Over-the-air updates for Logitech hardware will begin shortly thereafter.)
Improved User Interface
The first version of Google TV included a home screen that dominated your TV display whenever you summoned its presence. This original home screen, littered with gigantic thumbnails, was obtrusive by any measure.
The new home screen, however, is defined by a simple menu bar at the bottom of your display (see screenshot above). It's clean, simple, and simply more fashion-forward than its predecessor. Likewise, the new Google TV software features a revised view of your All Apps menu. The old view listed apps in a long, single-file list arrangement. The new view (see screenshot below) mimics an Android Honeycomb tablet interface. Apps are arranged in rows of four, and the arrangement is customizable.
These may not seem like big changes — unless you're already using Google TV, and have spent the last year coping with a cluttered, "something's sort of 'off' here" U.I . From what I saw in my hands-on demo, various key interface elements have been tweaked and finessed to do away with Google TV's previously horsey (or at least user-antagonistic) design sensibility.
TV and Movie Discovery
The original version of Google TV had all the necessary hooks into TV and movie content. It could catalog everything that was available from your cable or satellite provider, and also sort through all the content that was available from Internet-based video-on-demand sources (or at least the ones that weren't blocking content). But actually finding the right content to watch was still quite difficult.
Sure, you could hit the search button of your Google TV remote, and key in an appropriate search term. But the results you received were anything but Googly in their depth and relevance, and weren't aggregated across all of Google TV's content sources.
This has been addressed in the new update. First, search results are now more comprehensive and detailed. Second, there's a new TV & Movies app that lets you intuitively browse for high-end video content, using a full slate of filters to narrow choices pulled from cable and satellite, as well as YouTube, Netflix, Amazon, HBO GO and other premium online sources.
When you browse content in the new app, you can head straight to various thematic headings (e.g., comedy, drama, sports) to window shop for a video that suits your fancy. You can also sort by video quality, price, and according to when a video is playing (e.g., "On Now"). And these are just the low-hanging fruit of more civilized content-surfacing. Chandra says that if users opt-in, Google TV will also create browsing choices that respond to personal preferences.
And, wait, it gets more clever than that. Says Chandra: "Once you open up this canvas to other tools available on the web, we can ask, 'What are people tweeting about right now? What are people watching right now?' There are all these different dimensions that can help us reorganize what we're watching."
OK, I'm not sure I want my friends — let alone the great unwashed Internet masses — nudging me toward the last 15 minutes of Bridalplasty. But I'm still heartened to learn that Google thinks a content-surfacing tool for Bridalplasty is an interesting thing to build.
Vastly Improved YouTube
In the grand scheme of all the hardware you may ever connect to your TV, Google TV has always delivered an excellent YouTube experience. Its YouTube functionality is better than what you'll get from so-called "home theater PCs," Blu-ray players equipped with YouTube apps, and YouTube apps built directly into the "connected TV" services of the latest HDTVs.
In fact, for its YouTube and Netflix features alone, I think Google TV — even the first version of the platform — is a smart purchase for anyone who can't already get these content streams from existing living room hardware. After all, Logitech's Google TV set-top box, the Revue, costs only $99.
And now a much-improved YouTube app makes Google TV even better. That's good news for YouTube junkies, and there must be a few out there as Google says YouTube boasts 800 million monthly viewers.
Google TV's new YouTube app is, at its heart, a TV-optimized Android app that's been fine-tuned for speedy video delivery and a 10-foot user interface. During my demo, I was astounded by how quickly videos loaded. Load times were so quick, in fact, I asked Chandra if popular videos were sitting in ultra-speedy cache on Google servers.
No, Chandra said. The fast load times were solely the result of software optimizations. Google focused on improving how quickly the YouTube app pings its servers, leveraging all the software optimization tricks that Google deployed for YouTube in mobile devices. (Indeed, YouTube on phones and tablets must already copy with low-bandwidth, high-latency connections, so optimization has always been key to an Android YouTube strategy).
When all was said and done, Chandra said, Google wanted Google TV to flip between videos as fast a satellite box flips between channels. We'll see how this plays out during hands-on testing, but the load times we saw at Google HQ impressed us, to be sure.
Also impressive: Viewing full-screen, professionally produced, HD video on the YouTube app. I was wowed by the clarity and definition of HD content, and for the first time, I really wanted to find more YouTube video to check out.
Well, the new app makes this easier thanks to a channel-building feature that creates custom videos playlists on the fly. Just enter a term into the YouTube app's search field, and it will spit out a thematic selection of videos that you can peruse at top speed, "pivoting," as Google likes to describe it, from one video to the next. The screenshot above illustrates a search for "Katy Perry."
Bottom line: If you've ever used YouTube's "Lean Back" mode on your computer desktop, you'll have a pretty good idea of what YouTube now brings to Google TV.
Except the Google TV delivery seems faster.
A New Home For Android Apps
In the most significant Google TV update of all, Android Apps now have a home on your big-screen TV.
Obviously, not all the apps in Android Market would even work for TV-screen deployment. For example, those that reply on touch gestures or GPS just wouldn't make sense for Google TV (at least not as the platform is currently deployed). But Chandra estimates some 1,500 existing apps are already Google TV-compatible, and these will appear in the "filtered" version of Android Market that appears in the new software interface.
The real app gems, however, will be found in Google TV's "Featured For TV" section. These apps — 30 should be available at launch — have been expressly developed for big-screen deployment, and Google TV's unique talents.
Sure, one app I saw demoed is nothing more than a wrapper for an HD yule-log video (see Classy Fireplace in the screenshot above). But others are game apps (yes, Google TV is now a tenable platform for casual games), and the best apps will likely be the ones that deliver premium video content.
It's quite ingenious: Google TV's new Android initiative allows video-savvy media companies to do an end-run around licensing and distribution deals with the cable and satellite networks. Whether your media company is an indie upstart or a blue-chip heavyweight, this holds promise.
Take, for example, the Wall Street Journal. "They're a premium brand," says Chandra, "and they have great content, but they don't want to build a 24-7 news cycle. They don't want to negotiate deals to get content on the air, and they don't want to pay to get access to users. So what do they do? They build an app."
The possibilities: Dizzying. The proof: It remains in the pudding.
But as Mario Queiroz, Google's vice president of product management, told me, Google considers Google TV to be a marathon project, not a sprint.
"We ask, 'How can we make the product better?' instead of belaboring what's being said," Queiroz said. "We've tried to take what we could use constructively, and build a better product with version 2. As a Google mantra, we always launch early and iterate."
And iterate they will. Google will soon announce new chipset partners for brand new Google TV hardware in 2012 (Samsung and Vizio are already on board). So, no, the story of Google TV does not begin and end with a single software version, or just a small collection of set-top boxes and TVs from Sony and Logitech.
Google TV is real and its ambition levels remain high. Stay tuned for hands-on reviews of the new version software and upcoming Google TV hardware.


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Mercury Search and Selection are leading print, packaging and recycling recruitment specialists, and if you would like to get in touch with us about possible recruitment opportunities or just for a chat, give us a call on 01244 572172, or use the websites contact form.


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Typically ships in 3-4 Business Days
- Recycled fire glass for fire pits
- 1/2"-3/4" diameter
- Chestnut color
- Product weight 10 lbs
- 20 lbs are recommended for most fire pits
* Shipping Type: Free Parcel
Cancellation and Return Policy
Last Updated: March 01, 2021
- GOODDEGG has a FREE REPLACEMENT POLICY for any wrong order delivery, subject to stock availability of replacement product. If a wrong delivery is made, and a replacement product is out of stock, the customer will be refunded in full within 45 days from written confirmation of wrong order delivery. The customer is required to report claim of wrong delivery along with photos of the product delivered and sent to email@example.com.
- GOODDEGG has a FREE RPLACEMENT POLICY for damaged goods delivery. The customer is required to report claim on damage goods delivered within 24 hours from receiving delivery. The claim must contain photos of original packaging and damaged component and sent to firstname.lastname@example.com
- GOODDEGG has a NO QUESTION ASKED return policy. The products need to be undamaged, unopened, intact in original packing. A 30% restocking fee + Transportation LTL Cost is required to be paid in advance for any return. GOODDEGG will not accept any return request after 7 days from the date of delivery.
- Considering prevailing COVID 19 situation, increasing logistical challenges and supply chain disruptions, all sales are marked as final sale. Once an order has been placed it cannot be cancelled and/or changed by customer.
FREE Shipping and Delivery Information
Last Updated: July 1st, 2022
GOODDEGG Free Shipping zone Contiguous (Lower 48) United States (Except Alaska & Hawaii).
Shipping Methods:
- Large Package Items ship with LTL Truck Carriers
- Typical LTL delivery is Residential LTL and Carrier will call to set delivery appointment 24 hours in advance. Customer must be at delivery to receive and inspect the cartons and take Ownership at Curbside of ship to address.
- DO NOT SIGN the Bill of Lading until you have inspected the item. Also, please do NOT wait to inspect the item (e.g. you are storing your furniture or you are waiting on completion of a home improvement project.
- By signing for your delivery without noting the problem with your shipment on the delivery paperwork, you affirm your item was delivered to you with no damage or defect.
- All damage must be noted at time of delivery and clearly noted on any Carrier Paperwork prior to accepting the shipment. Photos of the items and the packaging is required for any damage claims. Specifically one Image of the Carrier Paperwork, One photo of intact carton showing the damage, and one of the entire product damaged (for Identification of piece) and close up of specific damage.
- Small Package Items ship Parcel – via UPS, USPS, and FEDEX
- All packages must be inspected and any damage of product reported to GOODDEGG within 24 hours. Processing of Claims may be handled by Carrier directly. Photos of the items and the packaging is required for any damage claims.
GOODDEGG General Warranty
Gooddegg General Warranty:
Gooddegg products are handmade and may have product to product variations. We warrant that they are free from manufacturing defects as of the date of purchase. 1 year manufacturer warranty on powder coated aluminum frame, wicker, 6 Months for foam, cushions and fabric.
Notes: Cushions foam and fabric covers are weather resistant, but aren't stain proof, waterproof or to remain on wet areas for extended periods of time. Dark & Bright fabric colors may fade depending on extended exposure to sunlight. Acts of Nature, any damage after initial setup or improper usage voids all warranties. In the rare event that you have a problem with your item please contact us at email@example.com or Connect with us using Live Chat
Please Note that Manufacturer Warranties may be slightly different and supersede the GOODDEGG General Warranty.


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Penn State's negotiator for civil claims involving former assistant football coach Jerry Sandusky said Friday the school has been in talks with 28 people and settlement discussions with some claimants could soon produce results.
Mourners Honor Paterno, 1 Year After Death
The number of claimants is 18 more than were involved in Sandusky's criminal case this summer, when eight young men testified they were assaulted by Sandusky. Prosecutors were not able to identify two victims.
Ken Feinberg told The Associated Press that the talks have gone well and he is hopeful they will yield settlements in the coming weeks.
No one has pulled out of the negotiations, and he said a realistic timetable for settlements is "the near future. I think the process will be successful, yes I do.''
Harrisburg attorney Ben Andreozzi, who represents multiple claimants in the talks, said there was "still some ground that needs to be made up.''
Breaking news and the stories that matter to your neighborhood.
"I wouldn't say I'm quite as optimistic as he is,'' Andreozzi said. "I do think it's been a positive process and both parties are acting in good faith so far. I would say I'm cautiously optimistic.''
Lawyer Joel Feller, who represents several other claimants, said the discussions he's had so far have been "productive.''
"We are getting close to the point to determine whether the cases can or cannot be settled,'' Feller said.
Feinberg said the 28 claims are being handled on an accelerated basis now that the holidays are over.
"This is not a group settlement,'' he said. "We're looking at each individual claim.''
Based on other cases, some of the factors that can go into putting a value on a child sexual abuse claim are the age of the victim, the length of time the child was abused, the types of acts involved, where they took place and evidence it has affected them.
Sandusky's November 2011 arrest immediately touched off a massive scandal that cost Hall of Fame coach Joe Paterno his job, as well as the university president. Former school President Graham Spanier and two other top administrators currently face charges they covered up allegations involving Sandusky to protect the university's reputation. They maintain their innocence.
Penn State announced in September it was bringing in Feinberg, who helped resolve claims from the Sept. 11 terror attacks, the BP oil spill in the Gulf of Mexico and the Virginia Tech massacre.
The university said after Sandusky's guilty verdict in June on 45 counts that it wanted to "privately, expeditiously and fairly'' settle with victims of the former assistant football coach. In some cases, the victims have filed lawsuits.
Sandusky is serving a 30- to 60-year state prison sentence. Sandusky maintains he is innocent and is pursuing appeals. Most recently, he was in court for argument on post-sentencing motions, including a claim his lawyers lacked sufficient time to prepare for trial, and a ruling from the trial judge is pending.