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(UPDATE) TVNZ Follows China with Wendy Petrie censorship

A picture of said fist pump

I wasn't going to post the Wendy Petrie (dish?) Youtube clip where she punches the air after David Bain trial coverage , just like the synapses in her little blond head are doubtless doing the same, until TVNZ got all high and mighty about it because they wanted the clip removed.

This was apparently due to the fact that it harmed the State broadcasters "image" - they mean the image of a left leaning muck-raker that spoon feeds its viewers with opinion dressed as fact.

So here for your enjoyment is the offending clip. It is not viewable from the Youtube website which says the clip "cannot be view from your country" because TVNZ have come down on them.

Guess they cant report on China doing the same with the internet?

Doesn't Wendy's hair look great though?!

c Political Animal 2009

Stock of the Week: Contact Energy Ltd

In this Stock of the Week I am going to look at the electricity generator and retailer Contact Energy Ltd [CEN.NZ]

The company has had short-term profit speed bumps, with another profit downgrade out today, but long-term the company will continue to grow its profit.

A part of a quadopoly, its generation assets alone should put it in anyone's bottom draw. Its attractiveness in today's turbulent stockmarket background made it one of my picks back at the end of last year and the solid nature of its profit, during an economic downturn and in better times should make it the backbone of anyone's portfolio.

There is another good reason to own the stock, especially if you have a short financial attention span. Origin Energy, Contact's majority owner, is likely to make another play at getting control of the whole company. Origin would have to pay close to double today's market capitalisation.

Beware though, there are drawbacks to owning shares in the company-the management, inside Contact and those that hold the purse strings at big daddy Origin are awful managers of this asset.

Yes a monkey could run an electricity company and that is exactly what you get with these guys but they will always make money under good and poor management.

Good luck!

Disclosure - looking at buying

Stock of the Week Series

The Warehouse Group
Fisher & Paykel Appliances

Contact @ Share Investor Blog

MarketWatch: Contact Energy - June 2009
MarketWatch: Contact Energy - Jan 2009
Contact Energy looks bright during dark times
Share Investor's 2009 Stock Picks
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c Share Investor 2009

MarketWatch: Contact Energy

Contact Energy Ltd [CEN.NZ] have come out with a profit warning this morning, lower than guidance made by the company in January 2009.

Profit for Contact’s 2009 full year is expected to be 30 –33 per cent less than the year ending 30 June 2008.

With the share price finishing at $NZ5.80 at market close on Friday there is going to be a good opportunity to get shares today a sale price - the market is going to savage Contact.

Keep in mind though that the market should have anticipated the downgrade as all the signs were there for a slight profit drop from Contacts own guidance in January 2009.

A great chance to stock up for this good long-term company.

Remember, it is still making a profit and will only continue to increase those profits over the long-term.

Related Share Investor Reading

Marketwatch: Contact Energy
Contact Energy looks bright during dark times
Share Investor's 2009 Stock Picks
Follow the Monopoly Board

Contact Energy Investor Info

Andrew Williams; Putting the "H" back in Hypocrite

I see Andrew Williams, North Shore's bent Mayor is desperate for media attention again, getting his bloomers in a twist about his flagging mayoral fortunes.

Mr Key made the comment about Mr Banks, a National Party member and former minister, during a speech at a National Party conference on Saturday.

"Can I start by acknowledging the mayor – more importantly the super mayor of Auckland city – John Banks," he said.

North Shore City Mayor Andrew Williams said he was appalled at the insinuation.

"For a prime minister to come out 15 months before a local body election, already endorsing a candidate is absolutely appalling," he told Radio New Zealand.

"And to John Key I would just say I am absolutely shocked, and Prime Minister apologise." Stuff.co.nz

Sometimes you really should known when to shut your fat gob.

It would nice to see angry boy livid about his North Shore Council's wasteful spending on things like wine for electioneering for his political friends.

Nothing wrong with Key backing his man if he was and Andy's little hypocritical ways just keep digging a bigger hole for himself.

More Mad Mayoral Musings

Andrew Williams: The Great Panjandrum

My Correspondence with the Mayor

Fruitcake Andrew Williams must go

"Crunchy the Clown" article

Breakfast TV pokes fun at Mr Williams

William's goes ballistic at North Shore Events Centre

Andrewwilliamsismad.blogspot.com