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View Andy Kern's Comments
SodaStream Can Deliver As Much Fizz As Investors Need
I'd say haphazard is a little generous of you, turnkey. If someone is doing relative valuation does it make any sense at all to pick some company just becuase it is in a similar line of buisness? We're talking about comparing this turd of a company to a company that has been doubling earnings in recent years and which recently traded as high as 100x trailing earnings. talk about apples to oranges. sheesh.
Oct 21, 2011. 04:10 PM
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Why Buffett Is Wrong
I think you nailed it. Buffett needs to watch what he says - if the CRAs cant do a better job than "300 million americans" then they probably shouldnt exist or, perhaps more realistically, there should be more competition (and acceptance of "lower-tier" rating agencies among the investing public). The problem here was basically the same problem with Arthur Anderson - too big and too esteemed to do wrong. If investors blindly accept an Arthur Anderson audit or Moodys credit rating simply because of the brand name then there is huge incentive for the agency to push the envelope since the downside risk is so low. But with greater competition among agencies for ACCURATE ratings, more care would be taken when assigning them and investors as a whole would benefit. Of course, this is a free market solution to the problem and nobody likes the free market these days...
Jun 3, 2010. 11:45 AM
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