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Anthony Alfidi » Comments » BA

  • Wall Street Breakfast: Must-Know News [View article]
    JPM's dealmaking would be impossible without TARP backing. Consolidation and control are on the bailout's hidden agenda.

    GE's China deal is the handwriting on the wall for the U.S.'s last truly competitive industries: aviation and defense. GE may be trying to get secure access to markets for its big goods, not to mention the resources (rare earths?) needed to feed them.

    UBS' turnaround plan will have to include a sale of its PaineWebber unit, as its clientele are too downmarket for Swiss tastes.
    Nov 17 05:15 am |Rating: +1 0 |Link to Comment
  • Lockheed Martin's Great Week on Main Street [View article]
    Those contracts run for multiple years, but unfortunately LMT books the revenue up front. What happens when a bond market discloation disrupts defense contractors' favorite gravy trains? The contract termination fees won't be a fraction of projected revenue. Future earnings statements will have to be restated downwards.

    Furthermore, LMT had had to put over $1B in Q3 into its underfunded pension plan. Read the transcript of their conference call and you'll see that LMT executives employ "Rosy Scenario" from the Reagan Administration's budget office. That's $1B no longer available to shareholders.

    LMT is a lot riskier than it appears at first glance.
    Nov 08 03:00 am |Rating: +1 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    The Fed's stonewalling has worked well so far. I don't see them giving an inch.

    CIT's clients would be the real beneficiaries of a prepackaged bankruptcy. Their access to short-term credit wouldn't be cut for long.

    Here's a suggestion for bofA's next CEO: Carl Icahn. Turn him loose to cut senior executive pay and force bad loans to be written down.

    Collapsing car sales should not surprise anyone with the expiration of the Cash for Clunkers boondoggle. Count on your government to waste your money.
    Oct 03 11:47 am |Rating: +1 -1 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Cadbury - what a sweet deal! (had to say it)

    The G-20 banking reform proposal is only significant if regulators follow through with enforcement. That has not occurred in the U.S. because it would expose the banking system's continued insolvency.

    AIG's "major assets" are worth less than nothing, so they're saving the worst for last. Selling the smaller but still valuable stuff first fools the market into thinking AIG's stock price should be anything but zero.

    Russian oil output surpassing Saudi Arabia? Uh oh, maybe Ghawar has peaked.
    Sep 08 12:09 pm |Rating: +3 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Berkshire and Leucadia are cherry-picking good assets out of a bankruptcy. Smart move.

    SEC's problems will continue as long as their employees pine for jobs on Wall Street. Solution: Bar them from employment in SEC-regulated firms in the event they leave the SEC, at least for a cooling off period (three years minimum).

    Who will be forced out at Cerberus? Maybe they could start with Dan Quayle and John Snow.
    Sep 03 07:43 am |Rating: +5 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Fidelity rolling out IPOs to its customers is another shot against discount brokers like Schwab.
    Aug 01 13:01 pm |Rating: +1 0 |Link to Comment
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