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Charles A. Smith  

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  • Hawaii Net Metering Changes Have Far-Reaching Consequences For Residential Solar Industry [View article]
    Pretty obvious the only value in HECO is in their distribution infrastructure. With well more than half their generating capacity still oil fired, they're in a very tough spot.
    Oct 16, 2015. 11:27 AM | 2 Likes Like |Link to Comment
  • Natural Gas: The '20 Bcf Per Day Tsunami' Has Arrived - 10 Years Earlier Than Some Expected [View article]
    Trucked? You're kidding, right? No way trucks could even semi-efficiently (to make a bad pun) deliver the volumes of gas being discussed.
    Sep 9, 2015. 01:03 PM | Likes Like |Link to Comment
  • Déjà Vu All Over Again: EMH Is Dead, Revisited [View article]
    Exactly...should've been in the very first sentence. No reader should ever have to guess at acronyms.
    Aug 25, 2015. 08:09 AM | 5 Likes Like |Link to Comment
  • Media Industry Begs For Consolidation [View article]
    I see...are there any other fees? Can I pay month to month (no contract)?
    Must I also be a Dish subscriber at additional monthly cost? Seems like $20 per month with absolutely no strings attached is a good deal.
    Aug 6, 2015. 04:21 PM | Likes Like |Link to Comment
  • Media Industry Begs For Consolidation [View article]
    "Disney, in short, knows how to build the new bundle and it should be a winner."

    Maybe, but where does DIS price the "new" bundle? And when they unveil it, does it crush the revenue streams of the cable cos.? I know a lot of serious sports fans who would be perfectly willing to pay $29.99 per month for all of the ESPN channels IF (and only IF) they could drop the rest of their cable package. Net savings is as much as $100 per month, which comes right out of the hide of CMCSA, TWX, etc. Yes, DIS has the product people want, but NOT as part of a bundle of 300 channels of crap.
    Aug 6, 2015. 11:55 AM | 1 Like Like |Link to Comment
  • The Electric Utility Business Model Is Under Increasing Pressure [View article]
    "...with distributed solar winning out when factoring in non-quantifiable benefits."

    Well, that decides it then!
    Jul 28, 2015. 04:54 PM | Likes Like |Link to Comment
  • Fifth Third Catches Up To The Pack [View article]
    "...Fifth Third announced about a month ago that it was changing its branch network strategy...and looking to sell or consolidate 100 branches (as well as 30 land parcels that haven't been built up)..."

    Beginning about a dozen years ago, FITB began a strategy of spending big money on land and buildings in new markets. That strategy has now blown up spectacularly. First Niagara did the same thing. There are still more than 90K bank branches in the U.S. My guess is there will be fewer than half that number by 2025.

    Jul 23, 2015. 03:10 PM | Likes Like |Link to Comment
  • Biosimilar Space Set To Soar Once Patent Expiries Kick In [View article]
    Why not simply buy PFE if you want to own HSP? Also, Actavis has changed its name to Allergan.
    Jul 17, 2015. 06:38 PM | Likes Like |Link to Comment
  • Kinder Morgan Inc. Earnings Preview: We Predict A Miss [View article]
    Another example of SA needing some real editors. Also, the insider buys should be discounted as nearly meaningless, as the vast majority are Rich Kinder, who already owns 10% of the business, worth $3.5 billion. His recent purchases, while material to most people, are a throwaway for RK.
    Jul 14, 2015. 08:30 PM | 4 Likes Like |Link to Comment
  • Why Microsoft And Google Couldn't Emulate The Apple Mobile Device Model [View article]
    "Supporting all these platforms is a nuisance."

    Agreed. and why Nadella will succeed where Ballmer failed. Ballmer TALKED a good game about multiplatform and catering to developers, but did little. Nadella is actually DOING it.
    Jul 9, 2015. 03:13 PM | 5 Likes Like |Link to Comment
  • Why Microsoft And Google Couldn't Emulate The Apple Mobile Device Model [View article]
    "I don't see any other company overcoming Apple's advantage in the next five years."

    How quickly can Xiaomi build (steal?) a workable OS? Faster than most people think, is my guess, particularly in an open-source world.
    Jul 9, 2015. 10:25 AM | 13 Likes Like |Link to Comment
  • The Natural Gas Industry Will Meet An Untimely Collapse [View article]
    "But why do we need the government to spend money to make the economy function properly?"

    We don't. A "properly" functioning market economy delivers the most utility to the greatest number of consumers at the lowest prices. This happens only IF the market is not first corrupted by fiscal, monetary and regulatory policies designed to entrench certain favored participants. A perfect example of such corruptive forces in today's economy is the Federal Reserve. The Fed's current touchstone is the inviolable 2% inflation rate. Why is this? What is so scary about deflation, particularly in consumer prices, which would act to drive up real wages, a stated goal of every politician? The late 19th century, a period of unequaled and broad economic progress in the U.S., was marked by virulent deflation.Yet deflation is prevented at every turn because it is VERY scary to two important constituencies at the very nexus of the Fed: banks and government bureaucrats. Deflation reduces the value of assets securing bank loans, threatening the positions, wealth and power of bankers in our over indebted and over-financialized economy. It also directly reduces tax revenues, which threatens the power and influence of government at all levels in our over regulated society. So it doesn't happen. In many ways, the Fed's 2% inflation mandate is the most "anti-progress" policy in place in America today.

    "...but one part is that in a capitalist economy the smartest monkeys gather all the bananas to themselves leaving less and less bananas in the jungle for the rest of the troop."

    Typical "zero sum" argument. Life is decidedly NOT zero sum, particularly if the proper incentives are in place to promote freedom, growth and change. In other words, assuming entrenched interests (mostly in the guise of government - there they are again!) haven't already corrupted the system, there is nothing to stop Monsanto from inventing a way to produce bananas at 10X the current rate for 1/2 the cost? They will only do so if they can get PAID for it, however.

    "Every two generations or so, A situation develops where the debt, both public and private, used to finance bananas to fill the gap compounds upon itself to a point where it can not be supported by the few bananas still left in the jungle and it defaults all at once. This...has been repeating since the invention of agriculture..."

    Again, let deflation happen. If the bankers and bureaucrats are too moss-backed to deal with it, too bad. The system will adjust, and the inequalities which are a natural result of dynamic economic growth will be rectified over time. Far better than the stunted, half-baked zombified world we live in today. Make room for REAL progress!
    Jun 30, 2015. 02:05 PM | Likes Like |Link to Comment
  • Export-Import Bank to halt lending [View news story]
    If your argument is that Exim is vital for small business, then there should be no issue with limiting Exim loans to firms with less than $100 million in revenue.
    Jun 30, 2015. 08:55 AM | Likes Like |Link to Comment
  • The Natural Gas Industry Will Meet An Untimely Collapse [View article]
    I'm fully aware of the numerous subsidies for fossil fuels. The simple fact is that the net BENEFIT to taxpayers from oil and gas producers (these firms pay tens of billions in taxes, fees and penalties - as do their millions of employees) is far greater than the net SUBSIDY that taxpayers give to renewable companies. This is incontrovertible.
    Jun 30, 2015. 08:48 AM | 1 Like Like |Link to Comment
  • The Natural Gas Industry Will Meet An Untimely Collapse [View article]
    "Renewables" are only renewable in the sense that it takes massive subsidies every year to make them viable.

    Best definition I've seen yet of "renewable" energy. Renewable = subsidized.
    Jun 30, 2015. 08:27 AM | Likes Like |Link to Comment