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Dana Blankenhorn  

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  • Barcelona Mobile World Congress Brings Google Android Strategy Into Focus [View article]
    Google gives away service and then uses your clicks to get you ads that are relevant to you, that provide value rather than just cluttering up your screen.
    Feb 29, 2012. 06:26 PM | Likes Like |Link to Comment
  • The Coming Intel-IBM Foundry Battle [View article]
    All the companies mentioned have higher price-earnings multiples (and more earnings momentum) than Intel's 11.21.
    Feb 29, 2012. 06:25 PM | Likes Like |Link to Comment
  • Johnson & Johnson: The Company Buffett Does Not Want To Keep [View article]
    If you like dividends check out AT&T (T) and Verizon (VZ). Both yielding over 5%.

    Of course, understand that with any dividend stock there is the risk of depreciation. I think there's plenty of that kind of risk with the two companies I mentioned above, which is why I'm personally avoiding them.

    The same may be true for JNJ unless the new CEO can fix the operational problems.
    Feb 29, 2012. 01:38 PM | Likes Like |Link to Comment
  • A Bearish Take On HP Under Whitman [View article]
    I just don't feel like having my money sitting in what is, for investment purposes, a hole in the ground waiting and hoping that something might happen. If it starts to happen there will be time to get in although, as you note, I will have missed the front part of the move.

    It's a risk-reward calculation every investor has to make themselves.
    Feb 29, 2012. 01:37 PM | Likes Like |Link to Comment
  • Barcelona Mobile World Congress Brings Google Android Strategy Into Focus [View article]
    Because they're not the only ones working on the software. And because companies can adapt this software to their needs under an open source license.

    Let's break up Linux while we're at it.
    Feb 29, 2012. 01:35 PM | Likes Like |Link to Comment
  • Gas Prices Rising? Blame The Refineries [View article]
    When you're selling of something but require just as much capital as before, and you can't improve margins because your input costs are high, that's a squeeze. That's what refiners have had to face for years. That's why so many have gone under.

    But that doesn't mean, as I once thought, big days for the remaining refiners. Think of what chip companies would be facing if the number of chips being produced were not increasing dramatically. How much more pressure would that put on a fab's P&L?
    Feb 29, 2012. 01:33 PM | Likes Like |Link to Comment
  • The Coming Intel-IBM Foundry Battle [View article]
    The biggest problem with fabs is you become focused inside, toward the needs of the fab, rather than outside, toward the customer.

    This has been Intel's problem for ages. That's how it gets beat by companies like nVidia, and Broadcom, and ARM, and on and on and on.

    Don't believe me? Fine.
    Feb 29, 2012. 01:31 PM | Likes Like |Link to Comment
  • First Solar A Long-Term Play [View article]
    Until we have convergence, you want to be on the buy side of the solar trade, not the sell side. The best thing about FSLR is they have worked to get onto the sell side, with MidAmerican.
    Feb 29, 2012. 11:23 AM | Likes Like |Link to Comment
  • The Coming Intel-IBM Foundry Battle [View article]
    Which is why fab-less chip companies earn a tiny fraction of what fabbed companies like Intel make.

    Oh, wait, the opposite is the case...
    Feb 29, 2012. 11:21 AM | 1 Like Like |Link to Comment
  • Gas Prices Rising? Blame The Refineries [View article]
    Personally I'd rather breath. And gas prices in the U.S. are a fraction of what they are in the rest of the developed world.
    Feb 29, 2012. 11:20 AM | 1 Like Like |Link to Comment
  • Feb. Consumer Confidence: 70.8 vs. 64.0 expected, 61.5 in December (revised). Expectations 88.0 vs. 76.7 (revised). Present situation 45.0 vs. 38.4 (revised). "Consumers are considerably less pessimistic about current business and labor market conditions than they were in January," Conference Board's Lynn Franco says. [View news story]
    It's true that housing prices are down. And it's true that durable goods orders are down. The question is what happens next in both cases. Were durable goods down in January because of expiring tax breaks, or was it a secular break in the pattern? Will housing prices continue to go lower or hit a bottom?

    Real estate recessions tend to be very long. They don't happen often so we have little experience with them. But the last one, which started after the Arab oil shock in 1974, lasted nearly a decade, and it wasn't nearly as bad as the current one.

    Eventually, folks like Buffett were right. Prices did recover. I think that there are bargains to be had, and that will continue but it all depends on location, location, location.

    As to durable goods, we'll see.
    Feb 29, 2012. 09:05 AM | Likes Like |Link to Comment
  • Johnson & Johnson: The Company Buffett Does Not Want To Keep [View article]
    Someone else's spite is a great way for me to make some money. BRK.A may be becoming a bargain is what you mean. Worth looking into.
    Feb 29, 2012. 09:01 AM | Likes Like |Link to Comment
  • Iranian Politics Will Ultimately Knock Down Oil Prices [View article]
    Doesn't matter.

    What matters is that Iran's mullahs have control of the country, not Ahmadinejad. They're going to confirm this shortly, taking him down several pegs in coming elections and (probably) putting their own favorite in his place.

    At that point, just like a political party that has settled its primary fight, the Mullahs will be forced to move toward the center in order to consolidate their power against civil society. Because it's a Syria-like revolt that has most to be feared here, not Ahmadinejad with a bomb.
    Feb 29, 2012. 09:00 AM | Likes Like |Link to Comment
  • Johnson & Johnson: The Company Buffett Does Not Want To Keep [View article]
    Since when does a businessman "owe it" to his investors to keep his political thoughts to himself? Would you say the same if he were saying things you agree with?
    Feb 28, 2012. 08:46 PM | Likes Like |Link to Comment
  • Johnson & Johnson: The Company Buffett Does Not Want To Keep [View article]
    Well, you keep buying JNJ and selling IBM. You may eventually find yourself becoming a Democrat, looking for help.
    Feb 28, 2012. 08:44 PM | Likes Like |Link to Comment
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