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Deja Vu  

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  • Wall Street Breakfast: HSBC Announces Drastic Restructuring [View article]
    The day the $100,000 is forgiven, they will rush to the next storefront or online college and take out another $100,000 in federal loans and get another $50,000 cash back.

    And then appear wide eyed on Dateline & 60 minutes and say "OMG, that one room college next to Great Clips didn't really have a top notch surgical nursing program? I had no idea!"

    George Costanza & the cleaning lady episode "Was that wrong?"
    Jun 9, 2015. 10:50 AM | 8 Likes Like |Link to Comment
  • Wall Street Breakfast: HSBC Announces Drastic Restructuring [View article]

    I disagree a true free market is supposed to work with monopolies, oligopolies and cartels. Perhaps you should read up your economics text about how these remove the economic surplus.

    Your idea of a free market is rooted in the robber baron era of Rockefeller and chicago financiers cornering the market on wheat and bankrupting farmers.

    Usually cartels are able to prevent new entrants by predatory pricing until the new entrants are driven out of business. perhaps a course in elementary free market economics might be in order before you share your ideas with us.
    Jun 9, 2015. 10:25 AM | 9 Likes Like |Link to Comment
  • Gilead Sciences: P/E And The Pipeline Beyond HCV [View article]
    What happens when more companies follow the Gilead model? For example, I read about this BCG vaccine that could get approved to reverse type I diabetes in people up to age 65. While it may be possible to charge $50,000 per dose (based on lifetime medical costs of a Type-I diabetic), the population of diabetics is much larger, in the tens of millions.

    All I'm saying Gilead pioneered a new way of outrageous pricing based on "value" (instead of cost plus X times multiple to cover R&D for failed drugs). How long before others follow suit? The pool of money in Medicare and insurance companies is not infinite. Now every drug company can price at a level disconnected to their costs and based on "value" and reap windfall profits.

    There is definitely going to be political blowback as politicians seek scapegoats for the coming premium increases of Obamacare. The headline risk alone made me get out of GILD when it reached a previous high of $85.
    Jun 9, 2015. 10:18 AM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: HSBC Announces Drastic Restructuring [View article]
    Perhaps you can explain how a startup airline can survive against predatory pricing by the cartels which involves cutting prices to epic loss making levels on routes operated by upstart airlines until they are driven out of business and then resuming the usual caterlized price gouging.

    Second the ignorance of oligopolistic behavior and cartelization that apparent in your comment exposes the need for a strong anti trust action.
    Jun 9, 2015. 09:06 AM | 4 Likes Like |Link to Comment
  • Wall Street Breakfast: HSBC Announces Drastic Restructuring [View article]
    It just means the people who took loans and went to a reputable school and worked, studied & got a job, won't get thier loans forgiven.

    The people who borrowed $100,000 to "attend" a store front "college" sandwiched between a Subway and a dry cleaner, because the "college" gave them "cash back" of $50,000 of that loan amount along with a "no exams or tests" degree, they will get the $100,000 forgiven & passed on the backs of the people in the first paragraph of my comment.
    Jun 9, 2015. 08:42 AM | 13 Likes Like |Link to Comment
  • Wall Street Breakfast: HSBC Announces Drastic Restructuring [View article]
    Being 6'3" and having flown the 17 hour haul to India on packed 777's in the economy sections in the past let me say this

    - even right now the lavatories are tiny
    - the queue to get to a lavatory is usually 45 minutes to an hour, an eternity if you have small children
    - the numbers of lavatories are grossly inadequate
    - the seats are fit only for people with growth problems

    I spring for business class these days, but it is insane to reduce the lavatories.

    An argument to be made for an "Airline Passenger Bill of Rights". If a chicken on a battery poultry farm can have a minimum amount of space regulated for it, why not humans?

    With the consolidation of the airline industry, it is clear they are no longer competing but indeed tacitly colluding and cartelizing. What is needed a either a breakup (preferable) or a sweeping anti trust crackdown.
    Jun 9, 2015. 07:46 AM | 28 Likes Like |Link to Comment
  • More on Lululemon's Q1 [View news story]
    Difficult to see through these numbers to the underlying business...
    Jun 9, 2015. 07:38 AM | Likes Like |Link to Comment
  • Wall Street Breakfast: Next Bank Shakeup - Deutsche Bank Bosses Resign [View article]
    Jun 8, 2015. 06:14 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Next Bank Shakeup - Deutsche Bank Bosses Resign [View article]
    "...recent CEO resignations at Credit Suisse (NYSE:CS), Standard Chartered (OTCPK:SCBFF), RBS, Barclays (NYSE:BCS), UBS, and Credit Agricole (OTCPK:CRARY)"

    Don Corleone leaves, Michael Corleone takes over...
    Jun 8, 2015. 07:29 AM | 16 Likes Like |Link to Comment
  • Deutsche Bank sharply higher after naming new CEO [View news story]
    John Cryan talking to the mirror then?
    Jun 8, 2015. 07:23 AM | 2 Likes Like |Link to Comment
  • A Catalyst In Search Of A Stock [View article]
    And it could rain also. Betting on weather bankrupted Amaranth Advisors in short order. Investment strategies based on the likes of Michael Mann and Pachauri are dangerous for your financial health.
    Jun 6, 2015. 03:41 PM | Likes Like |Link to Comment
  • Chicago Bridge repeats 2015 guidance [View news story]
    for the bulk of their revenue & backlog, the EPC, pre tax margins are 7% and post tax 4-5%

    a cost overrun on one project by say 50% will take care of the profits from 10 well executed EPC projects

    CBI is operating on razor thin margins except for thier tech segment.
    Jun 6, 2015. 10:04 AM | 3 Likes Like |Link to Comment
  • Will India Be The Next Domino To Fall To Apple? [View article]
    Just curious, have you ever been to India? My random guess from this article is - probably not.

    There was an interesting article a few years ago about the launch of the iPhone in India. While there were lines everywhere, at the only store in Delhi selling it, there were a couple of bored cows munching waste paper outside the store.

    That pretty much sums it up for Apple in India. Have you ever read the comments threads in India's largest newspaper The Times of India, when they review Apple products? It is one long chain of mockery and disdain.

    Even among Indians in the US, the highest per capita income ethnic group (yes, even more than whites) in the US, Samsung/Android holds a far greater sway than Apple
    Jun 5, 2015. 01:30 PM | 6 Likes Like |Link to Comment
  • Tesla's Powerwall Adds Unmistakable Value [View article]
    Those "solar roadway" (har, har) people should sell their idea to Musk....

    It almost seems to me that Musk is running some kind of mass pyschology test to see just how much gullible people will believe...

    I thought with the hyperloop he jumped the shark but no the pit of gulliblity is deeper still...

    When this guy finally cracks into a thousand fragments of glittering lies, it will be spectacular...gyokusai indeed...
    Jun 4, 2015. 05:51 PM | 4 Likes Like |Link to Comment
  • Wall Street Breakfast: Global Bond Slump Continues [View article]
    Lord Timmy to flunky : "Strike deals like with video content companies like the music deal. Tell them to give me low cost video and let Apple TV become dominant platform like iPod and then I'll dictate pricing to content providers"

    Flunky (returning and bowing low): "Sire, content companies have found the internet and other streaming platforms such as Roku, Chromecast, and thier own streaming services. They do not wish to submit to being our slaves"

    Lord Timmy (grasping table until knuckles are white) "But...but...I have a product announcement to make in a couple of weeks that every video content provider is going to financially disembowel themselves for the sake of Apple dare they not follow the path of the music providers! Where be Sir Jony Ive?"

    Flunky (sinking lower on his knees) in a whisper "Sire, you exiled him to the Wall for designing a watch with cheap failure prone components and a heart rate sensor that doesn't work when a person moves"

    Lord Timmy (nervously feeling his neck) "I can't keep paying tribute to Baron Icahn who is camping at the castle gates unless I squeeze more from the peasants. Alas, we have no new magic weapons and our enemies are growing stronger by the day"
    Jun 4, 2015. 08:18 AM | 16 Likes Like |Link to Comment