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  • Intel: The End Of Moore's Law [View article]

    What about 3D chips? Won't that keep Moore's law going a little longer?
    Feb 24 08:31 AM | Likes Like |Link to Comment
  • Bank Of America: Piercing Its 'Opaque' Balance Sheet - Part II [View article]
    It truly is amazing how everyone is now singing BAC's praises 2 years after this article.
    Jan 16 07:23 AM | Likes Like |Link to Comment
  • Herbalife Could Damn Well Be The Next MBIA [View article]

    QTR was stating that for a LBO (leveraged buy-out) to happen, it would need to be financed by at least $9 billion the vast majority of which would be debt. No bank is going to loan that kind of money without a history of clean audit opinions on the underlying company's financials.

    Great article, QTR. I hope the bear's position ends up being realized down the line.
    Nov 26 03:04 PM | 2 Likes Like |Link to Comment
  • Bullard: Dec. taper on table; Nov. jobs report key [View news story]
    Negative interest rates on bank deposits at the Fed would have a good idea before expanding the Fed balance sheet so significantly. If banks do start lending again, velocity of money will start to move up thus increasing the risk of significant inflation. The Fed would have to take massive losses on its securities portfolio to drain all the liquidity it has pumped into the system. This would cause huge damage to public (domestic and international) confidence in the Fed's ability to successsfully implement monetary policy.
    Nov 20 12:29 PM | Likes Like |Link to Comment
  • In victory for oil industry, EPA proposes lower renewable fuel quotas [View news story]
    It isn't renewable at all because, generally, you need to burn coal or natural gas to produce ethanol, and it has a lower return on energy invested than traditional gasoline. What a joke. Just another government handout to farmers that is rightfully getting cut.
    Nov 15 08:45 PM | 4 Likes Like |Link to Comment
  • Short CenturyLink: Look Past Stock Buybacks And Dividends For A 45% Return [View article]

    Great article, but you seem to side-step the fact that CTL's dividend is in the top ten within the S&P 500. There is a good chance that your investment thesis will materialize over the next several years, but you don't really point out any specific short-term catalysts that will drop the stock price to $15 within the next 6 months. As long as the dividend continues to be paid with no more decreases, the stock will find support in the low 30s/ high 20s.

    Again, great article. Thanks for all of the research, Stephen.
    Oct 6 08:12 PM | 2 Likes Like |Link to Comment
  • MannKind's Steady Progression Towards FDA Approval Continues Unabated [View article]
    Long Live Mann Kind!!!
    Aug 19 09:40 PM | Likes Like |Link to Comment
  • A $132 Million Company Worth Less Than $0: Short Inscor [View article]

    Bobby Goldman has really turned up the heat...

    Where are the f/s for this company?
    Aug 10 09:44 AM | Likes Like |Link to Comment
  • Activision (ATVI) soars 17.9% following news it's buying back $5.8B in shares from Vivendi at $13.60 each (10% discount to last night's close). The deal is expected to boost EPS this year by 23-33%. CEO Bobby Kotick notes the mostly debt-financed purchase allows the company to take advantage of attractive financing while still retaining $3B of cash on hand. (PR[View news story]
    Financing buybacks through debt is actually usually a good idea when interest rates are low. But it all depends on the cost of equity, the IRR of company projects etc. I am sure activision crunched the numbers and came to the conclusion that they could put their cash towards projects that have a higher rate of return then whatever their interest rate is on their financing.
    Jul 27 10:12 AM | Likes Like |Link to Comment
  • Detroit pulls the plug and files for Chapter 9 bankruptcy after emergency manager Kevyn Orr fails to a cut a deal with creditors. The city becomes the largest in U.S. history to file for bankruptcy. A few stocks trading lower on the news: MBI -15%, RDN -0.2%, MTG -1%, F -0.7%, GM -0.7%, MUNI -0.3%, PZA -0.5%, ITM -0.3%, HYD -0.8%[View news story]
    Jul 19 02:26 AM | Likes Like |Link to Comment
  • Buy Bank Of America Now: 5 Simple Reasons [View article]

    AOCI is an accounting term which mostly deals with derivatives ( I haven't read the F/S yet, so I am not sure to what extent that is contributing to the hit.) It has very little to do with the underlying business model of banking. While in some instances it can be a great indicator of health or sickness in a company, in this case it has nothing to do with the underlying health of BAC. They value most MBS at fair value, so get ready for swings in unrealized gains, but if these assets perform as expected (generate cash flow) why should they be written down if the bank holds to maturity?

    Note: I am planning to sell out of BAC soon here. Just because I think the stock is higher than it should be.
    Jul 19 01:51 AM | Likes Like |Link to Comment
  • Buy Bank Of America Now: 5 Simple Reasons [View article]
    Run a simple regression analysis of BAC's stock price versus the federal funds rate... Interest rates have virtually no impact on this company's stock price. A rise in interest rates would be good for the banking sector. Why? Well, they can give less money for more return. How is this a bad thing? It is really sad how everyone is now people who are coming out and saying BAC is a good stock to own, had nothing to say 12 months ago.

    Long BAC for a while
    Jul 19 01:19 AM | Likes Like |Link to Comment
  • A $234 Million Company Worth $0: Short Biozoom [View article]
    Good article, but it is extremely hard to short OTC stocks, and is usually not a good idea due to the volatile nature of the market.
    Jun 23 05:38 PM | Likes Like |Link to Comment
  • Ignore the taper says Tepper (David), appearing on CNBC, and instead focus on the fact that rates will be kept at these extraordinarily low levels until unemployment is far lower. "Bottom line: When the dust settles, there's only one place to be - stocks." [View news story]
    Everyone buy stocks until Tepper can safely liquidate his positions, and make another billion.
    Jun 21 09:11 AM | 2 Likes Like |Link to Comment
  • The Paradigm Shift Has Begun - This Isn't Going To Be Pretty [View article]
    Joseph is correct. The Fed can suck reserves out of the system by selling assets to banks or requiring a higher required reserve rate, but excess reserves (reserves in excess of 10% requirement) are cash and can be used for anything the bank wants. Banks are holding money at the Fed because they are getting paid, and they are building up capital to deal with Basel III.

    Great article, Joseph. A great read as usual!
    Jun 11 07:40 PM | 4 Likes Like |Link to Comment