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Jason Merriam  

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  • Yellen Heading To The Senate [View article]
    You raise good points in this article. The Q&A will reveal (sadly) the ignorance of Senate awareness. Shelby and Brown will bark and woof, but the Chucky Schumer "show" is the reason why hearings like these belong on the comedy channel, not C-SPAN.
    Feb 23, 2015. 02:33 AM | 1 Like Like |Link to Comment
  • Goodyear Tire & Rubber: Global Uncertainty Overshadows Operational Excellence In 2014 [View article]
    Enjoyed the article. Under Kramer, GT has galvanized the management team. Operating efficiency initiatives are bearing fruit and capital allocation strategies look to bolster both balance-sheet and liquidity profile going forward.
    Feb 23, 2015. 01:43 AM | 2 Likes Like |Link to Comment
  • Amazon Can Make Money When It Wants [View article]
    For those of you familiar with Francine McKenna's brilliant work at retheauditors, check out her piece on AMZN earnings.

    Almost $2.5b in net loss carryforwards were to expire in 2014. Indeed, AMZN can make money when it wants" or "needs"
    Jan 30, 2015. 12:44 PM | 4 Likes Like |Link to Comment
  • Terror Cover-Up Scandal In Argentina: Investment Implications Of Prosecutor Nisman's Death [View article]
    Very good article and a must read for anyone.

    The Nisman case illustrates the obvious lack of transparency by the CFK government. Obstructionist, interventionist and backwardly nationalist.
    Jan 30, 2015. 09:57 AM | 5 Likes Like |Link to Comment
  • Redacted Version Of The January 2015 FOMC Statement [View article]
    Love these redactions, thanks.
    Jan 29, 2015. 02:18 PM | Likes Like |Link to Comment
  • W.W. Grainger - Add This Excellent Operator With Solid Prospects On Dips [View article]
    GWW is a very well run outfit.
    Jan 29, 2015. 02:08 PM | 2 Likes Like |Link to Comment
  • Bunge Limited Leads The 20 Best Value Bond Trades With Maturities Over One Year [View article]
    Good list and great information. Thanks Donald.
    Jan 26, 2015. 01:48 PM | Likes Like |Link to Comment
  • S&P 500 FCF Analysis: What You Do Depends On Who You Are [View article]
    It is good to see that you have reconsidered the survivorship bias point. I would submit that survivor bias may be more relevant to niche categories and in the mutual fund complex.

    This article focuses on the broader S&P 500 index, which (although subject to deletions and additions) might be good enough a reason to avoid the effect of SB. A study by Vanguard last year seems to support this outcome.
    Jan 23, 2015. 03:11 PM | 1 Like Like |Link to Comment
  • There's A Lot Of Value In The Information Technology Sector: The S&P 500 2015: Part 3 [View article]
    Fantastic series Chuck, thanks much!
    Jan 23, 2015. 01:08 PM | Likes Like |Link to Comment
  • S&P 500 FCF Analysis: What You Do Depends On Who You Are [View article]
    Valuable information as usual, thanks for the incredible effort.

    Indeed, financial firms can be difficult to handicap, if not for the simple reason they are capitalized differently from non-financial businesses.
    Jan 22, 2015. 12:58 PM | Likes Like |Link to Comment
  • Yen Strength Weighs On Stocks While Lifting Gold Higher [View article]
    Excellent food for thought!
    Jan 16, 2015. 01:45 PM | 1 Like Like |Link to Comment
  • Pay The Swiss To Hold Your Money? [View article]
    Wonderful read Peter, thanks.
    Jan 16, 2015. 01:35 PM | 1 Like Like |Link to Comment
  • Random Thoughts On The SNB FX Move [View article]
    Excellent overview, thanks.
    Jan 16, 2015. 02:50 AM | 1 Like Like |Link to Comment
  • Swiss Franc And Credibility [View article]
    Very interesting article and thoughtful comment discussions.

    I t does not require an abacus to understand why SNB ended their peg to the Euro. They are defending their currency against ECB printing presses (massive bond buying) likely to devalue the debased Euro further. Three years of playing nice with foreign exchange stability came with good intentions no doubt, but the SNB thinks it's time to cut bait and scram.

    Was SNB provocative in their surprise move? Obviously..yes, but we all know by now (or should know) that not all currencies can rise at the same time.

    We'll find out soon enough who were caught with pants down on the wrong side of the trade, but some of the familiar names in hedgeville (and their counter-parties) will be heard howling. Mid-October seems like ancient history to some folks, but old habits are hard to break for those ardent carry-traders.
    Jan 16, 2015. 01:45 AM | 4 Likes Like |Link to Comment
  • What Lies Behind The Plunge Of The Ruble? [View article]
    You raise some interesting points, but there may be more to this than the popular notion of Putin's campaign in Crimea to protect ethnic Russian's from whatever "far-right" elements he considers a threat. it sounds reasonable until you look at how he treats Russian people at home.

    Putin has spoken of Crimea's historic links to Russia and Russia's Black sea fleet. Fluff aside, the answer could be more simple: oil and gas.

    Putin has engaged in soft-annexation tactics previously and strategically,but Ukraine has proven to be more hard (no pun intended).

    The Crimean port of sevastopol (deep water) comes to mind as well as export terminals in port of Odessa, ship foundries in Nikolayev, etc., etc.

    Putin is a cagey fellow, but I'd have to think he wants to cherry-pick amongst the former satellites of soviet sphere for strengthening his hand in strategic export markets, particularly energy.
    Dec 29, 2014. 12:32 AM | 6 Likes Like |Link to Comment