John Galt - Seeking Alpha 'John Galt' Tag RSS Syndication from SeekingAlpha.com SeekingAlpha.com http://seekingalpha.com/author/john-galt Four Reasons Buffet's Buying Burlington Northern http://seekingalpha.com/article/171064-four-reasons-buffet-s-buying-burlington-northern?source=feed 171064 Warren Buffett agreed to buy Burlington Northern Santa Fe (BNI) for 34 Billion in Cash and stock. BNI Shareholders will have the option of being bought out in cash (100 dollars per share) or Berkshire stock. Berk-B (BRK.B) is currently trading for $ 3,310 per share, but the Berkshire Board has approved a 50-1 Split for Burlington Share holders that have smaller denominations of equity. Buffett already owns 22% of the Railroad but is going all in on his biggest acquisition ever.

]]> Wed, 04 Nov 2009 05:39:22 -0500 John Galt Warren Buffett agreed to buy Burlington Northern Santa Fe (BNI) for 34 Billion in Cash and stock. BNI Shareholders will have the option of being bought out in cash (100 dollars per share) or Berkshire stock. Berk-B (BRK.B) is currently trading for $ 3,310 per share, but the Berkshire Board has approved a 50-1 Split for Burlington Share holders that have smaller denominations of equity. Buffett already owns 22% of the Railroad but is going all in on his biggest acquisition ever.


Complete Story »]]> BRK.B BNI John Galt Cash Crop: Tobacconist Lorillard Inc. http://seekingalpha.com/article/168776-cash-crop-tobacconist-lorillard-inc?source=feed 168776 In 1760, an 18 year old immigrant named Pierre Lorillard founded the first US Tobacco company in lower Manhattan. Pierre Lorillard was killed by German Hessian Mercenaries during British occupation of NY in 1776, but his family continued to run the business. Today, Lorillard (LO) is the third largest Tobacco Company in the country.

Lorillard is a 13 billion dollar company that sells over 40 cigarette brands including the #2 overall cigarette in America, Newport. Newports are the #1 menthol cigarette in America, and #2 overall with a 7.8% total market share.

]]> Mon, 26 Oct 2009 06:08:50 -0400 John Galt In 1760, an 18 year old immigrant named Pierre Lorillard founded the first US Tobacco company in lower Manhattan. Pierre Lorillard was killed by German Hessian Mercenaries during British occupation of NY in 1776, but his family continued to run the business. Today, Lorillard (LO) is the third largest Tobacco Company in the country.

Lorillard is a 13 billion dollar company that sells over 40 cigarette brands including the #2 overall cigarette in America, Newport. Newports are the #1 menthol cigarette in America, and #2 overall with a 7.8% total market share.


Complete Story »]]> LO John Galt What Would Buffett Do? Berkshire Holdings Through June 30th http://seekingalpha.com/article/156785-what-would-buffett-do-berkshire-holdings-through-june-30th?source=feed 156785 Whale watching. What would Buffett do? Well, here are his holdings through June 30th, 2009.

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]]> Tue, 18 Aug 2009 10:31:46 -0400 John Galt Whale watching. What would Buffett do? Well, here are his holdings through June 30th, 2009.

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Complete Story »]]> BRK.A BRK.B UNH HD ETN CEG COP KMX BDX John Galt Actually, China's Not the World Leader in Manufacturing or Exports http://seekingalpha.com/article/155428-actually-china-s-not-the-world-leader-in-manufacturing-or-exports?source=feed 155428
Cautious Investors are bearish on the USA and rightfully so. The land of opportunity has changed into the land of entitlements. If you can't afford something, buy it on credit... don't you dare wait and save up for it like the "old days". Americans have bought too many cars, too many houses, and too much junk to put in them. Your neighbor has something you want, well you shouldn't have to work hard for it, you should be entitled to it because we are a "civilized nation" whatever that means. Consumers aren't the only ones that have spent like drunken sailors, the good old government is on pace for a 1.8 Trillion dollar deficit this year. Yikes.

Much has been written about how the USA is becoming less important at the expense of China and the developing world. The Chinese save money, Americans don't. China is growing, the USA is not. The USA is losing manufacturing jobs, everything seems to be made in China these days... Or is it?
]]> Tue, 11 Aug 2009 11:14:39 -0400 John Galt
Cautious Investors are bearish on the USA and rightfully so. The land of opportunity has changed into the land of entitlements. If you can't afford something, buy it on credit... don't you dare wait and save up for it like the "old days". Americans have bought too many cars, too many houses, and too much junk to put in them. Your neighbor has something you want, well you shouldn't have to work hard for it, you should be entitled to it because we are a "civilized nation" whatever that means. Consumers aren't the only ones that have spent like drunken sailors, the good old government is on pace for a 1.8 Trillion dollar deficit this year. Yikes.

Much has been written about how the USA is becoming less important at the expense of China and the developing world. The Chinese save money, Americans don't. China is growing, the USA is not. The USA is losing manufacturing jobs, everything seems to be made in China these days... Or is it?

Complete Story »]]> John Galt Weak ADP Numbers Show a Jobless Recovery http://seekingalpha.com/article/154460-weak-adp-numbers-show-a-jobless-recovery?source=feed 154460 Nonfarm payroll at -371,000 net jobs lost came in worse than the -345,000 that were expected to be lost. The good news is, a +10,000 job revision from the last report.

  • Large businesses lost a net 74,000 jobs
  • Medium businesses lost a net 159,000 jobs
  • Small businesses lost a net 138,000 jobs

You can look at all of the numbers and breakdown here in the ADP Report.

]]> Thu, 06 Aug 2009 16:59:48 -0400 John Galt Nonfarm payroll at -371,000 net jobs lost came in worse than the -345,000 that were expected to be lost. The good news is, a +10,000 job revision from the last report.

  • Large businesses lost a net 74,000 jobs
  • Medium businesses lost a net 159,000 jobs
  • Small businesses lost a net 138,000 jobs

You can look at all of the numbers and breakdown here in the ADP Report.


Complete Story »]]> SPY DIA John Galt State Budget Woes: Are We There Yet? http://seekingalpha.com/article/148859-state-budget-woes-are-we-there-yet?source=feed 148859 More green shoots on Main Street. Last week, the Washington Post broke a story here about how the lovely state of Virginia is planning to close 18 rest stops along Interstate 95 to help close the state's budget gap.

There will now be a 105.99 mile stretch without bathroom on the Eastern seaboard's crowded main artery. Have fun driving into some back woods town, stopping at the old Exxon fill up station and asking for a key tied to a boat paddle to use their old run down bathroom.

]]> Wed, 15 Jul 2009 04:57:40 -0400 John Galt More green shoots on Main Street. Last week, the Washington Post broke a story here about how the lovely state of Virginia is planning to close 18 rest stops along Interstate 95 to help close the state's budget gap.

There will now be a 105.99 mile stretch without bathroom on the Eastern seaboard's crowded main artery. Have fun driving into some back woods town, stopping at the old Exxon fill up station and asking for a key tied to a boat paddle to use their old run down bathroom.


Complete Story »]]> GS AIG FNM FRE C MCD DIA SPY QQQQ John Galt 2009 Mid Year Outlook: Expect Deflation and an Oil Price Drop http://seekingalpha.com/article/147138-2009-mid-year-outlook-expect-deflation-and-an-oil-price-drop?source=feed 147138 Inflation is not the act of printing more money. Printing more money leads to inflation but inflation is really more money chasing the same amount of goods which results in bidding up prices.

If the government expanded the money supply but as the new money trickled into the economy, everybody put that money into the bank we would NOT have inflation. We would have inflation when that new money came out and started bidding up asset prices.

]]> Mon, 06 Jul 2009 09:09:00 -0400 John Galt Inflation is not the act of printing more money. Printing more money leads to inflation but inflation is really more money chasing the same amount of goods which results in bidding up prices.

If the government expanded the money supply but as the new money trickled into the economy, everybody put that money into the bank we would NOT have inflation. We would have inflation when that new money came out and started bidding up asset prices.


Complete Story »]]> GLD USO SPY DIA John Galt