Comments on Knockout Analyst's articles RSS Syndication from SeekingAlpha.com http://seekingalpha.com/author/knockout-analyst/articles http://seekingalpha.com/article/72874-will-someone-please-explain-lululemon-s-outrageous-valuation?source=feed#comment-247255 247255 Sun, 07 Sep 2008 02:54:55 -0400
1. I have been to the stores, and while larger individuals are buying, please, spare us all. (oh, and its called sarcasm, btw, maybe some of you have heard of that before, no?)

2. I understand its a 'lifestyle' brand - so is UA friends. The business model (apparel vs. retailer) is apparent, and wasn't lost on me. The point was to compare two BRANDS who do - more or less - the same thing and are traded (high-growth retail/apparel) similarly.

3. Scoreboard! I shorted at 36ish, the stock today stands at about 1/2 of that. Clearly, I wasn't the only one who noticed the company was so grossly overvalued.f]]> http://seekingalpha.com/article/84605-setting-the-record-straight-taxpayers-not-funding-jp-morgan-s-bear-buyout?source=feed#comment-218630 218630 Wed, 30 Jul 2008 14:42:07 -0400 http://seekingalpha.com/article/85720-wells-fargo-lays-bear-trap-on-wall-street?source=feed#comment-209616 209616 Sun, 20 Jul 2008 00:51:31 -0400 http://seekingalpha.com/article/85720-wells-fargo-lays-bear-trap-on-wall-street?source=feed#comment-209612 209612 Sun, 20 Jul 2008 00:18:48 -0400
Their stores (branches) are growing by their clients using more of the stores eight product lines (5+ of 8 for individuals and 6+ of 8 businesses). They are incrementally buying bank companies and increasing sales.

They have no known off the book loans, derivatives, CDOS, CMOS, SIVS or what have you, i.e. Enron, Citigroup. They did not make a market in these instruments, as purportedly did JPM.

Wells Fargo is a well-run money store.

]]> http://seekingalpha.com/article/85720-wells-fargo-lays-bear-trap-on-wall-street?source=feed#comment-209597 209597 Sat, 19 Jul 2008 22:45:49 -0400 http://seekingalpha.com/article/85720-wells-fargo-lays-bear-trap-on-wall-street?source=feed#comment-209470 209470 Sat, 19 Jul 2008 14:23:00 -0400
Was listening to an NPR (yeah...liberal channel) interview and it was brought up that one of the indications of a bank in trouble (is there another kind?) was to see if the bank was offering CDs at a higher rate than other local banks. Hmmmmm ....

Nice tap-dancing around the 180 day charge off issue.. ('Blinded me with science!') Wells Fargo can limbo-rock. How low can they go?

Thx jegan ...]]> http://seekingalpha.com/article/85720-wells-fargo-lays-bear-trap-on-wall-street?source=feed#comment-209451 209451 Sat, 19 Jul 2008 13:33:10 -0400 http://seekingalpha.com/article/85720-wells-fargo-lays-bear-trap-on-wall-street?source=feed#comment-209376 209376 Sat, 19 Jul 2008 11:38:24 -0400 http://seekingalpha.com/article/85720-wells-fargo-lays-bear-trap-on-wall-street?source=feed#comment-209301 209301 Sat, 19 Jul 2008 09:57:58 -0400
I also suggest that readers understand the difference between the terms: charge-off, provision of credit losses (income statement), and allowance for loan losses (balance sheet). WFC hit the income statement with the $265 million in the provision for credit losses expense. It will not charge the $265 million against the reserve until the end of the 180 day period. ]]> http://seekingalpha.com/article/85720-wells-fargo-lays-bear-trap-on-wall-street?source=feed#comment-209036 209036 Fri, 18 Jul 2008 17:18:48 -0400
Also, they have always been the most vigorous managers of credit quality in their peer group, by a long shot. It's not so hard to believe that they are faring the best (sans USB) out of the banks when the have consistently had the best counterparty rating of any domestic bank, period.

A lot of banks are in serious trouble. Well's trouble isn't THAT serious, and they wanted to let you know that, shortie, very emphatically, so that you wouldn't sully their reputation and ruin their access to capital.]]> http://seekingalpha.com/article/85720-wells-fargo-lays-bear-trap-on-wall-street?source=feed#comment-208869 208869 Fri, 18 Jul 2008 13:48:12 -0400
Credit Quality
Overall credit quality deteriorated in the second quarter. Net charge-offs in the second quarter were $1.5 billion, or 1.55 percent of average loans annualized. As previously disclosed, beginning in the second quarter we changed our home equity charge-off policy
from 120 days to no more than 180 days, consistent with FFIEC guidelines. The impact of this change deferred approximately $265 million in home equity charge-offs from second quarter, although the change in policy did not reduce second quarter provision expense
which included the deferred charge-offs. ]]> http://seekingalpha.com/article/85720-wells-fargo-lays-bear-trap-on-wall-street?source=feed#comment-208851 208851 Fri, 18 Jul 2008 13:25:08 -0400 http://seekingalpha.com/article/85720-wells-fargo-lays-bear-trap-on-wall-street?source=feed#comment-208794 208794 Fri, 18 Jul 2008 12:50:38 -0400
You have to be kidding, if you bought BRK.A 10 years ago at 80,000 it would now be worth a whopping 116,000, that flat out sucks. That's 3.75% a year, you would have been better off in a Treasury Bond. You deserve to be slaughtered in this market. ]]> http://seekingalpha.com/article/85720-wells-fargo-lays-bear-trap-on-wall-street?source=feed#comment-208751 208751 Fri, 18 Jul 2008 12:14:15 -0400 http://seekingalpha.com/article/85720-wells-fargo-lays-bear-trap-on-wall-street?source=feed#comment-208731 208731 Fri, 18 Jul 2008 11:57:58 -0400 http://seekingalpha.com/article/85720-wells-fargo-lays-bear-trap-on-wall-street?source=feed#comment-208696 208696 Fri, 18 Jul 2008 11:35:17 -0400 http://seekingalpha.com/article/84605-setting-the-record-straight-taxpayers-not-funding-jp-morgan-s-bear-buyout?source=feed#comment-208004 208004 Thu, 17 Jul 2008 15:08:59 -0400 http://seekingalpha.com/article/84605-setting-the-record-straight-taxpayers-not-funding-jp-morgan-s-bear-buyout?source=feed#comment-203782 203782 Sat, 12 Jul 2008 14:59:57 -0400 http://seekingalpha.com/article/84605-setting-the-record-straight-taxpayers-not-funding-jp-morgan-s-bear-buyout?source=feed#comment-203635 203635 Sat, 12 Jul 2008 10:32:12 -0400 Of course, this does not address the costs of "easy money," which has it's own problems. By flooding the economy with easy money, the Fed certainly contributed to the housing crisis / finanicial collapse in the first place. That is where the taxpayers really were hit.]]> http://seekingalpha.com/article/84605-setting-the-record-straight-taxpayers-not-funding-jp-morgan-s-bear-buyout?source=feed#comment-203182 203182 Fri, 11 Jul 2008 14:14:14 -0400
So, the public takes on the risk and subsidizes the interest rate. Losses can occur at any time. How is this not a bailout, again?]]> http://seekingalpha.com/article/84605-setting-the-record-straight-taxpayers-not-funding-jp-morgan-s-bear-buyout?source=feed#comment-203158 203158 Fri, 11 Jul 2008 13:49:57 -0400
Why call someone an idiot for stating their opinion.

IMHO let the chips fall where they may. I hope DOW goes to 10k and stays there for awhile. Let the wheat be seperated from the chaffe.




]]> http://seekingalpha.com/article/84605-setting-the-record-straight-taxpayers-not-funding-jp-morgan-s-bear-buyout?source=feed#comment-202887 202887 Fri, 11 Jul 2008 09:40:46 -0400 http://seekingalpha.com/article/84605-setting-the-record-straight-taxpayers-not-funding-jp-morgan-s-bear-buyout?source=feed#comment-202880 202880 Fri, 11 Jul 2008 09:35:59 -0400 http://seekingalpha.com/article/84605-setting-the-record-straight-taxpayers-not-funding-jp-morgan-s-bear-buyout?source=feed#comment-202876 202876 Fri, 11 Jul 2008 09:32:55 -0400 http://seekingalpha.com/article/84605-setting-the-record-straight-taxpayers-not-funding-jp-morgan-s-bear-buyout?source=feed#comment-202874 202874 Fri, 11 Jul 2008 09:32:41 -0400 http://seekingalpha.com/article/84605-setting-the-record-straight-taxpayers-not-funding-jp-morgan-s-bear-buyout?source=feed#comment-202865 202865 Fri, 11 Jul 2008 09:27:09 -0400
And if there is $2billion/year dent into this contribution then It is
The Taxpayer bailing out Bear... ]]> http://seekingalpha.com/article/84605-setting-the-record-straight-taxpayers-not-funding-jp-morgan-s-bear-buyout?source=feed#comment-202832 202832 Fri, 11 Jul 2008 09:06:15 -0400 http://seekingalpha.com/article/80180-seth-klarman-second-coming-of-benjamin-graham?source=feed#comment-183636 183636 Wed, 11 Jun 2008 16:27:02 -0400
Did you not see the shoutout to Dr. Saville on the last line of the article? Nice, smart guy though.]]> http://seekingalpha.com/article/80180-seth-klarman-second-coming-of-benjamin-graham?source=feed#comment-183080 183080 Wed, 11 Jun 2008 05:18:17 -0400 adriansaville.blogspot.../]]> http://seekingalpha.com/article/80180-seth-klarman-second-coming-of-benjamin-graham?source=feed#comment-179939 179939 Thu, 05 Jun 2008 18:17:28 -0400