Four Ways Apple Beat iPad Expectations [View article]
Why do you say "still"??? I've never dissed any of their products before and, in fact, have huge admiration for most of what they've created. Just FYI, no company is perfect, and Apple HAS had some flops before!
My "best case scenario" (which I've very admittedly kept increasing over the past 12 months as companies have continually surprised me with their earning power in the face of awful revenues) would be for 2010 S&P earnings to come in at $65, which would roughly equate to Q4 of 2009 annualized, and would be at least $10 below consensus. If we put a very generous 15x multiple on that, we'd get a near-term (within three to four months) target of 975. I then expect stocks to either do nothing (best case) or continually erode their way down (highly possible case) over the next three or four years, as the massive debtload out there gradually gets either written down or paid down until we finally reach the point-- similar to the 1970s-- when no one cares any more about stocks or the stock market, at which point stocks can start going back up again.
25 Stocks Under $250 Million Worth a Good Look [View article]
To this I'll add my favorite (and currently, only) long position, DUSA. It's growing revs 20% year-over-year (how many other companies are doing THAT?) with gross margins that are approaching 80%, and should turn GAAP profitable in the current quarter.
Conservatively, I think it's worth 2x run-rate revs of $30 million (i.e., $60 million) plus over $15 million in net cash plus over $30 million in NOL carryforwards. If you add all this up and divide it among the 24.1 million shares outstanding, you get a value north of $4.35/share, vs. yesterday's close of $1.52.
Institutions Still Allocating Capital to Stocks [View article]
>>Institutions remain overweight equity markets according to State Street’s latest Investor Confidence report... North America posted a 4.4 point gain...<<
Oh, no, this can't be true. After all, this is the rally that has to continue because no one believes in it.
>>Those who rant about the runaway size of government in the US should just go to the BEA statistics page... government spending as a percentage of real GDP has actually DECLINED over the past year...<<
This is a nonsensical statistic that doesn't count all the crap the Fed has put on its balance sheet as "spending".
Implications of the Stuytown Default [View article]
I don't think it's necessarily some kind of "moral code" that stops people from just "walking away". Rather, most folks seem to develop a sort of emotional attachment to their houses (which is often why they buy rather than rent in the first place). Additionally, they don't want their personal credit ruined. That said, if we do reach an "everybody's doing it" tipping point, then enough people might reconsider those two things and then, as the author says, the financial crisis will very quickly move form a period of stagnation to a major new crisis.
Total Debt to GDP Trumps Everything Else [View article]
Yup, this article is spot on in identifying the crux of the problem, and everything else is just "noise". You can't cure a problem of too much debt by adding still *more* debt. The only thing that will solve this problem is TIME, which, as the author points out, will result in years of sub-par growth.
Why Paul Krugman Should Be Fed Chief [View article]
Sadly, I think this guy *is* serious. Hey "Mr. Baseline", did you know that Krugman actually ADVOCATED a "housing bubble" to offset the Nasdaq crash of 2001? He is the epitome of a zero-common-sense ivory tower economist.
Four Ways Apple Beat iPad Expectations [View article]
Faber: S&P Could Decline 20% [View article]
Four Ways Apple Beat iPad Expectations [View article]
Consumer Confidence Takes Baby Steps Forward [View article]
www.reuters.com/articl...
25 Stocks Under $250 Million Worth a Good Look [View article]
Conservatively, I think it's worth 2x run-rate revs of $30 million (i.e., $60 million) plus over $15 million in net cash plus over $30 million in NOL carryforwards. If you add all this up and divide it among the 24.1 million shares outstanding, you get a value north of $4.35/share, vs. yesterday's close of $1.52.
Institutions Still Allocating Capital to Stocks [View article]
Oh, no, this can't be true. After all, this is the rally that has to continue because no one believes in it.
Where's the Growth? Not in Top-Line Sales [View article]
Barack Hoover Obama? [View article]
This is a nonsensical statistic that doesn't count all the crap the Fed has put on its balance sheet as "spending".
FriendFinder: Not Your Father's Social Networking IPO [View article]
You don't know my father!
The Statist Hoax [View article]
*I* am Spartacus.
(Okay, now who out there is old enough to get that one?)
Implications of the Stuytown Default [View article]
Total Debt to GDP Trumps Everything Else [View article]
Trouble Brewing for the Baltic Dry Index [View article]
Let's just convert them to yachts for the guys at Goldman... The boats should be finished just as their stock bonuses vest.
Pro Investors Most Risk Hungry in 5 Years [View article]
Why Paul Krugman Should Be Fed Chief [View article]