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Pat Stout  

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  • Etsy Listings Top 34 Million [View article]
    Tom Incorporated,

    Sellers at Handmade at Amazon are not required to sell exclusively on the site, per http://amzn.to/1JD9ZPB

    <snip>What if I already sell online?
    No problem! You can list your products with Handmade at Amazon too! <endsnip>


    Pat
    Sep 3, 2015. 07:39 PM | Likes Like |Link to Comment
  • GM's Share Repurchase Could End Before Year-End 2016... And Waiting For Dividend Announcement [View article]
    GM declared a $0.36 dividend per share, record date Sept 14, pay date Sept 29.
    Sep 2, 2015. 08:30 PM | 1 Like Like |Link to Comment
  • GM's Share Repurchase Could End Before Year-End 2016... And Waiting For Dividend Announcement [View article]
    Daniel,

    Thanks for the comments.

    Pat
    Sep 2, 2015. 06:45 AM | Likes Like |Link to Comment
  • GM Has Lost $13 Billion In Market Capitalization Since The $5 Billion Share Repurchase Plan [View article]
    ark2,

    You showed $18 share appreciation with a share repurchase. GM share price has declined 20% while doing a $2.3 billion share repurchase so far.

    A large 1-time special dividend will not create shareholder value. While a continuous variable special dividend can create value.

    Apple's stock price dropped after it announced the share repurchase plan. More importantly, the market value change of Apple has lagged the stock price.
    Aug 29, 2015. 07:05 AM | Likes Like |Link to Comment
  • GM Has Lost $13 Billion In Market Capitalization Since The $5 Billion Share Repurchase Plan [View article]
    ark2,

    Can you explain why IBM market capitalization is less than the cost of its treasury stock, if share repurchase add value? btw, debt at IBM has surged too. Former owners can buy the entire firm and have money left over. Dell went private for billions less than the cost of treasury stock on its balance sheet.

    How long should investors wait for a repurchase to create value before questioning if it will ever add value?
    Pat
    Aug 28, 2015. 09:16 PM | Likes Like |Link to Comment
  • GM Has Lost $13 Billion In Market Capitalization Since The $5 Billion Share Repurchase Plan [View article]
    ark2,

    This year (2015) GM has spent $2.3 billion to repurchase 63.8 million shares, per 10-Q. Therefore the float should shrink. Unlike your suggestion that the stock price should increase, it has fallen by over 20%. Lower float has seen lower stock price.

    GM investors have lost the use of roughly $1.40 per share (used to repurchase shares) and have seen the market value of their holding decline by 20%.

    Fact is -- GM has not seen share appreciation from the share buyback.


    Pat
    Aug 28, 2015. 03:33 PM | Likes Like |Link to Comment
  • GM Has Lost $13 Billion In Market Capitalization Since The $5 Billion Share Repurchase Plan [View article]
    jraskib,

    When dividends are reinvested by the shareholder, they increases their ownership and income, assuming shares outstanding and dividend rate remain constant.

    When a firm buys back shares, the shareholder does not enjoy an increase in income, and so far with the GM repurchase investors have experienced large decline in market value.

    When a firm repurchases shares, debt per share increases and earnings (loss) per share become more volatile (due to fewer shares outstanding).
    Aug 27, 2015. 09:30 AM | 1 Like Like |Link to Comment
  • Berkshire For Retirement Income [View article]
    The major problem with the "model" is the assumption that a factional share can be sold. The example uses 25 years of data. Therefore $1,000,000 would purchase 5 shares of BRK.A at the current price of $197,800.

    Raising cash would require the sale of 1 share, not a faction of a share.

    Pat
    Aug 25, 2015. 01:57 PM | 3 Likes Like |Link to Comment
  • CPI Shelter Vs. All-Transactions House Price Index [View article]
    Adam,

    Thanks for the comments.

    A little more research uncovered this:

    The expenditure weight in the CPI market basket for Owners’ equivalent rent of
    primary residence (OER) is based on the following question that the Consumer
    Expenditure Survey asks of consumers who own their primary residence:

    “If someone were to rent your home today, how much do you think it
    would rent for monthly, unfurnished and without utilities?”

    And

    For example, if the average rent increase for new tenants in
    an area was 5 percent, a currently-vacant unit that rented six months earlier for
    $1000 would have a current estimated rent of $1050.

    Source: http://1.usa.gov/123ySDY

    Does not look like the CPI shelter index cares if the unit is rented or not.
    Aug 20, 2015. 07:22 PM | Likes Like |Link to Comment
  • Cliffs Natural Resources: What The End Game Looks Like [View article]
    Skeptical12,

    FYI, the preferred stock converts into common stock in early 2016.

    <quote> but I also talk about how the management team remains respected - though they have made some poor recent decisions such as the dividend. <endquote>

    What dividend decision?

    Pat
    Aug 19, 2015. 10:37 PM | 1 Like Like |Link to Comment
  • Etsy: Key To Health Is Listings [View article]
    joeywalnuts,

    Thanks for the comments. Unfortunately Etsy does not supply listing #'s or items sold data in SEC filings. I've been collecting listing data since mid-May.

    Pat
    Aug 14, 2015. 07:11 PM | Likes Like |Link to Comment
  • Riddle Me This: How Did Greece Grow Faster Than The U.S. In Q2? [View article]
    Marc,

    That is the drawback of "real" growth. Sometimes the growth isn't what the figure might lead one to believe. Seasonally adjusted figures can skew data too.

    Pat
    Aug 13, 2015. 06:34 PM | Likes Like |Link to Comment
  • Etsy: Mauled By Bears, Can Bulls Recover? [View article]
    De White Rabbit,

    Thanks for the forum link. It should be noted that search results will be different for each computer, at least that is the way it used to be.

    FWIW, the bubble necklace front page I viewed and spot checked were sellers with 1 or 2 items available.
    Aug 10, 2015. 01:41 PM | Likes Like |Link to Comment
  • Etsy: Listing Trends Heading Into Earnings [View article]
    Sunny,

    Thanks for the comments. Listings have trended higher. Greater listings expected to drive GMS, revenue and active seller growth.

    Pat
    Aug 4, 2015. 01:47 PM | Likes Like |Link to Comment
  • Cliffs: A Work In Progress [View article]
    S&P upgraded the debt, but the report shows a recovery rating of '4' with two different recovery percentages 50% to 70% and 30% to 50%.

    S&P recovery rating 4 = 30% to 50% per http://bit.ly/1M1HMXb
    Aug 3, 2015. 08:22 PM | Likes Like |Link to Comment
COMMENTS STATS
155 Comments
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