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Sean Weston

 
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  • Is IBM Overvalued? [View article]
    Price to Book is irrelevant with a company like IBM.
    Jul 18 05:50 PM | 1 Like Like |Link to Comment
  • IBM beats estimates, reiterates full-year guidance [View news story]
    Good news. I think the days of IBM below $200 will be coming to an end very shortly.
    Jul 17 04:44 PM | 2 Likes Like |Link to Comment
  • IBM Running Out Of Easy Ways To Keep The Shareholders Satisfied [View article]
    Net income wasn't $1 billion less than a year earlier. It was down 1%.

    Net income in billions:
    2009-$13.4
    2010-$14.8
    2011-$15.9
    2012-$16.6
    2013-$16.5
    Jul 2 02:08 PM | 1 Like Like |Link to Comment
  • Starbucks: Promising Growth Trends Slightly Offset By Potential Volatility In Coffee Prices [View article]
    That's true db. The problems facing Starbucks are not unique in that, as you say, food/beverage providers all are pressured by volatility in their commodity prices.
    Many of the others have the benefit of having multiple sources available in their pipeline, which helps diversify away from a reliance on one commodity/area, though. Starbucks has their eggs in a lot less baskets. I agree, Starbucks has an excellent management team.
    May 30 11:09 AM | Likes Like |Link to Comment
  • Gold Continues To Crash In 2014 While Buffett Prospers [View article]
    The price of gold prior to 2000 was not relatively stable. It had lost 60% of its value during the last 20 years, which was a period of more inflation than 2000-2010, in which gold skyrocketed. Gold is not reflecting anything regarding the valuation of currencies. Its movement is arbitrary and haphazard.
    May 4 12:44 PM | Likes Like |Link to Comment
  • Gold Continues To Crash In 2014 While Buffett Prospers [View article]
    What happens when 2016 comes and goes and this doesn't happen? I've found the gold bugs are much like Harold Camping. They make their doomsday predictions and they turn out wrong. The solution is the date of doom just keeps getting pushed forward and forward.
    May 2 11:43 AM | 1 Like Like |Link to Comment
  • On Berkshire Hathaway's Dividend Policy [View article]
    David Witt is not the sole voice among Berkshire shareholders that is calling for dividends. Before Buffett went into his dividend policy explanation in the 2012 shareholder letter, he explained that a number of Berkshire shareholders, among them some of his good friends, wanted a dividend.

    Which is what led him to dedicating pages to his explanation. You should read the letter.
    Apr 10 01:37 PM | 1 Like Like |Link to Comment
  • On Berkshire Hathaway's Dividend Policy [View article]
    I trust them not to pay a dividend and deploy cash when the time is right, but I wouldn't say they are the only company that doesn't pay a dividend which is worth buying. You're cutting yourself off from some great companies if you do that.

    DaVita, for example, does not pay a dividend. You'll find that stock inside Berkshire's own portfolio, at a current market value over $2.5 billion, pushing it into their top 10 holdings of common stock, I believe.
    Apr 10 12:03 PM | 2 Likes Like |Link to Comment
  • On Berkshire Hathaway's Dividend Policy [View article]
    Hi Briar. You're right, during Graham's time, share repurchases were pretty rare. Graham passed away in 1976. His last revised edition of II was published in 73. During that time well less than 5% of net income was spent on share repurchases. By 2000, the number was substantially over 40%. Helping this was the SEC relaxing previously held restrictions on the practice in the 80's.

    Unfortunately, many share repurchases are done to counteract the exercising of stock options granted by a company, which increase shares outstanding, and are not done when the stock is undervalued. Fortunately with Buffett and Berkshire, this isn't a problem.
    Apr 10 11:52 AM | 1 Like Like |Link to Comment
  • Berkshire Hathaway's Insurance Businesses Display Resiliency Amid Rising Catastrophes [View article]
    I have a few links in the article I wrote. One is from AIG. It's the one hyperlinked "50%."

    Inside there is where you can hear discussion about how there were 99 weather-related disasters in the U.S. in 2011, a record. You can also find inside of it talk about how the insurance payments due to climatic events have increased 15 fold in the last 30 years.
    Apr 1 10:54 AM | 1 Like Like |Link to Comment
  • Aflac's Japanese Risks Are Overstated [View article]
    How are they destroying their currency? They've been stepping up anti-deflationary actions, to create sustained, positive inflation. It wasn't because they were having trouble repaying their debt. They denominate their bonds in their own currency.
    Mar 14 03:43 PM | Likes Like |Link to Comment
  • Buybacks give IBM a big EPS lift; hardware sales continue plunging [View news story]
    He feels it has a moat, he noted the "sticky" relationship of its business. Net income(although this year was mostly flat), margins and EPS have been skyrocketing. Revenues have not. It depends what you think is more important. Obviously the market right now loves top-line growth with Amazon, even though their bottom-line stinks. IBM is pretty much the opposite. Personally, the bottom line is what matters a great deal more to me. IBM should start to increase revenues in the 2nd half of 2014 anyway.
    Jan 21 06:22 PM | 2 Likes Like |Link to Comment
  • Bitcoin Fails As A Currency And The Bubble Will Eventually Pop [View article]
    Many of the people who get behind bitcoin and/or gold probably aren't going to have any understanding of the panics which took place which led to the Federal Reserve being created, and which the Federal Reserve has done a good job of mitigating. Instead, many seem to think everything was hunky dory before the FED came around and the FED ruined the party. Which is a view that is a result of the enormous amount of right-wing/conspiracy propaganda there is out there on the subject.
    Jan 14 04:31 PM | 1 Like Like |Link to Comment
  • Stop Worrying About IBM's Revenues [View article]
    IBM's announcement that it was spending $1 billion on a new business unit for Watson came about 24 hours after the article came out saying Watson was only making $100 million, If i'm thinking of the right one. It takes more than a day to make a business decision like that. I highly doubt it was damage control, just coincidental timing.
    Jan 9 08:05 PM | 9 Likes Like |Link to Comment
  • 3 Must-Sell Dow Stocks For 2014 [View article]
    There is a lot that goes into IBM. IBM has a total services backlog of $141 billion. Somebody out there must be thinking of them.
    Jan 8 10:16 AM | 10 Likes Like |Link to Comment
COMMENTS STATS
57 Comments
97 Likes