Comments on Vikas Agarwal's articles RSS Syndication from SeekingAlpha.com http://seekingalpha.com/author/vikas-agarwal/articles http://seekingalpha.com/article/96663-will-bofa-cut-its-dividend?source=feed#comment-271991 271991 Thu, 02 Oct 2008 16:11:53 -0400 So nice to hear from people who never make a mistake.
Thanks for your enlightening contribution.]]> http://seekingalpha.com/article/96911-circuit-city-s-shares-no-different-than-a-lottery-ticket?source=feed#comment-267614 267614 Sun, 28 Sep 2008 13:58:16 -0400 CC's mkt cap is 230 Million.
WMT's mkt cap is 236 Billion
BBY's is 16 Billion
RSH's is 2.3 Billion
It looks like CC is .1% of WMT, 1.4% of BBYand about 10% of RSH in mkt cap. I'm not splitting hairs. I'm just trying to get my head around the scale of the players in the market. They're going into the gunfight for the holiday season spending dollars with a short pointy stick, and if they're really lucky, they won't poke out their other eye. ]]> http://seekingalpha.com/article/96911-circuit-city-s-shares-no-different-than-a-lottery-ticket?source=feed#comment-266493 266493 Fri, 26 Sep 2008 19:27:27 -0400
You're right that CC waited too long to get rid of Schoonover. Now that he's gone, the stock is trading at $1.37.

CC's market cap is less than 10% of WMT's.]]> http://seekingalpha.com/article/96911-circuit-city-s-shares-no-different-than-a-lottery-ticket?source=feed#comment-266142 266142 Fri, 26 Sep 2008 13:31:28 -0400 http://seekingalpha.com/article/96917-msft-now-s-the-time-to-buy?source=feed#comment-263701 263701 Wed, 24 Sep 2008 12:52:55 -0400
Necause they are SO well positioned: Ballmer at the helm; Win Mobile getting creamed by the iPhone; Vista a paragon of OS perfection; Xbox still losing money.

I think MSFT should buy back even MORE stock. 60 Billion. And then when the stock price doesn't budge, all that cash has simply evaporated.]]> http://seekingalpha.com/article/96934-government-bailout-we-are-all-keynesians-now?source=feed#comment-263665 263665 Wed, 24 Sep 2008 12:29:20 -0400
It isnt the Latino's that are to blame, but the congress who repealed Glass-Segal allowing wall street to go from a max of 12 to 1 leverage to unlimited leverage. Congress who pushed lending to anyone with a pulse, especially any monority. This encouraged fraud, provided big profits to wall street, big political contributions to congress and screwed main street.]]> http://seekingalpha.com/article/96911-circuit-city-s-shares-no-different-than-a-lottery-ticket?source=feed#comment-263591 263591 Wed, 24 Sep 2008 11:41:01 -0400
If CC is so well run, why is its stock down over 90% this year?

If CC has such good management, why did the company reject buyout offers of $23/share (2005), $17/share (2006) and $8/share (2008)? [Current price: $1.60]

If CC is so much better run than its competitor, why did its principal competitor announce cumulative revenues of over $105 billion, and earnings of $3.9 billion over the past 3 fiscal years, while CC produced $35.7 billion iin revenue and net losses of $184 million over the same period? (Interestingly enough, CC's combined revenues over the past three years were $5 billion less than BBY's revenue for 2008 alone.)

You, friend, need to read the financial statements.

]]> http://seekingalpha.com/article/96917-msft-now-s-the-time-to-buy?source=feed#comment-263575 263575 Wed, 24 Sep 2008 11:27:25 -0400 http://seekingalpha.com/article/96917-msft-now-s-the-time-to-buy?source=feed#comment-263539 263539 Wed, 24 Sep 2008 11:02:39 -0400 http://seekingalpha.com/article/96917-msft-now-s-the-time-to-buy?source=feed#comment-263410 263410 Wed, 24 Sep 2008 09:34:55 -0400 http://seekingalpha.com/article/96934-government-bailout-we-are-all-keynesians-now?source=feed#comment-263100 263100 Tue, 23 Sep 2008 23:16:04 -0400 http://seekingalpha.com/article/96911-circuit-city-s-shares-no-different-than-a-lottery-ticket?source=feed#comment-263089 263089 Circuit City is not much different than any other publicly traded > company operating in today’s hostile market environment. As far as > I’m aware, they made a very prudent move by firing high cost commissioned > sales reps and replaced them with lower cost employees. Wha... Do you have any idea what you are talking about? First off they didn't fire all of their commissioned staff, they did retain a good deal of it, when "Soon Over" decided that as hourly staff they still made too much, did the entire problem really begin. By wiping out the most experienced 10% of your staff at once ( unlike Best Buy who does the same thing, but more gradually so the accumulated experience isn't lost as a big shock), close rates fall off, people have a "bad" perception of your company, and employee motivation to do well all go out the window. Maybe that's why the Home entertainment division is now paid base PLUS a group commission. On Sep 23 03:54 PM User 268036 wrote: > As far as > I’m aware, circuit has some of the best web based training available > for sales reps and it doesn’t take much time to get them up to speed. Circuit City digital training is a joke. As a current sales rep who managed to survive "Phil" I can tell you that no amount of "digital" training is ever as useful as getting the right people who want to sell and are not afraid of customers. Sales skills are taught one on one with role playing, repetition, and reinforcement of successful behaviors, not watching a badly made shockwave presentation with a rented Lenovo. Product knowledge is more effectively served by spending about an hour each day going through the "trade" magazines like Wired, Engadget, Gizmodo, DP Review, et cetera to learn about product. > Circuit City is a much better run company than it’s competitor but > they are only a casualty of negative public perception. You are really "Flogging" here, I would think that looking at the comparable quarterly statement released by both companies in the past year would say differently. > I’m sure that most stock holders have seen volatility through most sectors > and many stock values are based strictly on Wall Street emotions > instead of facts. As far as I’m aware, most company stocks as of > today isn’t too much better than the purchase of a lottery ticket > but as it pertains to Circuit City, I say that it’s a matter of patience. > This company will be fully restored and be made whole again. My suggestion > is to buy as much as you can afford and watch your money grow by > 10+ fold. I could put that money into an FDIC insured passbook savings account and get a 10 fold increase, and I'm willing to bet it would be more likely to happen with the passbook savings, and much faster. ]]> Tue, 23 Sep 2008 22:56:27 -0400
> Circuit City is not much different than any other publicly traded
> company operating in today’s hostile market environment. As far as
> I’m aware, they made a very prudent move by firing high cost commissioned
> sales reps and replaced them with lower cost employees.

Wha... Do you have any idea what you are talking about?

First off they didn't fire all of their commissioned staff, they did retain a good deal of it, when "Soon Over" decided that as hourly staff they still made too much, did the entire problem really begin. By wiping out the most experienced 10% of your staff at once ( unlike Best Buy who does the same thing, but more gradually so the accumulated experience isn't lost as a big shock), close rates fall off, people have a "bad" perception of your company, and employee motivation to do well all go out the window. Maybe that's why the Home entertainment division is now paid base PLUS a group commission.


On Sep 23 03:54 PM User 268036 wrote:

> As far as
> I’m aware, circuit has some of the best web based training available
> for sales reps and it doesn’t take much time to get them up to speed.

Circuit City digital training is a joke. As a current sales rep who managed to survive "Phil" I can tell you that no amount of "digital" training is ever as useful as getting the right people who want to sell and are not afraid of customers. Sales skills are taught one on one with role playing, repetition, and reinforcement of successful behaviors, not watching a badly made shockwave presentation with a rented Lenovo. Product knowledge is more effectively served by spending about an hour each day going through the "trade" magazines like Wired, Engadget, Gizmodo, DP Review, et cetera to learn about product.

> Circuit City is a much better run company than it’s competitor but
> they are only a casualty of negative public perception.

You are really "Flogging" here, I would think that looking at the comparable quarterly statement released by both companies in the past year would say differently.

> I’m sure that most stock holders have seen volatility through most sectors
> and many stock values are based strictly on Wall Street emotions
> instead of facts. As far as I’m aware, most company stocks as of
> today isn’t too much better than the purchase of a lottery ticket
> but as it pertains to Circuit City, I say that it’s a matter of patience.
> This company will be fully restored and be made whole again. My suggestion
> is to buy as much as you can afford and watch your money grow by
> 10+ fold.

I could put that money into an FDIC insured passbook savings account and get a 10 fold increase, and I'm willing to bet it would be more likely to happen with the passbook savings, and much faster.


]]> http://seekingalpha.com/article/96911-circuit-city-s-shares-no-different-than-a-lottery-ticket?source=feed#comment-262824 262824 Tue, 23 Sep 2008 15:54:52 -0400 http://seekingalpha.com/article/96917-msft-now-s-the-time-to-buy?source=feed#comment-262761 262761 Tue, 23 Sep 2008 14:52:42 -0400 http://seekingalpha.com/article/96917-msft-now-s-the-time-to-buy?source=feed#comment-262678 262678 Tue, 23 Sep 2008 13:56:39 -0400 ]]> http://seekingalpha.com/article/96917-msft-now-s-the-time-to-buy?source=feed#comment-262598 262598 Tue, 23 Sep 2008 12:52:45 -0400 http://seekingalpha.com/article/96917-msft-now-s-the-time-to-buy?source=feed#comment-262586 262586 Tue, 23 Sep 2008 12:39:07 -0400 http://seekingalpha.com/article/96934-government-bailout-we-are-all-keynesians-now?source=feed#comment-262490 262490 Tue, 23 Sep 2008 11:06:17 -0400
I think Wall Street acted as thieves. They created loans that required no documentation, evidence of employment or downpayment. In some cases home buyers were taking cash out at closing, so in essence they were being paid to buy the home! Wall Street bundled these "Mortgages" together and sold them as AAA rated! That's criminal.

We should not bail out the thieves. ]]> http://seekingalpha.com/article/96934-government-bailout-we-are-all-keynesians-now?source=feed#comment-262452 262452 Tue, 23 Sep 2008 10:40:11 -0400
Keynesian thought runs along the lines that as long as you keep people spending that things will be fine. Problem is when you start printing endless amounts of the stuff they spend. The medium of exchange's value eventually approaches zero and no seller is willing to accept it unless forced to do so.

You can't build an exchange based economy based on a valueless medium of exchange. It won't work forever. Sadly, the US has just about reached the point where the wheels come off under this type of system. Not only are people going to start questioning whether it's a good idea to hold dollars, they're doing so at a point where we're buried in debt that has no meaningful way of being repaid.

This will require some serious pain to unwind. Passing legislation to reward the people who have been driving the bus toward the cliff because they threaten not to stop won't make the huge piles of debt-based losses go away. It just transfers the pain to the public in general instead of those who deserve to suffer.

Let them fail. We'll be better off in the long run. Maybe people will think twice about living beyond their means afterward and society can rebuild itself on a stable, savings-based foundation again.]]> http://seekingalpha.com/article/96917-msft-now-s-the-time-to-buy?source=feed#comment-262414 262414 Tue, 23 Sep 2008 10:15:02 -0400 This investment at this time will make your portfolio happy. I agree 100 percent with this recommendation by Agarwal. MarvinMBA
]]> http://seekingalpha.com/article/96934-government-bailout-we-are-all-keynesians-now?source=feed#comment-262405 262405 Tue, 23 Sep 2008 10:05:19 -0400 http://seekingalpha.com/article/96663-will-bofa-cut-its-dividend?source=feed#comment-261739 261739 Mon, 22 Sep 2008 14:29:55 -0400 Improve their significantly significantly?? "Unless the company significantly increases its significantly in next few quarters"

This is an error in editing by seeking alpha. The article is also available at
valueinvestmentblog.com/
]]> http://seekingalpha.com/article/96663-will-bofa-cut-its-dividend?source=feed#comment-261694 261694 Mon, 22 Sep 2008 13:48:35 -0400
My Credit Card was bought by BofA.. Boy what a bunch of scam artists and liars. I'm waiting to see who buys Wamu where I bank. If it's BofA, I'm running like a scared rabbit!

jegan ]]> http://seekingalpha.com/article/96663-will-bofa-cut-its-dividend?source=feed#comment-261262 261262 Mon, 22 Sep 2008 08:52:26 -0400 http://seekingalpha.com/article/96663-will-bofa-cut-its-dividend?source=feed#comment-261259 261259 Mon, 22 Sep 2008 08:48:51 -0400
This move is going to reduce BAC dependence on consumer/small business banking by adding future revenue streams from global wealth mgt and global corporate and investment banking.

Long term I think its a good move. Short term I agree that they will need to reduce the dividend given increase in shares outstanding.]]> http://seekingalpha.com/article/96663-will-bofa-cut-its-dividend?source=feed#comment-261205 261205 Mon, 22 Sep 2008 08:11:47 -0400 It will dilute per share earnings in the short run because Merrill has been losing money. In a year or two the EPS should be back around where it was because Merrill will earn money. BAC was projected to earn about $3 per share in 2009. There will be about 1.3B new BAC shares for the MER acquisition, (50B/37.48=1.3B), to keep EPS the same they will have to have total net income of 17.7B next year instead of 13.7B]]> http://seekingalpha.com/article/96663-will-bofa-cut-its-dividend?source=feed#comment-261194 261194 Mon, 22 Sep 2008 08:03:13 -0400 You mean earnings? If so you should talk about how much their earnings will increase because of MER

]]> http://seekingalpha.com/article/96663-will-bofa-cut-its-dividend?source=feed#comment-261195 261195 Mon, 22 Sep 2008 08:03:13 -0400 You mean earnings? If so you should talk about how much their earnings will increase because of MER

]]> http://seekingalpha.com/article/96663-will-bofa-cut-its-dividend?source=feed#comment-261185 261185 Mon, 22 Sep 2008 07:48:22 -0400
]]> http://seekingalpha.com/article/76110-temporarily-bullish-on-microsoft?source=feed#comment-164277 164277 Thu, 08 May 2008 13:37:27 -0400
EMT can be thought of as existing in three forms: weak, semi-strong, and strong. Weak EMT holds that all public historical information is baked into a stock price so charting and other technical analysis doesn't work. Semi-strong believes that the market responds rapidly to any new public information and therefore not only does technical analysis fail, but fundamental analysis is also useless. Strong form EMT takes this all a step further and posits that all knowledge about a company, both private and public, is already accounted into the stock price; only new information changes the price of the stock and that happens randomly. In strong EMT, no investor acheives above-normal risk-adjusted rates of return.]]>