Goldman Sachs Group Inc. (GS)
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- General Discussion on GS
- Back Room Deal? - Cramer's Mad Money (10/10/08) [view article]
- Apocalypse Dow: The Search for Scapegoats [view article]
- Friday Options Update: MS, XLF, WFC, GS, ZION, XRAY, FDRY, HA, GM [view article]
- Buffett's Berkshire: 14 Stocks That Have Gone Up [view article]
- Jim Cramer's 10 Predictions for 2008 [view article]
- The Credit Bubble: Deregulation Gone Wild [view article]
- Buffett Buys GE, Goldman: Should You Follow? [view article]
- Latest On Hedge Funds, Banks And Bailouts [Housing Tracker] [view article]
- Why Is Everybody Selling as Buffett Is Loading Up? [view article]
- Attractive Values - Fast Money Recap (10/7/08) [view article]
- Wall Street, R.I.P. Now What? [view article]
- Pay Little Heed to Economic Reports and Move On [view article]
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- Single Worst Week - Fast Money Recap (10/10/08)
- Apocalypse Dow: The Search for Scapegoats
- Friday Options Update: MS, XLF, WFC, GS, ZION, XRAY, FDRY, HA, GM
- Attractive Values - Fast Money Recap (10/7/08)
- Latest On Hedge Funds, Banks And Bailouts [Housing Tracker]
- Buffett Buys GE, Goldman: Should You Follow?
- Pay Little Heed to Economic Reports and Move On
- Why Is Everybody Selling as Buffett Is Loading Up?
- Is Citi's Gain Wachovia Shareholders' Loss?
- TARP Passes - Now What?
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Fist
Why Is Everybody Selling as Buffett Is Loading Up? [view article]
I have learned a lot from Warren over the last 25 years, perhaps more than any other source. He is one of my favorite influences, but no one is right all the time. There have been periods in the past where he has performed very poorly. I agree with most of the posters here that if we could these special deals it would be a much more compelling time to buy.What a lot of people are not getting (fortunately more and more are everyday as evidenced by public reaction to the bailout) is that what we have going on here is something that our elected officials and the fed have created over a very long period of time. It will take a long time to correct as well. This chaos that just really started to gain traction in the last month is just getting started. The bailout and massive printing of money by the Fed is only going to prolong the pain and drag this thing out.
This time Warren's a little early. He may have the money to weather it, but I'd rather buy at 50% less than he bought.
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Buffett Buys GE, Goldman: Should You Follow? [view article]
I own GE stock and am contemplating selling at a huge loss out of anger and doubt about what this company is really worth and here is why.1. GE's annual report tells us that the company is strategically positioned around the world. OK so they are positive that they are strategically positioned around the world and yet earlier this year Imelt or Omlet as I like to call him couldn't even get their earnings right in pre-release statements and sent the share price down 16% in ONE day.
2. NBC has failed to keep up with Fox news in the ratings. To figure out why I took a look at their news coverage and what do you know. The chearleading for Obama going on on that network will alienate all but the far left for years to come. If you don't believe me try listening to Keith Oberman for 5 minutes with an open mind to the center and right's points of view. I wrote to them to complain and had the privileged of receiving a form letter and I started seeing more of Oberman than ever before. So sadly I have have and unrealized loss of 6K on GE stock and I watch Foxnews because not even when it is in my own economic self interest can I bring myself to tolerate even 5 minutes of Obermans smugness.
3. GE bought back Billions of dollars worth of shares in the high 30's and has now issued 12 Billion dollars worth of common and up to 6 Billion worth of preferred at the low 20's mark. So basically the company has squandered billions worth of capital that would have served the shareholders more had it been dispersed in dividends and now Buffet is being paid to take the risk while the common shareholders have been diluted. Keep in mind that the dividends paid on these new issues will be weighing on earnings for the duration of there existence as will the $4 to $1 debt ratio the company has to finance and pay interest on.
4. With the debt that the company is carrying and the credit market frozen you would think that the liquidity received from recent offerings would be a boon and would be kept for the time being to insure that AAA credit rating on GE capital and yet Omlets press release mentions only the potential acquisitions that GE could make with this money. Yes we have seen how competent thay have been at capital allocation so far.
In the end I have no one to blame for my investment but myself but I would urge anyone thinking about investing in GE to think about whether GE is really looking out for its shareholders given my experience with them so far.
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cannot
compete!
Attractive Values - Fast Money Recap (10/7/08) [view article]
One guy says FCX is cheap and get in...the other says it doesn't matter, noone wants in. Who to believe? Believe yourself...and the fundies. Forced selling may have put the price in the crapper for a while now...but we're heading into earnings season, and those who don't sell...or avoid buying tremendous bargains due to fear and panic...will be sitting pretty after earnings come out!Another point:
"Najarian told viewers to look at General Electric and Goldman Sachs, which are trading below the prices that Buffett bought in at."
Um...fine...but Buffett is diluting everyone else. And he didn't buy common stock -- he gets his own preferred shares that pay 10%! I'm not jumping in on that deal -- both GE & GS now have additional cost overhead to pay Mr. Buffett.
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Wall Street, R.I.P. Now What? [view article]
Wall Street R.I.P., our thoughts exactly. That is why we've created, the Wall Street Coffin. It's a real miniature coffin with an engraved brass plaque memorializing Wall Street or one of its fallen titans.www.wallstreetcoffin.c...
We are donating 15% of our sales to charity to do what we can to help during these tough times. Reply
Why Is Everybody Selling as Buffett Is Loading Up? [view article]
Hmm...ex-Goldman Sachs CEO creates $700 billion plan to buy securities...Buffett enters sweetheart deal with Goldman Sachs...What is $5 billion to Buffett anyway? The two deals are about 5% of his company. He bought CEG after it collpased. The electric battery company is interesting, but again, $230 million. Peanuts. Reply
Pay Little Heed to Economic Reports and Move On [view article]
tedstr is right, apple is on a clear upswing. They simply have the better mousetrap when it comes to any of their products, iPod, iPhone or Mac, they all are far better than the 'competition'. ReplyCapital
Why Is Everybody Selling as Buffett Is Loading Up? [view article]
Right now, you can buy his investments for less then what he paid. What do you mean you can't get his deals? ReplyLatest On Hedge Funds, Banks And Bailouts [Housing Tracker] [view article]
Zebra, your plase is some where else,not to try to scare the hell of us ReplyPay Little Heed to Economic Reports and Move On [view article]
better than that...the real story is the end of the Wintel monopoly. Intel chips in Macs and dual operating environments means every PC owner lusting after a beautiful Mac now has no barriers to entry. This is why their laptop business is booming and a wholesale switch to Macs is on. The phones are a sideshow to this phenom.This is why Gates is retiring, Vista was an attempt to mitigate the damage by emulating an Apple interface, gone horribly wrong, and Balmer is gone nuts over MSN, his only lifeboat. Buy apple, sell MSFT Reply
Why Is Everybody Selling as Buffett Is Loading Up? [view article]
If I could get the deals that Warren has, I would invest too. Unfortunately, I don't have billions sitting around in my mattresses.This capital enables him to get extremely good deals--at the front of the line in terms of preferred shares, earning interest at rates unheard of for the "common man," and having an option to buy stocks below at or below current market prices when the long-term expectation (& Warren's only concern) is that they will go up.
About the only way I can get that deal is to invest in BRK! Reply
Lathrop
Buffett Buys GE, Goldman: Should You Follow? [view article]
Wallstreetoughguy.comLets imagine you were working out at the Wall Street New York Sports Club with a cut on the sole of your foot. You walk across the shower floor and later develop an antibiotic resistant strain of stapholoccus (MRSA). It gets worse and worse. You get really sick and you have to go to the hospital.
The doctor comes in and says: Listen tough guy, you're done. Eventually that MRSA is going to work its way up your leg and kill you. I could amputate your foot but why bother?
My guess is that you would argue to your doctor that you could enjoy another 40 years of your life without your foot and that given a rusty hacksaw, you would do the job yourself.
Now, if you were an enormous foot, that's a different story. Reply
Why Is Everybody Selling as Buffett Is Loading Up? [view article]
Most talk. Warren walks. Replyughguy.com
Buffett Buys GE, Goldman: Should You Follow? [view article]
Buy financials (and YES, GE is a financial) because Warren is buying them? No way. Buffett got sweetheart deals that nobody else can access. And besides, what he does with billions and billions of dollars has zero bearing on what the average investor should do with his portfolio. After all, we are far more liquid and can be far more flexible. Replyughguy.com
Attractive Values - Fast Money Recap (10/7/08) [view article]
I love that these guests are telling us that the market is wrong about stocks. Whether the market is right or wrong, those who are long have been getting wrecked. The advice of these long-only managers is completely useless because they are constrained by their mandates. ReplyLatest On Hedge Funds, Banks And Bailouts [Housing Tracker] [view article]
zebra zebra: Did you miss the AIG boat, and are now simply trying to talk the stock down so as to buy it cheaper? Your conclusion totally contradicts the message in the article you cited. If Ackman, a notorious short-seller, suddenly loads up with AIG stock (as he did successfully with Wachovia) , what does this tell you? Cerainly not that you should 'sell' AIG. Maybe you didn't understand the article, so I'll repeat it below:“Bill Ackman, who heads the Pershing Square hedge fund [and has been short financials for a long time] has switched gears, snapping up significant stakes in Wachovia and American International Group Inc.(AIG)—his first investments in financial institutions in five years. Mr. Ackman said he began acquiring a 180 million-share, or 9%, stake in Wachovia last Monday, after the North Carolina bank agreed to be acquired by Citigroup Inc. Since then, he’s had the good fortune to see his stake rise significantly after Wells Fargo & Co. trumped Citi’s (C) bid late last week.” (Crain’s NY Business, Oct. 6)
Sounds like a case of sour grapes to me.
On Oct 07 05:16 PM zebra zebra wrote:
> SELL!! AIG is DONE!! Reply