We need to stop bashing rich people and big business, says Jamie Dimon. Our country is the greatest in the world, and our businesses are world class institutions that provide a wealth of products, employment and services. Our focus should be on dealing with the "bad apples" in the bunch, not denigrating entire institutions. Owning a big business doesn't make you evil, and just because you're rich, doesn't mean you're bad. (audio) [View news story]
I wish Dimon would tell us who exactly is saying all rich people are bad and that owners of big businesses are evil. Aside from groups of disorganized, unemployed 20 something's 'occupying' places, of course. What Dimon is objecting to shouldn't be confused with asking someone to pay a bit more of their income in taxes.
Should You Join Cerberus' Stephen Feinberg By Investing In GeoEye? [View article]
Interesting piece; i too am long GeoEye and think its still priced attractively despite having been down under $20 when speculation over the enhanced view contract was at a fever pitch. My purchases are not quite as bad as Feinberg's with breakeven at $25 and change. I agree with the reasoning regarding the Enhanced View Contract; one more reason I would offer is the recent increase in tension in the middle east, particularly over Iran's nuclear ambitions, which has been a timely reminder of the importance of superiority in intelligence gathering. I also think that GeoEye will re-appear as an attractive target for M&A once there is more clarity on funding of the contract, and a take-private by Feinberg is probably not out of the question either.
We need to stop bashing rich people and big business, says Jamie Dimon. Our country is the greatest in the world, and our businesses are world class institutions that provide a wealth of products, employment and services. Our focus should be on dealing with the "bad apples" in the bunch, not denigrating entire institutions. Owning a big business doesn't make you evil, and just because you're rich, doesn't mean you're bad. (audio) [View news story]
Should You Join Cerberus' Stephen Feinberg By Investing In GeoEye? [View article]