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Randy Sommovilla

Randy Sommovilla
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  • Electrolux says it is not in DoJ settlement talks over GE [View news story]
    Immelt's strategy is supposed to be returning GE to its industrial roots. Why the sale of an industrial division? Granted, and as I understand it, the appliance business is currently only marginally profitable. But the sale of it has been on his mind for quite some time. Given that mindset, how much attention or investment has it received? Other than creating a large bonus pool, what will be done with the cash? Is GE's appliance business so attractive to Electrolux only for the probably illegal market domination in specific appliances and the pricing power it would entail? If that is the purpose, then both companies have been telling lies to the press and regulators. If that is not the reason, then Electrolux's purpose must be to make a reasonable profit in the business. Why can't Immelt do that? Maybe it's time for him to stop giving his attention to deals and look at improving the businesses GE already owns.
    Nov 23, 2015. 04:37 PM | Likes Like |Link to Comment
  • Quarz Capital Management's Open Letter (Dated Nov. 10, 2015) To Apple Pushing For Split Of Apple's Software And Services Operating Numbers [View article]
    In Apple's case, the whole is worth more than the sum of its (integrated) parts.
    Nov 20, 2015. 01:30 AM | Likes Like |Link to Comment
  • Will Low Oil Prices Keep Driving Up Altria's Revenue? [View article]
    Just because two graphs move somewhat in tandem or even in opposite directions is no reason to draw the kind of cause/effect correlation the author has attempted. can we correlate the price of iron ore to tobacco products?
    Nov 1, 2015. 05:25 PM | 1 Like Like |Link to Comment
  • Altria Now Supports Anheuser-Busch's Takeover Of SABMiller [View article]
    INBEV is a combination of a Belgian and Brazilian companies. BUD's headquarters are now in Belgium, not St. Louis. The managing executives are Belgian/Brazilian. It is simply not an American company anymore regardless of stock ownership. Could Royal DUTCH Shell in any way be considered an American company even if Americans owned a majority of the shares? I'm not a xenophobe just a sentimental patriotic American who hates to see iconic American companies being picked off because of tax inversions.
    I wonder what the Clydesdales think about it.
    Oct 8, 2015. 09:25 PM | 4 Likes Like |Link to Comment
  • Amazon's Apple TV Ban Was Not About Hardware Sales [View article]
    People who want Apple TV will buy it regardless of its availability on Amazon. They will also use Apple streaming services, not Amazon's. The net effect on streaming is negligible at best.
    Oct 8, 2015. 04:54 PM | 3 Likes Like |Link to Comment
  • Altria Now Supports Anheuser-Busch's Takeover Of SABMiller [View article]
    I know that SAB and BUD are now owned by European companies. How soon before every iconic name in American business is foreign owned? I guess I'm just a sentimental fool.
    Oct 7, 2015. 11:43 PM | 2 Likes Like |Link to Comment
  • GE to sell asset management arm [View news story]
    If GE uses the cash for buy backs, EPS, not profits, will rise and Immelt and cohorts will just point to this to justify even more compensation. A nice one time dividend will make shareholders much happier.
    Sep 11, 2015. 09:37 PM | Likes Like |Link to Comment
  • GE to sell asset management arm [View news story]
    The industrial divisions have never been as profitable as the financial ones.
    Sep 10, 2015. 06:53 PM | 1 Like Like |Link to Comment
  • Bottled water on course to outsell soda by 2017 [View news story]
    Think choking on plastic.
    Aug 28, 2015. 08:52 AM | 1 Like Like |Link to Comment
  • Mylan slumps after Teva's deal with Allergan; reaffirms interest in Perrigo [View news story]
    Did TEVA finalize the Amgen generics deal?
    Jul 27, 2015. 03:39 PM | Likes Like |Link to Comment
  • Alstom to take €300M hit to help GE sale approval [View news story]
    What's the difference between freezing dividends and freezing dividend increases?

    On another blood boiling point: The EU's anti trust watch dogs' latest target is Qualcomm. Just add that name to the many American companies whose innovation and ground breaking technology and technology applications are being victimized in Europe because they do enjoy market dominance because of that and not because of anti-competitive behavior. I call it Euro-Jealousy. The thrust is not to inhibit ant-competitive behavior but to cut out territories in favor of European companies. Maybe we should counter that xenophobia with some of our own. And that is coming from a free trade advocate.
    Jul 27, 2015. 03:37 PM | 2 Likes Like |Link to Comment
  • Apple: Fundamental Story Taking A Turn? [View article]
    Are WE911 & Wolfe911 one and the same, but using two different names to increase the number of SA Apple dissing idiots? I'm sure glad that Tim Cook did not announce Watch sales. However impressive they may have been, the WEs and Wolfes of this world would be calling them disastrous and announcing the rapid descent of the sky.
    Jul 23, 2015. 04:48 PM | 3 Likes Like |Link to Comment
  • Bristol-Myers Squibb beats by $0.17, beats on revenue [View news story]
    Significantly beats on earnings & revenue. Share price down $1.16. Can anybody explain this?
    Jul 23, 2015. 04:11 PM | Likes Like |Link to Comment
  • EU to warn GE on Alstom power deal [View news story]
    Didn't like the deal from the start. Another example of European jealousy. It's time for politicians to react to this protectionism and place European acquisitions under the same scrutiny. Antitrust concerns are nothing but a cover for blatant protectionism. Immelt has already given enough away. Time for GE to back out and invest in transportation business that it was giving away to Alstom. Just add this to EU attacks on Google, Apple, Microsoft, etc.
    Jun 11, 2015. 10:04 AM | 2 Likes Like |Link to Comment
  • Anti-soda push picks up in San Francisco [View news story]
    What would you expect? It's San Francisco. Next up--cheeseburgers.
    Jun 9, 2015. 11:50 PM | 18 Likes Like |Link to Comment