Greenspan Squanders His Final Reserve of Credibility [View article]
All your points (and those Alex Eichler and others) are well taken (and, in some cases, humorous). But, the larger question (and greater fear) is - is Bernanke any different than Greenspan?
Petrobank Energy: Undervalued With Technology That Could Be Worth Billions [View article]
Devon, you say: "The current market capitalization and enterprise value (Petrobank has a net cash position) is roughly $2 billion." As I read the 4q10, they have 110M diluted shares out. At today's closing price of C$19.72 that = a market cap of 2.2B. They also show 17.5M in cash, 824.8M in bank debt and 567.1M in convertible debt (not including pension or future tax obligations). Doesn't that equal an enterprise value of C$3.5B?
The Social Utility of Short Selling [View article]
Felix is right - BUBBLES - GOOD! PRICE DISCOVERY - BAD! (oh, and all those academic studies that have found short-sellers find more corporate fraud than any other group of market participants - and certainly waaaaaay more than government regulators - well, just ignore those studies. After all, if we can take away short-sellers incentives to find the fraud - by not allowing them to sell short - then there will be no corporate fraud, right?)
Greenspan Squanders His Final Reserve of Credibility [View article]
Petrobank Energy: Undervalued With Technology That Could Be Worth Billions [View article]
As I read the 4q10, they have 110M diluted shares out. At today's closing price of C$19.72 that = a market cap of 2.2B. They also show 17.5M in cash, 824.8M in bank debt and 567.1M in convertible debt (not including pension or future tax obligations). Doesn't that equal an enterprise value of C$3.5B?
The End of CCME's Fairy Tale [View article]
Nice work - as always. It's important to let the negative be heard.
14 'Strong Buy' Value Stocks in the S&P 500 [View article]
When Short Sellers Fund Journalists [View article]
The Social Utility of Short Selling [View article]
Felix is right - BUBBLES - GOOD!
PRICE DISCOVERY - BAD!
(oh, and all those academic studies that have found short-sellers find more corporate fraud than any other group of market participants - and certainly waaaaaay more than government regulators - well, just ignore those studies. After all, if we can take away short-sellers incentives to find the fraud - by not allowing them to sell short - then there will be no corporate fraud, right?)