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  • A Whale, Too Big To Jail And Short A Spanish Fly [View article]
    Santander is up almost 30% since Tufenk cobbled together this article. Thankfully, I ignored his advice.
    May 8 12:38 PM | Likes Like |Link to Comment
  • The Stock Market Is Rigged! The Stock Market Is Not Rigged! [View article]
    Shorter David Merkel: No, the market is not rigged. Skimming, by using million dollar fibre optic cables to make you pay more to execute your market orders is not "rigging the market". Too bad for you if you didn't know it was going on.

    Obviously David, you and I have a different definition of "rigging", but then again, like Brad Katsuyama, I'm Canadian.
    Apr 2 12:00 PM | 3 Likes Like |Link to Comment
  • Michael Lewis' Flawed New Book [View article]
    I think the issue is best defined as "unjust enrichment". Pennies here and there are not going to hurt either small or large, sophisticated investors very much. Hopefully you've made much more on your trade than a few pennies. However, there is no reason that any firm should be able to game the system and front-run orders in the way that is described in the book. So the problem isn't so much that small investors are losing pennies as a result of this scheme (and they are), it's that a few firms are unfairly profiting from rigged exchanges (and exchanges that allow themselves to be gamed).
    Apr 2 08:58 AM | Likes Like |Link to Comment
  • Apple Tanking - On Its Way To $650? [View article]
    You gave him the respect he is due.
    Jan 28 11:34 AM | 7 Likes Like |Link to Comment
  • Santander: Why This Is One Of The Best Banks To Buy [View article]
    Spain is Europe's 4th largest economy, and has turned the corner. Not terribly risky when viewed in context: http://read.bi/JYlQQd
    Jan 6 10:57 AM | 7 Likes Like |Link to Comment
  • Santander: Why This Is One Of The Best Banks To Buy [View article]
    So I assume then that you wouldn't invest in most US or UK banks either?
    Jan 6 10:55 AM | 11 Likes Like |Link to Comment
  • A Whale, Too Big To Jail And Short A Spanish Fly [View article]
    An 11% return on a systemically important, geographically diverse, TBTF bank? It's a no-brainer, my friend. Go in big. Leave your money there for 10-15+ years. retire rich.
    Jul 13 09:10 AM | 1 Like Like |Link to Comment
  • A Whale, Too Big To Jail And Short A Spanish Fly [View article]
    Tufenk,

    If "Wall Street" opinion is the issue, can you point to anyone else with Wall Street credibility who has linked Mr. Saenz 20 year old legal issue to Santander's stock performance? Surely there must be many, if "Wall Street" is so concerned.
    Apr 13 06:39 AM | Likes Like |Link to Comment
  • A Whale, Too Big To Jail And Short A Spanish Fly [View article]
    Tufenk,

    I "Wall Street" opinion is the issue, can you point to anyone else with Wall Street credibility who has liked Mr. Saenz 20 year old legal issue to Santander's stock performance? Surely there must be many, if "Wall Street" is so concerned.
    Apr 12 07:36 PM | Likes Like |Link to Comment
  • Bear Hunter Ben, Draghi Vs. Chanos And The Bair [View article]
    It's priced in. Santander, like all big banks, is a money machine. Unless you think that the Eurozone will fail (and I don't), it's a great, high dividend paying, long-term bet. It pays you 10% while you wait for a turn-around.
    Apr 9 10:56 AM | Likes Like |Link to Comment
  • Bear Hunter Ben, Draghi Vs. Chanos And The Bair [View article]
    Look at all of Chanos' short presentations on Santander. He's short because of the exposure to Spanish real estate and other macro issues.
    Apr 9 09:48 AM | Likes Like |Link to Comment
  • Bear Hunter Ben, Draghi Vs. Chanos And The Bair [View article]
    This is the most dimwitted analysis I have ever seen. Saenz' legal troubles have zero to do with $SAN's stock price, which is entirely driven by macro issues and sovereign debt risk.
    Apr 9 09:25 AM | Likes Like |Link to Comment
  • "Here's a novel way to drive up a company’s share price," writes the NYT's Jeff Sommer. "Pay billions of dollars in additional taxes." Forensic accountant Robert Olstein reckons that companies such as Apple (AAPL), Microsoft (MSFT) and Cisco (CSCO) should repatriate the tens of billions dollars they hold abroad, pay tax on it, and then use the rest of the cash to repurchase stock. That would boost their share prices by at least 20%. [View news story]
    Even better, cut a deal with the federal government to direct the tax revenue ara program to put more Aaple computers in school. Win-win-win.
    Mar 24 08:36 AM | Likes Like |Link to Comment
  • A Whale, Too Big To Jail And Short A Spanish Fly [View article]
    That's correct Vincent. This is an old story, and the fact that bears are seizing on it is testament tho Santander's strong position.

    Trust, me, not all anglo saxons have a cardboard negative view of Spain, its political/financial troubles, or its banks. In fact I note that Saenz is being held to a much higher standard than his anglo banking counterparts. And even if the conviction sticks, it will not affect the succession plan at Santander. This stock is still a screaming buy amid the kneejerk Euro-panic.
    Mar 19 09:50 AM | 1 Like Like |Link to Comment
  • A Whale, Too Big To Jail And Short A Spanish Fly [View article]
    You want to short Santander because the vice chairman can't seem to get a pardon for a 20 year old, very well known, "criminal conviction" for something that wouldn't be a crime in the US?

    Good luck with that.
    Mar 18 07:11 PM | 1 Like Like |Link to Comment
COMMENTS STATS
28 Comments
36 Likes