Jeffyboy

7 Comments

    • Global Capital Asset Death Spiral [view article]
      I think the article was good. As far as I know the is no resolution trust on the table. Which means we are to flounder until mark to market fundamentals start to show a reversal in valuations (could happen any day) or a complete work off of questionable debt (could take 5-10 years).

      The problem here is clear heads. Nothing has changed in the world we are all the same people with essentially the same problems we had before this crisis. This is an over reaction that may cause all of us great harm. Buy stocks!!! Quit being over-reactionary and insisting the sky is falling.       Sep 10 06:45 AM
    • Banks Scramble to Refinance Their Long-Term Debt [view article]
      You are a doom and gloomer, Mike.

      The sky is falling.

      Or banks and other financial institutions are doing what they always do in these times. They are riding it out. Right now they are getting bad deals on the debt. They will refinance as things turn. Maybe one of these companies will fail, but I doubt it. As time goes on they will start to turn the corner and will live to see the next FUBAR. CITI and AIG probaly got the most damage. It will be interesting to see how they play there way through this bad time.       Aug 19 09:19 PM
    • GM, Ford: Big Mistakes Keep Piling Up [view article]
      Ford and General Motors have similar but not the same problems.

      Ford and General Motors need part/option reductions which they are doing that will save ton's of money.

      Just a decade ago Ford and GM where so strong they were buying everything they could. They need to get ROI on their purchases. Ford determined they could not with Jag/Land Rover in a timely manor so they dumped them. Again part consolidation is key here.

      All the crap about Electric cars is stupid. Not being first to market is typically the one who has less lessons learned in the auto industry. Rushing (not being ready) to the market is something that has always hurt the US autos. I think there is and will be room to enter Fuel Cell/Electric auto market after the company has truly made a product.

      Talking about product mixes I think is a valid complain, but they may know more about what is selling or needed then I do. I think Ford is doing right by bring european vehicles here. I think GM is a little slower here and it may end up hurting them but GM has a good core of products.

      Everyone wants to complain about Ford and GM but they have done essentially what we wanted as consumers and that is not reduce product lines. But it is time. Toyota has 3 product lines with little overlap. Ford and GM have collectively over 2 dozen product lines world wide and and have alot of over lap. This has a high cost. It is time to reduce cost.

      Bitch about Ford and GM all you want. When (And they will) they straigten out, Toyota will get whipped (Honda is a much better car company). Market cap aside Ford and GM have a large foot print sand can put out.

      Watch and see. :)       Aug 18 05:36 PM
    • The Ford Debt Disaster Continues [view article]
      That is a good analysis of a snapshot. Your comments on debt is a common theme right now.

      I disagree on the level that the debt is completely poor. If they sold this debt off they would get much less then the loan loss value of the debt out there. They need to ride it out. That is the best thing for the current stockholders.

      But what is clear which is what I think you are speaking to. Is american auto industry need to work on understanding making and selling cars at a profit. All of this financing mumbo-jumbo has deluded their ablility to perform well against their competition. The American auto industry has relied on financing to sell the car and less on the car.

      Seeing what I am seeing from Ford, I think they get that. It would appear they are trying to reduce models down to what sells and build off of that. GM seems to be moving a little slower in that direction but toward that direction. Chrysler is not transparent enough but seems to be looking to building production effiencies to make their cars profitable.

      Ten years ago the american auto industy had good years but they again lost their way. Twenty years ago the American auto industry was beaten up like it is today and they came back.

      The problem is the american auto industry need consistant stewardship. They make good cars and have good ideas. But they continue to take their eyes off their products and its values and depend on finding profits outside of their core products.       Aug 10 08:44 AM
    • Read This Before Buying E*Trade [view article]
      Wow,

      You guys look at investing with alot of passion. I bought ETFC because I like the products and services and I use them. Yes they have problems and those problems have been more than factored into the price of the stock.

      Etrade is not in a position of going bankrupt. It has to be extra careful navigating through the next year or two. If they fail to navigate they could be back in the position of possible BK.

      Not all loans fail, and when loans fail they don't all get together and do it in the same day. If you are long in the stock and you beleive in the idea that the economy will recover then stop getting so excited. August to Novemeber of 2007 is when this all started, it has only been a few months. Once more time has gone underneath these loans they are more supportable. Once the economic situation gets better the loans are more supportable.

      If things fail at ETFC they will probably fail at other institutions as well. Littlle comfort, but we need deversity.

      One thing the author did put out is that ETFC in comparision to WAMU or Countrywide, ETFC has other business units to help support the system through the crisis. A year or two from now ETFC should zoom back.

      I liked the article and glad it came out now and did come out a month ago, zealous shorts would have loved it.

      Prescient11, you are why I love reading this stuff. I think you held the authors feet to the fire.

      Etrade is one of best values in the stock market right now. I love ETFC.       Feb 21 07:12 AM
    • E*Trade Will Recover [view article]
      I am a relative nubie to E*Trade, I used an expensive big name broker. I never got information I requested, it had no web based system. (They said they did but it was not good for anything.)

      I tried E*Trade and I have been in love with the system. For a small fry, I feel like I have the power of a major wall street player. I move money from saving to trading, bling it is done. I order a stocks, click, click, bling it is done.

      I feel lucky to buy the stock at this level and I feel everyone who shorts the stock or puts the company down are STUPID.       Jan 19 12:25 PM
    • Jim Cramer's Mad Money Lightning Round, 1/8/08: ICE Will Heat Up [view article]
      Jim Cramers read on E*TRADE is amazing. On 11/13/2007 he says E*TRADE is solid at its core. Then a week later he says, "E*TRADE is going down!" Then a week after that the deal with Citadel (11/29/2007 article), he says, E*TRADE is saved. Then a week later he says, "I would not touch E*TRADE with a ten foot pole." Later yet he says they are alread bankrupted they don't know it yet.

      He cannot have omnipresent knowledge of the company that contradicts itself. What he his doing is trying to bully a stock into bankruptcy to say, “Hey, I was right.”

      90 percent of the stocks he says “buy buy buy” to have already yielded 100 %to 200% growth over time. Buying it before the growth curve while it is cheap is smart, he is not. Sell, sell, sell Jim Cramer.

      I do agree E*Trade has a problem, it is easier for them (E*Trade) to fix their problems then CFC or WM (Country Wide or Washing Mutual) because they have products to sell outside of lending that has a good profit margins. E*Trade offers bank function, options trading, stock trading, bond, access to foreign markets, and access to futures markets. We small traders do not have a one stop shop that is affordable to access these markets. That means E*Trade’s business has value at least in my eyes. And truly they have value. Not all loans default and neither do they default at the same time.

      This is the stock market’s Y2K moment of the year and Goldman Sacks and others are beating the drums to make money off a bunch over reactive small traders. Why do Goldman and Cramer play these games? Money is made off shorting stocks. And since they lost a decent amount of money on CDO’s they got people to prescribe to they figure they can make back their bonuses by driving people to sell and the have made the money off the short.
      Jan 10 04:50 PM
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