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  • The New York Mortgage Trust Poker Game [View article]
    Looks like a dump after divi payout.
    Sep 25, 2015. 09:50 AM | 1 Like Like |Link to Comment
  • IBM's Currency Problems May Be Over [View article]

    Apparently not reading the same report, with the exception of Japan (minus GAAP), IBM is LOSING in every market on the planet, that's impressive. Software (Saas) is their bread & butter - not anymore, there's nothing in the pipeline that anyone wants.

    RA's (Resource Actions) is POLICY now, that kind of policy is not productive for growth. The outsourcing outfits are horrendous, with employees asking their American counterparts for solutions on products they designed in the first place. Brilliant.

    Will be looking forward to a in-the-near future post of your new position with IBM and watching how it works out.
    Aug 26, 2015. 12:20 PM | 3 Likes Like |Link to Comment
  • Dividend Aristocrats In Focus Part 30: Sigma-Aldrich [View article]
    Merck KgAA IS a different company, but this buyout is a total coup. SIAL has two very large subsidiaries in Mexico and Canada, that tax money (through inversion) can now go straight to Germany (roughly $130 million). SIAL actually has a bigger market share of the other company Merck recently bought - Millipore. So in this instance, they will be compatible, trim the double, possible triplicating areas after merger, and monies will pour in as Millipore was already super profitable in it's own right. This is not just a chemical company, which is roughly 75%, the rest is all pharma related, including their serial law breaking sister Serono, now all will be under the Merck KgAA umbrella.
    Feb 25, 2015. 03:09 PM | Likes Like |Link to Comment
  • IAMGOLD shareholders re-elect board of directors [View article]
    Meanwhile, insiders continue to dilute share price. I'm sure they will ignore the shareholders vote coming soon as to enrich themselves again. Of course, as the POG is pressured downwards (for whatever reason), IAG no longer becomes profitable on their gold interests, keeping only niobium mines in operation.
    May 12, 2014. 09:02 AM | Likes Like |Link to Comment
  • IBM's Culture Is Its Best Long-Term Investment Metric [View article]
    Wow, is this a company spokesperson?

    The poster above you has it right. The PBC change, at least for engineers had a dramatic effect. The ONLY way to receive a 1 or 1+ today is to create patents. Do you have any idea from the engineering side how hard that is? I'll get right on that as soon as I waste another weeks worth of debugs from the foreign outsourced crap that you loaded my group with. The customers are especially happy when builds break, doing wonders for relations. Are you the PR person for that?
    May 2, 2014. 09:49 AM | 3 Likes Like |Link to Comment
  • IBM's Culture Is Its Best Long-Term Investment Metric [View article]

    "Pathway to 2015" is fondly nicknamed "Roadkill to 2015" with employees. While not a scientific measure, executive level neighbors (NY/NJ) in tech industries have openly laughed about IBM, stating they won't go near anything IBM. This is on top of first hand experience of the ridiculously sub-par outsourcing to Slovakia. Outsourced engineers have no way near the skill level to complete complex tasks, taking away time from senior engineers and even architects to handhold them through relatively simple tasks. But hey, it saves money right?

    Speaking of money...Ok, so investors think buybacks are fine (if you say so). To me it means there's nothing in the pipeline and being done only to placate investors through dividend payouts. Maybe that's just me. However, reading Form-4's, insiders have taken out over $120 million, while only buying a few hundred thousand dollars worth. Options? Can we dilute it a little more to keep Directors happy & quiet please?

    For IBM lifers, the culture is exactly what some of the posters above have stated, Everyone just crosses their fingers hoping they're not "next". Palmisano I'd venture will be the last true recipient of a "Golden Parachute" from IBM (Rometty earns less - war on women and all). The only place to work, with lots of cash flowing is Waston and security, all the other groups are getting outsourced crap to maintain what customers they have.

    Some things you just can't find in the numbers & spreadsheets.
    May 1, 2014. 01:02 PM | 8 Likes Like |Link to Comment
  • Senate Staffers 'Do The Hustle' With Fannie And Freddie Shareholders [View article]
    Watt is on the Social Justice team.

    There was a piece in The WSJ last year where Watt stated he wants to repeat really bad history: Stop the increase in fees, and still allow people to buy without the credit, the income, or 20% down. Which is probably why Demarco (who was good) was pushed out. We know what that is called right? How did that work out the last time?

    We're going to have to wait for The Senate and ultimately The Courts to decide how this story ends. 50-50 for total loss or gain.
    Apr 11, 2014. 04:16 PM | Likes Like |Link to Comment
  • The Only 20 Companies That Matter [View article]
    While corporate profits are at all-time highs, I must have missed the part about their debt(s) (if debt matters).

    "This recovery is utterly devoid of real growth or real recovery" -


    The power of the pen, a few rule changes, and LONG TERM Central Bank intervention made this 170% turnaround possible - it was not organic. If you profited off it, good for you, but make no mistake, it is not reflective of the true economy.
    Mar 27, 2014. 10:17 AM | 8 Likes Like |Link to Comment
  • Federal Budget Update [View article]
    Are you suggesting my bank is the reason why I received $1.97 in interest last month instead of receiving roughly $160 a month at normalized rates?
    Mar 18, 2014. 05:42 PM | Likes Like |Link to Comment
  • Federal Budget Update [View article]
    "assumptions that may be unrealistic" -

    That is an understatement.

    Since SA readers are mostly investors themselves, the most glaring (to me) would be how GDP is calculated, which is ostensibly a profit/loss, and that's after changing the math formula. Made a trade and profited? You added to GDP!

    The second most obvious of CBO misreads, although they get out of this stating "under current law", is Fed monetary policy. The CBO in their assumption models never saw ZIRP for YEARS, or a Fed injecting over $1 trillion of unbacked CREDIT (per last H 4.1):

    ZIRP is huge because it destroys savers, and without savings/savers, where is the money to invest in? Mindful I'm not talking about paper trading investing, but investments in things that produce something (i.e. widgets) that put people to work, people that work pay taxes. As it stands, factoring in population growth of people ELIGIBLE to work, millions of WORKERS (not people) have simply vanished from the face of the earth:

    Another caveat for anyone who is relatively young, Social Security is now issuing paper at 1.35%! Those 5%-6% redemption days are over by 2018. Did the CBO factor in that? No. Great if you're old, you got yours, for those of us younger folks, not so much:

    Bottom line, as interest on debt payments climb, either nominally or through a rate hike, those monies take away from other programs. Someone loses, who will it be? Secondly, household incomes have been falling for over 5 years straight ($5k), where do people make that up? Extra job?

    There's so many things wrong in this world monetarily we can't put it all in this space. There's some major pieces I'm sure I'm missing, but The CBO, and government data in general is presented in the best possible light - and that too is bad. We'll see how this plays out, but with every government on the planet lying, creating unbacked credit out of thin air, and the real economies in shambles, I take The CBO and anything else emanating from the government these days with a grain of salt - I just look in my pocket, then look at my young children and think: We're just getting by, what the heck awaits them?
    Mar 18, 2014. 03:55 PM | Likes Like |Link to Comment
  • Clouds Gather For The Economy - If You're Willing To See [View article]
    Except Uncle Warren keeps his moves secret in a basement in Omaha by means of an Investment Trust. We find out after the fact.

    Secondly, Uncle Warren's pal/partner Munger has a not so warm fuzzy feeling for all those corps using EBIDTA accounting methods.

    The dike is running out of fingers to plug the holes with.
    Mar 14, 2014. 01:16 PM | Likes Like |Link to Comment
  • Why The Fed Won't Save You From The Next Bear Market [View article]
    *I missed "do not", my mistake for complete misread
    Mar 13, 2014. 02:32 PM | Likes Like |Link to Comment
  • Why The Fed Won't Save You From The Next Bear Market [View article]
    Interesting, all this wealth when incomes are in decline:

    We know where and to whom (relatively) of who owns equities, they are not readers of SA, nor do they make enough to invest in such to begin with. Half this nation is completely broke, with a higher percentage hoping they still have a job every Friday to pay for food (or are one of 47 million on food stamps) and a roof over their head.

    Over half of this country make less than $30k - that's life support and they do not invest or buy equities.

    That wealth you speak of is being held in a very small circle, 10% maybe of income earners, with a larger percentage held in the upper echelons. Not saying it's good or bad, right or wrong, but using the Z.1 doesn't tell the whole story.
    Mar 13, 2014. 02:01 PM | Likes Like |Link to Comment
  • Why The Fed Won't Save You From The Next Bear Market [View article]
    The flip side of that of course is here:

    "promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates."

    How's that working out?
    Mar 11, 2014. 02:24 PM | 2 Likes Like |Link to Comment
  • Why The Fed Won't Save You From The Next Bear Market [View article]
    When the government and The Fed can arbitrarily change math (but not really) this is where we are. Changing how statistics are computed for decades and most recently GDP, all gives the illusion all is well for the masses. Now? Since most who come here understand NPV, apply it to this country (or any other), include off-balance sheets and SPV's. How does that work again? Illusion. Even in a 150% market post 2009 run we've seen plenty of it (illusion) through changes in regulations/laws.

    In the end it's math, always has, readers here know this. There's no tin-foil-hat or conspiracy needed, the math presents itself and "just is".

    The only question no one knows here, or anywhere else is: WHEN?
    Mar 11, 2014. 11:29 AM | 2 Likes Like |Link to Comment