Seeking Alpha


Send Message
View as an RSS Feed
View bakkbakk's Comments BY TICKER:
Latest  |  Highest rated
  • Corn Yield Estimate Likely To Drop Further [View article]
    If a field is a total loss, and the farmer still gets paid, that doesn't mean there's anymore corn in the system because of it. The insurance is there for the farmer. We will still be facing one hell of a shortage in this years crop, no matter what the farmer gets from the government/insurance company.
    Aug 5, 2012. 11:47 AM | 3 Likes Like |Link to Comment
  • Corn Yield Estimate Likely To Drop Further [View article]
    depends on the yield which keeps dropping, and how much corn isnt a total loss already
    Aug 5, 2012. 11:27 AM | 1 Like Like |Link to Comment
  • Corn Yield Estimate Likely To Drop Further [View article]
    If most cattle farmers "raised" their own corn, they wouldnt be culling their herds, dropping current beef prices, all because the price of grain is up. If theyre getting junk yields or a wrecked crop, they have no "raised" corn to feed them.

    I worked at Archer Daniels 6 yrs ago. The same Kernel of corn goes into feed, maltodextrin(sugar for human consumption), alcohol, ethanol, gluten(chicken feed as well as human consumption), and fructose.
    Aug 5, 2012. 12:20 AM | 1 Like Like |Link to Comment
  • Today In Commodities: Corn Pops To Fresh Highs, Stalked By Imminent Correction [View article]
    Of course then you have China, who lies about their corn stocks, causing prices to go lower, then they come in unexpectedly and buy tonnes hand over fist. Theyve done it twice this year at least in the spring. I have a feeling they have a lot less then "reported".
    Jul 30, 2012. 10:09 PM | Likes Like |Link to Comment
  • Today In Commodities: Corn Pops To Fresh Highs, Stalked By Imminent Correction [View article]
    I tried to tell someone that 750 wasnt the spot to short corn but apparrently I am an idiot. Of course, I have seen the corn personally from Illinois to Iowa, through South Dakota, and have many contacts in different parts of Iowa that farm, but what do I know. Hope he wasnt highly levered while being cocky in his technical charts. This draught is ugly, whether the media keeps up on it or not.
    Jul 30, 2012. 09:48 PM | Likes Like |Link to Comment
  • Options For Facebook; And One Is Not To Dump The Stock [View article] interesting article here
    Jul 30, 2012. 06:29 PM | Likes Like |Link to Comment
  • The Zero Sum Game Of Lower Interest Rates And Why Mortgage Rates Will Rise [View article]
    What happens if the traveler sleeps in his car because its too expensive? collapse
    Jul 29, 2012. 07:38 PM | Likes Like |Link to Comment
  • The Zero Sum Game Of Lower Interest Rates And Why Mortgage Rates Will Rise [View article]
    the first 2/3 he wrote is already happening or has happened, as for the last 1/3, theres nothing stopping any country from turning into Syria. Period. American citizens are the most heavily armed people in the world. Just because this is 2012 and everyone is carrying around smart phones dont think it cant happen. The govt has been dry humping the constitution for years just waiting for their chance to strip us of everything thru socialism
    Jul 29, 2012. 07:33 PM | Likes Like |Link to Comment
  • The Zero Sum Game Of Lower Interest Rates And Why Mortgage Rates Will Rise [View article]
    The biggest problem with giving higher wages is healthcare. Our last raises where I work were given in the form of healthcare rising. Thats a whole other subject and where that lands us if national healthcare sticks. Lets face it, companies would rather outsource for the better of the "company", and they use that for constant leverage towards giving the u.s. employees raises. Trust me, if it involves manufacturing, they are trying to export it. That excuse has been used against employees at my workplace thru and thru, and when there is nothing but service jobs and ceos left in the country, and the best company balance sheets ever, then just maybe theyll realize how corporate america along with the "united" government collectively wrecked this country.
    Jul 29, 2012. 07:21 PM | 1 Like Like |Link to Comment
  • The Zero Sum Game Of Lower Interest Rates And Why Mortgage Rates Will Rise [View article]
    The way I see it, since housing inventory is getting lower and lower, (due to investors buying up houses at an all time high), is they will keep the zirp until inventory is extremely low, forcing demand, while raising rates simultaneously, raping any home owner that buys a house thru higher rates. They dont have a valid reason to raise rates yet with so much inventory, albeit coming down, when people have no choice but to buynew or build, thats when theyll get the consumer all over again. Of course, with incomes not rising and jobs in the dumps, it will just be an "about face" and go right back in the dumpster.
    Jul 29, 2012. 06:49 PM | 1 Like Like |Link to Comment
  • Personal Income Growth May Go Negative In 2013: Here's How [View article]
    Every company used 2008 as an opportunity to lean up and as an excuse to lower/freeze pay to help the company stay profitable "or else". Now that there is little job growth and many extra people to fill the jobs, theres no ambition to pay up to keep people when there is so many out there in line. Companies' balance sheets and profits are the strongest they have ever been while the incomes of the average person are pathetic and dont pay for anything. This is not sustainable, especially with healthcare continuing to rise and gives companies that pay benefits even more leverage on not increasing wages. There will be no "middle class" in the future at the rate things are going. Manufacturing has been replaced by outsourcing and robots. While many jobs need to be outsourced many do not. If we made iphones here they would end up costing 900-1000 just to make a profit after labor healthcare etc, but in the midst of global growth, companies continue to outsource the work leaving out the middle class wages. The more and more people pay for other peoples healthcare through their(my) premiums the less wages I will make in absolute terms after the company technically raises my wages thru paying more of my healthcare.

    With the way Obamacare has it set up, perfectly healthy people can cancel their insurance and just pay the fee, this may be off the subject a bit but my parents pay 5k a year in premiums. Put in Obamacare, raising the payers premiums, and then you have the payers who can cancel their insurance and pay the fine(NOT TAX) and save money. It will be done and done to the limit. Who will be left to pay the premiums and hospitals? Doctors will not work for free thats for damn sure. I cant seem to figure out why the public is letting socialism take over this country as we all continue to go to work, live our lives, try to feed our families, and save a buck.

    It's hard to believe in the days of the iphone, computers, electric cars and what not that the U.S. can become a 3rd world country but our government is jamming failure down our throats. If this keeps up there will be a day of reckoning, and I am far from a doomsdayer, but how could this countrys' people let it get this way

    1 in 7 on food stamps, 55% get some form of govt entitlement, 36% corporate tax which is just another tax on the consumer for govt spending, corporate profits at all time highs while incomes are shrinking and paying for less, govt debt with no plan to stop, rediculously worthless government that does nothing but spout rhetoric of the other party and twist words, easy money policy around the world without restructuring or using any progrowth policies. We have 15 trillion in infrastructure needs and we havent touched them. The only reason new homes are picking up is because the rich are still getting richer, (along with absolute prices being cheaper in mortgage payment terms because of ZIRP)

    Im paying $200/mo less on a house that is 15k more than a house I bought 6-8 yrs ago. It's decieving to say this economy is good and anyone that says it is blind. I dont need the facts from the bottom of 2009 when everything came to a hault. That is not true growth, that is readjusting from a crisis and resuming at a lower rate. realtytrap came out with some disturbing stats on how many foreclosures are yet to come and how the process is manipulated and takes forever(vie government). the housing supply being bought up is being bought up by investors at an all time high percentage. While yes it does deplete supply, they will also be dumping them back on the market as rentals or as flips flooding supply again one way or another. So no, housing has not bottomed, it was manipulated.

    Wow, there's so many things that could be talked about its fking disgusting. Europe is even worse structurally, their ltro's and bailouts do nothing with the different policies and ways of life they have over there. Bailouts dont do sh-t with 25% unemployment and no reforms. Merkel gets plenty of flack for not being a bailout monkey but shes right, its like giving a heroin addict more heroin on national heroin day, its not gonna stop. Before anyone decides to tell me im gloom and doom, optimism is garbage and not fact. Its hope, like QE beggars Our public needs to put an end to this and stop being a bunch of zombies, just as much as investors need to stop jamming the stop market up peoples' asses with qe this and that, rumor cue HILSENRATH. Bernanke has already tried saying politely it is on the government and they have done what they could, and now I have a feeling, because its an election year, he will be forced to do qe and have his hand forced. The market is a joke, the gubbmint is a joke, and our future will soon too be a joke. BUT, we will just keep doing what we were doing yesterday so we can pay our bills and let the socialism of the entire government continue to rape us, until the day comes when there 75% lower class and 25% upper. Just a bunch of welfare gettin', mcdonalds pushin', clothes washin' psychos taking back the country from the outsourcing greedy cocky crooked lying bastards that ruined the country over the last 40 years.

    This was one of Thomas Jeffersons biggest fears and it is happening.
    Jul 26, 2012. 10:51 PM | 5 Likes Like |Link to Comment
  • Don't Get Paid In Euros - Sell Philip Morris [View article]
    Everyone will find out how investors decide to look at the currency situation this earnings season starting with $KO. Yeah its not the same stock or product but you can get an idea of how to protect yourself. Coke is just another PM type company, great companies, lots of loyalty, cash, and consistent growth. Will both see the same issues from the currency change. Both have had quite a run for a juggernaut of a company as of this quarter as people seek dividend and defensives so you should get some sort of clue.
    Jul 16, 2012. 09:17 PM | 1 Like Like |Link to Comment
  • Sprint Is Worth At Least $6 Per Share [View article]
    Sprint may have a better deal to gain more customers by offering unlimited date, but that data costs money and they may not be making as much money per customer as att or a vz is. I thought that was one of the reasons att and vz raised their prices, (because bandwidth is in dire need because of all of the smart phone data being used), so unlimited may be good for the customer, which in the end is the only thing that matters, but they still need to make a margin on the customers to pay the bills. People use their s.phones 24/7 these days and unless sprint is getting unlimited data/bandwidth from their supplier the unlimited will come to an end as well, or the price will get hiked. just a thought
    Jul 16, 2012. 07:35 PM | Likes Like |Link to Comment
  • Sprint Is Worth At Least $6 Per Share [View article]
    Dont forget all of the buyout talk that was going on last year between cable companies and cell companies. Direct tv and dish are trying to get onto mobile and need band width. Was contacted by a broker to buy25k shares late '11 of sprint because of a likely buyout this summer of up to 8$. Not trusting anyone, ever, and surely not a cold call, I still bought some shares. Started digging into all of the debt, the issues, and rumors and decided it wasnt worth it, even though the service itself has plenty of recognition. Sold it for some pennies profit and moved on. Now i see the preferred stock is doing something, and something is definitely up.
    Jul 16, 2012. 07:00 PM | Likes Like |Link to Comment
  • Count Draghi: 10 Points [View article]
    works for Einhorn
    Jun 7, 2012. 07:46 PM | Likes Like |Link to Comment