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daffy
81 Comments
Trading Garmin for a Bounce
Trading Garmin for a Bounce
"Garmin benefits from offering high-end devices for aviation and marine navigation — and from reporting in dollars. Also, it plans to meet the cell phone threat with its own combination phone and navigation device later this year, and it has announced a partnership integrating AOL's MapQuest into its devices."
Exactly what we are talking about here.
link:
news.yahoo.com/s/ap/20...;_ylt=AuaVVkeiq86OkGVO...
Trading Garmin for a Bounce
Do you think tha GRMN is doing a bit of data collection and reducng their reliance on any company that provides mapping data?
If I were at the top there, I would have a team of lawyers protect and making sure that any additonal data collection ensures proprietary significance and any existing contracts suggest that the changes to data tables inherently alters proprietary rights.
NVT would then be meaningless, and so would nokia. I get the feeling that nokia got a sour deal here.
I tend to believe that the people in charge at GRMN are a hell of a lot smarter than you are giving them credit for.
Now, as far as your speculation goes that Cell Phones are the only way people get their info . . . I am not so sure I agree with that. Cellphones are cell phones. Even though I would love to have one of those 1960's AT&T land line phones in my house, I am not going to go out and get one. Phones are a disposable item, and I doubt they will ever serve the same purpose as a PND. Now, in that thinking you have to realize that PND's will NEVER penetrate the market like cell phones will, UNLESS some genius can force the PND into a cell phone.
My guess . . .
GRMN will couple themselves with a cell phone manufacturer (sound familiar) and force the integration. After this technology hits the market, AAPL will come along and reinvent the cell-pnd union and tout it as the newest technology that exists and all the latte sipping, Onion believing Madisonites will help to make it the next new fad.
At that point we will see that PND's, cell phones, and personal data storage and utility devices will merge into one. I think Nokia is a little late to the market, and all GRMN has to do is to start building cell phones (instead of buying a cell phone company) and align themselves with a few international carriers and build a NEW WORLD NETWORK. How would evaluate GRMN then?
That being said, I am still going to sell when GRMN hits 70, unless the news changes and the madisonites start chanting in some binary mapping unison.
Trading Garmin for a Bounce
Just a little fact checking here:
GRMN beat estimate for the last 14 of 15 quarters with an average "surprise" % of 17.5. The one miss was a $0.003 in 3Q06.
I wouldn't go and suggest GRMN is going to miss, which you didn't, but you did not do justice to GRMN track record for the last 4 years.
That being said, there was a press release about a revenue drop. That has to be factored in by now, as there have been many other price adjusters in the last month. So, if GRMN even comes close to the "street" then we should see a bounce. If you were watching GRMN at the last quartely report, you would see that a great report yielded a decent drop in share price. In today's market, I think that it is better to tell eveyone you are going to be broke in a month, and then beat, than to "meet the street". A true sign that the nellies are still in charge of this market.
With all of that being said, I am curious as to why anyone would head to the options market when S&P still has a strong buy and a 12 mo. target of $105?
8 Stocks to Benefit from the Coming Uptrend in Housing
I bought in Jan. with the intention of seeing a greater demand by the home owner that still wants to live the new home lifestyle. They just won't be paying a contractor anymore, they will be doing it themselves. As a contractor, I know where we get our materials, and it generally isn't at Home Depot or Lowe's, although there is some shopping there. The home owner will not pay the prices we pay for our materials, and the convenience we get from shopping at the suppliers who cater to contractors.
Now, if you want to see the difference between orange and blue, go for yourself. It will become obvious to you that the orange has done poorly and that Lowe's has done a marvelous job of moving in on HD's proprietary crap.
HD has done a very bad thing, and that was to move into the realm of the contractor by offering in home services. Way to kill you target market you fools.
I am sticking with my LOW. Regardless of what home values do, people will still be sticking money into their homes, they just won't be hiring contractors to do it, which means more money going to these companies.
This should be obvious, but thanks for the article.
E*Trade: Primed To Turn Around?
nice exchange . . .
I agree with both of you. I also enjoy reading all of these posts. ETFC seems to be in the "limelight" due to events in November, sadly, far before all of the others and to a greater degree as well. I think many other institutions were relying on a scapegoat to bolster share holder confidence. Oh well, they only bought maneuvering room. I still think ETFC will come out shining like a rose, and I am still long, and I still buy and sell ETFC when the picking is ripe. Their 1Q weren't as bad as they could have been, and it paid off for me.
I am sticking with Etrade . . . it serves my purpose, and I think as a platform it serves the purpose of their entire target market. Think about it, I bet there are a hell of a lot more F-150's driving around than there are 911's. There may be better platforms for some out there, but I don't think there are better platforms for the masses out there. I do wish they would add a trailing stop limit order to their array though. The code can't be that difficult.
Oh well, back to my studies . . .
cheers!
E*Trade: Primed To Turn Around?
All of you have missed the true weight of ETRADE's balance sheet (and please realize that I haven't looked at the specifics yet), and that is the cost of that cash infusion at a rate of 12% (or thereabouts).
I could really care less what other people say, I am sticking with my Etrade, and have made a good chunk on ETFC this year on my quick few day trades. I keep a few shares on hand for posterity sake so if the share price jumps a buck or two while I am off on vacation, I can honestly say that I did not miss out.
WEZ, I hate to break it to you , but the fear mongering and the naysayers have run out their course. It is all very transparent now, and most people are preying on all their carnage.
I hope all you shorters get nailed . . . .
AMD Product Ramp-up and New Factory Plan: What Gives?
Long AMD is not such a bad place to be . . .
Especially at current prices.
Garmin: Clearly Something's Not Right
But as someone who has been watching this stock (since it's peak). I do have to say that I have not seen any negatives coming from GRMN. They have never missed on earnings, and when they did, they beat. They have been rattling the hell out of every martket on the planet, they are scribing contracts with major automobile makers. You tell me what bad news you have seen from this company. The only thing I can see that is wrong, is that the end user might want a more pleasant user interface. I bought in at 60, and again yesterday at 48.25. Whenever I see a guilt by association fall in a stock, it tells me the stock is being hammered for no reason. I think it is the fer that is rumbling through the conusmer electronics market that is doing this. It might even get worse with CC reporting today, but recall that BBY beat a few days ago.
With that being said, if anyone has any negative news to produce that would give insight into why GRMN has dropped in the last to months that would be great. But, please remember, I thought GRMN was overvalued at $120, and maybe even $100.
Is WaMu's Cash Infusion Such a Great Deal?
Here's what I think. WM is hiding. How many companies have been forthright about their exposure? Few, and I can only think of one. Others have lied, and it has and will continue to beat down the shareholders until they are whimpering puppies, bloody and ragged. I think WM has been especially liberal with it's willingness to hide behind other companies and letting the news direct attention away from them. I would suspect that this little jump will be followed by another fall of equal or greater magnitude. I don't think that $8.72 is unrealistic. There are a lot of earnings coming out in what was the worst Q yet. I say let it get hammered again, and then re-evaluate to see if the ship is going to sink at 2Q08.
Hitting the Reset Button On Home Mortgages
A good percentage of people who are in danger of foreclosure shouldn't have been in the home in the first place.
I have been on my block for about 5 years now. In the last 8 months there have been 4 foreclosures (I live in Miineapolis). Of those foreclosures, one was a cut to pieces mansion for rental units that I have offered the value of the land minus tear down costs (after foreclosure). It really is that bad. Two of the home are valued higher but are really the least valuable homes on the block (they are like track homes in a neighborhood of turn of the century architecture). The final home is a traditional home symbolic of the neighborhood.
OK, now onto the "owners". The first home was occupied by some young partier who threw outrageous parties with sword fighting and the likes at all hours. Foreclosed, I am sure failure to make payments. The second two were occupied by people who had migrated home to home as renters and were always evicted (either by the city (condemnation) or the landlord). The fourth one was occupied by a couple who took out an arm loan and invested all of thier savings into a restaraunt in 2007. A start up restaraunt.
Ok, if you ask me, the only people who should have been in their home are the restauranteers. The other three occupiers did not belong in the position of having a mortgage to be responsible for. They couldn't even handle a lease for god's sake.
So, as far as I can see, at best 75% of the people in this bad debt situation should have never been there in the first place. So, no we should NOT bail them out. If the government wants to step in, well, let them help the couple who made a mistake in their mortgage choices and the choices of their business start up. At least they were willing to risk what they had to possibly provide a better life for themselves and others as well as provide for a larger tax base.
Seriously folks, you are not going to entrust your Maserati Quattroporte Executive GT to an alcoholic with a BAC of 0.33%. Just the same as you are not going to entrust your retirement porfolio to the homeless guy on the park bench.
Let's stop with the broad sweeping regulatory changes. Pretty soon home ownership will be a right, and the governemnt will be bailing out everyone. Driving is a priviledge, and so IS HOME OWNERSHIP. THESE ARE PRIVILEDGES YOU HAVE TO TAKLE SERIOUSLY AND BE RESPONSIBLE FOR.
Investor Sentiment and Market Returns: Now's the Time to Be Bold
Under The Radar News - Friday
My big beef here is the fee for all that warner has going on. So, they want to charge me for music? Hmmm, I get my music the old fashioned way. I go to the store and I buy a CD. Sometimes I even go to Cheapo and buy it used. Would they have a portion of my gas tax because I drove to Cheapo? That's like taking the rivers licenses away in a city beacuse one of it's citizens got a DUI.
Ridiculous.
Utterly ridiculous. I guess I will just stop buying music and start stealing it.
Is Circuit City Being Sold Soon?
Under The Radar News - Wednesday
You mean that light at the end of the tunnel is really FIVE freight trains?
"supercomputing ability to anyone who can afford a PC", well, on a dead cat bounce, that doesn't seem to likely now does it?
Glasgow is probably on the galapogos entertaining a spirtiual transendence.
9% for PFE & GSK, 10.5% for WAG. Nice. Real nice. Next thing we will see is SWY increase proft margin by 15% to cover increased handling costs for increased wholesale food prices.