daffy

http://www.angelheartwoodworking.com
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81 Comments

    • Wed Mar 5th 09:10 AM | Rating: 0 0
      Commented on:
      Foreclosure-Proof Homeowners
      That's enough to piss a guy off. I looked the other day and the average sale price for a home in my neighborhood dropped 22.6%. Should I just bail? That might just put me at about even from 3 years ago. Tax free, mortgage free, insurance free? That would decrease my monthly bills by over 30%. Wow, I could take that money and invest in beleagured companies, and then when the bank gets to me in 2 years, I will sell my home after the market bounces back a bit, and still come out ahead.

      What a deal.

      Sign me up.
      View article »
    • Tue Mar 4th 08:55 AM | Rating: 0 0
      Commented on:
      Commodities Bubble Needs to Burst
      Buckwheat,

      It appears to me that everyone here has blinder on. Blinders that only see what is happening in this country. What about China? What about India? What about all of those other countries coming on the fully industrialized nation grid? There are a lot of them. They need stuff, like copper, like food, like STEEL. Oh, they need oil too. Lots of it. Just because we come from a land of plenty, doesn't mean that these other countries do.

      You make a good point, I just wish others were willing to look half as far.
      View article »
    • Tue Mar 4th 08:44 AM | Rating: 0 0
      Commented on:
      A Note to the Bubble-Phobes
      Eddy,

      We have a marginally industrialized nation coming on line. A big one. That's called China. Are commodities going to hit a permanent plateau? I would say so with the exception of a few items. You also have to remember, that as a blossoming nation, China will have excesses and wastes. The nation will therefore consume much more than it needs and at some point efficiency will step up to the plate, BUT that didn't stop the fifties here in the US from being a permanent plateau. My bet it will be ten years until everything settles down in China and the rate of consumption levels off. Could be twenty years before any contraction takes place. That will place a huge demand on natural resources throughout the world. I also think that as time progresses, manufacturers in China will also realize that product quality(which is hugely lacking) is an important part of the equation and will ramp that up to absorb much more of the global market, thus increasing their demand for raw materials(which should equal demand reductions from peaking efficiency). I think the commodity prices and the shipping stocks are just getting started. If you really sit down and think about it, I think you will agree. I would bet that China has not even come close to saturating itself and India, leaving quite the auditorium for growth. Of course this is no real news, I think it is just very underestimated as to what China's demands are going to be in the future.

      As for the housing bubble? Permanent growth like we saw in the early part of this decade is not possible. The market had to correct and adjust itself. I personally think the market has over-reacted and will level off at manageable levels within three years, at a higher per-dwelling value than now. The ocsillation in the market here did not have to be such a tragic one, but such is the human condition, wrought with fear.

      I have no clue what my home value is today, nor do I care since I will not be selling anytime soon, even if I vacate. That would be downright foolish. I bought my home fresh out of college, with a lower than average credit score, with a 100% financing in 2004. You try and do that now. I am very greatful for all of the opportunities I had. My home value may be depreciating, but it will return. Overall, I am very happy to have a home and I will second your Hooray for the market only in that I was afforded great opportunities that I would not have today. I just hope your next Hooray will be for the market when it actually reaches equilibrium and the fear has been wrought from the market. As callous as I think it is to Hooray the downturn in anyone's life (especially those who are getting busted in the ARM joke), I do agree with your point.

      I think what the market needs today is an article titled: "Facilitating long term recovery from market over-corrections"... Gee, it would be nice to see something positive come out of the last 6 months.

      View article »
    • Fri Feb 29th 08:02 AM | Rating: 0 0
      Commented on:
      Jim Cramer's Stop Trading!, 2/28/08: iPods, iPhones and Ivan
      Darned lack of coffee: paid = played for all you youngsters.
      View article »
    • Fri Feb 29th 08:01 AM | Rating: 0 0
      Commented on:
      Jim Cramer's Stop Trading!, 2/28/08: iPods, iPhones and Ivan
      Hmmmm, AAPL in 20 years

      A hyper inflated price tag in a weak dollar economy with increasing inflation.

      I would guess that AAPL is going to much more worthless than it already is in 20 years.

      Do you remember the SONY Walkman? The ones that paid cassettes? Now that was one cool thing when they first came out. I would sooner have one of the old metal cased ones than an iPod, or an iPhone. Probably be worth more in 20 years too.
      View article »
    • Thu Feb 28th 18:03 PM | Rating: 0 0
      Commented on:
      How Are Apple and RIM Moving Up?; Sandisk's Flash of the Future
      Barta,

      You forget that there is a plethora of people who don't like the touch. I hate it. I wrote 8 "I apologize" emails after I gave ipods for Christmas one year. iTunes has to be the worst artery cloggin prohgram right behind Norton. The whole experience is fine for the minds that are attracted to such folly. It just happens to be that folly is all it is. Have you seen the overall Market Share of MicroSoft vs. Apple lately? I'm glad to see that apple has kept their little enclave alive, it gives me great fodder for when I feel like picking on someone.

      I do hope AAPL continues to plummet relentlessly. There is nothing I would like more than to see the freaks beocme more freakish. The iPhone is a flop. Poorly hatched Ok idea is all it was. Another passe attempt at avant garde.

      Just remember, it is kind of gross to be fondling your electronics in public.

      Sorry, but you few asked for it.
      View article »
    • Thu Feb 28th 11:18 AM | Rating: 0 0
      Commented on:
      Circuit City: Thanks to Investor Wattles, Shareholders May Get a Lifeline
      Ever listen to an Ultimate Electronics radio ad?

      IT is the direction that consumers are heading.

      Schoonover should take a hint.

      I am tired of my non-performer. If it hits 5.25, I am selling.

      Maybe return later, but I do think 4Q2008 is going to miss by a long shot.
      View article »
    • Tue Feb 26th 10:36 AM | Rating: 0 0
      Commented on:
      Smith & Wesson's a Buy Ahead of 2nd Amendment Decision
      fxtrader07 ~ you clearly stated that you live in Europe. I suggest staying there since the United States of America is such a horrific place. There is nothing Americans like less than some pokey socialist from another country suggesting as to how we should live. The US is absolutely nothing like your part of the world, Americans chose not to live lke that mnay years ago, and little has changed. Let it be said that I despise european countries, and would never consciously spend money there. I also don't go run around and try and cram my opinions down your throats. Nor do I cram my opinions about Europe down people's throats here in this country. You have no clues whatsoever as to how our society works except from the socialist rags you use for bird cages there in Europe.

      The Supreme Court cannot weigh in favor of gun control. It would create a situation where all law-abiding citizens would be then criminals, and to escape being a criminal, those guns would be pushed into the hands of the people who commit horrifc crimes. I suppose you would enjoy seeing armed militia searching every home, car , business, et cetera for every gun that is owned by the public sector? Sounds to me like you are a little caught up in serfdom and Stalin era socialism. Stick to your dole, it seems to be working wonderfully for you.

      That being said, do you really think SWHC is going to go down in the next year? I am buying in.
      View article »
    • Mon Feb 25th 22:26 PM | Rating: 0 0
      Commented on:
      Earnings Preview: Office Depot
      tomorrow we shall see. It sure would be nice to get out of the hole.
      View article »
    • Mon Feb 25th 22:09 PM | Rating: 0 0
      Commented on:
      While Best Buy Sneezes, Circuit City Will Catch Pneumonia
      Coopsta ~ I fear that $20 is not going to happen this year, or next. I was thinking that if everything fell into place, then the 80 month EMA would be had in November (around $15). That was before I factored in the election year impact. I just don't see it happening. I also think that CC is burning through the cash at a furious rate. If that is the case, then S & P will downgrade them unless thier earnings improve ahead of the sector. Again, a hugely doubtful situation given Schoonover's attack. One thing to remember Coopsta, the purse strings are tight, and people are going to demand more satisfaction from their money. We have been in boom years, and these comapnies have reaped the rewards of bash 'em over the head sales techniques. People aren't going to put up with being bloody anymore, and it is all these comapnies know. I therefore predict a huge disconnect between the consumer and the big box electronic stores (much like the Schoonover disconnect). Even if people spend the same amount of their discretionary income, they are going to seek out what not only the products that make them feel good, but also the sales experiences.


      I think I am out of CC if it gets even a whisper close to hitting a %30 gain for me. I am sure there will be grimmer days when the 1st and 2nd qtrs come in (and might be a better time to buy back in).

      just my two cents
      View article »
    • Mon Feb 25th 21:41 PM | Rating: 0 0
      Commented on:
      Seeking Alpha Now Carried On E*Trade
      I like the comments as much as the articles. Being new at this whole stock trading thing, I sometimes wonder who really works for Seeking Alpha since there seems to be a lot of people here writing articles. I am curious, does SA have it's regular writers and then some freelance writers who submit articles for SA to peruse and possibly publish? Just curious, and it will have no impact on whether I use SA or not, but just might help me decide what to ponder, what to pander, and what to believe.

      Thanks SA, I have been reading your articles since starting with eTrade. Has anybody tried to get a 1st mortgage through eTrade? If you have, and if you have an opinion, I would like to know how you would rate the availablity of credit from eTrade vs. your previous lender.

      That's all folks. And thanks to all the commentors, your opinions are read and appreciated.
      View article »
    • Mon Feb 25th 08:39 AM | Rating: 0 0
      Commented on:
      Financials Offer Patient Bulls Many Opportunities
      Earnings will be fine once the major losses are done being written off, which is presumably already priced into the stock at this point, no?

      With all of the doomsdaying nellies out there, I would say that it is more than factored in.

      Prospector -

      I am new to the market (investing wise). I could not see a better time to buy into financials. I still see no better time over the next three months. Although I am breaking even on everything right now (which says a lot since I started buying in early November), I see that in the next 8 - 16 months I am going to be very happy I put my money where I thought it should go. I have only fallen once when I chose not to buy ETFC at 2.08. I have had C on a watch for awhile and I will continue to watch. Unfortunately, I still think C has a huge write down coming, or a couple. I am going to wait until the next beating (or two), then buy.

      One thing to remember is that we have an election year and the fear mongering in the media is going to be many fold. The economy, in the eyes of the media, is going to be the worst in decades for the time until at least late November, then the party that wins will decide how quickly the market will turn around. If the naysayers win, well, it might be May of 2009 before we see beauty in our current investments. If the yeahsayers win, well, probably beginning right away and a banner Christmas (compared to this last one) will be had, sending confidence through the market. Either way, does it matter? Doubling your money (or even quadrupling it) is no losing game in a few months over a one year investment.

      Agreed . . . putting all disposable money into the market when I get it. Oooops, there goes the retail sector.

      Cheers
      View article »
    • Thu Feb 21st 18:47 PM | Rating: 0 0
      Commented on:
      Circuit City: Schoonover's Brand Disconnect
      I thinkthe lexus with a wal-mart staff is a good point. How many people here have ever shopped at Best Buy?

      I think the experinece of shopping at Best Buy sucks (that reminds me, I have a call to make, or maybe not since I own CC stock). The minute you walk in there ther are pople nagging you. When you are gtting close to buying something, the real pressure begins. Allthe crap you "havwe" to buy since you will have this ONE product you are about to buy, the warranty plan, and don't even get e started on back-up disc and software installation services at the wayy "underpriced"... Geek Squad. My GF was buying a desktop for home, I went to look at a movie I return five minutes later and she was swipping her card for an additional $250 software installation package that was going to take about ten minutes. This salespaerson must have shoved this down her throat.

      OK, lesson # 1 Schoonover. Don't do that. Don't look to BBY for a business model. They are in the same ranks as HD. Their customer satisfaction is dropping, quickly and people are turning to Lowe's. BBY customer satisfaction is dropping, and they are turning to CC, unless of course they get more of the same. Find a different approach. Instead of slamming a customer with sales rhetoric, why not find out what will make the customer happy. It is simple, a happy customer comes back, and CC is in a great position to change the way people buy electronics (and you also might find out what you should be stocking your shelves with instead of force feeding your customers. Wallets are tight dude, but they are still open. Being greeedy is the fastest way to close those wallets and it is exacty what the lieks of BBY and HD are doing. Let them crumble.

      Ok, on to lesson # 2. You need to do something with your advertising department. BBY's advertising sucks, and so does CC. Ultimate Electronics does a better job of getting people into their stores than either BBY or CC through advertising. All you have to do is look at the ads. Take some advice from ETFC, they have hit an advertising gold mine (although I haven't seen anything new since the superbowl). All CC has to do is get in with an effective Marketing campaign and it's market share has no where to go but up. People are are looking for a new store, BBY is old, they want something new. Give it to them.

      Lesson # 3. Take this article and put in on your fridge at home. Stop pandering around with your sword inside the company. Get out your pen and start focusing on BRINGING THE PEOPLE IN. Cranford is right and your stock holders are going to abandon you if you don't do something positive. Hello? Is there anybody in there?
      View article »
    • Thu Feb 21st 18:25 PM | Rating: 0 0
      Commented on:
      Under The Radar News - Thursday
      Well, Jim seems to have his grundies in a bunch.

      I think an approriate thing to say is that I would have something to say about AAPL carousing it's way to depths of bankruptcy because you see, I despise AAPL and there is nothing that would make me happier. I hate the lack of ingenuity, and the over marketing of simpleton ideas, and the eternal wisp of desperation that echoes from their every move. Come on, let's put an ipod on the steering wheel so people have a scroll list to look at while they drive, make sure you have a connect so you can plug in your iPhone too while you scroll through your playlist. That ought to save at least 5-10,000 lives a year from living in this hell where AAPL makes pandering around in the darkness look like child's play.

      You asked for it Jim.

      And you deserve it.

      Over priced and way over valued, just like their stock. I should say grossly over valued.
      View article »
    • Wed Feb 20th 21:45 PM | Rating: 0 0
      Commented on:
      While Best Buy Sneezes, Circuit City Will Catch Pneumonia
      What good news is there about CC?

      It always seems like it is always negative on SA.

      I bought in at about 4.10, and I am kind of curious as to whether to get out now, or wait out another few months before the next quarter's earnings are released. I hate to get into a non dividend paying slump of a non-performer.

      The only good news is that I saw an article on customer satisfaction and CC's customer satisfaction rose 3% and BBY's went down 3% (according to rankings). I may be wrong on those numbers and it may be rating points (on a scale of 100). Regardless, that is no news since anyone who shops at both stores would probably readily tell you that BBY is a hugely high pressure sales arena. It almost feels like if BBY could cram stuff down your throat as you walk out the door they would. At least CC is mildly better.

      How come no one ever mentions the fact that CC has so much cash floating around (maybe not for long) that at one point this winter, well over 50% of the stock's value was in cash?

      Oh well, I still don't want to get stuck with a non-performer. I would just like to see if they is anyone out there who believes that I should hold onto my CC stock when I am already up quite a bit.
      View article »
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