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Albert Meyer

Albert Meyer
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  • WEX: Growing Cash Machine With No Signs Of Stopping [View article]
    If they debit A/R with the total balance customers owe and only credit revenues with a portion of that amount what else do they credit? Obviously not customer deposits as assumed above, on account of them owning a banking subsidiary, WEX Bank. I'm trying to get an answer from IR, but they are not very responsive. I'll post their reply here if I ever get one.
    Sep 2, 2015. 08:48 AM | Likes Like |Link to Comment
  • WEX: Growing Cash Machine With No Signs Of Stopping [View article]
    Thanks... much appreciated.

    For example?:

    Debit A/R 100
    Credit Revenues $20
    Credit Customer Deposits $80

    I assumed the Deposits refer to the WEX Bank deposits. I find it very confusing. I emailed company on Thursday, but no response (now Tuesday)
    Sep 1, 2015. 12:52 PM | Likes Like |Link to Comment
  • WEX: Growing Cash Machine With No Signs Of Stopping [View article]
    Do you agree with the assertion in the 10K that "94% of the outstanding balance of $1.879 million of total accounts receivable was current..." With revenues of $800 million how can A/R of $1.8 billion be "current," as in "less than 60 days past due"?
    Sep 1, 2015. 10:44 AM | Likes Like |Link to Comment
  • Mayo unloads on BofA over chairman/CEO vote [View news story]
    Mayo has always railed against banks, hasn't he, or do I have the wrong guy? Apologies then. BA, in the for the long-haul.
    Aug 20, 2015. 03:59 PM | 2 Likes Like |Link to Comment
  • Federal Deficit Collapses, Economy Doesn't [View article]
    Truth is, to stop spending put a Democrat in the White House. Republicans won't support his (and soon hers) spending agenda.

    Put a Republican in the White House, and he calls for wars, stimulus spending (sending actual checks to taxpayers), $500 million appropriations to Planned Parenthood, doubling the size of the Department of Education, $15 billion to the WHO to buy AIDS and Tamiflu drugs from Gilead (Rumsfeld ex chairman, Schultz and Pete Wilson on the board - Google: Rumsfeld and Gilead - hey, I made sure I bought GILD when I heard about the $15 billion; still do, it's been fabulous, but I'm holding my nose), etc.... and the Democrats are happy to vote for these appropriations.

    We need a Democrat in the White House, suit pants and all.

    (Actually, we need a Libertarian, but not going to happen, so take the best of two awfully bad choices, if you are worried about the growth in government spending. Sounds counter-intuitive, but true.)
    Jul 14, 2015. 01:54 PM | 5 Likes Like |Link to Comment
  • Banks named in FIFA scandal [View news story]
    When Jerry Springer wrote a check to that prostitute in Kentucky did it matter on which bank the check was drawn?

    Wikipedia: "Springer was elected to the Cincinnati city council in 1971.[11] He resigned in 1974 after admitting to hiring a prostitute.[11] The episode was uncovered when a police raid on a Fort Wright, Kentucky massage parlor unearthed a check Springer had written for its services. The check subsequently bounced due to lack of funds in the account."
    May 28, 2015. 08:47 AM | 6 Likes Like |Link to Comment
  • What A Deal With Iran Really Means For Oil [View article]
    The Pro-Life Pro-War Party is against the deal... figures... blessed are the peacemakers... love your enemies... bless those who curse you... beat your spears into pruning hooks... way to go Obama... no more wars... if goods cross borders, armies won't...
    Mar 31, 2015. 10:30 AM | 2 Likes Like |Link to Comment
  • Use Your Illusion I: Summary And Conclusions For Prospects On S&P Sales Growth [View article]
    "Have a strategy for getting back in: nobody likes a permanent naysayer"

    I assume you are all in cash, or that you have liquidated x% of your portfolio. If so, when did you move to cash? Recently, might prove an astute move. A couple of years ago, ouch. How much did you pay the IRS on your realized gains?

    Do you recommend investors time the market? Do you know of any market timers with verifiable performance numbers? Buffet is the antithesis of market timing. I would be tickled to know of any market timers with performance numbers that outperform Buffett.

    Oh, I've seen many touting such numbers, but they are never verifiable. Mutual fund returns are public and verifiable. Are there mutual funds, among the 8,000, that use market timing as an investment approach, that anyone knows of? The Husman Funds perhaps?... oh, sorry, I agree, that's not good example, an absolute anomaly.

    What about the impact of tax payable on realized gains, now quite a significant factor, considering the gains that have been racked up over the past five years. Do these market timers factor in the cost of writing checks to the IRS when they liquidate, or are tax payments not a factor due to de minimis gains?

    I'm not trying to be facetious. I'm just trying to make sense out of these statements: "Have a strategy for getting back in..." and "My hope is that you now develop and consider how to implement a reasonable exit strategy if you don't already have one."

    These kinds of statements are not unique to the author. I can list 50 similar comments from market pundits over the past five years. I know many investors followed their advice and liquidated and are now waiting to get back in. What about the gains they forfeited?

    I'm looking forward to Adam's next article, hopefully entitled: "A Reasonable Exit Strategy."
    Mar 24, 2015. 11:45 AM | Likes Like |Link to Comment
  • General Electric: Enough Idle Chatter, Let's Cut To The Chase [View article]
    As a reward for their mismanagement, insiders voted themselves a boat load of options after the stock cratered from $50 when Immelt took over to $6. This company's first objective is to enrich insiders. There is no shame in the company's boardroom.
    Mar 24, 2015. 11:07 AM | 6 Likes Like |Link to Comment
  • Is It Impossible To Predict The Future? [View article]
    Cullen, It would be nice if Mothmo could publish his/her real name and not hide behind a pseudonym when he/she gets this personal and vindictive.

    Perhaps Mothmo wanted to say, I don't agree with your views, but I will defend your right to say it with my life, but when he/she put it in words, it came out all wrong.

    Don't sweat the small things.
    Mar 24, 2015. 10:26 AM | 4 Likes Like |Link to Comment
  • AMERCO: Moving Your Portfolio In The Right Direction [View article]
    Large insider ownership, no stock options, no restricted stock units, modest executive compensation... shareholder friendly... great corporate governance.
    Feb 13, 2015. 11:13 AM | Likes Like |Link to Comment
  • Is Putin Winning The Oil War? [View article]
    "Russian propaganda...." vs. the propaganda of Washington and their presstitutes.

    Here are some objective links:

    "F-ck The EU" - White House

    UK Guardian:

    The threat of war in Ukraine is growing. As the unelected government in Kiev declares itself unable to control the rebellion in the country's east, John Kerry brands Russia a rogue state. The US and the European Union step up sanctions against the Kremlin, accusing it of destabilising Ukraine. The White House is reported to be set on a new cold war policy with the aim of turning Russia into a "pariah state".

    That might be more explicable if what is going on in eastern Ukraine now were not the mirror image of what took place in Kiev a couple of months ago. Then, it was armed protesters in Maidan Square seizing government buildings and demanding a change of government and constitution. US and European leaders championed the "masked militants" and denounced the elected government for its crackdown, just as they now back the unelected government's use of force against rebels occupying police stations and town halls in cities such as Slavyansk and Donetsk.

    "America is with you," Senator John McCain told demonstrators then, standing shoulder to shoulder with the leader of the far-right Svoboda party as the US ambassador haggled with the state department over who would make up the new Ukrainian government.

    Putin, in his own words:

    None of the stuff above ever made it into lamestream media, not even to provide an alternative perspective, or to debunk it. Journalists in the US and their bosses want nothing more than an invite to White House Press banquets. They would not dare to contradict or challenge Washington's propaganda.

    If it wasn't for Putin, that miscreant John Kerry, with a Texas-size ego, would have dumped us into WWIII.

    Kerry's over-funded and over-hyped CIA still cannot confirm who fired the chemical weapon in Syria (truth is, the CIA supplied it to the rebels). Neither will they tell us who shot down the Malaysian airliner because the truth contradicts the lies Washington told us after the tragedy.
    Dec 29, 2014. 12:05 PM | 2 Likes Like |Link to Comment
  • What Lies Behind The Plunge Of The Ruble? [View article]
    No, Putin is not a dictator, neither is he a thug, regardless of how many times Fox News and the other lamestream media hacks try and portray this image. There are plenty of independent sources of information, here in the US and abroad, that provide a more objective view of Russia and Putin. It is safe to say that whatever Washington and their media presstitutes tell us, the truth is just the opposite 99% of the time.
    Dec 29, 2014. 10:00 AM | 3 Likes Like |Link to Comment
  • The Oil Price Shock: Primary, Secondary, And Collateral Effects [View article]
    The CIA sat down with the Saudis and said: “The criminals in Washington are very upset with Putin, because he stopped them from starting a war in Syria. He also allowed the people of the Crimea to vote for reincorporation into Russia. They want the world to believe that Putin invaded Crimea, but an invasion looks more like what happened in Iraq, so Washington also lost that argument. So, to teach Putin a lesson, let’s manipulate the oil price. Ramp up production. The US taxpayer will make you guys whole after about six months of pain in Russia. We’ll give you a hundred billion dollar in weapons through our foreign aid and defense budgets, when nobody is watching.” The Saudi’s said: “That’s fine by us. We also don’t like Putin. He is a friend of Assad.” What we save at the pump today, we will pay for in the form of interest on the resultant increased in debt, for decades to come.
    Dec 23, 2014. 12:54 PM | 1 Like Like |Link to Comment
  • AIG could be on the hook if Greenberg wins suit [View news story]
    "Now if the feds lose the trial they will go against AIG shareholders to indemnify the "old" shareholders at the expense of the "new" shareholders."

    Only in America, when the likes of Eric Holder puts his extortionist machine in motion. That said, I guess, AIG did not join the lawsuit to keep its powder dry. I can't see the government going after current AIG shareholders, but if they do, I hope AIG roll out their legal cannons and blow Washington to smithereens. Long AIG.
    Nov 14, 2014. 09:37 AM | 1 Like Like |Link to Comment