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SSALarry

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  • Greenlight Capital's David Einhorn says Steve Ballmer's "continued presence is the biggest overhang on Microsoft's stock," as Ballmer's inability to keep up with the times has caused share price to stagnate while letting rivals zoom ahead. Holding 9M of MSFT's shares (0.11% of the float), Greenlight wants Ballmer to step down.  [View news story]
    Ballmer may be a good nuts and bolts administrator, I don't know, but he does not have vision for new products. MSFT is always late to the party when trends shift and usually respond with an inferior product, although they have done some nice things with the Xbox.
    May 26 12:23 PM | 1 Like Like |Link to Comment
  • CNBC anchor Mark Haines has passed away at the age of 65.  [View news story]
    Very surprising and sad news, he wasn't afraid to call B.S. artists out. Rest in peace.
    May 25 10:13 AM | 3 Likes Like |Link to Comment
  • In its secular outlook, Pimco expects a period of "financial repression," where policymakers avoid addressing structural issues, and instead suppress interest rates into negative territory, stealthily easing the terms on which they must repay their massive debt.  [View news story]
    Their "New Normal" prediction of low returns for years turned out so well, I can't see why people would pay attention to them.
    May 17 11:29 AM | Likes Like |Link to Comment
  • The Mississippi flooding is expected to cause billions of dollars in damages, with one economist putting the figure at up to $4B. The deluge is heading towards the Gulf Coast, where many of the U.S.'s biggest refineries are located, hastening the return of  $4-a-gallon gasoline.  [View news story]
    I would bet none of the refiners are affected by the floods, the floods are just another excuse to push prices higher.
    May 11 07:53 AM | 3 Likes Like |Link to Comment
  • AT&T: Is There Still Growth Potential? [View article]
    Question was asked, but not answered, in addition, AT&T had the IPhone long before Verizon did, so your facts are not even right.
    May 9 08:23 PM | 6 Likes Like |Link to Comment
  • Ben Lichtenstein doing the play-by-play from the S&P pit during last year's flash crash remains a riveting classic.  [View news story]
    I have listened to it several times since the crash and it is a classic.
    May 6 12:33 PM | Likes Like |Link to Comment
  • Jeremy Grantham's latest essay, an apocalyptic description of a planet running out of resources, is either a wake-up call or the mother of all sell signals. One hundred years of commodity price declines have been wiped out since 2002, says Grantham, contending a similar length uptrend is now in place.  [View news story]
    Kind of a nothing article, he only stated we are running out of commodities (I disagree) and then says we have to adjust our investment thesis, but gives no details.
    Apr 25 08:38 PM | 6 Likes Like |Link to Comment
  • Doug Kass is the latest to jump on the "2011 is 2008" bandwagon, citing U.S. growth that peaked in February, higher costs for life's necessities, and home prices that may have begun a second dip - all while the stock market remains oblivious. "At best, subpar growth looms on the domestic economy's horizon; at worst, a double-dip is still possible."  [View news story]
    I believe Mr. Kass has been a bear for quite sometime, missing a lot of the run up. I will give him credit for calling the bottom, but he turned bearish way too early.
    Apr 25 03:47 PM | 5 Likes Like |Link to Comment
  • Berkshire Mess Reveals 'The Goldman Sachs Double Standard' [View article]
    How does his investment in Goldman tarnish his reputation? Goldman needed capital, Buffett had it and he made Goldman pay quite a high interest rate to get it. I don't think an investment that earns an excellent return for BRK shareholders will be looked at as tarnishing his reputation.
    Apr 2 08:55 AM | Likes Like |Link to Comment
  • Berkshire Mess Reveals 'The Goldman Sachs Double Standard' [View article]
    Martha Stewart got a bad deal, I'm no fan, but that was a bad deal.
    Mar 31 03:45 PM | 9 Likes Like |Link to Comment
  • Berkshire Mess Reveals 'The Goldman Sachs Double Standard' [View article]
    You mean the Goldman where a board member walked out of a meeting and called a hedge fund manager with inside information he learned two minutes ago. You mean the Goldman that was selling a mortgage product to customers while betting against it because they knew it was crap. Sorry, Goldman has earned their reputation and Buffett has earned his.
    Mar 31 03:09 PM | 31 Likes Like |Link to Comment
  • Our Energy Policy Looks Like a Bubble [View article]
    I see by your profile that your career is promoting renewable energy, which is fine, we all need careers. But, I suspect that since your career is promoting green energy and raising concerns about climate change, that your opinion might be a bit shaded.

    I happen to believe renewable energy will never provide more than a small percentage of the energy the world needs. We will need renewables, they just can't provide the scale needed to power the world and that is what we now need to understand, the world needs energy and lots of it. Wind, solar, bio-fuels will help, but they will not and cannot provide all the energy that is needed.

    I also believe, as technology increases, new sources of oil and gas will be found. Just as fraking (a safe procedure) expanded the countries natural gas reserves and is now releasing oil from shale, so too will other technologies be developed to increase oil and gas reserves.

    In the mean time, countries, like Iraq, Russia and Brazil that are sitting on huge reserves will develop their fields. Countries like Canada, with the oil sands and Venezuela with their heavy oil will develop those reserves. All of which will put off the bursting of that bubble.

    So good luck with your green stocks, I will stick with my oil and pipeline companies.
    Mar 30 04:05 PM | 1 Like Like |Link to Comment
  • Dividend Boosts Keep Getting Bigger but Dividend Stocks Are Snoozing. Reason to Worry? [View article]
    Nice article, after reading Jeremy Siegel's book The Future for Investors, which detailed how dividend paying stocks outperform non-dividend paying stocks, I became a dividend growth investor. Finding the SA website has also helped as a number of dividend growth investors post insightful articles which help me maintain my discipline. It may not be the most exciting way to invest, but I am convinced, it is the most lucrative.
    Mar 21 08:06 AM | 16 Likes Like |Link to Comment
  • Pres. Obama's budget underestimates federal deficits by $2.3T over the coming decade, according to the Congressional Budget Office. His budgets would produce deficits totaling $9.5T over 10 years rather than his expected $7.2T. Chief reason for the discrepancy: Obama uses rosier economic assumptions.  [View news story]
    The Republican House cut a bunch of non-essential stuff like our membership in some climate change organization, which the Democratic Senate put right back in.
    Cutting is hard, one person's waste is another person's pet project, which is why Obama has been staying out of the fight. His plan is to stay out of the budget cutting so when people get mad at what is cut, he can claim he isn't responsible. That's some leadership.
    Mar 18 08:33 PM | 15 Likes Like |Link to Comment
  • A Realistic National Energy Policy and What It Means for Investors [View article]
    Interesting article, with some very good points. I am with you on ending subsidies for renewable/green energy, the tax payers are not getting any payback on those dollars, especially with ethanol. I also support natural gas for heavy transportation.

    You lost me on the increased nuclear energy though. I am not a supporter of nuclear energy, never have been. Nuclear energy is safe, until it isn't, then it REALLY isn't. In addition, you have the question of nuclear waste, which this country has yet to solve.

    I believe if we continue to increase efficiencies in our homes and automobiles, increase our use of natural gas and increase oil production in this country, as well as add renewable where it makes sense, then additional nuclear plants would not be needed.
    Mar 15 01:24 PM | 2 Likes Like |Link to Comment
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235 Comments
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