donzoab's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/164180/comments http://seekingalpha.com/article/171426-why-wells-fargo-is-a-great-buy?source=feed#comment-746128 746128

On Nov 05 07:48 AM Steve J wrote:

> donzooab,
> you state WFC "would be toast" if it were not for FASB rules changes.
> You need to review their 2008 balance sheet what 1) type of securities
> WFC had, 2) mix of depositors, and off BS 3) type of derivatives
> sold and bought in tandem with their liquidity.
> WFC had a AAA rating and 52 week high pps during late 2008 for a
> reason.]]> Thu, 05 Nov 2009 09:20:47 -0500

On Nov 05 07:48 AM Steve J wrote:

> donzooab,
> you state WFC "would be toast" if it were not for FASB rules changes.
> You need to review their 2008 balance sheet what 1) type of securities
> WFC had, 2) mix of depositors, and off BS 3) type of derivatives
> sold and bought in tandem with their liquidity.
> WFC had a AAA rating and 52 week high pps during late 2008 for a
> reason.]]> http://seekingalpha.com/article/171426-why-wells-fargo-is-a-great-buy?source=feed#comment-745787 745787 Without the suspension of FASB rules pertaining to off balance sheet holdings and mortgage servicing losses, ignoring mortgage and heloc losses and suspending foreclosures etc, this bank would be toast. Having Buffet behind you only helps bring additional support to manipulate the rules to suit your current problems.
Wachovia was one of the worst ponzi scheme banks in history. They paid employee bonus's on loans that were immediately underwater. Management pushed production over profitability and paid accordingly. Wells bought this mess while their own loan book was imploding.
Enter the government with tax payer money, fasb rules suspensions and SEC rule changes to support the stock. All at the expense of successful local banks that didn't participate in the securitization market.
Your thesis will most likely be right in the long run as the political machine is churning here, but reality is WFC is insolvent (and I didn't even get into their commercial losses). Nice to have friends in high places. ]]> Thu, 05 Nov 2009 07:16:33 -0500 Without the suspension of FASB rules pertaining to off balance sheet holdings and mortgage servicing losses, ignoring mortgage and heloc losses and suspending foreclosures etc, this bank would be toast. Having Buffet behind you only helps bring additional support to manipulate the rules to suit your current problems.
Wachovia was one of the worst ponzi scheme banks in history. They paid employee bonus's on loans that were immediately underwater. Management pushed production over profitability and paid accordingly. Wells bought this mess while their own loan book was imploding.
Enter the government with tax payer money, fasb rules suspensions and SEC rule changes to support the stock. All at the expense of successful local banks that didn't participate in the securitization market.
Your thesis will most likely be right in the long run as the political machine is churning here, but reality is WFC is insolvent (and I didn't even get into their commercial losses). Nice to have friends in high places. ]]> http://seekingalpha.com/article/169726-ge-down-10-days-in-a-row?source=feed#comment-735161 735161 I agree that some tactics need to be revised, i.e naked shorting but taxing traders is the wrong way to go.]]> Thu, 29 Oct 2009 07:50:33 -0400 I agree that some tactics need to be revised, i.e naked shorting but taxing traders is the wrong way to go.]]> http://seekingalpha.com/article/168875-goldman-stockholders-what-chumps?source=feed#comment-730813 730813 Mon, 26 Oct 2009 12:36:46 -0400 http://seekingalpha.com/article/164377-is-conocophillips-a-potential-multi-bagger?source=feed#comment-701281 701281 Oil isn't going away, and higher prices are sure to come one day. Alternative sources of energy are years away from making any meaningful dent in today's energy needs.
Buying cop in the low 40's ( as I have been doing) and booking the nice dividend will lead to significant gains down the road. Doing so in your Roth ira is even better as it will be tax free. If you're concerned that the stock will retest lows, sell a portion of the position and repurchase lower, booking the cash as a nice gain. Keep the core position in case you're wrong and the stock moves ever higher.
Either way you win.
Stop bashing other's opinions. Everyone's analysis can be different if you're looking at different metrics. Sudden changes in the economy, world politics, public perception or market demand can change the course of a companies earnings in the short term.
Its a shame some come on this or other boards and post insults, negative false ranting or other nonsense.
This is a very simple game. If you're long, post why. If you're short, post why. Let the market show who is right long and short term, and try to profit from it. Agree to disagree and benefit from each others analysis. In the end, you really don't have any say. The big institutions , hedge funds and investment banks control all the flow. ]]> Sat, 03 Oct 2009 10:13:12 -0400 Oil isn't going away, and higher prices are sure to come one day. Alternative sources of energy are years away from making any meaningful dent in today's energy needs.
Buying cop in the low 40's ( as I have been doing) and booking the nice dividend will lead to significant gains down the road. Doing so in your Roth ira is even better as it will be tax free. If you're concerned that the stock will retest lows, sell a portion of the position and repurchase lower, booking the cash as a nice gain. Keep the core position in case you're wrong and the stock moves ever higher.
Either way you win.
Stop bashing other's opinions. Everyone's analysis can be different if you're looking at different metrics. Sudden changes in the economy, world politics, public perception or market demand can change the course of a companies earnings in the short term.
Its a shame some come on this or other boards and post insults, negative false ranting or other nonsense.
This is a very simple game. If you're long, post why. If you're short, post why. Let the market show who is right long and short term, and try to profit from it. Agree to disagree and benefit from each others analysis. In the end, you really don't have any say. The big institutions , hedge funds and investment banks control all the flow. ]]> http://seekingalpha.com/article/162891-johnson-johnson-a-buy-on-early-expansion-weakness?source=feed#comment-687240 687240 Second, management in public companies buy back stock when their options are coming up. This pushes the price per share up so they can maximize their profits. Why else would they be buying stock at the top of the market when they could be using this cash to fund more acquisitions to build out their pipelines. A thourough analysis of this behavior across the market is warrented.
I think your price targe is accurate though. Add the dividend over the next 4-5 years and this is as safe and solid a return as you can hope for.]]> Wed, 23 Sep 2009 08:31:10 -0400 Second, management in public companies buy back stock when their options are coming up. This pushes the price per share up so they can maximize their profits. Why else would they be buying stock at the top of the market when they could be using this cash to fund more acquisitions to build out their pipelines. A thourough analysis of this behavior across the market is warrented.
I think your price targe is accurate though. Add the dividend over the next 4-5 years and this is as safe and solid a return as you can hope for.]]> http://seekingalpha.com/article/156578-amazon-bearish-pattern-forms?source=feed#comment-633416 633416 It all depends if your looking for a trade or if your an investor.

Amzn will continue to grow for many years. If you ever bought anything on line they stand out as an amazing value and their service is fantastic]]> Mon, 17 Aug 2009 14:04:11 -0400 It all depends if your looking for a trade or if your an investor.

Amzn will continue to grow for many years. If you ever bought anything on line they stand out as an amazing value and their service is fantastic]]> http://seekingalpha.com/article/156383-iphone-3gs-owners-are-happy-good-for-apple?source=feed#comment-632522 632522 I won't be upgrading again. My next move is back to the blackberry or Pre. Anything else. Time to go back to Verizon and get a phone that actually works and a PDA that can really surf the net. ]]> Sun, 16 Aug 2009 23:12:16 -0400 I won't be upgrading again. My next move is back to the blackberry or Pre. Anything else. Time to go back to Verizon and get a phone that actually works and a PDA that can really surf the net. ]]> http://seekingalpha.com/article/153919-dow-target-6-617-october-25-2009-here-is-why?source=feed#comment-616312 616312 For now, the market will follow the herd mentality and continue higher until the retail investors are all in.
The FED printing money will eventually lead to a blowoff top just like it did in 1999. Crushing debt, high unemployment, rampent inflation will follow. Municipal governements around the country are struggling to make their debt payments now. Wait unil the rate resets start in 2014 on the commercial RE market.
Investors are chasing return in the hope of gaining back staggering losses. When the tide turns, they will panic and not want to lose again. That may exasperate the power of the move down.
Cash for clunkers is a joke. Another ploy to help save a dying auto industry. Not because they can't innovate, because the refuse to do so. Foreign automakers are years ahead of them. They had their chance and blew it.
Banks/Brokerages and institutional investors have all been bailed out with YOUR tax money. Top execs win. You lose. Did you get a bailout? How is that home price fairing? You can't foreclose on your bank but they will surely go after you. Your tax money saves them and they foreclose on you with what's left. NICE!!!!!
At $11Trillion and rising, our national debt is becoming an enormous burden on our society and future generations. You work hard to send your tax money to china, russia, other countries????? Stupid. They in return send us inferior products and toxic toys. GREAT..
Add it up. Crushing debt, rising unemployment, crumbling infrastructure, commercial defaults, foreclosures, credit card defaults, socialistic new government, bankrupt medicaid,medicare, social security and aging population without retirement savings. Sure the market will rally with $4 trillion on the sidelines. Trouble is, nobody rings the bell at the top.]]> Wed, 05 Aug 2009 11:34:49 -0400 For now, the market will follow the herd mentality and continue higher until the retail investors are all in.
The FED printing money will eventually lead to a blowoff top just like it did in 1999. Crushing debt, high unemployment, rampent inflation will follow. Municipal governements around the country are struggling to make their debt payments now. Wait unil the rate resets start in 2014 on the commercial RE market.
Investors are chasing return in the hope of gaining back staggering losses. When the tide turns, they will panic and not want to lose again. That may exasperate the power of the move down.
Cash for clunkers is a joke. Another ploy to help save a dying auto industry. Not because they can't innovate, because the refuse to do so. Foreign automakers are years ahead of them. They had their chance and blew it.
Banks/Brokerages and institutional investors have all been bailed out with YOUR tax money. Top execs win. You lose. Did you get a bailout? How is that home price fairing? You can't foreclose on your bank but they will surely go after you. Your tax money saves them and they foreclose on you with what's left. NICE!!!!!
At $11Trillion and rising, our national debt is becoming an enormous burden on our society and future generations. You work hard to send your tax money to china, russia, other countries????? Stupid. They in return send us inferior products and toxic toys. GREAT..
Add it up. Crushing debt, rising unemployment, crumbling infrastructure, commercial defaults, foreclosures, credit card defaults, socialistic new government, bankrupt medicaid,medicare, social security and aging population without retirement savings. Sure the market will rally with $4 trillion on the sidelines. Trouble is, nobody rings the bell at the top.]]> http://seekingalpha.com/article/153220-my-new-iphone-3gs-beyond-awesome?source=feed#comment-612497 612497 Mon, 03 Aug 2009 08:16:30 -0400 http://seekingalpha.com/article/150811-amazon-s-zappos-acquisition-makes-good-stategic-sense?source=feed#comment-599458 599458 Look for new highs to be coming and use pullbacks as the obvious opportunity to build a great position.]]> Thu, 23 Jul 2009 11:09:33 -0400 Look for new highs to be coming and use pullbacks as the obvious opportunity to build a great position.]]> http://seekingalpha.com/article/147996-energy-regulation-weighs-on-u-s-exchanges?source=feed#comment-581821 581821 When multiple funds conspire to push in one direction, efficient markets collapse. Just look at what happened to the financial services industry as a result of all the short activity.
supply and demand does not always work in the short term when these aggressive large players get together. This unethical behavior is what should be regulated/prosecuted. ]]> Fri, 10 Jul 2009 06:53:54 -0400 When multiple funds conspire to push in one direction, efficient markets collapse. Just look at what happened to the financial services industry as a result of all the short activity.
supply and demand does not always work in the short term when these aggressive large players get together. This unethical behavior is what should be regulated/prosecuted. ]]> http://seekingalpha.com/article/144947-how-nice-is-a-merger-with-verint?source=feed#comment-560238 560238 This is also a very bad time to use up all of your cash or layer on substantial debt just to acquire a weaker competitor with vastly inferior products.]]> Wed, 24 Jun 2009 09:03:27 -0400 This is also a very bad time to use up all of your cash or layer on substantial debt just to acquire a weaker competitor with vastly inferior products.]]> http://seekingalpha.com/article/139999-roubini-the-revisionist?source=feed#comment-520876 520876 An economists job is to adjust to real world market changes. If you read any of the pieces on Mr Roubini's website, you will see that he is still negative on the US markets and expects futher declines. rgemonitor.com]]> Thu, 28 May 2009 08:23:03 -0400 An economists job is to adjust to real world market changes. If you read any of the pieces on Mr Roubini's website, you will see that he is still negative on the US markets and expects futher declines. rgemonitor.com]]> http://seekingalpha.com/article/137996-7-reasons-not-to-buy-berkshire-hathaway?source=feed#comment-507065 507065 Most disturbing is the total lack of focus on the insurance float. This FCF gives Buffet enormous leverage in investments.
The only thing preventing Buffet from doubling the share price from here would be his death. His diet of cherry coke and dairy queen should hasten this. I don't use most of his companies products but recognize the value of the holdings.

]]> Sun, 17 May 2009 10:06:42 -0400 Most disturbing is the total lack of focus on the insurance float. This FCF gives Buffet enormous leverage in investments.
The only thing preventing Buffet from doubling the share price from here would be his death. His diet of cherry coke and dairy queen should hasten this. I don't use most of his companies products but recognize the value of the holdings.

]]> http://seekingalpha.com/article/132481-amazon-earnings-preview-how-long-before-the-jig-is-up?source=feed#comment-473989 473989 Thu, 23 Apr 2009 09:26:44 -0400 http://seekingalpha.com/article/130739-goldman-sachs-backlash-is-picking-up-steam?source=feed#comment-462555 462555 Tue, 14 Apr 2009 09:07:48 -0400 http://seekingalpha.com/article/130639-sucker-s-rally-approaching-an-end?source=feed#comment-461287 461287 This type of deficit spending will eventually drive some consumer driven market increases, but in the longer run, it is extremely bad for our economy.
Future generations are going to foot the bill for our bad behaviors.
Some will still profit in this mayhem. Trading around your core positions will at least yield some free cash flow to your portfolio. Options can also limit your downside exposure.
Everyone so busy trying to call the bottom in the markets that they are missing the bigger pictures. Don't be distracted. More bad news lurking. Time will be needed to fix this as well as some fiscally responsible local/state and national budgets. ]]> Mon, 13 Apr 2009 08:29:33 -0400 This type of deficit spending will eventually drive some consumer driven market increases, but in the longer run, it is extremely bad for our economy.
Future generations are going to foot the bill for our bad behaviors.
Some will still profit in this mayhem. Trading around your core positions will at least yield some free cash flow to your portfolio. Options can also limit your downside exposure.
Everyone so busy trying to call the bottom in the markets that they are missing the bigger pictures. Don't be distracted. More bad news lurking. Time will be needed to fix this as well as some fiscally responsible local/state and national budgets. ]]> http://seekingalpha.com/article/129705-a-new-quarter-begins-looking-back-looking-ahead?source=feed#comment-453877 453877 Mon, 06 Apr 2009 15:45:58 -0400 http://seekingalpha.com/article/128169-taking-issue-with-david-dreman?source=feed#comment-442049 442049 The REAL culprit here is the legal system. Unless Tort reform is finally passed, lawyers will rule the world and society will continue to say "I am not responsible for my own actions" Let the penalty fit the crime.]]> Fri, 27 Mar 2009 08:27:48 -0400 The REAL culprit here is the legal system. Unless Tort reform is finally passed, lawyers will rule the world and society will continue to say "I am not responsible for my own actions" Let the penalty fit the crime.]]> http://seekingalpha.com/article/127473-roubini-and-other-doomsayers-will-be-proven-wrong?source=feed#comment-437784 437784 Too many conflicting players. Geithner's plan does nothing more then bail out Goldman Saks, JPM and other greedy players sending a bad signal to the worlds investors. (and think about the example it teaches our children). Shame]]> Tue, 24 Mar 2009 07:23:21 -0400 Too many conflicting players. Geithner's plan does nothing more then bail out Goldman Saks, JPM and other greedy players sending a bad signal to the worlds investors. (and think about the example it teaches our children). Shame]]> http://seekingalpha.com/article/126575-wells-fargo-and-us-bancorp-hitch-a-ride-with-these-two?source=feed#comment-430314 430314 IF WFC can swallow this culture without bleeding to death I will be impressed. The rats that fled to Morgan Stanley will surely kill them next.]]> Wed, 18 Mar 2009 08:40:15 -0400 IF WFC can swallow this culture without bleeding to death I will be impressed. The rats that fled to Morgan Stanley will surely kill them next.]]> http://seekingalpha.com/article/117302-3-reasons-i-think-a-bull-market-rally-is-imminent?source=feed#comment-369855 369855 9650 day of obama's election
9050 day of inauguration
8300 on this run??
We still have NOT tested the true low in 2002 or 7250. We will, be patient.]]> Thu, 29 Jan 2009 10:40:38 -0500 9650 day of obama's election
9050 day of inauguration
8300 on this run??
We still have NOT tested the true low in 2002 or 7250. We will, be patient.]]> http://seekingalpha.com/article/113965-sears-is-holding-strong?source=feed#comment-350564 350564 Fri, 09 Jan 2009 09:12:59 -0500 http://seekingalpha.com/article/113786-intuitive-surgical-dips-below-100?source=feed#comment-349447 349447 Thu, 08 Jan 2009 08:34:02 -0500 http://seekingalpha.com/article/106445-general-electric-genuine-risk-of-collapse?source=feed#comment-308475 308475 1. GE has been winning very large contracts in Turbine and energy sectors recently.
2. GE has access to the TARP funds and the government is supporting their use of commercial paper. This market will eventually open back up. Just takes time
3. GE is still profitable and growing their cash. Selling assets and issuing some stock has helped them increase their liquidity in time to support operations.
4. While a great many companies are struggling to borrow money, GE is now well capitalized despite the numbers shown above. With access to the Fed window and TARP, they will have no problem meeting short term debt obligations.
5. Stating that Buffet has made a huge mistake is quite a leap here. He is very long term minded and his record speaks for itself.
6. Panic in the markets always make for the best buying opportunities. This one is deep and serious but will eventually recover. GE is not going under here and $10 is a stretch. This is not AIG.
7. GE can trim operating costs in many ways and Jeff Imelt is doing the best he can in a very difficult environment. Jack Welsh for all his returns destroyed the environment with negligence and greed in many towns, cities and rivers during his tenor. Just ask the people living along the Hudson River. Can you say PCB's.
Dow 6k could happen but that would just make this a better bargain. My recommendation here is to buy some stock and take a PUT position to limit any future downside, or write covered calls to increase your total return. ]]> Mon, 17 Nov 2008 22:01:05 -0500 1. GE has been winning very large contracts in Turbine and energy sectors recently.
2. GE has access to the TARP funds and the government is supporting their use of commercial paper. This market will eventually open back up. Just takes time
3. GE is still profitable and growing their cash. Selling assets and issuing some stock has helped them increase their liquidity in time to support operations.
4. While a great many companies are struggling to borrow money, GE is now well capitalized despite the numbers shown above. With access to the Fed window and TARP, they will have no problem meeting short term debt obligations.
5. Stating that Buffet has made a huge mistake is quite a leap here. He is very long term minded and his record speaks for itself.
6. Panic in the markets always make for the best buying opportunities. This one is deep and serious but will eventually recover. GE is not going under here and $10 is a stretch. This is not AIG.
7. GE can trim operating costs in many ways and Jeff Imelt is doing the best he can in a very difficult environment. Jack Welsh for all his returns destroyed the environment with negligence and greed in many towns, cities and rivers during his tenor. Just ask the people living along the Hudson River. Can you say PCB's.
Dow 6k could happen but that would just make this a better bargain. My recommendation here is to buy some stock and take a PUT position to limit any future downside, or write covered calls to increase your total return. ]]> http://seekingalpha.com/article/103439-the-worst-is-likely-behind-us?source=feed#comment-296217 296217 Yes we will see rallies, and the smart patient investor will continue to buy at lower levels and sell into these rallies. however I do not see a strong return to growth in the stock market until 2017 at the earliest. ]]> Sun, 02 Nov 2008 08:57:12 -0500 Yes we will see rallies, and the smart patient investor will continue to buy at lower levels and sell into these rallies. however I do not see a strong return to growth in the stock market until 2017 at the earliest. ]]> http://seekingalpha.com/article/89365-china-medical-why-the-rapid-growth?source=feed#comment-223856 223856 Wed, 06 Aug 2008 08:52:20 -0400 http://seekingalpha.com/article/87209-banking-sector-band-aids-just-won-t-do-it?source=feed#comment-215437 215437 The government can bail out bad mortgage holders but the CEO's of banks and brokerages are getting away with murder. All the profits and bonuses that have been paid out under this system of unregulated greed infested system only line the pockets of a few at the top. The rest lose their jobs, their homes ,their life savings etc.
How do you lose BILLIONS of dollars, then get a bonus to leave the company.??? New CEO's come in to FIX the problem while thousands of hard working employees are laid off for short term savings.? How does this system work any better? Wipe out the common holders (AND TAKE AWAY THESE GOLDEN PARACHUTES) and start over]]> Sun, 27 Jul 2008 08:15:18 -0400 The government can bail out bad mortgage holders but the CEO's of banks and brokerages are getting away with murder. All the profits and bonuses that have been paid out under this system of unregulated greed infested system only line the pockets of a few at the top. The rest lose their jobs, their homes ,their life savings etc.
How do you lose BILLIONS of dollars, then get a bonus to leave the company.??? New CEO's come in to FIX the problem while thousands of hard working employees are laid off for short term savings.? How does this system work any better? Wipe out the common holders (AND TAKE AWAY THESE GOLDEN PARACHUTES) and start over]]> http://seekingalpha.com/article/84537-mercadolibres-price-target?source=feed#comment-202774 202774 Fri, 11 Jul 2008 07:27:38 -0400