Paul Price

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129 Comments

    • Wed May 28th 12:44 PM | Rating: 0 0
      Commented on:
      Nasdaq OMX Group: You Can't Beat the Dealer
      There was a small error in the last example.

      The correct out-of-pocket number should read: $17,520, the net profit if shares > $40 would be $22,480 and the cash-on-cash best case profit would be 128.3%.

      The top two examples read correctly.
      View article »
    • Wed May 28th 07:54 AM | Rating: 0 0
      Commented on:
      USG Corp: Another Buffett 'Failure to Sell' Mistake
      Ax,

      If you think keeping a stock that dropped over 70% over a two year period was a wise move-then I wonder what you might classify as an investment decision mistake.
      View article »
    • Tue May 27th 13:19 PM | Rating: 0 0
      Commented on:
      USG Corp: Another Buffett 'Failure to Sell' Mistake
      It doesn't matter when or at what price shares were bought [other than for being LT v. ST taxwise].

      Any holder at the peak could have sold and avoided a 70% drop from that point forward.
      View article »
    • Tue May 27th 13:17 PM | Rating: 0 0
      Commented on:
      Home Depot Continues to Impress on Dividends
      Increasing HD's dividend when the EPS are declining would be a sign of management stupidity.

      You should like the shares less if that occurs this year, not more.
      View article »
    • Tue May 27th 11:43 AM | Rating: 0 0
      Commented on:
      USG Corp: Another Buffett 'Failure to Sell' Mistake
      Buffett is an excellent buyer at good valuations.

      His record at 'overstaying' in stocks like KO, Moodys, and others is his weakness.

      KO was almost $90 /share in 1998 and is still well under that 9 years later. It was down by more than 50% from its high not too long after the peak.

      USG is down over 70% from its 2006 high. Clearly any rational person would say he would have been better off selling back then even if he wanted to come back in to buy USG shares again later at much lower prices.
      View article »
    • Tue May 27th 11:37 AM | Rating: 0 0
      Commented on:
      Wesco Financial: Smaller Isn't Necessarily Better
      Chungst,

      What is the point of your comment?
      View article »
    • Mon May 26th 23:26 PM | Rating: 0 0
      Commented on:
      USG Corp: Another Buffett 'Failure to Sell' Mistake
      It's astounding that anyone could defend a decision that has already resulted in seeing shares decline by over 70% from their recent year peak.



      If anyone but Buffett had that result they'd be blasted.

      View article »
    • Mon May 26th 15:46 PM | Rating: 0 0
      Commented on:
      USG Corp: Another Buffett 'Failure to Sell' Mistake
      A German company is getting a strategic, long-term entry into the US market...

      Bought with Euros that make dollar denominated assets extremely cheap right now.

      It might make sense on that basis over a multi-year time horizon.
      View article »
    • Sat May 24th 20:45 PM | Rating: 0 0
      Commented on:
      Battle of the Building Material Makers: Owens Corning vs. USG Corp.
      USG is now expected to show a loss of $1.30 - $1.42/share for 2008 and to lose about $0.26 /share in 2009.

      It still sells well above book value of about $21 /share and the entire book value came from their [very smart] 2006 rights offering at $40/share which more than doubled their share count when times were still good. That took BV up from a negative $6.77 due to the anti-dilutive nature of that rights subscription.

      USG, with good reason, pays no dividend.

      With losses for the next year or two likely and no yield...
      What's the appeal?
      View article »
    • Fri May 23rd 08:12 AM | Rating: 0 0
      Commented on:
      MicroStrategy: An Enterprising Small-Cap
      When you sell puts and calls you are SHORTING those securites. YOu cannot get a long-term transaction from a short sale even if you don't close it out for more than a year.

      View article »
    • Thu May 22nd 08:53 AM | Rating: 0 0
      Commented on:
      AIG: Are the Losses Accelerating?
      Large investors just saw fit to invest $20 Billion in new capital at right around book value for new AIG shares.

      What do you know that these major investors don't? The very fact that so much new capital can be raised makes it very likely they see it a great chance to buy into a company with great long-term prospects at a rock-bottom price.

      The only thing holding back financial companies was the lack of confidence that they could 'weather the storm'. The new capital takes away this risk.

      A year or two from now these same companies will be doing massive 'write-ups' of mis-priced assets they were able to keep on their books and you'll be sorry you didn't join the big money investors buying in at the bottom.

      Weak companies [like Bear Sterns] could not attract the new capital injections they needed. Good ones like AIG can and did.
      There is a big difference between temporary problems and permanent ones.

      1 -3 years from now these out-of-favor giants will be the best stock market performers and fortunes will have been made by patient investorsa who ignored the media hype.
      View article »
    • Thu May 22nd 08:45 AM | Rating: 0 0
      Commented on:
      The Case for Amazon.com
      At the current valuation the chance for good long-term gains on AMZN shares is very low.

      WAY TOO EXPENSIVE to be a buy regardless of what you think of their business model.
      View article »
    • Wed May 21st 20:19 PM | Rating: 0 0
      Commented on:
      Oil Is Up Due to Fundamentals, Not Speculation
      Demand did not double over the past 12 months.
      View article »
    • Wed May 21st 00:31 AM | Rating: 0 0
      Commented on:
      MicroStrategy: An Enterprising Small-Cap
      Chungst,

      No matter how much time you are short a stock or an option it always will be taxed as a short-term transaction. You cannot have a 'holding period' on a short position.
      View article »
    • Mon May 19th 13:42 PM | Rating: 0 0
      Commented on:
      The Great MasterCard - Visa Debates
      They're both too expensive.
      View article »
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