pshah

22 Comments

    • ON: Thu Sep 25th 17:11 PM
      Commented on:
      Bailout in Installments Is Still Nonsense
      The elected officials are not sheep - if they sign on to this, they are just as guilty of the biggest boondoggle in US history. I salute the politicians who are opposing this, but am cynical as to their true motives anyway.
      View article »
    • ON: Wed Aug 13th 18:51 PM
      Commented on:
      Option ARMs, Who Thought Up these Time Bombs?
      Option Arms are far deadlier than subprime ever was. With subprime, the issue was unaffordable mortgages mainly due to high interest rates adjusting higher. But at least borrowers would be making full principal and interest payments and many lenders can try to solve the problem by modifying the loans and lowering their rates in some cases.

      With Option Arms, borrowers were qualified using the artificially low minimum payment that simply inflates their balance each month. With home prices falling, they keep owing more on their homes every month. No amount of modfication will help because lenders will only modify them into regular principal and interest payments and these overstretched borrowers can't afford them. They just have to walk away in most cases.
      View article »
    • ON: Mon Aug 11th 18:02 PM
      Commented on:
      Amazon: Kindle Estimates Keep Going Up
      Erick, you really need to read Citi's analysis. The guy is basing his numbers on stuff like positive reviews on Amazon's site, Kindle's sales rankings on its site and a 'leak' to a Silicon Valley newsletter from someone 'close to Amazon'. Ridiculous short opportunity.
      View article »
    • ON: Tue Aug 5th 16:39 PM
      Commented on:
      Merrill: Losing the Expectations Game
      Felix, you are refuting your own arguement. You are right that Merrill of 2008 is not the same as Merrill of 2004. That's why its worth a lot less. MER of 04 had a massive dependence on CDO's etc that have turned into toxic waste.

      Berman's point was that with the huge dilution of MER's stock, it would take a miracle to get a decent EPS for its shareholders.

      And please don't accuse Thain of DOWNPLAYING Merrill's prospects. Even a caveman knows that's not true.
      View article »
    • ON: Tue Aug 5th 16:34 PM
      Commented on:
      Investment Discipline in the Year of Capitulation
      The author should disclose the source of all this data that he is spewing. What is the timeframe for this return data?

      ANd, like a previous comment, how can you define a 40% loss as a mark of a good money manager? A monkey could see this bear market coming and any of these above 'gurus' should have protected their investors from this.
      View article »
    • ON: Sat Aug 2nd 12:27 PM
      Commented on:
      Know How Many Kindles Amazon Has Sold? 240,000
      Agree with Louie - I am not sure how you can assume a quadrupling of Kindle sales for each of the next two years. Early adopters have already bought and it would have to a lot more affordable for the rest to be convinced.
      View article »
    • ON: Thu Jul 31st 13:01 PM
      Commented on:
      Five Stocks to Own Now that the Dow Has Bottomed
      The author may want to change his opinion about negative GDP growth based on the latest numbers. And how does he arrive at the 24 cent estimate for MER?? And WM??? A bank that does not project any profits for the next 2 years?

      This has to be the dumbest article on SA this week.
      View article »
    • ON: Thu Jul 31st 11:52 AM
      Commented on:
      Why Merrill's CDO Sale Doesn't Mean Big Writeoffs Elsewhere
      Vikram Pandit has a 'new broom' at Citi too - and probably bigger problems at the behemoth. Those 2005 CDOs are almost just as toxic as the 2006 & 2007 versions and its just a matter of time for their firesale value to be realized.
      Remember - those 06 & 07 versions were rated the same as the 05: AAA.
      View article »
    • ON: Sat Jul 26th 11:00 AM
      Commented on:
      The Russian Stock Market Plunge
      Keep it up Mark - another great post. Am not sure about MTL's prospects right now cause who can really predict Comrade Putin's mood swings.

      Maybe the only markets left to attack would be Canada and the Middle East now that oil, and therefore ALL commodities, going to be sold in pennies. Rush in to the 'stable' financials folks!
      View article »
    • ON: Tue Jul 22nd 13:16 PM
      Commented on:
      Financials: How - And When - We Reached the Bottom
      Every quarter, with these 'better than expected' earnings, bulls crawl out of the bushes and start screaming victory. Give them a couple of weeks till reality sets in.
      View article »
    • ON: Tue Jul 22nd 13:14 PM
      Commented on:
      Financial-Dip Buyers Forget To Ask What's Next
      Stating the obvious that the market is overlooking. This is deja vu again - just like the previous two quarterly earnings seasons. Remember in Nov-Jan when banks were proclaiming the damage was limited just to subprime? And then in April when banks reported dilutive fund-raising along with 'better than expected' earnings? Both times shares were bid up and 'experts' on CNBC proclaimed the next great bull run.
      View article »
    • ON: Tue Jul 22nd 12:48 PM
      Commented on:
      Financials: How - And When - We Reached the Bottom
      Just like most folks on this site, I'm no expert at this. But let's consider people on opposite sides of this 'bottom vs. no bottom' debate:

      No bottom: Jim Rogers, Soros, John Paulson, Phil Falcone, Jim Chanos
      vs.
      Bottom: Hank Paulson, our trusted govt., Bill Miller, author Tom Brown

      First, we have a list of investors who have had a very long record of being right and succesful and who continue to bet against the financials and sell the rally (see WSJ today). Then we have the Pollyanas like Miller who's actually ranked in bottom 28% of fund managers by Morningstar for his 10yr performance and Tom Brown who's had a mixed record at best with his blunders like First Marblehead and CCRT.

      Its a rout for the no-bottom team.
      View article »
    • ON: Mon Jul 21st 18:17 PM
      Commented on:
      India's Strong Growth Should Continue
      Bad article and some bad comments too. I am Indian and I know that lacs and crores are used only in India and nowhere else.
      FYI: 1 lakh = 100,000 and 1 crore = 100 lakhs = 10million.

      Article is obviously a little biased as it ignores significant political inteference in essentials like infrastructure, health care and education that prevent India from achieving its true potential. This has created an unstable business enivornment, especially if the govt collapses in the near future. Plus, you can't compare India to US, EU or Japan to get a proper feel re growth rates.

      And India is not a socialist country!! It has tremendous potential but , as everywhere else, there are potholes on its road - literally and figuratively.
      View article »
    • ON: Mon Jul 21st 13:23 PM
      Commented on:
      Aggresive Investors Should Ante Up with ProShares Ultra Financial ETF
      If you really want to bet on a revival in financials with lower risk, then LEAPS in GS or JPM might be better. They are not expected to bleed as much as the others and might pick up more market share.
      View article »
    • ON: Thu Jul 17th 13:37 PM
      Commented on:
      S&P 500 Earnings Beat Rate at 72%
      Lets not forget that a lot of these positive earnings surprises were over substantially reduced estimates, especially for financials. Therefore, its too early to read anythng positive into this, given that the worst culprits like MER and C have yet to report.
      View article »
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