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Marek

Marek
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  • Holy Smoke - My Favorite Idea That Everyone Knows But Doesn't Understand [View article]
    If I were the big tobacco firms I would be well along with planning my entry into the marijuana market, particularly looking to buy up the smoke and edibles players, medical products, the suppliers and growers already clearing the market pathways for me. A long way. They can't get bank financing yet...I can help them with that. I have lots of infrastructure, and expertise and labor familiar with growing and manufacturing things that people smoke, and all the brand registrations I could use already filed, years ago in fact. And I wouldn't be trumpeting those plans to the world, either. Remember this one? "No stems no seeds that you don't need, Acapulco Gold is badass weed." Put that in your pipe and smoke it.
    Apr 26, 2015. 02:46 AM | Likes Like |Link to Comment
  • Holy Smoke - My Favorite Idea That Everyone Knows But Doesn't Understand [View article]
    MO will long be inverted by then and relocated to Barbados, with Putin's stolen $40B their biggest shareholder. Trex is right about top management talent specializing on solving problems, it's what they do. :)
    Apr 26, 2015. 02:37 AM | Likes Like |Link to Comment
  • Holy Smoke - My Favorite Idea That Everyone Knows But Doesn't Understand [View article]
    Holden was a smoker.
    Apr 26, 2015. 02:34 AM | Likes Like |Link to Comment
  • Holy Smoke - My Favorite Idea That Everyone Knows But Doesn't Understand [View article]
    He was also a constant meth-head, or did that not matter to whatever point you were making?
    Apr 26, 2015. 02:24 AM | Likes Like |Link to Comment
  • Holy Smoke - My Favorite Idea That Everyone Knows But Doesn't Understand [View article]
    " so isn't it a dangerous business model to rely on this to drive revenue growth? " IBM has been using buybacks to substitute for a stagnant business model for years. So have a great many others, who actually could put their money into business development, if they had to, but with the current tax situation, it is more profitable to continue to run capital out of the company instead of engage in "real" capitalism.

    Now, if cash were not so onerously taxed, and borrowing so cheap that it approaches profitability on carrying some float somewhere, then maybe companies might have the incentive to pursue making money by employing people and selling stuff. In the meantime, "artificial" capitalism, i.e., tax efficiency, creates enough prospect, "artificial" as it might be, to attract investor demand for shares, and THAT demand is actually enough, along with the high dividend, to keep MO floating just as a reflection of the same thing happening in the larger economy. Tax reform on cash holdings might just accomplish the short opportunity you are looking for. Maybe THAT should be part of your analysis, since it's part of the business environment. What do you think about that?
    Apr 26, 2015. 02:20 AM | Likes Like |Link to Comment
  • Holy Smoke - My Favorite Idea That Everyone Knows But Doesn't Understand [View article]
    "Buybacks are not infinitely repeatable if earnings don't grow or debt is not available. " Buybacks need not BE infinitely repeatable; and who but you (defensively, I might add) mentioned "infinite"? By the way, that is rhetorical cheating, interposing a straw man, a sure sign of concession; what will you do next, start ad hominems? This isn't partisan politics here you know, or rhetorical trial tactics.

    As long as rates are low, or the industry is a "low growth" industry, buybacks is an efficient strategy of achieving marginal profit, for both boosting earnings per share and providing low-cost money to fund dividends, i.e., what someone else said, transferring capital to shareholders more efficiently than can be done running the business. If you can improve your margins by borrowing instead of producing operating profits, then doing so is consistent with fiduciary duty. Look at some of the REITS and MLPs, they have horrible (at first glance) equity ratios, until you adjust for the type of business they are in. And rates aren't going significantly up with the national debt as high as it is and 30+ percent of every new dollar spent going for debt service; if rates went up, the debt, already closing in on $19T, will skyrocket. No way until after the election at least. At least.
    Apr 26, 2015. 02:08 AM | Likes Like |Link to Comment
  • Holy Smoke - My Favorite Idea That Everyone Knows But Doesn't Understand [View article]
    Cannabis makes a lot of sense.
    Apr 26, 2015. 01:46 AM | Likes Like |Link to Comment
  • Holy Smoke - My Favorite Idea That Everyone Knows But Doesn't Understand [View article]
    Have to say that even responding to that questioner's broad hypothetical was a lapse in judgment, giving in to what amounts to a profitless distraction. What if a volcano on the moon erupted? What if what if what if. If this is really about an anti-smoking agenda, it erodes credibility somewhat by sounding more and more like a well crafted story that wraps around one like a warm blanket; but it is a masterful analysis nonetheless.

    Dividends#1 sort of popped that hypnotic warm blanket somewhat for me. But I like the idea of trying to clawback on states who have failed to spend their settlement proceeds in accordance with the settlement; addicted as they are to settlement revenues and tobacco taxes, same as they are on gambling, they are actually now the tobacco industry's silent partners...which is another way to look at the whole business, the states and the law firms muscled in on the golden goose, a piece of the action...maybe that had a little to do with why state congressional delegations balked at authorizing more for the Feds at their home districts' expense. So are the states really that gung-ho to kill it, or maybe just bleed it for a few decades? After all, he's right, MO's managers are far more talented than state governments are, and now here they are working for those very plaintiffs.

    Very much enjoyed reading your analysis.
    Apr 26, 2015. 01:13 AM | Likes Like |Link to Comment
  • MannKind Corporation: A Good Risk/Reward Play For The Long Haul [View article]
    Astavrinos: Replies and followup comments don't gather easily unless you address in your comment the person to whom you respond...just as I have done here.
    Apr 25, 2015. 04:23 PM | Likes Like |Link to Comment
  • MannKind Corporation: A Good Risk/Reward Play For The Long Haul [View article]
    I suspect a number of aggrieved shareholders getting together and filing a lawsuit claiming breach of fiduciary duty might get a ball started, then an Ichahn would hear of it, sniff it out and add himself in.
    Apr 25, 2015. 04:05 PM | 1 Like Like |Link to Comment
  • MannKind Corporation: A Good Risk/Reward Play For The Long Haul [View article]
    "insults are common...if that means missing out..."

    So is sarcasm and making excessively narrow artificially-premised hypotheticals that can serve no real purpose, I see.

    Your potential return is proportionate to the risk you choose, same as anyone else's. Something nobody else knows, is that the idea?

    Thanks for the effort, of course it was well intentioned, right?
    Apr 24, 2015. 10:16 PM | 11 Likes Like |Link to Comment
  • Marketocracy Top 20 Manager, Nate Pile, Invested In MannKind And Afrezza [View article]
    MK: hope you do make that contact and report back!
    Apr 24, 2015. 07:13 PM | 1 Like Like |Link to Comment
  • The Real News About Afrezza From The JPMorgan Conference [View article]
    What would be the reason, Alonrev?
    Apr 24, 2015. 11:20 AM | Likes Like |Link to Comment
  • The Unwinding Of Convertible Notes Has Positive Implications For MannKind [View article]
    She's a reliable source of patient early user review and response information, yes. BC, your criticism are interesting, but their rant and personal abuse taunts amount to a bias, so I take you with a "shovel" of salt. Assuming you want to be discounted to some degree or you wouldn't throw in the fifth-grader playground nonsense.
    Apr 23, 2015. 05:10 PM | 2 Likes Like |Link to Comment
  • Gas prices a factor in electric vehicle trade-ins [View news story]
    Never thought anybody owning an electric would ever want to trade it in or sell it. So why would they?
    Apr 23, 2015. 12:55 PM | Likes Like |Link to Comment
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