lucky lenny

Research In Motion Not Likely to Spend $1.2B on Share Repurchase Program

James, i believe RIMM's sales are growing; albeit not as fast as apple's. From a personal level, I don’t know of too many people whose companies have switched from Blackberry to the iphone, android, or any thing else. In most companies I know, IT & everyone insist that security is #1 priority. BB does it all & is the most secure; so we're not switching. So I have to believe your premise of dropping sales is just wishful thinking; however, if u know BB's sales are really dropping, kindly post your source.

Maybe the Droid Launch Wasn't So Bad After All

Jason, there's tons of cell phone users coming up on their 2-year mark; making the switch to smartphones. So I would assume Android, Blackberry, Palm, Iphone, etc... will all get their share. Until we see high #'s of Iphone or BB users giving up their smartphones for Androids, then I think the Android is just another "me-too" copycat, IMHO.

Research In Motion Not Likely to Spend $1.2B on Share Repurchase Program

Duru, I’ve learned to ignore the stock price; which could be based on many factors. RIMM can easily pull off the buyback; and then some. RIMM is making about $550 mill/qtr; or about $2.2 bill/year + RIMM is sitting on about $2.4 bill in cash & invesmtnts. Provided RIMM’s profits continue at this rate, the stock buyback is only about 6 months of income and can very easily take place.

Research In Motion: Still the Best Positioned Smartphones Play

Sorry for posting an older comparison - my bad - there were quite a few hits. I was actually looking for whole companies making the switch & didn't find any. If that happens, then I think BB's demise may happen. However, between the $1.2 bill stock buyback; positive sales projections on last earnings call; huge installed customer base; Storm 2; and superior security features, I think the more probable scenario is that RIMM grows; just at a much slower pace than the Iphone.

Research In Motion: Still the Best Positioned Smartphones Play

Here's a review from a BB user who tried going w/ the iphone. I think this shows why BB's extensive user base is not going anywhere anytime soon:

iso-100.com/blog/post/.../

Research In Motion: Still the Best Positioned Smartphones Play

Andrew, I agree. From a personal level, I don’t know of too many people whose companies have switched from Blackberry to the iphone, android, or any thing else.

I know in my company, security is #1 priority. BB does it all & is the most secure; so we're not switching. However, if anyone knows of a company that is switching off the Blackberry, please indicate how many users & the reason why. Thanks.

Are Deficits Irrelevant if We're Unaware?

All this deficit spending may be risky for the U.S. economy, however, the trillions of debt the Democrats are racking up will make Barack Hussein Obama tremendously popular at re-election time. The Democrats are buying people cars, health care, buying car companies and winning lots of friedns with the unions and company mgnt, handing out trllions of dollars in deficit spending, nice raises in pay for the soldiers in the military, tons of money for local school boards to win over the teachers, etc.. etc... Now think about someone such as Gov. Palin. Gov Palin wants to balance the federal budget. In the process, it will be like taking away a child’s allowance. Hence, I predict Barack Hussein Obama will easily win re-election before allowing the US$ to go the way of the Aregentinian Peso.

Are Deficits Irrelevant if We're Unaware?

Denis,

• Under Clinton, national debt went up big time. As proof, go to treasurydirect.gov - you’ll see that on 9/30/92, before Slick Willie took office, the national debt stood at $4.1 trillion. When Slick Willie left office in 2000, the national debt stood at $5.7 trillion. Every year Slick Willie was in office, the national debt went higher. When the Republicans wanted to cut spending, Clinton caused a gov’t shutdown. Now his left leaning supporters in the media are repeating the lie that Clinton reduced the national debt. As you can see from the web site, its just not true. Here’s all the years of the national debt: www.treasurydirect.gov... - this is from the treasury itself.


On Nov 01 09:03 PM Denis Gould wrote:

> Is anybody really trying to promote the argument that running a huge
> budget deficit doesn't matter because people didn't realise the fiscal
> improvements made under Clinton?

E*TRADE Financial Corporation Q3 2009 Earnings Call Transcript

Here’s what looks good:

o Year-to-date we have in fact recorded our highest DART level for the first nine months of any year at 204,000.

o margin receivables at quarter end rose by 10% to $3.4 billion

o brokerage is still growing - record 2.7 mill a/c’s

o working on things like “first call resolution” and brokerage account attrition rate

o Loss provisions are moderating - $347 mill in 3Q09

o tax-deferred net operating losses amounted to $1.6 which they expect to be used when they become profitable

o from all indications, E-trade is getting back to its roots. Making $$’s on interest rate spreads & commissions.

o Projecting profitability & using up their tax-deffered losses

E*TRADE Financial Corporation Q3 2009 Earnings Call Transcript

Ricard, c'mon, they're all like this. How can u complain. This is a freee service & something we never had before.


On Oct 28 03:01 AM Ricard wrote:

> Thanks for the quick response.
>
> And thanks again for providing these...very handy. :)
>
> On Oct 28 02:42 AM Rachel Tova Rott wrote:

Is This Rally Toast?

Dow under 10k & has no where to go but up. Investors don’t really want low-yielding T-bills. They would rather have companies, such as Verzon, which pay reliable 6% dividend. On a macro level, both the Democrat Congress & Bernanke are flooding the market with currency; some of which logically will flow to stocks. The Fed Reserve is buying upT-bills as fast as Barack Hussein Obama can run up $1.5 trillion annual deficits; on top of our $11 trillion debt load. Now, Obama is helping people buy cars, health care, using the gov’t to buy car companies and winning lots of friedns with the unions and company mgnt, handing out trllions of dollars in deficit spending, nice raises in pay for the soldiers in the military, tons of money for local school boards to win over the teachers, etc.. etc... In summary, as long as foreigners continue to honor the US$; and the Fed’l Reserve keeps buying up the T-bills, i can see interest rates staying low, employment going up, & yes - the stock market going to much higher levels.

E*Trade: Very Undervalued

Jeremy, here's my analysis on E-trade, which i believe could go to $5-10 over the next 12-24 months:

• Loss provisions are moderating on a quarte-over-qtr basis. Per the 9/15/09 press release, E-trade is projecting a provision for loan loss of between $300-$375 mill; vs. $404.5 mill in 2Q09 - so the provision is moderating

• stock market is back on the upswing; w/ the DOW now over 10k

• despite advertising expense being cut in half, new a/c openings are strong; with a record 2.7 mill brokerage a/c’s as of 8/31/09

• Per the 2Q09 income statement, interest income, commissions, fees, and other revs are tremendous; running around $350 mill/qtr

• E-trade is getting its groove back on. Advertising costs coming down, in 2Q09, only $25.0 mill vs. the usual $44 mill or so. Tells me they’re over the whole meltdown debacle issue.

• Per 2Q09 Balance Sheet, E-trade looks to have enough capitial to weather a few more qtrs & even years of losses; with $6.7 bill in cash & investments; and net equity of $3.0 bill. Not that they’ll have these large losses; just that if they did, they’re still coming back w/out going Chapter 11.

• And finally, the #1 reason, is E-trades 2.7 mill brokerage a/c’s which could lead to a takeover. Even w/ the 662 mill shs o/s (diluted), I think E-trade’s trading platform, name recognition, tax loss carry-forwards, and customer bases would result in an offer of around $5-10/share. Especially if E-trade could become breakeven or profitiable before the buyout.

E*Trade: A Solid, Deep Value Stock

Ricard, here's my analysis on E-trade, which i believe could go to $5-10 over the next 12-24 months:

E-trad is at $1.75. Here’s what I like about the stock and why I’m holding:

• Loss provisions are moderating on a quarte-over-qtr basis. Per the 9/15/09 press release, E-trade is projecting a provision for loan loss of between $300-$375 mill; vs. $404.5 mill in 2Q09 - so the provision is moderating

• stock market is back on the upswing; w/ the DOW now over 10k

• despite advertising expense being cut in half, new a/c openings are strong; with a record 2.7 mill brokerage a/c’s as of 8/31/09

• Per the 2Q09 income statement, interest income, commissions, fees, and other revs are tremendous; running around $350 mill/qtr

• E-trade is getting its groove back on. Advertising costs coming down, in 2Q09, only $25.0 mill vs. the usual $44 mill or so. Tells me they’re over the whole meltdown debacle issue.

• Per 2Q09 Balance Sheet, E-trade looks to have enough capitial to weather a few more qtrs & even years of losses; with $6.7 bill in cash & investments; and net equity of $3.0 bill. Not that they’ll have these large losses; just that if they did, they’re still coming back w/out going Chapter 11.

• And finally, the #1 reason, is E-trades 2.7 mill brokerage a/c’s which could lead to a takeover. Even w/ the 662 mill shs o/s (diluted), I think E-trade’s trading platform, name recognition, tax loss carry-forwards, and customer bases would result in an offer of around $5-10/share. Especially if E-trade could become breakeven or profitiable before the buyout.

E*Trade Shows Bullish Signals

Jeremy, not sure about beating the qtr's .08 loss estimate. However, E-trade is at $1.75. Here’s what I like about the stock and why I’m holding:

• Loss provisions are moderating on a quarte-over-qtr basis. Per the 9/15/09 press release, E-trade is projecting a provision for loan loss of between $300-$375 mill; vs. $404.5 mill in 2Q09 - so the provision is moderating

• stock market is back on the upswing; w/ the DOW now over 10k

• despite advertising expense being cut in half, new a/c openings are strong; with a record 2.7 mill brokerage a/c’s as of 8/31/09

• Per the 2Q09 income statement, interest income, commissions, fees, and other revs are tremendous; running around $350 mill/qtr

• E-trade is getting its groove back on. Advertising costs coming down, in 2Q09, only $25.0 mill vs. the usual $44 mill or so. Tells me they’re over the whole meltdown debacle issue.

• Per 2Q09 Balance Sheet, E-trade looks to have enough capitial to weather a few more qtrs & even years of losses; with $6.7 bill in cash & investments; and net equity of $3.0 bill. Not that they’ll have these large losses; just that if they did, they’re still coming back w/out going Chapter 11.

• And finally, the #1 reason, is E-trades 2.7 mill brokerage a/c’s which could lead to a takeover. Even w/ the 662 mill shs o/s (diluted), I think E-trade’s trading platform, name recognition, tax loss carry-forwards, and customer bases would result in an offer of around $5-10/share. Especially if E-trade could become breakeven or profitiable before the buyout.

Citadel's E*Trade Stake: The Selling Continues

And your point is....