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Simont

Simont
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  • ModernGraham Quarterly Valuation Of General Electric [View article]
    I like what Immelt has been doing and invested in GE because of Immelt. I am sure I am not alone. I would trade a dozen Welches for one Immelt.
    Dec 18, 2014. 06:26 AM | Likes Like |Link to Comment
  • Janet Yellen Is Wrong About The Cause Of Wealth Inequality [View article]
    Very few people can "make a living" from short term speculation, which is what you are talking about. It may work for a while but long term you cannot compete with the big guys' market manipulation. BTW, I would have no problem excluding small traders from the high taxes on short term speculative profits. Say, if you make less than $100,000 short term trading profit a year they would not apply. Would you agree then?
    Dec 15, 2014. 06:19 AM | Likes Like |Link to Comment
  • Romarco Minerals: An Excellent Opportunity Is Coming [View article]
    Romarco is looking for being acquired, which is something you forgot to take into account. From what I saw they have a couple of interested parties looking at them, as we speak. Given their low all-in cost there is a good business case for a major miner with much higher cost to acquire them.
    Nov 19, 2014. 02:21 AM | 1 Like Like |Link to Comment
  • Intel: Memory, The Solution To The Mobile Problem [View article]
    Thanks Russ, I learned some new things today.
    Nov 13, 2014. 01:02 AM | Likes Like |Link to Comment
  • Intel: Semiconductors And The Blame Game [View article]
    They are taking FIVR off the next gen CPU chip because its efficiency was less than 90% at typical load and because it caused them more yield loss than anticipated (and probably some testing headaches).
    Nov 4, 2014. 02:58 AM | 1 Like Like |Link to Comment
  • Janet Yellen Is Wrong About The Cause Of Wealth Inequality [View article]
    Interestingly in European countries, say in Germany, there are more regulations, more taxes, less tax loop holes, more affordable universal health care, free college education, etc., etc., and yet, their middle class has been doing MUCH better than ours and the wealth inequality is MUCH smaller. Of course you might believe that we are "exceptional" and so we do not need to look at (God forbid learn from) other countries. In my opinion a LOT of the problem in the markets (bubbles, crashes, extreme volatility, etc.) come from not too much but too little regulation and the non-enforcement of the few regulations that remain. The crash of 2008/2009 for example would have been much less severe (if it happened at all) if Glass-Steagall had not be repealed. Another thing to ponder, high frequency trading is not present in European markets, yet their liquidity did not suffer. We should strongly discourage that kind of market manipulation and that kind of scalping of the average investors because it contributes to the ever increasing inequality and does nothing useful for our society.
    Oct 19, 2014. 04:30 PM | 4 Likes Like |Link to Comment
  • Janet Yellen Is Wrong About The Cause Of Wealth Inequality [View article]
    Yellen is not in the position to do much about this. It is the job of congress and the supreme court and they have not done a thing for decades now to stop or at least slow this trend.
    Oct 19, 2014. 04:16 PM | Likes Like |Link to Comment
  • Janet Yellen Is Wrong About The Cause Of Wealth Inequality [View article]
    I would agree in principle. The only caveat (and major fly in the ointment) is that Jefferson could not have imagined the present state of politics in our country. If the choice is to have our money issued by the FED or congress (or some body controlled by congress) then I would go for the FED without a doubt. You can bash the FED, as many people do, but it saved our economy and our civil society in 2009 while congress would not have been able to do it because of the extreme partisanship, especially from the right wing of the GOP, in that body. "People" cannot issue our money, Jefferson probably meant the people's representatives (or some body controlled by it). Doing it that way in the present situation, when most of our so called representatives are owned and controlled by the plutocracy, would be a disaster. Hence, first we have to remove money (meaning big money) from our elections and politics and then we may ponder about dismantling the FED and replacing it with some other "people controlled" body.
    Oct 19, 2014. 04:13 PM | 3 Likes Like |Link to Comment
  • Janet Yellen Is Wrong About The Cause Of Wealth Inequality [View article]
    Very interesting idea and analysis. It misses one thing: the cause of those bubbles and crashes. In my opinion most of those are intentionally created by the top 1% (maybe 0.1%) for the express goal to make profit. Remember that Goldman reported good profits this quarter citing the increased volatility in the stock market as one reason. Guess who created that increased volatility? Certainly not the investing middle class. It was (and still is) created by Goldman and their friends, the mega speculators. If I am right what is the solution? I believe the solution is to tax short term speculative profits at extreme high tax rates, high enough to remove the profit incentive for the Goldmans, JPMs, high frequency traders and other short term mega-speculators. Why can't for example day trading profits be taxed at 90% or even higher? Or, profit made on in and out within a week at 85% (removing the ability to deduct short term losses against short term profits)? A revamped tax system should strongly incentivize long term investing against short term speculation/trading. Most of the investing middle class are long term investors (if for no other reason they do not have time to deal with their investments daily because they have to make a living in their day jobs, raise their kids, etc.).
    Oct 19, 2014. 04:03 PM | 2 Likes Like |Link to Comment
  • Microchip Technology: CEO Flubs A Warning Announcement [View article]
    Wow! Thanks for pointing to this letter. In it Sanghi wrote to Microchip's customers on July 31:

    "The business environment is good, and we see strength in many of our end markets including industrial, automotive, housing, consumer electronics and personal computing. We are also seeing exceptional strength in some of our new products and technologies, which are growing at double digit percentages sequentially. As a result, many of our product delivery lead times have stretched out and we are selectively capacity constrained in our wafer fab, wafer sort, assembly, and test operations, !Particularly on these new products and technologies. Many of our product lead times are currently between 6 weeks and 18 weeks. We are ramping all of our factories as quickly as we can, yet are limited by our suppliers' lead times. We have increased our capital expenditures for current fiscal year from $125 million to $175 million, the highest in over a decade."

    Clearly Sanghi lied, either in this letter to his customers at the end of July, or now with his warning. Both cannot be true, unless we are in the midst of an extremely sharp downturn like the one we experienced in late 2000/early 2001. If that was the case we would be hearing similar warnings from dozens of semi companies (as we did at the time).
    Oct 12, 2014. 02:21 AM | 6 Likes Like |Link to Comment
  • Microchip Technology: CEO Flubs A Warning Announcement [View article]
    I know of no US semi company that recognizes sales when they ship product to their distys. The disty stuffing habit/tactic ceased to exist more than a decade ago in the US. NXP being a non-US company may be different. Russ is absolutely correct, Sanghi's disty sales argument is total unadulterated BS.
    Oct 12, 2014. 01:36 AM | 5 Likes Like |Link to Comment
  • Microchip Technology: CEO Flubs A Warning Announcement [View article]
    Sanghi is well known in the industry for his arrogance. It seems to me that Mchip screwed up this quarter and Sanghi tried to explain it away by pointing to a nonexistent industry down turn. As for his argument about how one accounts for disty sales: if he really is this ignorant about sales/accounting fundamentals he should be fired by the board.
    Oct 12, 2014. 01:30 AM | 3 Likes Like |Link to Comment
  • Microchip Technology: CEO Flubs A Warning Announcement [View article]
    Who in his/her right mind listens to Cramer???
    Oct 12, 2014. 01:21 AM | 1 Like Like |Link to Comment
  • Axion Power halves size of secondary offering to $6M [View news story]
    So, Mr. Petersen, what is your take on this? You have been rather quiet on Axion lately.
    Oct 6, 2014. 04:08 PM | Likes Like |Link to Comment
  • Annaly Capital: When The CEO Buys $1 Millon In Shares, I Listen [View article]
    Thornburg, same as ACAS, and many others, were caught in the 2008 financial melt down. Otherwise Thornburg was a very solid company with good management. ACAS came back, although it is FAR from its $40 peak, while Thronburg was taken over by its over-greedy creditors and was dismantled. Unless you see a 2008-like financial market freeze on the horizon Thornbug's fate has nothing to do with NLY today. I personally prefer ACAS to NLY today (unless the goal is dividend, of course).
    Aug 17, 2014. 02:43 AM | Likes Like |Link to Comment
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319 Comments
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