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The Hammer

The Hammer
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Latest  |  Highest rated
  • Micron Technology: Convertible Disaster [View article]
    EP, JW and RF as well as TH beat greenlight to MU by a good bit.
    Apr 22 05:17 PM | 1 Like Like |Link to Comment
  • Micron Technology: Convertible Disaster [View article]
    who jumped off the MU gravy train?
    until the analyst/skeptics turn wildly bullish i ride all in on this one.
    Apr 22 11:46 AM | 1 Like Like |Link to Comment
  • Johnson & Johnson A Clear Pick In A Turbulent Market [View article]
    the time to buy jnj was when the recalls and mfg missteps. hitting all time highs and everyone loves it. it seems pretty fully valued here.
    Apr 21 08:53 PM | 1 Like Like |Link to Comment
  • Faber: Valeant to make $45B+ hostile bid for Allergan [View news story]
    Nothing surprises anymore as the financial system is so freaken broken now.
    Apr 21 08:00 PM | 1 Like Like |Link to Comment
  • Why Stocks Won't Crash (For Now) [View article]
    AC great work addressing various valuation and margin issues.
    <<The recent lift-off in margins is partly due to an accounting quirk. U.S. corporations have been earning more from overseas (40% of total). Foreign sales are included in the corporate earnings/GDP ratio but costs are excluded. This effectively means overseas operations are treated as earning 100% margins.>>
    what accounting quirk by whom?

    Also margins peaking in 1967 the year France and other countries began requesting gold for dollars and inflation began to become a problem leading to high inflation in late 1970's - early 1980's.
    Wondering how much these artificially low rates are adding to margins?
    Apr 14 07:37 AM | Likes Like |Link to Comment
  • NJ credit rating cut by S&P [View news story]
    great example of special interests voting in their stooges every election to get all the goodies. The party is coming to an end when dollar confidence takes a nosedive.
    Apr 10 09:24 AM | Likes Like |Link to Comment
  • Jim Rickards: The Death Of Money Is Coming [View instapost]
    jb great interview
    Apr 9 10:28 PM | Likes Like |Link to Comment
  • Bullard sees first rate hike in less than a year [View news story]
    This pampered bureaucrat needs to work a few months as a ups/fedex delivery guy and as a fast food service person at a drive thru window. This grand attitude would change pretty quickly.
    Apr 2 06:52 PM | 1 Like Like |Link to Comment
  • COMEX Registered Gold Increase Points To GLD ETF Inflows [View instapost]
    why are investors buying gld since it has only been a piggy bank for the banksters to pillage?
    why not phys, cef or gtu?????hello!
    Apr 1 06:42 PM | Likes Like |Link to Comment
  • Un-Redeeming Greenspan: Why The Fed Was To Blame For The Housing Bubble [View article]
    yeah sure greenspin wants everyone to believe he was shocked. Concerned citizens sent real world ground zero lending and housing observations to this fraud fed to "inform" them back in 2003-2004 as barney and maxine praised franklin for doing an excellent job. The more info sent the nastier the message became since no action was ever taken... allowing the shadow banking fraud (new century, countrywide, washing mutual.....) in combo with the Big pigster banks to package and sell sure to fail loans.
    Anyone wonder why hft is being attacked now for what it is? b/c the tbtf banks are not profiting from it but losing to the more sophisticated firms. It is called crony capitalism and the well connected corp/lobbyists/0.01%'s benefit the most.
    Apr 1 02:33 PM | Likes Like |Link to Comment
  • Weight Watchers: Excellent Business At A Fire Sale Price [View article]
    stock based compensation is overrated and has been handed out much to easily without accountability and clawbacks. Stock options have not proven to be a shareholder builder but a destroyer imo.
    what skin in the game? give me a break. Stock options are a lottery ticket. why not offer 10%-15% discounts to buy company stock which would need to be held at least 3 years. then mgt would have to put up real money and have real skin in the game.
    Mar 31 07:37 AM | 1 Like Like |Link to Comment
  • Weight Watchers: Excellent Business At A Fire Sale Price [View article]
    i looked at a number of highly leveraged securities in late 2008 early 2009 but pulled the trigger on only a few, but when the hands of our govt and Fed are tied the situation may be different. Lots of near death highly levered cos were kept afloat by the 0 % artificial rates and govt backstop of the financial system. If the economy was allowed to self correct there would be less capacity and much less debt due to default. when junks bond yields approached record lows and pik financing came back it made it easier for these basketcases to survive. i do not think wtw is a basketcase, but this levered buyback was "despicable" and showed how greedy and incompetent many of these corp boards are today.
    Is wtw having a difficult time attracting the younger generations?
    Mar 30 09:41 AM | 1 Like Like |Link to Comment
  • Weight Watchers: Excellent Business At A Fire Sale Price [View article]
    codger great insights and observations. keep the uninformed informed if u sense a turnaround. would appreciate ur comments on competitive threats. a little different but seems similar to avp circumstance.
    Mar 30 08:38 AM | 1 Like Like |Link to Comment
  • The Only 20 Companies That Matter [View article]
    <I'd be borrowing all day long.> It does make sense borrowing at record artificially low rates in a conservative manner. The problem arises for those cos that went on a debt binge when rates start rising, and they will go up. All the benefits like stock options and buybacks (reduced dilution), lower interest expense and dividend increases will reverse as the debt matures. do see berkshire has been quite restrained using boatloads of debt.
    Did notice a number of these cos on the list are asset light but brain power heavy....meaning the new cap ex is stock options and the trough is full. Lots of tax benefits for stock comp and the pigs are surely taking advantage.
    Mar 30 08:23 AM | 1 Like Like |Link to Comment
  • The Only 20 Companies That Matter [View article]
    Corp debt
    Q4 2008 7.57 tril
    Q4 2011 7.99 tril
    q4 2012 8.67 tril 8.5%
    q4 2013 9.44 tril 8.9%

    Corp debt starting to accelerate.
    corp debt growth 1998 10.4% 1999 9.5% --- 2006 9.2% 2007 13.5%
    Mar 27 08:05 PM | 4 Likes Like |Link to Comment
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