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The_Hammer

The_Hammer
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  • It's Time To Buy Medtronic [View article]
    This is no different than many of the consumer brand stocks like ko axp msft wmt pep pg jnj having 30-40 p/e's and now trading down since they were way overvalued plus larger cos cannot grow at the same pace.
    No diffeent than the stock market at something like 30-35 times earnings 1999 and today 15.
    It is easy to gather the quantitative numbers on cos but the qualitative aspect is much harder to piece together
    Mar 14, 2012. 12:31 PM | Likes Like |Link to Comment
  • Roger Lowenstein pens an epic love letter to Ben Bernanke in The Atlantic. "The left hates him. The right hates him even more. But Ben Bernanke saved the economy - and has navigated masterfully through the most trying of times." Whatever one's opinion of the man thankfully not yet being called "The Maestro," stuff like this tends to come a lot closer to market tops than bottoms.  [View news story]
    <<Household debt service plus government debt service to GDP is at
    a 30 year low>>

    As long as interest rates stay at historic record lows. Sounds like a TOP in interest rates to me or should i say bond prices
    Bro buy buy buy 10 and 30 year treasuries.

    Will have a few more treasuries to sell to "the Bernank" the budget deficit projection was increased recently.
    Mar 14, 2012. 12:08 PM | 2 Likes Like |Link to Comment
  • Roger Lowenstein pens an epic love letter to Ben Bernanke in The Atlantic. "The left hates him. The right hates him even more. But Ben Bernanke saved the economy - and has navigated masterfully through the most trying of times." Whatever one's opinion of the man thankfully not yet being called "The Maestro," stuff like this tends to come a lot closer to market tops than bottoms.  [View news story]
    This mad serial printing lunatic's policies contributed to this massive mess.
    Throw the bum out.
    Mar 14, 2012. 11:28 AM | 4 Likes Like |Link to Comment
  • The Darkest Star In The Commodities Boom [View article]
    titan thanks for the heads up on the article. Probably time to get into nat gas when you start seeing bankruptcies and ng breaks under $2.

    The cng filling stations should have a nationwide foot print by end of 2013. Many long haul truckers UPS FedEx will be swithching over imo.
    Mar 14, 2012. 10:36 AM | 2 Likes Like |Link to Comment
  • Precious metals continue a decline that picked up steam when the positive results of the Fed stress tests began to leak out. It's hard to imagine QE3 coming about if the Fed believes a depression could hit and banks would still be solid enough to return capital to investors. Gold -2.1% to $1,659. Silver -1.1% to $33.19.  [View news story]
    Grandma is being starved and has to subsidize these POS banksters
    Mar 14, 2012. 09:27 AM | 2 Likes Like |Link to Comment
  • 3 Major Threats That Could Send The Cable Industry Off A Cliff [View article]
    is there a risk to the satellite operators too? dtv dish

    It seems like business models that were considered moat-like are at risk due to technological change and at a rapid pace too.
    Mar 14, 2012. 09:21 AM | Likes Like |Link to Comment
  • Western Union: Trusted Brand, Impressive Free Cash Flow, Attractive Valuation [View article]
    Agreed on quantitative side this stock looks great but something does not smell right.
    could this be a concern.
    http://bit.ly/xx80Ni
    Mar 13, 2012. 10:24 PM | Likes Like |Link to Comment
  • Accenture: Strong Free Cash Flow, High Returns On Equity [View article]
    Solid company but makes sense to wait for a strong pullback since it is up double digits already this year.
    Mar 13, 2012. 08:50 AM | Likes Like |Link to Comment
  • TravelCenters of America: A Small-Cap Opportunity Related To Trucking [View article]
    what about the build out of cng fueling stations. No doubt long haul trucking will be moving to cng over time. Agreed with HighOak regarding mgt that they are conflicted across their portfolios and reit holders come next behind them.
    Mar 13, 2012. 08:48 AM | Likes Like |Link to Comment
  • Misleading Payout Ratios In International Telecommunications Stocks [View article]
    AC excellent article. This is how I looked at tef sometime ago and was bothered by the huge debt levels and the lack of urgency to reduce it. If tef showed some sort of inclination to reduce debt i would get more excited about this stock. Paying out a div is nice but doing it responsibly is most important. A number of value investors have been clobbered on this one.
    Own vod and did same anaylsis. It is tough to figure cap ex maint vs cap ex growth in telecom. IMO both cap ex's should be ncluded cuz of the constant need to update technology capabilities. In the case of vod the fcf is still quite attractive.

    what is the tax withholding for tef?
    I know vod does not withhold anything which is nice except a small adr fee.
    Will be revisiting tef again in hopes to see some debt reductions.
    Mar 12, 2012. 06:40 PM | Likes Like |Link to Comment
  • The Employment Recovery Is Real [View article]
    AP you are the one that is sloppy since you think that intragovernemntal debt (About $4.6 tril) does not matter. So lets default on these treasuries held by social security? Then what social security goes deeper into the red and bigger cuts are necessary. One way or another we are going to pay NO free lunches.
    Mar 12, 2012. 12:14 PM | 1 Like Like |Link to Comment
  • Buy Silver And Gold: Dr. Bernanke Just Announced 'Sterilized' Money Printing [View article]
    OP the price of a Chevy Malibu 1980 $5,500 Today $25K.

    No inflation?

    Parents house approx value 1980 $80k
    Today probably $425-450K
    Property taxes 1980 2,700 Today $11K

    Gold and silver have played catchup for the 30 year dormancy.

    Another thing that these putzes cannot explain away is why is Germany and Switzerland so concerned about their gold stashes held overseas???

    Second biggest money printer of all.

    Alan Greenspan Aug 2011
    “Gold, unlike all other commodities, is a currency,” he told attendees at a conference in Washington D.C. on August 23, saying he did not think the precious metal was in a bubble despite recently reaching a new record above $1900. And a flight to safety amid inflation fears is what’s causing soaring gold prices.

    “The major thrust in the demand for gold is not for jewelry,” Greenspan explained. “It’s not for anything other than an escape from what is perceived to be a fiat money system, paper money, that seems to be deteriorating.”
    Mar 12, 2012. 11:51 AM | 2 Likes Like |Link to Comment
  • Telefonica: Rare Opportunity To Purchase A Global Telecom Player At A Discount [View article]
    no mention of the massive debts.
    <<operating income before depreciation and amortization (OIBDA) margins fell 10.3 percentage points to just 32.2%.>>

    Recipe for disaster massive debts and falling cashflows
    Mar 12, 2012. 06:44 AM | 3 Likes Like |Link to Comment
  • Buy Silver And Gold: Dr. Bernanke Just Announced 'Sterilized' Money Printing [View article]
    Gold and Economic Freedom

    by Alan Greenspan


    In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold. If everyone decided, for example, to convert all his bank deposits to silver or copper or any other good, and thereafter declined to accept checks as payment for goods, bank deposits would lose their purchasing power and government-created bank credit would be worthless as a claim on goods. The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.

    This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard.


    ----------------------...
    And Greenspan's ego got the best of him.
    Mar 11, 2012. 12:53 PM | 2 Likes Like |Link to Comment
  • Buy Silver And Gold: Dr. Bernanke Just Announced 'Sterilized' Money Printing [View article]
    Gold and Economic Freedom

    by Alan Greenspan

    When business in the United States underwent a mild contraction in 1927, the Federal Reserve created more paper reserves in the hope of forestalling any possible bank reserve shortage. More disastrous, however, was the Federal Reserve's attempt to assist Great Britain who had been losing gold to us because the Bank of England refused to allow interest rates to rise when market forces dictated (it was politically unpalatable). The reasoning of the authorities involved was as follows: if the Federal Reserve pumped excessive paper reserves into American banks, interest rates in the United States would fall to a level comparable with those in Great Britain; this would act to stop Britain's gold loss and avoid the political embarrassment of having to raise interest rates. The "Fed" succeeded; it stopped the gold loss, but it nearly destroyed the economies of the world, in the process. The excess credit which the Fed pumped into the economy spilled over into the stock market, triggering a fantastic speculative boom. Belatedly, Federal Reserve officials attempted to sop up the excess reserves and finally succeeded in braking the boom. But it was too late: by 1929 the speculative imbalances had become so overwhelming that the attempt precipitated a sharp retrenching and a consequent demoralizing of business confidence. As a result, the American economy collapsed. Great Britain fared even worse, and rather than absorb the full consequences of her previous folly, she abandoned the gold standard completely in 1931, tearing asunder what remained of the fabric of confidence and inducing a world-wide series of bank failures. The world economies plunged into the Great Depression of the 1930's.
    With a logic reminiscent of a generation earlier, statists argued that the gold standard was largely to blame for the credit debacle which led to the Great Depression. If the gold standard had not existed, they argued, Britain's abandonment of gold payments in 1931 would not have caused the failure of banks all over the world. (The irony was that since 1913, we had been, not on a gold standard, but on what may be termed "a mixed gold standard"; yet it is gold that took the blame.) But the opposition to the gold standard in any form — from a growing number of welfare-state advocates — was prompted by a much subtler insight: the realization that the gold standard is incompatible with chronic deficit spending (the hallmark of the welfare state). Stripped of its academic jargon, the welfare state is nothing more than a mechanism by which governments confiscate the wealth of the productive members of a society to support a wide variety of welfare schemes. A substantial part of the confiscation is effected by taxation. But the welfare statists were quick to recognize that if they wished to retain political power, the amount of taxation had to be limited and they had to resort to programs of massive deficit spending, i.e., they had to borrow money, by issuing government bonds, to finance welfare expenditures on a large scale.
    Mar 11, 2012. 12:48 PM | 1 Like Like |Link to Comment
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