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jarco

jarco
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  • Bank Of America: The Inflection Point Has Arrived [View article]
    This theme certainly has merit but investors cannot ignore the possibility of yet another shoe may drop. Seems too many of the law suits have "come out of the woodwork"; unpredictable.

    In general, I'm concerned all the troubles have been too much of a distraction for management. Coupled with this and the lack of adequate finances, BAC's day-to-day operational deficiencies have loomed. As a customer, this investor witnesses less than stellar branch operations. A prime example is the difficulties experienced by local branch personnel interfacing with the on-hand computer system. A keyboard in one hand and the telephone in the other wasn't a comforting site. With the largest retail footprint in the nation, not a comforting observation while awaiting a problem resolution.
    Apr 14, 2015. 08:40 AM | 2 Likes Like |Link to Comment
  • GE: The Problem May Not Lie With Management [View article]
    Your "headline" paragraph referring to Jack Welch is a bit puzzling. You state:
    <Jack Welch made over 1000 acquisitions during his stint as CEO which later came to contribute to the company's ballooning debt-to-equity ratio. He however deserved credit due to the fact that his timing was quite impeccable since the economy was booming at the time, thereby guaranteeing the acquisitions would generate sufficient cash flows to pay off the debt. Sadly, fast forwarding into Immelt's reign, the economy didn't maintain this momentum leaving him with multiple businesses strapped for cash.>

    What you missed is Jack sold a long list of consumer electronics operations for serious money to the likes of Black and Decker and Thompson (Fr.) On the latter, GE became the only US company legally domiciled in France. The french joint venture was majority owner by GE. A similar deal was made in Japan. In Jacks era, he was the best of the breed. Our friend Jeff simply does not measure up in today's environment. Yes, Jack promoted Jeff into the wheelhouse. Don't blame Jack for Jeff becoming a bad pilot
    Apr 12, 2015. 02:47 PM | Likes Like |Link to Comment
  • Plains All American Pipeline Could Be The Best Performing Large-Cap MLP Over The Next 2-3 Years [View article]
    Sorry, I must have missed it. Thanks for the correction.
    Apr 8, 2015. 08:07 AM | Likes Like |Link to Comment
  • The Misunderstanding Of El-Erian's Cash Position [View article]
    I'm now at 30% cash down from nearly 40% a year ago. Never thought in a million years I'd ever hold more than a few percentage points but it is what it is. As for El-Erian, aside from his bond bent, can't believe the world wide economic and terrorist turmoil isn't in his spotlight, as well. This is a challanging climate for life in general, let alone equity and debt investments
    Apr 8, 2015. 08:05 AM | 1 Like Like |Link to Comment
  • Plains All American Pipeline Could Be The Best Performing Large-Cap MLP Over The Next 2-3 Years [View article]
    Given the lag time to publication of this article, today's PAA announced distribution increase to $0.685 was not included. This 8.7% increase over 5/14 qtrly, is payable 5/15 to holders as of 5/1.
    Apr 7, 2015. 04:44 PM | 1 Like Like |Link to Comment
  • Abtech Holdings' (ABHD) CEO Glenn Rink on Q4 2014 Results - Earnings Call Transcript [View article]
    I agree they should have been more direct since this call was to discuss 2014 results. The following was taken from a company's report via a third party released to the media via WKRG.com, Mobile, Al:

    At December 31, 2014, the Company had cash and cash equivalents of $1,049,000, accounts receivable of $127,000 and inventory of $498,000. Total assets during 2014 decreased approximately $123,000 to $2.0 million as cash consumed for operations exceeded the cash received from financing activities.

    I've witnessed issues like this before. The CEO, in my opinion, lacks the drive and focus investors would prefer especially given the introductory nature of the product/technology involved. Why the answer you heard/read was not immediately resolved does not speak too well for this company. That said, I increased my position after the last call.
    Apr 2, 2015. 12:49 PM | Likes Like |Link to Comment
  • Abtech Holdings' (ABHD) CEO Glenn Rink on Q4 2014 Results - Earnings Call Transcript [View article]
    According to what is reported by the media (WKRG.com, Mobile, Al was my source), the following was reported:

    At December 31, 2014, the Company had cash and cash equivalents of $1,049,000, accounts receivable of $127,000 and inventory of $498,000. Total assets during 2014 decreased approximately $123,000 to $2.0 million as cash consumed for operations exceeded the cash received from financing activities.

    The fact no one participating in the call did not pick up on the statement you cite is indeed disturbing. It brings to light the lack of focus and leadership drive at the very top. I made this indication while commenting on the last call transcript . That said, I also increased my holdings given the compelling business opportunity at hand, in my opinion. Bringing this to fruition, however, continues to be problematic with current management. Perhaps like yourself, I continue to hold and wait.
    Apr 2, 2015. 12:02 PM | Likes Like |Link to Comment
  • Starbucks' Social Responsibility Strength May Surprise You [View article]
    This article does not speak very kindly of S/A and has no business being published. While any company serving the public needs to project and execute sound judgments on a number of sensitive issues, an investment blog does not.
    Mar 30, 2015. 04:53 PM | Likes Like |Link to Comment
  • The Future Of Seeking Alpha, From One Contributor's Perspective [View article]
    On a personal note, is your handle a connection with Ocala, Fl?
    Mar 28, 2015. 11:32 AM | Likes Like |Link to Comment
  • The Future Of Seeking Alpha, From One Contributor's Perspective [View article]
    <Reasonable people expect to have to pay for high quality investment analysis.> You're spot on in my view. But my initial interest in S/A was not looking for analysis rather commentary. As a portfolio manager, I look for trends, new products and services . . where are the new elements within the economy heading. The pulse of investing isn't necessarily restricted to the professional analyst domain but the buying public as well.

    Has S/A become too big and unwieldy? Are there too many authors posting unedited trivia? Is reading S/A becoming less of a daily pleasure. Sadly, in my opinion, the answer(s) are . . . . yes.
    Mar 26, 2015. 12:59 PM | 2 Likes Like |Link to Comment
  • MKM Partners chief technician offers MLP buy and sell selections [View news story]
    CNP is not an MLP. They may have a side partnership with one but difficult to understand why that would enlist a sell recommendation given the relatively minuscule involvement. The sum of comments here suggests the author is "out to lunch"
    Mar 25, 2015. 04:27 PM | 4 Likes Like |Link to Comment
  • Why Has Santander Struggled To Deliver Consistent Performance? [View article]
    If you're concerned about the loss of the non-taxable SAN scrips, another option is the sale of rights which is free of Spanish tax. The net difference verses a cash take (assuming no tax for calculation purposes) is nearly inconsequential. The income for U.S. purposes is treated as capital gain vs. dividend however

    On balance, while the historic dividend stream was very attractive for many investors, my take from the outset 2-3 years ago was a growth scenario on a world wide basis and that sentiment remains.

    As for the dividend reduction and additional stock sale, I find it was prudent as were the management changes. Goodness, look where Ana Botin came from! In the trenches for several years and the gene stock looks pretty good as well. Regards the stock price, given the dismal European economy and the ongoing Greece debacle, recent recovery should be encouraging to long term holders.
    Mar 25, 2015. 08:48 AM | Likes Like |Link to Comment
  • Starbucks Ends 'Race Together' Campaign But Continues The Fight [View article]
    While it may indeed be courageous, many simply suggest it was just plain stupid. Politics and business especially with the public in the middle don't mix - volatile, dumb, insensitive . . . . .

    Did anyone happen to notice within the past 5 trading days, the DOW went up 2%, SBUX rose 4.4%. Go figure.
    Mar 24, 2015. 10:19 PM | 1 Like Like |Link to Comment
  • Bank Of America: The Frustration Mounts For Shareholders [View article]
    Looks like a thesis from an economics class. What's public debt and fed policy got to do with that. All financial institutions must wade through that muddy water.

    The question is which one will stay afloat and pull away from the pack. BAC is big geographically over the US; little international exposure. The US is where its at baby. At 15, this still looks compelling in my opinion
    Mar 23, 2015. 01:58 PM | 4 Likes Like |Link to Comment
  • Starbucks ends "Race Together" campaign [View news story]
    With race issues being literally "on fire" lately, this campaign casts a doubt on Schultz's ability to lead this very public company forward. Signs of instability; failure to keep ones emotions in check of ,for that matter, having them in the first place.
    Mar 23, 2015. 11:41 AM | Likes Like |Link to Comment
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