cstauffer's Comments cstauffer's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.com/user/214653/comments Tesla: Mr. Musk's Wild Ride At Your Expense http://seekingalpha.com/article/1454881/comments?source=feed#comment-19522611 19522611 Sun, 02 Jun 2013 10:23:52 -0400 Tesla: Mr. Musk's Wild Ride At Your Expense http://seekingalpha.com/article/1454881/comments?source=feed#comment-19239241 19239241
You are correct that when you strip out the various government subsidies the company would not yet be profitable in Q113. However, the profit quarter is not the sole reason that the stock has risen so dramatically. These subsidies have been in place for years and they have not been able to post a profitable quarter. The enthusiasm over the company's profitability was driven by the volume of Model S's sold and the forward guidance for annual volumes and profit margins. The Model S is an undeniable market success and that success and the success of the future Model X is very promising with the expansion of the Super Charger network.]]> Sat, 25 May 2013 10:18:01 -0400
You are correct that when you strip out the various government subsidies the company would not yet be profitable in Q113. However, the profit quarter is not the sole reason that the stock has risen so dramatically. These subsidies have been in place for years and they have not been able to post a profitable quarter. The enthusiasm over the company's profitability was driven by the volume of Model S's sold and the forward guidance for annual volumes and profit margins. The Model S is an undeniable market success and that success and the success of the future Model X is very promising with the expansion of the Super Charger network.]]> Tesla: Mr. Musk's Wild Ride At Your Expense http://seekingalpha.com/article/1454881/comments?source=feed#comment-19174041 19174041
There are example after example throughout the history of our great country of private/public partnerships which enabled new technologies to shape the course of our economy and tranform our country in an irreversable manner. No example is more significant than the creation of the trancontinental railroad made possible by the issuance of government bonds and government land-grants to railroad companies. This partnership opened up the entirety of the United States to vast numbers of people and expanded commerce opportunities. There is absolutely nothing wrong with government assistance to entreprenaurs who take on significant risk when they attempt to leverage an emerging technology which will be inherently unprofitable for years until economies of scale are created through expanded adoption. Let me give you another pertinent example which has improved the lives of people all over the globe and that is government scientific R&D, for example the mapping of the human genome. Who knows maybe someday your life will be saved by a medication or therapy made possible by this government investment.]]> Thu, 23 May 2013 14:43:51 -0400
There are example after example throughout the history of our great country of private/public partnerships which enabled new technologies to shape the course of our economy and tranform our country in an irreversable manner. No example is more significant than the creation of the trancontinental railroad made possible by the issuance of government bonds and government land-grants to railroad companies. This partnership opened up the entirety of the United States to vast numbers of people and expanded commerce opportunities. There is absolutely nothing wrong with government assistance to entreprenaurs who take on significant risk when they attempt to leverage an emerging technology which will be inherently unprofitable for years until economies of scale are created through expanded adoption. Let me give you another pertinent example which has improved the lives of people all over the globe and that is government scientific R&D, for example the mapping of the human genome. Who knows maybe someday your life will be saved by a medication or therapy made possible by this government investment.]]> Bill Gross channels Paul Krugman? "You've got to spend money," says the Bond King, arguing Europe and the U.K. have erred by pursuing fiscal austerity. "Bond investors want growth much like equity investors," he says. If austerity leads to recession, credit spreads will widen whether or not a country is able to print its own money. As of the end of March, Gross' BOND ETF had one-third of its assets in Treasurys, the highest level since July. http://seekingalpha.com/currents/post/956971?source=feed#comment-17981171 17981171 Tue, 23 Apr 2013 11:41:45 -0400 U.S. Taxes: Who Makes And Who Pays - More Than The Rich Will Have To Pay More http://seekingalpha.com/article/1053291/comments?source=feed#comment-17935361 17935361
Correcting your calculation above, where you responded to Rich stating the the average middle income family paid 25% in taxes to the Federal Government, I think that you are confusing margin tax rate and the actual tax paid. Most "middle income" families, whether during the Clinton years or now actually pay a federal income tax that, as a percentage, is under 20% and in many cases under 15%.]]> Mon, 22 Apr 2013 12:12:24 -0400
Correcting your calculation above, where you responded to Rich stating the the average middle income family paid 25% in taxes to the Federal Government, I think that you are confusing margin tax rate and the actual tax paid. Most "middle income" families, whether during the Clinton years or now actually pay a federal income tax that, as a percentage, is under 20% and in many cases under 15%.]]> Bill Gross channels Paul Krugman? "You've got to spend money," says the Bond King, arguing Europe and the U.K. have erred by pursuing fiscal austerity. "Bond investors want growth much like equity investors," he says. If austerity leads to recession, credit spreads will widen whether or not a country is able to print its own money. As of the end of March, Gross' BOND ETF had one-third of its assets in Treasurys, the highest level since July. http://seekingalpha.com/currents/post/956971?source=feed#comment-17934401 17934401 Mon, 22 Apr 2013 11:48:03 -0400 The 3 Tesla Secrets http://seekingalpha.com/article/1333951/comments?source=feed#comment-17508451 17508451
Thank you so much for sharing your very impressive observations and analysis.]]> Thu, 11 Apr 2013 15:46:41 -0400
Thank you so much for sharing your very impressive observations and analysis.]]> Is This Bull Market Fundamentally Driven? A Look At P/E Expansion http://seekingalpha.com/article/1287411/comments?source=feed#comment-16609081 16609081 Thu, 21 Mar 2013 12:55:36 -0400 Is This Bull Market Fundamentally Driven? A Look At P/E Expansion http://seekingalpha.com/article/1287411/comments?source=feed#comment-16600931 16600931 Thu, 21 Mar 2013 10:36:51 -0400 Is This Bull Market Fundamentally Driven? A Look At P/E Expansion http://seekingalpha.com/article/1287411/comments?source=feed#comment-16540041 16540041 Wed, 20 Mar 2013 09:34:42 -0400 Is This Bull Market Fundamentally Driven? A Look At P/E Expansion http://seekingalpha.com/article/1287411/comments?source=feed#comment-16518921 16518921 Tue, 19 Mar 2013 18:31:31 -0400 Is This Bull Market Fundamentally Driven? A Look At P/E Expansion http://seekingalpha.com/article/1287411/comments?source=feed#comment-16514851 16514851 Tue, 19 Mar 2013 17:13:10 -0400 The Meaning Of Cyprus http://seekingalpha.com/article/1280601/comments?source=feed#comment-16418411 16418411
The equity markets may go down initially Monday in the U.S. and around the world as traders attempt to seize on a negative headline and the emotion that goes along with it. However, once this story becomes better understood, fears will likely rapidly evaporate and investors will turn back to fundamentals such as corporate earnings and low interest rates, which are still pointing to higher equity prices. The one asset class that could benefit from Cyprus is gold, which is devoid of fundamentals and almost entirely driven by emotions.]]> Sun, 17 Mar 2013 21:38:34 -0400
The equity markets may go down initially Monday in the U.S. and around the world as traders attempt to seize on a negative headline and the emotion that goes along with it. However, once this story becomes better understood, fears will likely rapidly evaporate and investors will turn back to fundamentals such as corporate earnings and low interest rates, which are still pointing to higher equity prices. The one asset class that could benefit from Cyprus is gold, which is devoid of fundamentals and almost entirely driven by emotions.]]> Speculation On The Cause Of The OMONTYS Recall http://seekingalpha.com/article/1234751/comments?source=feed#comment-16323131 16323131 Fri, 15 Mar 2013 09:53:43 -0400 Speculation On The Cause Of The OMONTYS Recall http://seekingalpha.com/article/1234751/comments?source=feed#comment-16259491 16259491 Wed, 13 Mar 2013 23:57:55 -0400 Speculation On The Cause Of The OMONTYS Recall http://seekingalpha.com/article/1234751/comments?source=feed#comment-15796991 15796991
I really do not understand why a test of some type is not the most logical and expedient solution?]]> Mon, 04 Mar 2013 09:54:59 -0500
I really do not understand why a test of some type is not the most logical and expedient solution?]]> Speculation On The Cause Of The OMONTYS Recall http://seekingalpha.com/article/1234751/comments?source=feed#comment-15665411 15665411 Thu, 28 Feb 2013 20:54:35 -0500 Speculation On The Cause Of The OMONTYS Recall http://seekingalpha.com/article/1234751/comments?source=feed#comment-15664421 15664421 Thu, 28 Feb 2013 20:24:36 -0500 Speculation On The Cause Of The OMONTYS Recall http://seekingalpha.com/article/1234751/comments?source=feed#comment-15662921 15662921 Thu, 28 Feb 2013 19:47:06 -0500 The money management business inspires a lively exchange at the Barron's Roundtable, with Brian Rogers' liking of Legg Mason (LM) as either a value or takeover play getting the thumbs up from Mario Gabelli, but a razzing from Bill Gross who says the stock-picking industry is in secular decline thanks to ETFs. Gabelli to Gross: "If you want to preach in favor of mindless investing, we don't have to stand by." http://seekingalpha.com/currents/post/784661?source=feed#comment-14232451 14232451 Sun, 27 Jan 2013 18:55:46 -0500 The money management business inspires a lively exchange at the Barron's Roundtable, with Brian Rogers' liking of Legg Mason (LM) as either a value or takeover play getting the thumbs up from Mario Gabelli, but a razzing from Bill Gross who says the stock-picking industry is in secular decline thanks to ETFs. Gabelli to Gross: "If you want to preach in favor of mindless investing, we don't have to stand by." http://seekingalpha.com/currents/post/784661?source=feed#comment-14226161 14226161 Sun, 27 Jan 2013 15:09:08 -0500 Why You Should Sell Vertex http://seekingalpha.com/article/1123061/comments?source=feed#comment-13980691 13980691 Mon, 21 Jan 2013 16:44:33 -0500 House Republicans - including House Majority Leader Eric Cantor - are reportedly overwhelmingly opposed to the fiscal cliff deal approved by the Senate. The House appears poised to amend the deal and send it back to the Senate, setting up a legislative high-wire act. http://seekingalpha.com/currents/post/740481?source=feed#comment-13378591 13378591 Sun, 06 Jan 2013 23:06:20 -0500 House Republicans - including House Majority Leader Eric Cantor - are reportedly overwhelmingly opposed to the fiscal cliff deal approved by the Senate. The House appears poised to amend the deal and send it back to the Senate, setting up a legislative high-wire act. http://seekingalpha.com/currents/post/740481?source=feed#comment-13335831 13335831 Sat, 05 Jan 2013 10:13:25 -0500 House Republicans - including House Majority Leader Eric Cantor - are reportedly overwhelmingly opposed to the fiscal cliff deal approved by the Senate. The House appears poised to amend the deal and send it back to the Senate, setting up a legislative high-wire act. http://seekingalpha.com/currents/post/740481?source=feed#comment-13335751 13335751 Sat, 05 Jan 2013 10:10:07 -0500 U.S. Taxes: Who Makes And Who Pays - More Than The Rich Will Have To Pay More http://seekingalpha.com/article/1053291/comments?source=feed#comment-13301201 13301201
Diluting current shareholders does not cost the company, it costs the shareholders. These options are not options purchased in the market, they are private contractual options that are truly phantom until exercised.

My point is only to say that just because you are granted options in such a way that you do not even have to pay taxes on the "value" of that perk, a person is taking no risk. This is not the same as saying that they don't have anything at risk. They do have something at risk, but that something is a phantom contractual arrangement that cost them nothing in the first place. It is not like most of these executives are given a choice between a cash bonus or an option.]]> Fri, 04 Jan 2013 10:29:50 -0500
Diluting current shareholders does not cost the company, it costs the shareholders. These options are not options purchased in the market, they are private contractual options that are truly phantom until exercised.

My point is only to say that just because you are granted options in such a way that you do not even have to pay taxes on the "value" of that perk, a person is taking no risk. This is not the same as saying that they don't have anything at risk. They do have something at risk, but that something is a phantom contractual arrangement that cost them nothing in the first place. It is not like most of these executives are given a choice between a cash bonus or an option.]]> House Republicans - including House Majority Leader Eric Cantor - are reportedly overwhelmingly opposed to the fiscal cliff deal approved by the Senate. The House appears poised to amend the deal and send it back to the Senate, setting up a legislative high-wire act. http://seekingalpha.com/currents/post/740481?source=feed#comment-13254471 13254471 Thu, 03 Jan 2013 09:22:52 -0500 House Republicans - including House Majority Leader Eric Cantor - are reportedly overwhelmingly opposed to the fiscal cliff deal approved by the Senate. The House appears poised to amend the deal and send it back to the Senate, setting up a legislative high-wire act. http://seekingalpha.com/currents/post/740481?source=feed#comment-13254401 13254401 Thu, 03 Jan 2013 09:21:33 -0500 House Republicans - including House Majority Leader Eric Cantor - are reportedly overwhelmingly opposed to the fiscal cliff deal approved by the Senate. The House appears poised to amend the deal and send it back to the Senate, setting up a legislative high-wire act. http://seekingalpha.com/currents/post/740481?source=feed#comment-13254061 13254061 Thu, 03 Jan 2013 09:12:16 -0500 House Republicans - including House Majority Leader Eric Cantor - are reportedly overwhelmingly opposed to the fiscal cliff deal approved by the Senate. The House appears poised to amend the deal and send it back to the Senate, setting up a legislative high-wire act. http://seekingalpha.com/currents/post/740481?source=feed#comment-13253881 13253881 Thu, 03 Jan 2013 09:07:28 -0500