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inthemoney

inthemoney
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  • Hundreds of shell companies have frauded Medicare out of hundreds of millions of dollars, with some rings stealing doctor and patient data and then billing the healthcare program as fast as possible. Other shell firms pay doctors and patients to sign off on bogus claims or to sell Medicare ID numbers to the companies.
     [View news story]
    Hey, they are the job creators, aren't they? That is what happens to a society when all productive activities are penalized and only skimming the system is profitable. You get all kinds of people selling useless stuff to each other at ever inflated prices, socila media, that doesn't produce anything, financial casino and fraudsters gaming the system. These are the "job creators" and "enterpneurs" of today.
    Dec 22, 2011. 01:30 PM | Likes Like |Link to Comment
  • "Real" interest rates, which are negative after dropping from over 3% in 2008, should theoretically "help encourage companies and consumers to borrow," writes MarketBeat's Matt Phillips. In practice, "companies have tons of cash, thanks," while many consumers aren't interested in, or able to, take advantage.  [View news story]
    All negative interest rates achieve is - destroy wealth, it is deflation of wealth. And as wealth is destroyed, people cannot invest, spend or borrow as much.
    Consumers cannot borrow at 0%. Student loans that cannot be shed ever, they are as secure as you can get, are at 7%. Mortgages are at 5-6%, but anyone who ever wanted a home alreay got an overpriced one 5 years ago and now in a hole. Credit cards are at 20%.
    All this is while banks pay 0% on deposits and inflation is 3-5%.
    With such a wise monetary policy we are heading straight into recession.,
    Dec 22, 2011. 01:24 PM | 2 Likes Like |Link to Comment
  • Vivus (VVUS -14.6%) adds to the losses it saw yesterday afternoon following the release of troubling safety data related to its Qnexa drug. Not helping is a downgrade to Market Perform from Leerink Swann; the firm thinks investors should be careful, given a lack of information on the FDA's standards for acceptable birth defect risk, and believes "there are more downside risks than upside potentials" over the next several quarters.  [View news story]
    This stock is a thinly veiled pump and dump. I remember it from 4 years ago, and still it is the same story. Just don't buy it. There are plenty of other companies to invest in.
    Dec 22, 2011. 11:29 AM | Likes Like |Link to Comment
  • Piper analysts visited a Chinese Hollister store, and found its prices were 95% higher, on average, than those for U.S. Hollister stores. Far from being concerned by this pricing gap, Piper sees its as a positive for brand owner Abercrombie & Fitch (ANF), claiming Abercrombie's ability to charge premium prices in Asia will translate into "longer-term margin gains."  [View news story]
    It is pretty ridiculous, if you think about it. They make these clothes in China because labor there is cheap but they can charge 2 times more for them in China?
    I wonder , do they have"made in China" label on them there as well?
    I remember a Juicy Couture jump suit being sold overseas for some ridiculous price and it had "designed in the glamourous US" label on it. No kidding. And no mention as to where it was actually made.
    Dec 19, 2011. 11:08 AM | 1 Like Like |Link to Comment
  • "How many all-or-nothing gap up and gap down days can the normal human being watch occur in a row before they realize that the whole thing is (baloney)," writes Josh Brown. Evidently, no more as E*Trade and Schwab's latest DART reports show steep declines in trades, new accounts, and customer assets. "Normal people say (forget it) and stop doing anything at all."  [View news story]
    Normal people unlike professional casino players have full time jobs and cannot watch the market every second. The whole idea that peple somehow can successfully invest in the market on their own ( 401K plan) is nonsense. All 401Ks do is maintain huge non-productive financial indsutry which skis the wealth from the same peole who pay their slaries, i.e. 401K holders. 401Ks are basically the willing sheep for the slaughter.
    This country needs viable alternatives to saving for retirement - either reasonable itnerest rates or defined benefit pensions. No other country in the world relies on the stock market for retirement. Why would that be? May be because it doesn't work?
    Dec 14, 2011. 12:16 PM | 2 Likes Like |Link to Comment
  • Does Facebook deserve the $100B IPO valuation it's reportedly shooting for? Bulls will point to soaring revenue, improving ad monetization, and an eye-popping share of consumer Internet usage. But Douglas McIntyre isn't convinced, noting that at $100B, Facebook will be worth more than Cisco (CSCO), which has over $6B in annual profits, and over $30B in net cash and investments.  [View news story]
    $100 bil for a Wbesite is crazy,people putting this kind of valuation on it are crazy.
    I can live without Facebook , I am not on it. I cannot live without great many things which are valued so much more moderately - food, clothes, housing, transportation, electricity.
    Nov 29, 2011. 09:50 AM | 3 Likes Like |Link to Comment
  • Toyota (TM) unveils a futuristic car reminiscent of a scene from Blade Runner with its all-black three-seat Fun-Vii model replete with auto pilot, onboard 3D holograms, and an outer skin that is a video screen capable of displaying anything from stock quotes to advertising. The carmaker didn't miss out on including a smart grid with the model - featuring always-on connectivity to help drivers avoid road problems or connect with friends. [View news story]
    Sounds cool.
    Nov 28, 2011. 05:10 PM | Likes Like |Link to Comment
  • What To Do With Salesforce.com After The Quarter [View article]
    I closed my short on it today at $105.6 and took my profits. But to go long this stock with P/E of infinity and no barriers to entry? It is crazy.
    Nov 21, 2011. 02:59 PM | Likes Like |Link to Comment
  • With 25 of the 37 sell-side firms covering H-P (HPQ -3.9%) maintaining Hold or Sell ratings, is sentiment too bearish heading into today's FQ4 report? Sterne Agee seems to think so. But the bears have their reasons: Goldman thinks H-P's server business will continue to be hurt by the "encroachment of white box vendors," while Deutsche expects the PC division's problems to ding earnings.  [View news story]
    I actually like some of HP products but the company itself is a disaster, especially at the top. Top management is responsible for the horrendous employee morale and low achievement beauracratic culture.
    The companya mish-mash of ill fitting pieces that don't work together. For HP to survive it needs to be split into 3-4 companies.
    Nov 21, 2011. 02:56 PM | Likes Like |Link to Comment
  • Raymond James' Terry Tillman is upgrading Salesforce.com (CRM -3.2%) to Buy following Friday's post-earnings drubbing. While many are concerned about the soft deferred revenue and billings figures found in Salesforce's FQ3 report, Tillman thinks investors should focus on the company's healthy FY12 revenue guidance, and its record number of large deal signings.  [View news story]
    And Jerry Tillman needs to reintroduce himself to the Porter's five forces. There is no barrier to entry into the CRM market, competition is plentiful and powerful, customers can switch easily. This market cannot command high margins. To compensate for low margins one needs very high growth. However, the market is not that big compared to the size of CRM. Saturation is on the horizon.
    Nov 21, 2011. 02:53 PM | 1 Like Like |Link to Comment
  • Even as the currency union's survival is "in doubt now," Warren Buffett finds a lot to like about many European stocks. He's buying shares in one company today and plans to buy more. "There are some wonderful businesses in Europe, and the prices have come down on some of them."  [View news story]
    Intresting that Buffet now looks to Europe and Japan for things to buy. Does he think the prospects are not that great for the US contrary to what he says on camera? Or does he think US stocks are overpriced?

    European stocks are cheap and I own several but the currency risk is still there, making them somewhat less attractive.
    Nov 21, 2011. 08:31 AM | Likes Like |Link to Comment
  • Salesforce.com (CRM -9.6%) remains sharply lower post-earnings, as its FQ3 beat and healthy revenue guidance get offset by so-so EPS guidance (the result of aggressive spending) and soft billings and deferred revenue figures. Goldman, Deutsche, and Jefferies are staying bullish, with Jefferies noting management's CC comments about expecting strong deferred revenue growth in FQ4.  [View news story]
    So much for Citibank upgrade a few days ago. All these invetments banks are in the same mafia. They'll wait for the stockto come down another 10% before they put it as "neutral".
    Nov 18, 2011. 10:29 AM | Likes Like |Link to Comment
  • The U.S. housing industry scored a victory with yesterday's House and Senate votes to raise the size of FHA-backed mortgages to $729,750, up from $625,500. Lawmakers backing the higher limit said withdrawing federal support could further undermine the housing market; opponents cited the FHA's potential need for a taxpayer bailout.  [View news story]
    It is a win for the housing lobby, for sure.
    No person who needs FHA mortgage should be buying a home more expensive than 200K. I dont' care what market they are in. If they need FHA mortgage they don't have the income for anything more expensive than 200K and even that is very generous.
    Nov 18, 2011. 10:27 AM | 2 Likes Like |Link to Comment
  • The mad rush of retailers to push open their doors on Thanksgiving for Black Friday shoppers is backfiring, according to Minyanville. Instead of stirring up excitement from eager Turkey Day shoppers, chains are facing criticism for the insensitivity of bringing in workers on a national holiday. Case in point: An online petition on change.org aims to deliver 500K e-signatures to Target (TGT +0.9%) in the hope of pushing back its Black Friday opening time back to 5:00 AM on the day itself.  [View news story]
    The whole black Friday thing is barbaric. People hurting and killing each other in pursuit of more junk they don't need.
    Nov 15, 2011. 01:39 PM | 2 Likes Like |Link to Comment
  • Salesforce.com (CRM) is raised to Buy from Neutral at Citigroup, with a new target price of $158 from $122, reflecting greater confidence in medium-term growth and more credit for call options in early markets. The company’s Service Cloud "was a call option but is now a tangible driver and likely [to] be underestimated by the Street." CRM +2.2% premarket.  [View news story]
    > He says the company trades at a smaller premium versus other high growth software sector peers since 2009 on a price-to-revenue basis.

    That is because others actually have earnings. If I gave away $10 for $11 of cost I 'd have pretty high revenues as well but I wouldn't remain in the business for long.
    Nov 14, 2011. 10:00 AM | 1 Like Like |Link to Comment
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