Henry Buttal

Henry Buttal
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  • The Internet Of Things - Your Next Big Investment Opportunity In Technology  [View article]
    The M2M industry has an excellent history with safe operation, as it has leveraged the security infrastructure inherent in the cellular network. The bigger question is the impact as we move to more IoT applications that also use WiFi, Zigbee, and Bluetooth as communication points.
    Jan 25, 2014. 01:48 PM | 1 Like Like |Link to Comment
  • Numerex: An Internet Of Things Play  [View article]
    To be precise, CalAmp is not a Numerex competitor, though it is an alternate investment in IoT. CalAmp is much more into the hardware side of M2M than Numerex, whereas Numerex only is in the device business to drive recurring revenues on the services side.
    Jan 25, 2014. 01:21 PM | 1 Like Like |Link to Comment
  • S&P Downgrades U.S. to AA+ - We're Tied With Belgium!  [View article]
    Actually, the default part is not accurate. The vote to raise the debt limit is a bit of pre-emptive strike to avoid having to make funding decisions based on having to live off USG revenue collections - cash flow, in other words.

    There would have likely been enough money to avoid any kind of formal default (which would imply no interest or debt service) for several months - but other "obligations" would possibly have been pre-empted...
    Aug 6, 2011. 02:45 PM | 1 Like Like |Link to Comment
  • "Relief will soon give way to alarm about the U.S. economic and fiscal future," writes Larry Summers of the debt agreement. The man whose hand shaped current U.S. conditions as much as anybody's believes jobs and growth are of far more import than the budget deficit right now. His prescription: save $1T by ending the Bush tax cuts, and juice the economy by extending the payroll tax cut.   [View news story]
    Summers says nothing new here, and apparently didn't believe enough in what he was doing to remain as an advisor to the Administration.

    Nothing to see, move along....
    Aug 2, 2011. 06:07 PM | 3 Likes Like |Link to Comment
  • Debt, Money Printing and Prosperity  [View article]
    Hi Asbytec,

    I would argue you can't understand Austrian economics by looking at one article that references a revised measurement analysis of money supply. I think the author's real point is that Keynesian prescriptions have not worked. At this point in time, I think that is a valid conclusion.

    I don't pretend to be an expert in Austrian economics, but to address your apparent confusion, I would suggest the Austrian measurements of money suggested exactly what the general foundation of the school is all about:

    - the TMS measure shows that the increase is not nearly as high as the way the Fed measures...
    - which ties back to the Austrian beliefs that the wrong incentives undo the best monetary intentions - and clearly that has been the case recently
    Jul 28, 2011. 01:31 PM | Likes Like |Link to Comment
  • Debt Ceiling Is Not the Only Issue  [View article]
    By the way, it is not possible for "tax cuts" to increase debt.

    The debt is incurred by deficit spending by the government. Tax cuts can reduce the fund available to fund (pay principal and interest) debt service, but are not new obligations that actually increase the debt itself.
    Jul 25, 2011. 09:51 PM | Likes Like |Link to Comment
  • Taking a Bite Out of Apple With Less Risk but Fine Upside Potential  [View article]
    the short put is already an interesting position, and so the author has taken a position
    Jul 12, 2011. 11:44 AM | Likes Like |Link to Comment
  • Why I Don't Own Apple Stock  [View article]
    So, I am not going to ridicule this only because I can't call Apple right from an investment side, only from the tech side (read as made a little money on AAPL, left order of magnitudes of money on the table)....

    From the tech side:
    - like iCloud and associated offerings to increase stickiness
    - know there are at least two iPads and three additional iPhones purchases to be made in my household in the next 5 months
    - I don't believe Apple has made any efforts in the corporate markets at all

    Out of AAPL at $340, wish I was still in....
    Jul 11, 2011. 01:07 AM | Likes Like |Link to Comment
  • Coal Generators and the EPA Power Struggle: Will Consumers Foot the Electric Bills?  [View article]
    EXC has the best of both worlds - nuclear plants to avoid the issues with a large coal burning primary gen capacity, and yet it will also benefit from increases in pricing.

    However, I am sure the EPA and DOE will eventually figure out a way to burden the nuclear industry here as well - your politicians and regulators need to do something to justify their existence.
    Jun 27, 2011. 11:00 PM | Likes Like |Link to Comment
  • GE's Gas-Fired Plants Could Enable More Wind and Solar Power  [View article]
    Excellent post. Too often we don't hear realistic assessments of what the implications of increased renewables with large variability will be.
    May 31, 2011. 04:55 PM | Likes Like |Link to Comment
  • Stock Market's Expensive but Still in Uptrend  [View article]
    I was crushed in 2008, so I am slowly raising percentage in lower volatility assets as the market gets higher, based on a similar reading of current risk assets prices. However, in oil and gas related industries, I'm not liquidating, but reallocating.
    May 25, 2011. 12:10 PM | Likes Like |Link to Comment
  • A Closer Look at Forbes 'Growth at a Reasonable Price' Selections  [View article]
    This seems a little short term...
    May 25, 2011. 11:55 AM | 1 Like Like |Link to Comment
  • It's the Roads, Stupid - Part 2  [View article]
    Part of the problem is that the current administration continues to allocate infrastructure by political favoritism rather than the pragmatic. To wit:
    - Funding for "shovel ready" projects that instead was directed to favorite non-infrastructure causes like prison reform and behavioral studies
    - Capital for big pie-in-the-sky projects with questionable returns that served "green" sensibilities rather than making budgetary sense (the billions of dollars for commuter rail lines is a primary example) while ignoring small dollar but very high return project in states that didn't vote the party line.

    As for public/private partnerships, there are some great examples of success in the present (tollways in Texas) as well as in the past (the freight railroads on which Amtrak runs nearly everywhere). However, if you don't trust politicians, it is hard to envision giving them the keys to a billion dollar asset sale of something they don't understand.
    May 24, 2011. 09:49 PM | Likes Like |Link to Comment
  • Don't Tax Oil Companies - Nationalize Them!  [View instapost]
    Amtrak
    - ongoing losses that are repeatedly recapitalized by the American tax payer. If you're argument for XOM is that you need to redistribute the economic benefits to a more diverse population, then Amtrak REALLY IS your poster child. U.S. tax payers outside the NorthEast corridor subsidize the ridership there.
    Conrail
    - lets see, overbearing government regulation bankrupts numerous railroads in the 70s. Government takes over railroads, stranding many debt holders. Regulatory regime changes under Reagan, railroads are freed to operate, government then can spin out assets they bankrupted to new, politically favored owners. Ahh, now I understand what government efficiency is...

    US Postal Service
    - vastly improved in recent years, but still has not consistently been operationally positive. The big negative is the willingness to spend your tax dollars to provide loss leaders to compete with private sector companies like UPS and FedEx.

    Enron
    - California legislature passes bill urging utilities to deal with stranded asset costs and dirty and/or low performing generating plants as part of the "opening up" of retail electrical in CA. However, they also retain a cap (!) on wholesale electrical prices! This is what Sacramento considers deregulation. California utilities get rid of older, dirty, high cost/maintenance plant that provided reserve capacity, and sell other plants at high prices, and essentially lose control of the high margin rolling reserve. When you combine this with a cap on Wholesale prices, you get the 1999 problems (this doesn't excuse Enron, but they didn't start the problem, the legislature, coupled with NIMBY did. And Enron was a generator and a wholesaler broker, not a public utility).

    An added bonus - the famed Raptor funds of Enron were partially funded by CALPERS! Yes, folks, Californians screwing Californians!
    May 20, 2011. 04:24 PM | Likes Like |Link to Comment
  • Don't Tax Oil Companies - Nationalize Them!  [View instapost]
    I assume this is a Swiftian tirade designed to engender a reaction. Or that somebody was on the wrong side of an oil trade recently...or drives a SUV.

    The Chavezing of the U.S. energy sector is not the way to go. That theft would be from citizens who own shares or work for oil companies. Do you advocate the elimination of pari passu, ala the political carve up of GM? It is ludicrous to think your proposal would result in less political corruption and apportioning.

    The profits XOM make don't evaporate - XOM is not Apple, they pay dividends to shareholders. Who in turn (largely) pay taxes to the U.S. You also inaccurately state that XOM "pay no taxes in the U.S." .

    In short, an interesting tirade, but not an interesting article.
    May 20, 2011. 12:54 PM | Likes Like |Link to Comment
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