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Owen

Owen
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  • Three Sunday reads [View news story]
    "If you closed your eyes and put your finger on a map of the U.S., you would hardly ever point to a place where the unemployment rate precisely matched the national number calculated by the government."

    Who needs statistics when we have demagogy? Oceans have tides, waves and swells. If you closed your eyes and put your finger on a map of the oceans, you would hardly ever point to a place where the water is exactly at sea level. So what's the point of measuring altitudes in feet above average sea level, right?

    Some people should have stuck to their degree in English Literature rather than try to analyze economics.
    Feb 9 01:12 PM | 2 Likes Like |Link to Comment
  • Is Montage Technology Still 'Fabless' If It Is Fabricating Its Revenue? [View article]
    Where do you see Intel (INTC) owning 6.4% of MONT?
    Feb 9 09:15 AM | 1 Like Like |Link to Comment
  • Is Montage Technology Still 'Fabless' If It Is Fabricating Its Revenue? [View article]
    jsIRA, 10 million shares changed hands over the last two days. Apparently, someone is still buying.
    Feb 8 05:29 PM | Likes Like |Link to Comment
  • Third Point Lockup And Market Downturn Provides Shorting Opportunity [View article]
    "TPRE's success is not dependent on the quality of its underwriting" - It isn't? How so? Isn't the Loss Ratio entirely dependent on the quality of its underwriting?
    Feb 7 08:55 AM | 1 Like Like |Link to Comment
  • Is Montage Technology Still 'Fabless' If It Is Fabricating Its Revenue? [View article]
    No leap of faith in Gravity Research is required. Whether you trust them or not, the 37 citations listed at the bottom are independently verifiable. Ignore the analyst, and draw your own conclusions from the sources supplied.

    My guess is that Gravity Research maintains their anonymity simply because they cannot afford the legal battles normally resulting from publishing such analysis.
    Feb 7 07:37 AM | 2 Likes Like |Link to Comment
  • Great Northern Iron Now Worth Less Than $21, Will Fall To $0 In 15 Months [View article]
    "If he rents out MY property he is obligated to remit the income (less a small fee) to me. " - No, he isn't. Read the brokerage agreement you signed when you took on his services. Based on the contract you agreed to, your broker is entitled to do anything he likes with the non-segregated securities in his account, subject to the Securities Exchange Act of 1934 and other regulations.
    This includes, but isn't limited to, pledging your non-segregated securities as collateral for a loan, and lending your securities for a fee. If you don't want this to happen, don't use margin; if your account is fully paid in cash, all your stock is segregated and can't be lent out or pledged as collateral.
    No one made you sign that agreement. Indeed, as you can see above, some brokers offer their clients 50% of the lending proceeds. No one contests the fact that the stock is your property. Alas, you willingly gave up the right to collect any proceeds from lending them out when you signed up with your broker.
    Feb 6 03:40 PM | Likes Like |Link to Comment
  • Park City Group's Revenues From Most Important Customer Past Due [View article]
    I'm sure Mr. Basenese will have a perfectly good explanation for that.
    Feb 6 06:19 AM | Likes Like |Link to Comment
  • Great Northern Iron Now Worth Less Than $21, Will Fall To $0 In 15 Months [View article]
    Bobb, you are more than welcome to register yourself as a dealer/broker, and collect all those fees for yourself.
    Feb 6 06:18 AM | Likes Like |Link to Comment
  • Park City Group's Revenues From Most Important Customer Past Due [View article]
    "Due your own due diligence." - Your sentence is missing a verb. Did you mean, _do_ your own due diligence?

    "The ownership structure of ReposiTrak was set up in such a way to limit PCYG's downside if the product never gained market traction, while also preserving its upside if it, indeed, did. There's nothing suspect about it." - If that's the case, they certainly go to great lengths to deny and hide this honest and wholesome purpose. If everything is kosher, why not simply announce in their next 10-Q, "We set up ReposiTrak as a non-arms-length entity to allow us to..."? Why play this hide-the-pickle game?

    "Like I said from the outset, due your own due diligence." - I don't know who is paying you to post this, but it seems that the author of this article has certainly _done_ his own due diligence, while you only make some dubious claims without anything in the way of supporting evidence.

    "If you do more than simply comb SEC filings, I'm confident you'll arrive at a different set of conclusions." - So...there are more things the company isn't disclosing in its SEC filings? Pray tell us more!
    Feb 5 02:45 PM | Likes Like |Link to Comment
  • The Silly Chile Trade Is Back And Bigger Than Ever [View article]
    The borrowing cost for short selling shares of CH currently stands at over 19% a year. So, unless the premium closes fairly expeditiously, this arbitrage trade may not be as lucrative as it seems.
    Feb 3 10:24 AM | Likes Like |Link to Comment
  • Paul Ryan: Ideas for reducing poverty [View news story]
    And I wish the Wizard could give all Congressmen a brain.
    Jan 26 06:00 PM | 1 Like Like |Link to Comment
  • Paul Ryan: Ideas for reducing poverty [View news story]
    What a bunch of demagogy. Most of those 47 million Americans live in conditions that 50 years ago would have been described as "affluent". They eat 2000 calories of food a day - often food prepared by others, be it McDonald's or the cooked food section at their supermarket. They own a TV and two or three telephones per household. They buy toys, not rice, for Christmas.

    The poverty threshold has been moved several dozen times since Lyndon B. Johnson's days. It is calculated based on the overall distribution of income, not based on absolute poverty definitions. If you raised that threshold high enough, we'd all be defined as "poor".

    The number of American starving or without a place to sleep today is smaller than it was 50 years ago. Anyone who doesn't start his review of wealth in America by acknowledging this fact is selling you something.
    Jan 26 10:58 AM | 17 Likes Like |Link to Comment
  • IBM results not impressing sell-side [View news story]
    I don't know about you, but some of us buy a business with the expectation of the business making money.

    If a business I own makes $20 a share profit for me and for the other shareholders, why would I care how much the market values my business? Whether it pays these earnings out in dividends or (preferably) retains them, those earnings are mine. I'm not looking for a buyer.
    Jan 24 05:16 PM | Likes Like |Link to Comment
  • IBM results not impressing sell-side [View news story]
    Strange market reaction.

    Any idiot can grow a business by selling products at a loss. It takes good management to identify poorly performing business lines and get rid of them. A smaller business with bigger profits--absolute dollar-value bigger, not just % margin--should be good news, no?
    Jan 22 09:13 AM | 4 Likes Like |Link to Comment
  • The 2 Real Threats To The Future Of Berkshire Hathaway (And Its Defense Against Them) [View article]
    Again, you don't need to convince me or most thinking people. It's that TheSlayer believes that--who knows?--Warren might change his mind on his deathbed, and convince his son--and the board--to make Howard the new CEO, contrary to common sense and rational thinking. Because, apparently, TheSlayer has seen stranger things.
    Jan 21 07:10 PM | Likes Like |Link to Comment
COMMENTS STATS
463 Comments
416 Likes