rmgreenwald

43 Comments

    • The Blue Chip Cycle [view article]
      Well said and I couldn't agree more. Oct 02 02:29 PM
    • I'm Speechless: Palin on the Bailout [view article]
      There are many, many places where this type of annoying political spamblog is appropriate; however, Seeking Alpha is not one of them. How about keeping the focus on investing and earning returns, and using other forums for political smears? Sep 27 10:56 AM
    • The Buffett Bump - Fast Money Recap (9/24/08) [view article]
      Buffett buying into GS was a good sign that there was an opportunity for BRK to own a nice piece of a 'best of breed' company at a great price, and nothing more.

      Since I'm long BRK, it's certainly a good sign.

      Sep 26 01:25 PM
    • Waste Services Industry: Trash to Treasure [view article]
      This article seems light on accuracy, devoid of current performance analysis and it fails to properly present several ongoing events in the industry.

      Allied Waste Allied isn't the small operation that you have characterized in this piece: it owns the second-largest (after Waste Management) domestic network of landfill operations in the US and their mangement team has agreed to the merger with Republic Services, the 3rd largest operator. Shortly after the AW/RSG merger announcement, WMI made a hostile takeover offer of RSG in order to sabotage the merger activities , since the combined company will become a much more powerful competitor to WMI.

      Additionally, RSG has rejected Waste Management's $37 cash bid, citing its commitment to merging with AlliedWaste, which it believes offers better long-term value.

      Finally, Bill Gates Cascade investment company has been buying large blocks of RSG stock and has come out against the hostile offer from WMI, which it has characterized as a tactic to stifle competition.       Sep 22 09:33 AM
    • Citibank - On Guard! - Cramer's Stop Trading! (9/12/08) [view article]
      IMHO, Sears Holdings is more of a real-estate play than a retail play, since both Sears and KMart are well-worn and past their prime in the retail world. Eddie L is a pretty smart guy and picked up lots of commercial property at 'blue light special' prices when he took charge. Sep 14 01:19 PM
    • Corning Retains Strong Balance Sheet & Market Position Despite Earnings Warning [view article]
      I'm also long GLW and have been for some time.

      Nothing material has changed within GLW: consumers will ultimately continue to purchase larger LCD TV's and notebook computers, fiber will continue to be installed, the environmental benefits of the ceramic technologies will eventually increase demand and profitability in that area, and innovations will come from the Life Sciences division. The recent drop in share price is Wall Street punishment for the earnings warning: typical myopic/short-term reaction that doesn't seem related to the long-term prospects of the Company. I'm using this weakness to add to my position and lower my cost-basis as I continue to believe in GLW for the long-term.       Sep 14 12:40 PM
    • The Latest Changes to SeekingAlpha.com [view article]
      I like the changes and would appreciate them even more if I only received ONE daily dispatch instead of the 3 (all duplicates) I've been receiving daily since November of 2007. This will be my 5th attempt to have somebody at Seeking Alpha make this correction. My inbox would appreciate the fix. Sep 01 08:29 PM
    • Maxim Leaves Street with a Lot of Guesswork [view article]
      Shareholders are entitled to more than a series of unkept promises about when the restatement process will be completed. I'm at a loss to explain or understand why it has taken Maxim so long to complete the stock-options investigation, apply the necessary financial adjustments and issue the re-stated financials. It seems that this entire process has taken longer than it has for other companies that have had the same back-dating problems.

      It makes me wonder about the magnitude of the adjustments, the impact on the financials, and the capabilities of the financial 'experts' at Maxim who can't seem to complete this task. It also raises questions about the management team who has made multiple commitments to finish the process, only to defer completion time and time again.

      It's well past time to get this process completed so that the Company can move forward, get re-listed, and remove the cloud of financial uncertainty.
      Disclosure: I own Maxim shares.       Aug 09 11:13 AM
    • At Its 52-Week Low, Is Garmin a Buy? [view article]
      While I wouldn't necessarily compare GRMN to a fad product, like Heeleys/Crox, they are most certainly selling a commodity item in a competitive market. With no clear way to distinguish themselves with any meaningful competitive advantage, GRMN's 52 week low would appear to be justified. Jul 31 12:04 PM
    • Countering the AP's 'E*Trade Financial Earnings Preview' [view article]
      Nice article. Although I admire your passionate support for all things related to ETFC, one wonders if that admiration equates to applauding the performance of the orchestra on the Titanic.

      Yes, ETFC has a great trading platform and some very loyal clients who love the product and management has worked hard to right the ship; however, these factors don't appear to be enough to mitigate the reality of a continued disturbing weak financial condition. A recent commentary from Credit Suisse noted:

      "....adjusting for discontinued operations, net revenues were $213 million, down 28% from first quarter levels. Net interest income was up 5% as net interest spread expansion more than offset a further decline in interest earning assets. Retail commissions held steady as engagement remains relatively healthy. Losses on securities amounted to $16 million but will trend higher in coming quarters. Other revenues were down 7%. Credit quality deteriorated; non-performing assets and delinquent loans trended higher. Operating expenses of $319 mil included myriad charges related to the company's restructuring efforts. Ex. these one-time charges/discontinued ops, expenses declined 11%-mgmt is speaking to having achieved its goal of $50 million of annual run-rate cost savings. Share count continues to rise as the company continues to reduce financial leverage through debt-for equity-swaps-we expect further share count dilution here."

      Notwithstanding the 'hope' that things will turnaround, what substance is there upon which to make a sound investment decision with ETFC?
      IMHO, the ship has taken on substantial water and is still in danger of foundering.       Jul 24 11:20 AM
    • Nigeria: The Elephant in the Corner [view article]
      Solid article with some good points and observations; however, the US doesn't really have any direct means to impact greater stability (and more oil production) in any of these areas, IMHO. Perhaps instead of focusing on resources in other parts of the world, the US should look to areas that it can directly control such as allowing access to the oil reserves that surround the US: in Gulf of Mexico and Alaska. With all due respect to those who wish to preserve the environment, this isn't an 'either/or' proposition, because I believe that the environment and drilling can peacefully co-exist. There are proven means of drilling and production that would allow increased oil production with minimal impact on the areas in question. In addition: we shouldn't be debating an 'oil vs. alternative fuel' platform: we should be agressively looking to capitalize on both opportunities, finding environmentally sound ways to better use the natural gas and coal deposits within the US, and also reducing our overall energy consumption. Jun 28 11:49 AM
    • Seeking Alpha Stock Market Email Alerts FAQ [view article]
      I'm still receiving 3 copies of the daily summary email each day, and have been experiencing this problem for six months. This is the 4th time I've reported this, and have not had any response or seen any corrective action from Seeking Alpha.

      Is anyone monitoring the comments/questions here?

      Please send me only ONE daily summary email or at a minimum, provide the courtesy of a reply to this request. Thanks.       May 22 11:52 AM
    • 3 Victim Stocks - Cramer's Mad Money (5/7/08) [view article]
      All of the noise around the cardiology conference was just that: noise, not substance. The fundamentals, prospects and pipeline didn't change for SGP, and Fred Hassan continues to be a solid leader who brought in a great management team that is leading a solid turn-around effort. The dramatic price drop was a golden opportunity to be greedy when others were fearful: I was already long SGP and added more to my position. Cramer should have done the same. May 08 01:14 PM
    • Becky Quick's Recent Warren Buffett Interview: Brilliant Reporting [view article]
      I watched this interview yesterday on CNBC: not only did Becky do a great job of finding a new twist on interviewing Warren Buffett, Warren was gracious enough to play along and keep the segment moving along, fun, and interesting. Warren even came back for a 'curtain call' when Joe Kearnan and Cramer had follow-up questions for Becky to ask. May 07 11:24 AM
    • 2008 Berkshire Hathaway Shareholder Meeting: Detailed Notes [view article]
      The next best thing to being there...thanks. May 05 11:24 AM
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