ozcutty2

Overbought Stocks (7/21/09)

Agree AXP, DFS, HOG will not piot good earnings for a while yet so their stocks could flatline or sink.
Other stocks like Banking and Insurance and assett managers have seen the worst, shorting them would be dangerous.

A Summary of Q1 Bank Earnings: World, You Just Got Hustled

Banks fake results and use pumped up share prices to raise "free" money to pay off government. So we get our Tarp money back and banks can pay their executives fat pay cheques again. Existing shareholders get diluted but are happy the bank is not going to go out of business.

If you think about it, it was a pretty neat trick, and all up its probably a win-win all round.

To me it shows the lengths the US Administration will go to. Maybe thats why Japan was in a banking crisis for a decade, they were too honest or not smart enough to use these tricks!!??!

The question is, what will Q2 look like? do they have any more tricks? Without a good Q2, the banks will drop again. Maybe they can take our some more AIG insurance!

Bank Stress Test: The Cheat Sheet

Don't fancy COF even though it passed. AXP or DFS much better

Credit Card Issuers and Processors - How They're Faring in the Crisis

I've seen a lot of articles like this. Visa and Mastercard are wonderful, the rest are crap.....
Thats why Visa trades at 20xp/e and dfs trades at 3xp/e.
The question is not which is the better company but which is the better investment.
Considering dfs network volume has doubled since 2004, i'd say 3xearnings makes this a better investment

Exclusive: Big Banks' Recent Profitability Due to AIG Scam?

My only question is, given the fed is inflating and re-capitalising the banking system by dodgy means, how do i make money off this?
Buy BAC, GS?????
They always say "don't fight the fed" don't they??

Financial Times Debunks Citi's Memo

All the big banks are posting record revenue. Its becasue the small banks are failing and its a flight to the "too big to fail" institutions.
I think the FT article is right, its highly suspicous that this was an internal memo not an official trading update. I suspect it was to avoid an SEC probe if it turns out to be BS.
Interesting readers don't like your photo Tyler, looks like they only trust men in suits....like Madoff...

Obama's 'Bad Bank' Plan Is a Turning Point

The root of the problem is falling house values. Just buy up all the vacant houses for social housing, market recovers, bobs your uncle.

Where Citigroup Went Wrong

Businesses grown by aquisitions always seem to get too big and bloated. It always makes me laugh when CEO's say they are going to cut 40000 staff to "improve" efficiencies. What were those staff even doing being hired in the first place?
With my investing i am sticking with companies that generate loads of cash but never buy businesses in foreign countries they don't understand. IF you have spare cash, buy back shares, not some dodgey overseas company in a market you know nothing about.
Case in point, i live in Australia, every successful company in Australia that trys to expand to Europe or the US goes wrong; AMP, Fosters, NAB, etc. They don't understand the market, the customers and importantly underestimate the competition.
If citibank, simply stayed in the US, in the most profitable business in the most profitable part of the country and bought back shares with its cash it would be a highly valuable company, although the sad thing is, some other bank would probably buy it!

Bank of America Facing Mortgage Servicing Losses

BAC stocks plunging. Expect more drama soon. I think the gov will have to step in with another one of its 300billion gaurantees ala Citigroup.

S&P Set for 50%+ Gains? Not So Fast, UBS

When the market moves over 10% in a day, 50% gain is only 5 days.
Catalyst could be Obamas stimulous which looks like getting closer to the magic trillion dollars.
Rally could be fast and powerful but when you drop 50% and recover 50% you are still down 25% overall!
Banks will definitely lead, imagine if Citigroup actually reported a profit in a couple of quarters, the market would go nuts!

Dow Price Targets from Last November

What a joke analysts really are. I watched Bear Stearns and Countrywide get sold off cheap, yet analysts still had high target prices, ridiculous and a total waste of time.
My tip is to live as far away from Wall Street as possible and ignor this mob.