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nimnar

nimnar
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  • Prudent Yield Hog Focus: Cellcom Israel [View article]

    I just don't see CEL sustaining any kind of dividend. The recent cut in phone call completion rates by 70% will crush their margins. I don't think you really address this in point 4.

    So really, regardless of the middle east, currency risk etc., the real problem for cellcom is the cutthroat competition set in effect this January by the Ministry of Communications via: 1) the granting of 2 new carrier licenses as well as the introduction of virtual carriers, and 2) the reduction of completion charges which represent the bulk of carriers revenue.

    Buyer Beware.
    May 22 11:06 PM | Likes Like |Link to Comment
  • Foreclosures: Did Wall Street Shaft Main Street? [View article]
    "The homeowners obviously made a bad bet, but I find it hard to believe that the banks were intentionally trying to fleece the American public."

    ROTFLMAO LOL
    Oct 15 09:28 AM | Likes Like |Link to Comment
  • Wolfgang Franz, who heads Germany's economic advisory panel, rips into Paul Krugman's critique of Bundesbank President Axel Weber. Franz: "Where did the financial crisis begin? Which central bank conducted monetary policy that was too loose? Which country went down the wrong path of social policy by encouraging low income households to take on mortgage loans that they can never pay back?"  [View news story]
    The irony with statements like:
    "Where did the financial crisis begin? Which central bank conducted monetary policy that was too loose?",
    is that Germany, in backing the Euro, also allowed a loose monetary policy...albeit papered over by European 'unity'. As American borrowers, the PIGS took loans they will never repay.

    Ultimately, if the Germans go down the path of austerity the Euro will have to come apart.
    Jun 23 11:53 PM | 2 Likes Like |Link to Comment
  • Currency Manipulation: The Dollar and the Yuan [View article]
    Very interesting, thanks. As far as I can tell the two funds at the top of the article "about: CNY / CYB" are not actual Renminbi funds. They are synthetics which may or may not succeed in mimicking Renminbi/Dollar performance.
    Apr 6 11:35 AM | 1 Like Like |Link to Comment
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