The bounce in precious metals takes a breather, with gold (GLD) off 1.6% and silver (SLV) off 1.2%. It's more tough news for John Paulson after his gold fund reportedly lost 27% in April, bringing the YTD loss to about 47%. Add David Einhorn to those taking a hit: "We were somewhat surprised by the swift decline," he said on the GLRE earnings call (transcript), especially given the BOJ's joining in "the global monetary printing race." Einhorn sees nothing to change his long-term bullish stance. [View news story]
Gold isn't an investment. You won't make much money on gold or silver. Gold is a savings plan which you (given time) will get out broadly only what you put in. Though the numbers may be much larger.
The way I think about it... In 1971, children's piggy banks stopped working. Had you noticed that kids don't save in piggy banks any more? That's because American President Richard Nixon and the world banking fraternity came along and robbed them all. They robbed the piggy banks of millions of children all over the world.
Gold and silver simply make piggy banks work again.
The bounce in precious metals takes a breather, with gold (GLD) off 1.6% and silver (SLV) off 1.2%. It's more tough news for John Paulson after his gold fund reportedly lost 27% in April, bringing the YTD loss to about 47%. Add David Einhorn to those taking a hit: "We were somewhat surprised by the swift decline," he said on the GLRE earnings call (transcript), especially given the BOJ's joining in "the global monetary printing race." Einhorn sees nothing to change his long-term bullish stance. [View news story]
Well, we don't know, but historically what they are renowned for doing is pushing and pushing and pushing till the dam breaks. Then you get all the inflation you could ever need.
Nokia's Turnaround Underway As Lumia 521 Sells Out In Wal-Mart [View article]
I'm much more concerned by their Asha strategy.
Their Mobile Phone division which had been holding up the ship is now plummeting, their smartphone division has been turned around and is heading the right way.
Nokia's Turnaround Underway As Lumia 521 Sells Out In Wal-Mart [View article]
No they made that mistake before. The media is US based; if they aren't there they don't exist.
The low stocking is frustrating, it's something they very badly need to fix. The user satisfaction ratings for their phones are great, people like them but they need to get them into their hands.
"It's almost biblical," says Apollo Global (APO) CEO Leon Black. "There is a time to reap and there's a time to sow ... We are harvesting." The P-E kingpin says Apollo has unloaded about $13B in assets over the past 15 months. "The financing market is as good as we have ever seen it. It's back to 2007 levels. There is no institutional memory ... We're selling everything that's not nailed down." [View news story]
Once in a lifetime? No, that was 1980-2000. It did this in 2004-7 as well. That's three times in my lifetime so far.
And... When the music stops only a small handful can make money.
Early chatter on the Apple (AAPL) debt offering has 3-year paper priced around 35 basis points over comparable-maturity Treasurys and 10-years priced 90-95 bps above (Microsoft priced at +70). The 3-year Treasury currently yields 0.31%. Borrowing at 0.66%, Apple can buy back shares yielding nearly 3% (with free cash flow yield far higher than that). [View news story]
No new products and copying the competition in design:
If that isn't a raging red flag to dump the stock and avoid the bonds I don't know what is. Will we see colour, sharper corners and polycarbonate handset cases in the purported cheaper device?
(long NOK) Y'know, the guys who actually innovate.
Nokia (NOK) has scheduled a May 14 event in London to show off new Lumia hardware. The rumor mill has indicated Nokia is working on an aluminum Lumia 920 successor (codenamed Catwalk), a Windows Phone with a 41MP PureView image sensor, and a Galaxy Note-sized phablet. Meanwhile, Nokia has begun selling its $20 105 feature phone (previous) in China, as it tries to regain lost ground in the country. In spite of the price, a Nokia exec claims the phone's profit margin (presumably he means gross margin) is comparable to that of Nokia's smartphones. [View news story]
Sales of basic devices and Asha's the problem though...
While yeah the big Pureview sensor on a WP8 device will be important, the hemoraging at the bottom end needs to be fixed and concerns me more than the top end. They need to convert basic users -> Asha and from there as the economies become wealthier and hardware cheaper -> Lumia.
This means they have to make Asha better than Android on the cheapest hardware, and it seems against subsidised chinese competitors.
Nokia As Comeback King: Using A Grassroots Approach To Win [View article]
Care to post your script? Or at least put a chart up on a web site with the data?
It is a very interesting way to do real time or near real time monitoring of public sentiment. BTW, this stuff is gold to marketing departments, if it works reasonably well you've got something marketable there.
Fresh images of Nokia's (NOK -3.3%) Lumia 928 (reportedly due to hit Verizon this month) indicate the presence of a PureView camera (relative to the 920). Nokia is counting on the 928 to lift flagging U.S. sales - while Lumia sales rose in Q1 in most international markets, Nokia's U.S. device sales (Lumia-driven) fell to 400K, down 33% Y/Y and also below Q4's 700K. The images arrive shortly after the FT reported Nokia plans to launch a phablet and (backing up a prior report) a Lumia with a 40MP PureView sensor. Separately, images of Nokia's rumored "Catwalk" aluminum Lumia phone have leaked in China. [View news story]
they need to work on those leaks. Sounds like the 928/Catwalk are basically the same device.
Nokia Vs. Apple And Samsung - Observations From A Vacation In Italy [View article]
Which is a huge opportunity for the low end Lumias & Ashas.
The bounce in precious metals takes a breather, with gold (GLD) off 1.6% and silver (SLV) off 1.2%. It's more tough news for John Paulson after his gold fund reportedly lost 27% in April, bringing the YTD loss to about 47%. Add David Einhorn to those taking a hit: "We were somewhat surprised by the swift decline," he said on the GLRE earnings call (transcript), especially given the BOJ's joining in "the global monetary printing race." Einhorn sees nothing to change his long-term bullish stance. [View news story]
The way I think about it... In 1971, children's piggy banks stopped working. Had you noticed that kids don't save in piggy banks any more? That's because American President Richard Nixon and the world banking fraternity came along and robbed them all. They robbed the piggy banks of millions of children all over the world.
Gold and silver simply make piggy banks work again.
The bounce in precious metals takes a breather, with gold (GLD) off 1.6% and silver (SLV) off 1.2%. It's more tough news for John Paulson after his gold fund reportedly lost 27% in April, bringing the YTD loss to about 47%. Add David Einhorn to those taking a hit: "We were somewhat surprised by the swift decline," he said on the GLRE earnings call (transcript), especially given the BOJ's joining in "the global monetary printing race." Einhorn sees nothing to change his long-term bullish stance. [View news story]
Oh and you're on the heavy side of the boat.
Nokia's Turnaround Underway As Lumia 521 Sells Out In Wal-Mart [View article]
The question is the "dumb" phone division and what Asha sales are doing.
Nokia's Turnaround Underway As Lumia 521 Sells Out In Wal-Mart [View article]
Their Mobile Phone division which had been holding up the ship is now plummeting, their smartphone division has been turned around and is heading the right way.
Nokia's Turnaround Underway As Lumia 521 Sells Out In Wal-Mart [View article]
Nokia's Turnaround Underway As Lumia 521 Sells Out In Wal-Mart [View article]
The low stocking is frustrating, it's something they very badly need to fix. The user satisfaction ratings for their phones are great, people like them but they need to get them into their hands.
(Long NOK for the longer term)
"It's almost biblical," says Apollo Global (APO) CEO Leon Black. "There is a time to reap and there's a time to sow ... We are harvesting." The P-E kingpin says Apollo has unloaded about $13B in assets over the past 15 months. "The financing market is as good as we have ever seen it. It's back to 2007 levels. There is no institutional memory ... We're selling everything that's not nailed down." [View news story]
And... When the music stops only a small handful can make money.
He who sells first sells best.
Why Apple Is Becoming Irrelevant [View article]
Why Apple Is Becoming Irrelevant [View article]
http://bit.ly/18jEisb
iOS 7 will be WP 8. You can already buy the next generation Apple. It's called a Nokia Lumia.
Nok's already won, it'll just take the market a year or two to notice. (long NOK)
Early chatter on the Apple (AAPL) debt offering has 3-year paper priced around 35 basis points over comparable-maturity Treasurys and 10-years priced 90-95 bps above (Microsoft priced at +70). The 3-year Treasury currently yields 0.31%. Borrowing at 0.66%, Apple can buy back shares yielding nearly 3% (with free cash flow yield far higher than that). [View news story]
Yup. iOS goes WP8.
http://bit.ly/18jEisb
If that isn't a raging red flag to dump the stock and avoid the bonds I don't know what is. Will we see colour, sharper corners and polycarbonate handset cases in the purported cheaper device?
(long NOK) Y'know, the guys who actually innovate.
Nokia (NOK) has scheduled a May 14 event in London to show off new Lumia hardware. The rumor mill has indicated Nokia is working on an aluminum Lumia 920 successor (codenamed Catwalk), a Windows Phone with a 41MP PureView image sensor, and a Galaxy Note-sized phablet. Meanwhile, Nokia has begun selling its $20 105 feature phone (previous) in China, as it tries to regain lost ground in the country. In spite of the price, a Nokia exec claims the phone's profit margin (presumably he means gross margin) is comparable to that of Nokia's smartphones. [View news story]
While yeah the big Pureview sensor on a WP8 device will be important, the hemoraging at the bottom end needs to be fixed and concerns me more than the top end. They need to convert basic users -> Asha and from there as the economies become wealthier and hardware cheaper -> Lumia.
This means they have to make Asha better than Android on the cheapest hardware, and it seems against subsidised chinese competitors.
Nokia As Comeback King: Using A Grassroots Approach To Win [View article]
It is a very interesting way to do real time or near real time monitoring of public sentiment. BTW, this stuff is gold to marketing departments, if it works reasonably well you've got something marketable there.
The Fundamentals Are Starting To Matter [View article]
It says that the *only* thing that matters is the FED balance sheet.
http://bit.ly/13P6GVX
Fresh images of Nokia's (NOK -3.3%) Lumia 928 (reportedly due to hit Verizon this month) indicate the presence of a PureView camera (relative to the 920). Nokia is counting on the 928 to lift flagging U.S. sales - while Lumia sales rose in Q1 in most international markets, Nokia's U.S. device sales (Lumia-driven) fell to 400K, down 33% Y/Y and also below Q4's 700K. The images arrive shortly after the FT reported Nokia plans to launch a phablet and (backing up a prior report) a Lumia with a 40MP PureView sensor. Separately, images of Nokia's rumored "Catwalk" aluminum Lumia phone have leaked in China. [View news story]
Still. End of exclusivity... Finally.