Seeking Alpha


Send Message
View as an RSS Feed
View Joe_G's Comments BY TICKER:
Latest  |  Highest rated
  • AT&T: Slow Decline May Accelerate With Q1 Earnings [View article]
    T and VZ are essentially utilities due to their entrenched position of owning most of the good low frequency wireless spectrum. Google is forced to piggy-back off of underutilized Sprint bandwidth, so I wouldn't overestimate the threat from Google in the wireless space, although Google fiber seems to have lit a fire under T to up their game in the wireline space.

    Overall, a utility like T will never blow the doors off the larger market but will generate a nice yield if bought at a low enough entry point.
    Apr 20, 2015. 07:38 AM | 8 Likes Like |Link to Comment
  • The American Consumer Will Never Be Back [View article]
    "Let's imagine a world where instead of free trade, we had stiff protective barriers."

    No need to imagine such a world, history is full of real examples. 19th century America and 20th century China are two big examples of nations that threw up trade barriers to protect domestic industries from more established competitors (Britain in the former, US in the latter). In both instances the country that put up protective tariffs enjoyed robust economic growth in the subsequent decades after imposing such tariffs because they chose inefficient but promising domestic producers over efficient foreign producers. There are many reasons why this counterintuitive phenomenon takes place (the network effect of clusters of suppliers and support industries being a big one), but the history of trade reflects the reality that trade barriers often (but not always) benefit national economies in the long run, at least when it comes to industries that rely on large scale manufacturing.
    Apr 13, 2015. 09:16 AM | 1 Like Like |Link to Comment
  • The American Consumer Will Never Be Back [View article]
    "As our society has evolved from manufacturing to technology, our educational system system has failed to keep up"

    The transition away from manufacturing was not a natural evolution but a result of policy decisions made deliberately over the past 30 years. When you lower trade barriers with low wage countries like China the inevitable result is a decrease in manufacturing activity in the US. Germany chose to go the other way and resisted the race-to-the-bottom of free trade pacts with Asia and as a result their economy didn't "evolve" away from manufacturing.

    You can have the most educated work force in the world but unless they're willing to compete with wage slaves in Guangdong or Bangalore they won't be able to compete. Education alone will not save us.
    Apr 12, 2015. 09:29 AM | 11 Likes Like |Link to Comment
  • Rooftop Solar Will Prevail Against Utility Obstruction Efforts [View article]
    Good article. Roof-top solar doesn't need to fully displace centralized power distribution to make a dent in utility company earnings. They just need to steal more customers than the utilities can add through organic population growth. If the population of New York grows at a rate of 2% per year and 3% of Con Edison's customers switch to solar (or a higher percentage get at least some of their power from solar) then you have a recipe for earnings contraction.
    Apr 8, 2015. 09:51 PM | Likes Like |Link to Comment
  • There Is No Reason Why The Fed Should Increase The Federal Funds Rate Any Time Soon - Update April 2015 [View article]
    I agree completely. The only reason to ever raise rates is to prevent inflation, which is virtually nonexistent today. I understand why the commercial banking sector wants to see higher rates, their net interest income spreads would increase faster than their cost of funds, but there is no macroeconomic reason to raise them. The Fed should resist pressure from the JP Morgans and Citibanks of the world and focus more on sustaining a weak recovery than battling imaginary inflation.
    Apr 5, 2015. 09:33 AM | 1 Like Like |Link to Comment
  • Kinder Morgan: The Cat Is Officially Out Of The Bag [View article]
    The logic is that by blocking pipeline projects you force reliance on more expensive rail transportation of oil. The more expensive you make oil extraction, the more attractive alternate energy sources become. It's a logical strategy, especially when you consider how expensive oil sand extraction is already. You only need to add a little extra cost onto an already expensive form of oil extraction to make it more trouble than it's worth.
    Mar 27, 2015. 09:23 AM | 1 Like Like |Link to Comment
  • General Electric: Has The Blueprint For A Break Up Materialized? [View article]
    GE's share count today isn't significantly lower than 10 years ago, 10.1 billion shares today versus 10.6 billion in 2005. I hope this new swap of Synchrony for GE shares results in a more meaningful reduction than past share reductions efforts, not just giving it away just to reduce GE Capital for the sake of reducing GE Capital.
    Mar 8, 2015. 09:03 AM | 1 Like Like |Link to Comment
  • New Jersey's $225M environmental settlement with Exxon draws criticism [View news story]
    Settling for pennies on the dollar is not a "win-win", it's just another example of crooked NJ politics. Somebody at XOM owes Chris Christie big for this, and I'm sure they'll treat him right down the road with a sweet lobbyist gig one day.
    Mar 5, 2015. 04:11 PM | 3 Likes Like |Link to Comment
  • Providers react to FCC with talk of litigation, 1930s trappings [View news story]

    I hate to break it to you, but wireless is already taxed. Check your cell phone statement and you'll see a sales tax surcharge already added. Same applies to your cable/internet bill.
    Mar 1, 2015. 05:14 PM | 1 Like Like |Link to Comment
  • Providers react to FCC with talk of litigation, 1930s trappings [View news story]
    Stephen Mayo,

    Please explain how preventing price gouging from cable companies amounts to a government takeover of the internet? That's really what net neutrality boils down to, not letting Comcast and Verizon punish customers with slower internet speed for failing to pay an extra surcharge for "internet fast-lanes".
    Feb 28, 2015. 08:11 AM | 2 Likes Like |Link to Comment
  • Providers react to FCC with talk of litigation, 1930s trappings [View news story]
    R Sink,

    Agreed. Net neutrality basically means leaving the internet alone, as is, without increased pricing for not slowing down speeds from the companies that own the pipes that bring the web into consumers homes. And yet, the spin on this is that keeping things the way they are is some big, bad, new regulation. Ridiculous.
    Feb 28, 2015. 08:05 AM | Likes Like |Link to Comment
  • Providers react to FCC with talk of litigation, 1930s trappings [View news story]
    Responding in morse code....nothing petulant about that. You stay classy, Verizon.
    Feb 26, 2015. 09:11 PM | 13 Likes Like |Link to Comment
  • The Evolution Of A Virtual Industrial Park [View article]

    That was very helpful. Thanks! - Joe
    Feb 25, 2015. 08:36 AM | 2 Likes Like |Link to Comment
  • The Evolution Of A Virtual Industrial Park [View article]
    Brad, I'm gonna put you on the spot and ask you which you like better, CSG or STAG. I'm consider both but leaning towards CSG due to relative valuation.
    Feb 25, 2015. 07:11 AM | 1 Like Like |Link to Comment
  • Rate Increases May Come, But Realty Income Dividends Keep Piling Up [View article]
    Considering that every central bank from Europe to Japan is moving towards lower interest rates and weaker currencies I don't see much risk of rates in the US going up very much anytime soon. The Fed has shown that it's in no rush to jack up rates with energy, wages, and most commodity prices flat or falling with a strong dollar keeping imports cheap. So, I wouldn't sell shares of O or any other bond substitute in the near future based on interest rate worries.
    Feb 24, 2015. 07:38 AM | 4 Likes Like |Link to Comment