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Nick Dorset

Nick Dorset
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  • Cyclical Fears Create Long-Term Investment Opportunity For Cummins [View article]
    CMI is probably not a buy until the full implications of the VW scandal have unfolded. Nobody can predict how governments around the world are going to react to the environmental issues known but not highlighted before, inherent in diesel engines, but one can be fairly confident that many will overreact. Short term that will impact on CMI, but long term with its natural gas engines may it not benefit?
    Oct 7, 2015. 06:18 AM | Likes Like |Link to Comment
  • Berkshire Hathaway And The Importance Of Deferred Taxes [View article]
    Very interesting and informative
    Aug 14, 2015. 09:32 AM | Likes Like |Link to Comment
  • Netflix Is Still Undervalued - Cramer's Mad Money (7/16/15) [View article]
    Nearly all the comments about Netflix are needless to say from Americans- who fail to realise that they are spoilt when it comes to what they can view on TV - whether it is broadcast, cable, or satellite. The choice available in the US and for that matter Canada and the UK ( where I live) is superb compared to most countries.
    What this means for Netflix, for example in the EU, is that the level of content competition they experience is far lower, making them appear so much better, and even better value for money.
    I recently spent three weeks in South Africa (population 47 million) - TV is terrible there, does not matter what you are willing to spend. People there have their tongues hanging out for the arrival of Netflix which you cannot yet get in SA.
    Finally a word on Netflix original content- to which I am a supplier, I own a film facilities company. The content which they are setting out to produce is of a uniformly high quality; and even when they produce a bit of a turkey, Marco Polo for example, it is still worth their while to make more product. Probably for the reasons outlined in paragraphs 1 &2.
    Jul 18, 2015. 12:57 PM | 1 Like Like |Link to Comment
  • Setting Up Greece To Fail Is Bad For Europe [View article]
    I notice that you omit the part played by Goldman Sachs in advising Greek governments prior to Messrs. Tsipras, Varoufakis ,et al, in how to cook the books so they could:

    a) Qualify to become a member of the Euro in the first place.
    b) Once they were in to borrow obscene, ludicrous amounts of money.

    The Germans did not force the Greeks, or for that matter Ireland, Portugal, Italy, and Spain to join the Euro, and have benefited enormously from their collective foolish decision to do so. One only has to look at the number of BMW.s , Mercedes on the roads in those countries, and Greece as well of course; not to mention the vast amount of Miele and Bosch in middle class homes in these countries ( not so much in Italy).

    The fundamental flaw of the Euro is that you don't form a currency union and then converge, you converge ( economically, politically, and just as importantly, culturally) then you form a currency union.
    The Euro is doomed, as Mrs Thatcher was wont to say:
    ' You can't beat the markets!'

    Sooner or later the markets will find the flaw in the Euro and punish this political hubris.
    Jul 16, 2015. 11:36 AM | Likes Like |Link to Comment
  • Game Plan For The Coming Week - Cramer's Mad Money (7/10/15) [View article]
    But surely the best way to own Kraft/Heinz is to own BRK-B/A?
    Jul 13, 2015. 08:18 AM | 1 Like Like |Link to Comment
  • Are We Heading Into A Recession? - Cramer's Mad Money (7/7/15) [View article]
    I agree that this is an outstanding post
    Jul 10, 2015. 08:21 AM | Likes Like |Link to Comment
  • Are We Heading Into A Recession? - Cramer's Mad Money (7/7/15) [View article]
    The Greek Finance minister, this week's, and the one on the motorbike who was thrown to the Euro wolves this week, but had been ushering Greece to bankruptcy since January- yes you guessed it - both have economic Phd.s.
    Jul 9, 2015. 06:27 AM | 1 Like Like |Link to Comment
  • S&P 500 Could Be In Its Most Difficult Period - Cramer's Mad Money (6/30/15) [View article]
    As a Brit who follows this trail daily, I cannot understand why you are all obsessing so much about Greece. Would you be going so mad if Louisiana defaulted? well the Greek economy is smaller than Louisiana's- and British banks' exposure is limited to about 11 Billion Euros. They have paid out more than that in fines over the last two years for being naughty boys ( Libor fixing - credit insurance mis-selling etc. etc.) so can take an amount like that in their stride.
    Sure German banks and particularly Italian banks ( of which there are many small ones) have much higher exposure - but why do you think that the ECB has espoused quantitive easing many years after the Fed and Bank of England? So it can print the money to mop up Greece's debt.
    The Greeks have defaulted get over it!
    Jul 2, 2015. 11:29 AM | 1 Like Like |Link to Comment
  • Bump Up In Netflix Is Artificial - Cramer's Lightning Round (6/23/15) [View article]
    What Cramer and every other American commentator fails to pick up on is the incredibly poor terrestrial/satellite/... offering with which Netflix competes in many of its markets. Not surprising that there customer base is growing at 30% per annum.
    Jun 25, 2015. 05:48 AM | Likes Like |Link to Comment
  • Cramer's Potential Merger & Acquisition Ideas - Cramer's Mad Money (6/16/15) [View article]
    Would you all be so consumed with worry if Louisiana went bust? It has a GDP similar in size to that of Greece. Significantly Greece has a population about twice that of Louisiana- so that probably gives an indication of a main problem- the Greeks are bone idle- oh yes and they retire at 55-61, depending on the occupation they ply, with an excellent government pension.

    Cramer seems think that they will only be evicted from the Euro; they may choose to leave the European Union as well, or be thrown out if the other 25 members agree. In any event as large numbers (many thousands) of illegal Syrian refugees are arriving at the island of Kos ( a Greek Island a few miles off the Turkish coast), this will give a legitimate reason for closing the border.
    Jun 17, 2015. 11:32 AM | Likes Like |Link to Comment
  • Bakken Update: Final QEP Wells In Grail Field Pay Back In Less Than 6 Months [View article]
    As usual a great article, thank goodness I bought EOG a long time ago! It's surprising that OPEC do not realise that trying to frustrate the US fracking industry by increasing production is a long term no-win situation with such innovative and cunning companies as EOG leading the way.
    On the other hand, the Saudis have realised the military/strategic implications of the success of the US fracking industry, and are increasing their already huge defence expenditure by 25% p.a.! Clearly, they have realised that the US would not for the foreseeable future make a commitment like Desert Storm to defend oil fields which it no longer needs.
    Perhaps this is the underlying reason for flooding the market with oil when it would be more financially advantageous to leave it in the ground.
    Jun 16, 2015. 06:10 AM | Likes Like |Link to Comment
  • Have One Dreamer Stock In Your Portfolio - Cramer's Mad Money (4/13/15) [View article]
    Cramer is absolutely right to describe Netflix as a global institution in the making. I made lots of money by originally buying Netflix at $37/$50 and selling at an av. of $280. I bought back into Netflix when I read an article saying it had only 47 million subscribers but was operating in a substantial number of markets. I would not be surprised to see Netflix with 100 million subscribers in 5 years.
    Americans and Brits(me) are spoilt for choice with quality TV options, this does not apply for example in South Africa ( 47 million TV viewers) where TV is not that good. Competition for Netflix there is much lower- except that they have yet to launch there!
    Apr 14, 2015. 10:04 AM | 1 Like Like |Link to Comment
  • Some Concerns That Have Me Worried About The Overvalued Markets In 2015 [View article]
    Speaking as a British follower of yours I don't share your gloom. Yes American corporate profits are going to be heavily hit by the strong dollar for a period, but there are enormous upsides to the American economy:
    1) the USA is the only economy, and possibly the UK, though we are still tied to Europe, that has come through the money printing tunnel, and is returning to some semblance of normality. Growth is no longer being faked by printing money.
    2) The strong $ presents an opportunity to pay off real debt not denominated in $ cheaply.
    3) The strong $ presents an opportunity to buy good long term assets not denominated in $.
    That's why I will be keeping 90% of our equities and cash in $
    Apr 13, 2015. 06:34 AM | Likes Like |Link to Comment
  • 5 Changing Trends - Cramer's Mad Money (3/23/15) [View article]
    Speaking as a Brit with just under forty years trading experience, business and investment, all over the EU; Cramer's take on the situation in Europe is superficial.
    He is right that in Ireland and Portugal things have improved considerably, particularly in Ireland. However, they have not done so in Spain and Italy, both vast economies compared to the other two; moreover, the French courtesy of their government are busy working their way down to the Spanish/Italian level.
    An all mighty bust is coming in the Euro zone. Anybody investing anything there, other than ultra short term, should seek therapy.
    Mar 24, 2015. 09:13 AM | 2 Likes Like |Link to Comment
  • Cramer's Lightning Round - I Am Not Tempted By Europe (1/6/15) [View article]
    Speaking as a subscriber from the UK, Cramer is right if you have funds in mainland Europe- get out. The UK is alright, and the $ has appreciated very significantly against £ in the last half of 2014, so it's a good time for US investors to buy British- but only for long term holds. I would recommend ARM Holdings, National Grid, and some research in British housebuilders.
    Jan 7, 2015. 08:30 AM | 1 Like Like |Link to Comment